Banco Nacional and the Cámara Costarricense de Bienes Raíces are conducting an unusual online auction of real estate Thursday.
The bank said that more than 12,000 persons already have looked at its auction Web page. The bank is prepared to offer mortgages to qualified bidders, it said.
The bulk of the properties are in Guanacaste and on the Pacific coast where real estate prices are depressed. The bank promised that properties would be struck down at about 50 percent of their value.
However, to really see the properties a visitor to the Web page has to register. There are fees levied.
The bidding starts at 4 p.m. Thursday with properties valued at more than $250,000 being offered first. Then properties valued at from $75,000 to $250,000 will be offered. At 9:15 p.m. properties valued between @3,000 and $75,000 will be offered, the bank said.
For those wishing to attend in person, the event is at Pueblo Antiguo in the Parque de Diversiones in La Uruca.