Costa Rica Real Estate Investments

admin — Sun, 05 Jul 2009 04:04:08 +0000

The Costa Rican Real Estate has always been an area of interest for the investors. Costa Rica has got the most exciting market. The reason behind its popularity is the peaceful area, democratic government and Oscar Arias, its Peace Prize President. Its beauty and the acceptance of foreign investors have widened the growth prosperity. You can make any type of investment in this diverse country. Large and small scale developments are being made and geographically Costa Rican offers some nice picturesque landscapes that can be anyone’s interest. The parcels of land of different sizes are available from a quarter acre to thousands of hectares. The sizes are available to suit your needs. What attracts the buyers in beaches of Costa Rica is the peaceful environment they get here to make their own small paradise. The buyer can invest here for any purpose. He or she may sell the property later on or put it on rent or may be he could make it a dream house of his own and live here. Apparently, the investment on the property may later on become a retirement home.
The larger land parcels are available with the amazing ocean views, golf courses. The serious land investors may consider every option that is available with the parcels of lands. Development is being done in the mountains regions near the Volcan Arenal area. The investors who want a rural setting with a cooler climate will enjoy the property over here.
The next type of investment involves the complete package deal to construct a residence to already finished condo projects. You can also get gate guarded developments. They are available both the beach city and in the countryside. Condo projects are available in many models, such as 1 bedroom, 2 bedrooms or 3 bedrooms. Condos are the already designed projects with the finishing options. These finishing options depends on your taste and preferences and what amenities you want in your condo. The price of a condo can range between $100,000 to millions of dollars. The most glamorous and expensive are the penthouses. They may be loaded with private pools and many other amenities.
Almost any type of property is available here at the beaches of Costa Rica. To have your own customized paradise, Costa Rica is the perfect place with the perfect natural beauty together with luxurious amenities. All your dreams can come true with the right selection and of course with an appropriate investment.

Value of Real Estate Shot Up in Canton of Santo Domingo

admin — Fri, 12 Jun 2009 22:18:26 +0000

The old adobe houses in Santo Domingo (Heredia, Costa Rica) that have distinguished this canton for years have been turning into luxury residences, where who lives there least a re the Domingueños.Santo Domingo has been turning into a dormitory canton of high status, where the price of its land and real estate has risen considerably, above all in the past five years.
At this moment, the average price per square meter is $150 (around ¢67.000).
According to the chief of valuation of the municipality, Guillermo Ibarra Baez, this price is normal for the new residences that are developed in the canton.
“The amount can vary, but five years ago the value per square meter was much less than ¢50.000, and there are cases in which the value even reaches $160, which is more than ¢70.000; it’s impressive,” commented Ibarra.
The situation of high prices has created problems for neighbors.
Ericka Linares Orozco, local mayor, explained that the canton has become filled with luxury subdivisions and condominiums, inhabited by people from other places.
“The children of Domingueños don’t have the resources to buy lots here. The new generations have had to leave and people from elsewhere has come to populate here, with the inconvenience of not having roots and an identification with the canton,” explained the municipal leader.
The reason that Santo Domingo has been having an urbanistic development similar to Escazu or Santa Ana in San Jose has various explanations.
For some it is the proximity to the capital and the city of Heredia.
Others indicate that people are looking for an agreeable climate and not such a hot one as in the San Jose cantons mentioned earlier.
But also there are those that give a lot of value to the fact that the canton is attractive for people because its cleanliness and its small town image.
“I believe it’s a little of everything. But I think that the climate weighs heavily and the small town image. Escazu already became very cosmopolitan, with a lot of bars, and Santa Ana is very hot,” declared Hugo Fatjo Fernandez, who is an expert in Costa Rica real estate.
Another factor: According to this businessman, one of the elements that made the prices of the lands of Santo Domingo rise was the construction of the Hotel Bouganvillea.
“But, definitely, buyers like this urban-rural environment. They are in a very clean community, where people still say hello, say good morning, and the community is very orderly,” Fatjo added.
At this moment, besides the small adobe houses at the head of the canton, residences that easily surpass $1 million can also be observed, and not only a few.
It’s possible to find condominiums or complete residences where the lowest price of a house is $200,000. Other more “working-class” ones value $105,000.

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Costa Rica Real Estate Investments

Value of Real Estate Shot Up in Canton of Santo Domingo