More than 800 properties in Costa Rica including houses, commercial spaces and land will be offered at the Properties for Sale Expo that will take place May 19-21 at the City Mall in Alajuela.

Banco de Costa Rica, Banco Nacional, Banco Popular and BanCrédito, all public banks in the country, informed that important discounts and financing will be available for those interested.

Banco Popular has 101 of the properties offered, the majority of which are located in Guanacaste. The entity is not charging commission or administrative expenses and is offering financial terms of up to 30 years.

Properties are available all around the country and for as low as 3 million colones (under $5,500.00 USD) these are located in areas such as San Carlos, Buenos Aires and Coto Brus in Puntarenas.

Banco de Costa Rica (BCR) is offering over 200 properties all of them at discounted prices of up to 50% of their real value. Up to 100% financing is available in colones with a fixed rate of 10% for 10 years and the rest of the term with a passive base rate; or a passive base rate during the full term. 30 year terms for home mortgages and up to 15 years for commercial mortgage.

Financing in dollars is also available up to 100% with a fixed 5.5% rate for the first 5 years and prime rate plus 2.25% for the rest of the term. 25 years on a home mortgage and 15 years in a commercial mortgage.
BCR is waiving administrative and appraisal charges.

Banco Nacional, on the other hand, has more than 300 properties for sale, a large number of them located in Guanacaste. Properties can be sold directly if the client reserves a property with a 3% of its value, other properties will be sold under an “auction” system.

All properties have discounted prices, some of up to 50%. Banco Nacional offers a fixed rate during the entire term of the credit. Annual fixed rates of 8% in colones and 5.5% in dollars, terms of up to 40 years in colones and 20 years in dollars.(Restrictions apply). No appraisal, legal fees or commission charges.

Finally, BanCrédito has 208 properties to pick from with up to 90% financing in colones and 85% in dollars, fixed interest rates of 8% in colones and 5.5% in dollars, terms of up to 30 years.

Qualified personnel will be answering questions interested parties may have, interactive modules will be available displaying details of the properties.

Banco Nacional has an app available for Apple Store and Google Play: BN Venta de Bienes which has information on the different properties for sale and through which an appointment can be requested with a sales executive.