PR Log (Press Release) –
Oct 16, 2009 – Reliable market information is vital for successful real estate investing. Problem is, in Central America official prices are not published and buyers and sellers are often left with making (possibly life-changing)
investment decisions based only on thin slices of information - a quick Google search, a recommendation from an agent or a glossy brochure.
The goal of RevealRealEstate is to try and fill this gap by putting data into the hands of consumers. Their 2009 PriceRank table provides a new layer of market information to help investors make better informed decisions. The table has sortable headers and users can follow the links for further information on the real estate developments including amenties, location maps and price comparisons with the country medians.
Here are the key takeaways from the 2009 ranking:
• As the most mature market in the region, Costa Rica tops the ranking with the Four Seasons, Papagayo Peninsula. The least expensive community is Belize Reserve an ‘eco-community’ located in Cayo, western Belize.
• Costa Rica holds 6 of the top 10 spots in the PriceRank table. Panama has 2 real estate developments in the top 10 and Belize has 1. Nicaragua, the most ‘emerging’ of the markets has none.
• The most expensive real estate development in Belize is the Placencia Residence. In Panama, the Trump Ocean Club, perhaps its most well-known development, leads the field. Portofino Condos overlooking the bay of San Juan del Sur is Nicaragua’s highest entry (but ranked 44th overall) and, yes, the Four Seasons at Papagayo tops the list in Costa Rica.
• Turning to the least expensive; it’s Belize Reserve in Belize, the Condos Montemar (also in San Juan del Sur) for Nicaragua, Rancho Las Lomas in Costa Rica, and for Panama, Montanas de Caldera has the lowest median price.
• Master-planned communities on or near the ocean percolate to the top of the list whereas developments in lake/river/lagoon areas make up the more ‘affordable’ market-share in international real estate.
The PriceRank can be found here: http://www.revealrealestate.com/blog/how-to-understand-t ...
The goal of RevealRealEstate is to improve the transparency of the international real estate market in Central America by putting data in the hands of consumers.
