Baker says real estate market growing again

Garland M. Baker, the A.M. Costa Rica columnist who keeps expats aware of changes in the law and the real estate market, has expanded his business qualifications. He just achieved the cips081314Certified International Property Specialist designation from the National Association of Realtors in the United States. This required extensive coursework and examinations.

Baker said he is adding global property sales to the work done by his company, Costa Rica Expertise Limited. In the
past, Baker provided consultancies to buyers and sellers of multi-million dollar properties but let the deal making up to others. In 2005 he predicted the crash of 2008.

He now feels the Costa Rican real estate market is growing again. He said he visualizes new opportunities from investors from all over the world, not just the United States and Canada.

Baker noted that property transactions are far more complex than the usual residential sale.  Buyers confront problems such as water rights, inappropriate soil composition, hidden easements, squatters and the multitude of Costa Rican legal requirements and permits requirements. Over the years, he has assembled a team, including legal, accounting, and property valuation experts, to meet these new international challenges.

“The world has contracted from 2008 to present because of the Internet, but opportunities have exploded for the same reason. Costa Rica is a great place to invest and worldwide buyers know it because the country is free from conflict, has a temperate climate, improving infrastructure, incomparable natural beauty and diversity.” said Baker, a 44-year resident of Costa Rica and naturalized citizen.

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