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  • Stewart Title Costa Rica Continues Expansion
    a wholly owned subsidiary of Stewart Information Services Corp NYSE STC The area has experienced amazing growth and the large number of requests from the region prompted Stewart Title Costa Rica to open this new office Tamarindo the newest Stewart Title Costa Rica operation joins a growing network of Latin American and Caribbean operations providing both international and local purchasers and lenders with cutting edge title and real estate information services Our region has historically been a cash driven market said Christopher Hill CEO of Stewart Title Latin America That is changing and our mortgage services division is a key component to facilitating the needs of both the borrower and lender in the transaction process Dynamic and complete mortgage solutions offered in one convenient location are going to be strong advantages of this new office Although the Tamarindo office focuses on providing solutions for mortgage services through the Mortgage Alliance Program MAP designed specifically for real estate professionals all clients will also have access to all services offered by Stewart Title Costa Rica STCR in accordance with a clearly defined strategy established by STLA Management team strongly believes that the entire Costa Rican market developers Realtors lenders and attorneys will benefit from the business platform provided by MAP said Orlando Lopez General Manager Stewart Title Costa Rica The main objective is to provide the best financial solutions to the residential buyers according to their particular needs increasing the number of transactions and enhancing them at the same time The opening of the MAP office in Tamarindo reflects the commitment of Stewart Title Costa Rica to provide value to the markets we serve Stewart Title Costa Rica provides a suite of products and services enhancing local real estate transaction processes The office s products and services include title guarantees escrow services

    Original URL path: http://www.ticonet.co.cr/real-estate/readings/080811.html (2015-06-03)
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  • Papers losing real estate ads to online
    the housing market itself much of the up and down movement in newspaper real estate advertising can be viewed as cyclical meaning it will be weak in down markets and bounce back in the upward part of the cycle whenever that comes up But what s worrying analysts this time around is that real estate could become the next category of classified advertising after help wanted ads to mark a significant and permanent shift away onto the Internet The stakes are big for newspapers since classifieds are highly lucrative and make up more than 35 percent of their revenues Mike Simonton the top media industry analyst at the Fitch Ratings credit analysis service says that currently a good 30 percent of help wanted classified advertising is now online while the Internet s share of real estate and auto classified advertising is lower at about 15 to 20 percent but poised to move higher The threats from the Internet are real Simonton said Newspaper advertising should remain under pressure until newspapers are better able to address the threat of online advertising Representatives of several major real estate franchisors said in interviews that many home sellers still see newspaper advertising as an essential component of selling a home but that younger brokers home sellers and buyers are clearly more focused on using the Internet For our agents newspapers are an old standby said Abby Lee director of regional advertising in Denver for RE MAX a major real estate franchisor With younger agents there s a trend of going online There s a realization that s where they need to be Suzy Antal director of marketing communications and public relations for Prudential Real Estate Affiliates a unit of Prudential Financial Inc said many Prudential agents have been pulling back on advertising during the current downturn but as they return they re shifting ad budgets to their own Web sites creating blogs and taking different approaches beyond newspapers Is newspaper a high priority No Antal said I don t believe my buyers and sellers are going to be in that market Newspaper publishers understand they need to move more aggressively to hold on to real estate advertising We can t sit on our hands says Charlie Diederich the director of marketing and advertising at the Newspaper Association of America an industry group Diederich said newspapers are still a key part of most people s real estate searches and an important tool for realtors to make people aware of their brands But he also acknowledged that newspapers need to do more to make their own Web sites essential to home buying decisions We ve got to improve both our print but especially our online products so consumers will continue to come to us first so we can deliver that audience to the professional realtor Diederich said A group of five major newspaper publishers also owns Classified Ventures a Chicago based business that powers the real estate sections of the Web sites of its 125 member

    Original URL path: http://www.ticonet.co.cr/real-estate/readings/070727.html (2015-06-03)
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  • Punta Leona, a New Costa Rica Real Estate Development, Announces 34-Suite Condominium at Beachfront Resort
    a resort and beach club that incorporated the best that Costa Rica has to offer Now we look forward to evolving into an international resort community while respecting the current traditions and membership of Punta Leona While being private gated and exclusive in its offerings the inclusive convenience of the destination will appeal to families and empty nesters Punta Leona s most distinguishing characteristic is its two white sand beaches one of which Playa Blanca White Beach was recently awarded the only Four Star Blue Flag for its ecological preservation in Costa Rica Protected by the Nicoya Gulf turquoise waters stay warm year round create finest swimming beaches in the country Among the many amenities to be found are walking paths through the jungle resident naturalist expert and guide a zip line tour of the jungle canopy large resort pools restaurants barbecue areas a pool beach bar internet café butterfly farm and a kids activity center Additional amenities are located nearby including championship golf at Los Suenos sport fishing charters ATV tours surfing at Hermosa beach shopping and nightlife in Jaco Owners will also have the opportunity to participate in a rental program for when their property is not in use It will be managed by Hotel Punta Leona which currently operates at near full occupancy throughout much of the year The project s overall architecture and design will take on a Spanish Colonial style while also drawing inspiration from the natural surroundings South Florida s Garcia Stromberg Architecture known for its work on communities such as the Floridian Boca Beach Club and Playa Conchal has been commissioned to create the master plan which will ensure a cohesive aesthetic balance maximize privacy and access to and views of the jungle and beaches and employ sustainable eco friendly building practices The

