Dollar volatility raises fears among potential buyers of homes in Costa Rica

House sales have dropped in recent months in Costa Rica because potential buyers are postponing decisions as a result of the volatility of the dollar and its knock-on effect on interest rates.

The trend is confirmed by brokers and developers that are trying to implement strategies to boost the business.

In pre-crisis years, the residential real-estate sector in Costa Rica was bounding along at some 24 per cent. Currently sales have dropped by 40 percent.

Original source (in Spanish): La República