Property development in Costa Rica is reaching out to previously inaccessible areas and offering investors different choices, according to a new guide.
The opening of previously non developed areas along with government investment could create a property boom, according to the publication, Costa Rica - The Owners Manual.
Developments underway or starting soon include the largest full-service marina in Central America, new hospitals, a new airport and new roads.
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%,’ it says.
Costa Rica has been popular with US retirees for almost 20 years but is only now coming into the mainstream. It has a stable government, plenty of foreign investment, a well-educated population, first-rate health care, and a thriving tourism sector.
With space running out in the most popular towns, the government is working furiously to open up previously inaccessible areas. Costa Rica now ranks as the most technologically developed country in all of Central America. The government has attracted several high-tech companies by offering tax holidays of up to 20 years. There are also many incentives for tourism companies,’ the book continues.
The workforce is well educated and most speak English. Costa Rica offers investors and relocated businesses plenty of advantages. Among the companies to open branches here are Acer America, Baxter Healthcare, Intel, and Panasonic.
The presence of offshore banks has grown exponentially in recent years. Within the last three years, the total amount of funds these banks have attracted has increased by 65%,’ it says.
Attractions include diving and snorkeling, walking, white water rafting, fishing and kayaking. Property consultants reckon that high in the Central Valley you can still find bargains but even on the Pacific Coast, the current Mecca for property investors, it’s still possible to find small fishing villages and unspoilt stretches of beach.
Veragua, a new nature-themed adventure park, was inaugurated on August 1, 2008 in the Caribbean side of Costa Rica. The park doesn’t only offer adventure, it is also a research center. What better place for such a than amid the exuberance of the flora and the fauna of this region! The park is located about 40 minutes away from the city of Limon, on a 4,000-acre private reserve and surrounded by genuine primary rain forest!
The Dalai Lama, leader of Tibetan Buddhists was set to visit Costa Rica this September however fears of causing a dispute with China have led to the high profile trip being cancelled. It was due to coincide with the exiled leader’s visit to America and several Latin American countries where he was expected to make a series of public presentations and deliver religious messages to crowds.
The Heredia commuter train may be running by December if the government is able to keep its promise and the Instituto Costarricense de Ferrocarriles (Incofer).
Costa Rica has been chosen as the host of the most important surfing tournament on the planet. The Costa Rican Surfing Federation (FSC) informed it will host the 2009 International Surfing Association’s (ISA) World Surfing Games (WSG), which will be sponsored by Billabong.
As a tropical nation Costa Rica has an extremely fascinating ecosystem. To be able to study this from a birds eye view is what makes the Canopy Tours so popular in the area. Cranes and Climbing gear combine to create a fascinating adventure for the tourists as they rise above the sky and view the Arenal Volcano or any other area in Costa Rica. There are numerous companies that offer Canopy and
Physicist Dr Mark Dickinson from the Photon Science Institute and Andrew Gray, Curator of Herpetology at the Manchester Museum are using equipment more commonly used for medical diagnosis to see inside the skin of South American tree frogs.
