QCOSTARICA — Although the numbers of the Costa Rican economy are positive, most consumers believe that this is not the best time to make large investments, such as buying a house or a car.
The Encuesta de Confianza del Consumidor (Consumer Confidence Survey), conducted by the School of Statistics of the Universidad de Costa Rica (UCR), shows that there has been a consistent trend since the survey’s inception in 2002
In November, 54.7% of those surveyed thought that these are bad times to buy a home, 26.7% considered that the time is favorable, 13.6% that it is neither good nor bad, and 5.0% did not know.
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In the case of the possibility of buying a car, 57.1% think that this is not the right time, 21.3% think that it is, 16.7% that it is neither, and finally, 4.9% say they do not know if it is a good or bad time for an investment of that size.
Economist Miguel Cantillo said that when dealing with such high amounts, it is natural for people to think twice before taking that step, despite the exchange rate of the dollar and the low interest rates.
“Many people have less need to go into debt in that sense, due to changes in the structure of families,” he explained.
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