    Original URL path: http://www.ticonet.co.cr/real-estate/readings/070226.html (2015-06-03)
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  • Why they head south for retirement
    Feb 19 2007As baby boomers near retirement more and more of them are looking to spend their golden years in the colonial gem of Antigua Guatemala the sandy beaches of Cabo San Lucas Mexico or the cosmopolitan city of Panama And as the retirees are heading south so too are U S title companies financial firms and insurance businesses wanting to capitalize on the trend Read more about buying a

    Original URL path: http://www.ticonet.co.cr/real-estate/readings/070219.html (2015-06-03)
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  • Stewart Title Honors President Oscar Arias Sanchez
    these foreign endeavors Costa Rica has been investing in education for almost 60 years after we constitutionally abolished the army We now have a highly skilled and educated labor force that has helped us attract companies in the technology sector like Hewlett Packard Boston Scientific and Intel A few months ago as you all know Intel announced an agreement with Apple to produce chips for its line of computers All this has helped the country to evolve from a Banana Republic to an Apple Republic Arias said A significant amount of Intel s major manufacturing and technology development takes place in Heredia Costa Rica including two manufacturing plants and one distribution center for assembly testing and distribution of its processors Guests included Minister of Foreign Trade Marco Vinicio Ruiz Minister of Finance Guillermo Zúñiga Minister of Transportation Karla González General Director of Costa Rican Investment Promotion Agency Edna Camacho and Ambassador of Costa Rica in Mexico Gioconda Ubeda Stewart Title Latin America provides a suite of products and services enhancing local real estate transaction processes The office s products and services include title guarantees escrow services closing coordination online file management and other administrative services necessary for real estate closing Our services have become a key driver to attract foreign direct investmentto the region which will ultimately promote much needed growth and prosperity in these emerging markets said Gonzalez About Stewart Title Latin America Stewart Title Latin America with offices in Mexico Central America and the Caribbean provides customers with a suite of services that add transparency security and peace of mind to real estate transactions Stewart Information International Inc the overseeing body of Stewart s international operations and a wholly owned subsidiary of Stewart Information Services Corp has an ownership interest in Stewart Title Latin America www stewarttitlelatinamerica com

    Original URL path: http://www.ticonet.co.cr/real-estate/readings/061220.html (2015-06-03)
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  • The Jack Parker Corporation Introduces Pacifico in Costa Rica
    and 150 single family home sites will be built to U S standards offering custom cabinetry designer fixtures brand name appliances and pre wired for phone cable and Internet access Floor plans are offered with one two three or four bedrooms and prices start from the 150 000s Home sites are available from the 100 000s Inclusive of home ownership is membership to the Pacifico Beach Club with a restaurant and bar and to the Health Club Spa with tennis facilities Additional amenities include a Members Club sunset bar waterfall pavilion resort pools with sun deck and separate toddler pool barbeque area and a children s play area A 15 600 square foot Village Center located at Pacifico s entrance will house Costa Rica s only Robb Stucky Design Studio and other retail conveniences including a post office coffee shop art gallery tour operator and business services center Also located in the Village Center will be a 20 000 square foot Auto Mercado Costa Rica s premier grocery store Additional retailers inside of Auto Mercado will include a dry cleaner pharmacy and eateries While the natural beauty of Costa Rica is the obvious appeal we realize that in order to attract American buyers modern conveniences are essential says Trowbridge We specifically incorporated the Village Center into Pacifico to provide the services that U S homebuyers expect Playas del Coco is 22 miles from Liberia the capital of the Guanacaste province Nearby activities include sport fishing surfing sailing kayaking scuba diving hiking or lounging on the beach International airports in Liberia and San Jose offer non stop flights daily to and from major U S cities including Miami The developer and exclusive sales agent is Pacifico Development Coco PDC Limitada an affiliate of The Jack Parker Corporation The Pacifico Sales Gallery

