Saturday, August 30th, 2008
The Costa Rica real estate market is an immature market place. What I mean is that we are WAY early in the cycle. If you think back to Boston 200 years ago, I suspect that you’d find that there were large parcels of land for sale there. These were bought and subdivided, and little by little it became what we have now, which in some of the “nice” areas of Boston, the houses go right to the property line and all real estate transactions are sales of property with a building on it.
In my years of selling real estate here, I have sold very few built homes. Most of my deals have been raw land, either large parcels that could be developed in any number of ways: subdividing and selling lots, farming, reforestation, commercial ventures such as a golf course or a restaurant, yoga retreat etc… (more…)
Posted in Costa Rica News | 1 Comment »
Saturday, August 30th, 2008
Fresh property investment opportunities are being created across Costa Rica, as previously inaccessible areas are opened up.
The now reachable non-developed areas along with government investment could generate a property boom, according to the publication, Costa Rica – The Owners Manual.
A number of developments and infrastructure improvements have been earmarked for these areas and are scheduled to get underway shortly. This includes the largest full-service marina in Central America, new hospitals, an airport and roads.
An extract from the publication says: ‘The massive government approved projects underway will catapult this area on to the world stage with blistering speed. Massive, government infrastructure projects like this don’t come around often. The last time we saw something similar was 10 years ago, a few miles down the coast, when property prices exploded by over 800%.’
Costa Rica, located in Central America, has long been a retiree and holiday destination amongst Americans and to an extent Canadians. Unsurprisingly, tourism is a major source of revenue, along with the services and banking industries, contributing significantly towards Costa Rica’s economy, as well as the growth of the country’s property sector.
Posted in Costa Rica News | No Comments »
