There is no multiple listing service or central database in Costa Rica, making it difficult to find accurate information on sales and pricing. When the international second home market stalled in 2008, sales in the Manuel Antonio area slowed to a trickle and prices dropped 20 to 30 percent, according to agents.
But activity has been picking up in the past year. “We’re definitely having an uptick in sales,” said Shawn Ferguson, co-owner of the Coldwell Banker office in Manuel Antonio and Quepos, a real estate agency.
The market is very dependent on the United States economy, which generates the largest group of buyers. “We’re probably six to eight months behind the U.S.,” Mr. Ferguson said. “As the U.S. heads up, so do we.”
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