    Original URL path: http://www.ticonet.co.cr/real-estate/readings/061025.html (2015-06-03)
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  • A home away from home
    abroad to destinations other than the United States in 2005 spending a record 9 4 billion The United Kingdom was the most popular destination followed by Mexico and France Property purchases are an important chunk of that spending says Lawrence Barker executive director of the Canadian Snowbirds Association which represents some 70 000 members generally retirees who spend up to six months annually living outside the country Karina Nemanic a real estate agent for Century 21 in Panama City says Canadians are increasingly shopping for real estate all over Central America They are looking to go south and Florida is getting very expensive says Ms Nemanic In Panama as little as US 80 000 will buy you an apartment in a pleasant part of Panama City close to restaurants and nightlife while US 1 5 million will get you an opulent beachfront property less than an hour s drive from the city Canadians she says account for a rapidly rising proportion of the foreigners traditionally Americans Germans Italians and Columbians who invest in real estate in the country One reason is buying power The loonie has recently risen from a low of US 0 61 in 2002 to close to US 0 90 That has made property generally priced in U S dollars throughout Mexico Central America and much of the Caribbean increasingly affordable For decades Costa Rica has proven the most popular Central American country for Canadian property buyers A major reason is the country s longstanding political stability During the 1980s when Panama to the south fell under military dictatorship and Nicaragua to the north was engulfed by civil war Costa Rica had already abolished its army and its president Oscar Arias was awarded a Nobel Peace Prize Even in the 1980s foreigners saw Costa Rica as a stable place to invest money buy a second home and even retire says San Jose based real estate agent Mark Jackson who moved there from Toronto in 1987 The recent arrival in Costa Rica of Stewart Title Insurance insurance against unforeseen property title limitations and a state of the art system for title registration gives foreigners added security when investing in property in the Central American country Pitfalls however remain As in most Latin American and Caribbean countries Costa Rica requires no formal training of real estate agents and there are no laws or industry bodies to prevent agents from promoting sales in which they may have an undisclosed interest Anyone including the friendly taxi driver you just met can set himself up as a broker cautions Mr Jackson Investors must also negotiate their way through the maze of local bureaucracies I had a client lose his shirt in the Dominican Republic says Toronto real estate lawyer Bob Aaron He bought an oceanfront property on which he proposed to build a small condo development 10 or 15 units It turned into a nightmare of red tape and eventually it went bust Mr Aaron is also powerless to help clients who

    Original URL path: http://www.ticonet.co.cr/real-estate/readings/060821.html (2015-06-03)
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  • Pura Vida
    warm if not for soft sea breezes The sprawling pool at the Paradisus Conchal Resort is busy with tourists splashing in its labyrinth coves and cays shrouded by lush greenery The Pacific is a hazy blue stretching out toward the centerpiece of the horizon the alluring Catalina Islands where gleaming white sportfishers spread outriggers to combat marlin sailfish tuna and dorado No hurricanes here Ever Texas just won t look the same for all those poolside tourists when they go home and more and more of them aren t Conchal built 95 luxe villas since 2003 and sold all but three Current range is 600 000 to 2 million Spurring sales is a gorgeous golf course by Robert Trent Jones II rife with huge iguanas and water hazards as well as four restaurants and that seductive pool area But the real leap in interest came with the new U S backed airport in Liberia which hosts 45 flights from three major airlines Those who buy can rent their villas for 500 a day A new round of lots will soon go up for between 180 000 and 400 000 With 2 300 acres and infrastructure racing to meet demand opportunities to own a piece of Conchal s paradise will keep coming they just won t get any cheaper It s 70 by boat each way from Reserva Conchal north to the resplendent shorelines of Peninsula Papagayo a Four Seasons built Eden only a year old From Liberia it s a 30 minute drive on good roads No matter how they get there people arrive with high expectations due to a luminous reputation Yet they still leave blown away Years of sensitive planning paid off with perfection Genius this place Blue water stretches forever above shocking white beaches on both sides of the resort because it straddles a pinched portion of the peninsula An impossible 15 miles of shorelines sweep along 31 beaches set amid 2 300 acres with a good as it gets golf course the first of three Shew Fractional opportunities and open use of resort facilities make the residential villas coveted All lots offer golf course or ocean views The architecture is amazing a house hunting investor from Texas told me I ve been to Four Seasons all over and none compare to Papagayo Former petroleum executive Henry Hirsch shows me the goose bumps on his tanned forearm arm as we crest a prime vista in Tamarindo Heights an exquisitely planned new luxury community with deep roots in Feng Shwei He gets a chill every time at this spot and the views here are the reason They are among the prettiest on the coast and this is the Costa Rica you imagined The jungle falls away to a turquoise river estuary brimmed with bobbing boats and bone white beaches When founder Shon Kapeta explored this spot a few years ago men hacked through the bush with machetes in front of the horses to traverse steep gullies and hills

    Original URL path: http://www.ticonet.co.cr/real-estate/readings/060428.html (2015-06-03)
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