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CRGAR becomes first officially bilingual national real estate association in Costa Rica

This year, the Costa Rica Global Association of Realtors (CRGAR) will become Costa Rica’s first truly bilingual, national association of real estate professionals.

Is Costa Rica in a real estate bubble?

Here are some of the signs that Costa Rica is in a real estate bubble — lending, borrowing and building at a pace that appears to be unsustainable. What will happen when this bubble bursts?

Would you trust a taxi driver to sell you real estate in Costa Rica?

Looking to buy your dream home in Costa Rica? Why not ask your taxi driver? After all, he has the same legal authority to bring buyers and sellers together as a career real estate agent — i.e., none — and he is entitled to the same fat commission.

Will real estate licensing soon be mandatory in Costa Rica?

Proposal to require real estate licensing in Costa Rica is supported by professionals at a national conference.

What’s behind the high-rise construction boom in Costa Rica

Experts say a boom in high-rise construction in the Central Valley is driven by changing consumer preferences, favorable credit conditions and quality of life concerns.

Rent hikes capped, indexed to inflation under bill approved by lawmakers

The Legislative Assembly approved a bill that limits annual increases in rent to the inflation rate, and sets a cap of 10 percent, with possible exceptions.

Construction and Housing Expo will offer homes to the public

Real estate developers will be offering housing to the public for as little as $45,000 at the 2016 Construction and Housing Expo, which begins Wednesday in Belén.

Tamarindo surf company Witch’s Rock acquires Pueblo Dorado hotel

Witch’s Rock Industries, which runs a popular surf camp, two restaurants and a brewery in Tamarindo, has significantly expanded its hospitality business with the acquisition last month of the 29-room Pueblo Dorado Surf Hotel.
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Six Arrested in Costa Rica for Hiding Drugs in Boats, Surfboards

A Costa Rican criminal group was taken down this week after smuggling 32 kilograms of cocaine into Australia, hidden inside roll-up inflatable boats. The...

Costa Rica Rolls Out Medical Cannabis Sales with Strict Rules

After years of waiting, medical cannabis is now available in Costa Rica. However, access remains tightly regulated. Its sale is restricted exclusively to pharmacies,...

Nicaragua Grants Political Asylum to Panamanian Union Leader Amid Protests

The Nicaraguan government announced Wednesday that it has granted political asylum to a leader of Panama’s main construction union, who was facing an arrest...