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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.

Costa Rica’s Real Estate Market and the Economic Crisis

admin — Sun, 19 Apr 2009 18:56:05 +0000

Even though the world is in an economic slow-down, real estate experts are all saying that buying real estate in Costa Rica is going to be a great investment as the market starts turning around and getting back on its feet.
Where else around world can foreign people come to a country with no army and a government that loves foreign investors and has real estate with no rules and where foreign people are eligible for the identical ownership rights as citizens of Costa Rica.
Costa Rica is an amazingly peaceful country, sitting between the Pacific cost and the Caribbean coast, presents possible buyers a big array of decisions. Un-created and undeveloped coastal real estate properties from ranches to cabins to hotels and homes on the beach, all these types of real estate are very prevalent in Costa Rica.
Real estate property prices stopped growing for many years now, creating a great chance to make a lot of money in the Costa Rican real estate market in the coming years.
An old Costa Rican real estate vendor said signals of a market turnaround started around 1998, and they continue to be on the rise. Hotels and rental properties are being booked around 80 percent for the year of 2000. The quick and fast marketing plan of the previous tourism czar, it is showing very strong conclusions, and the recent international airport in the area of Northern Guanacaste is very populared and usually very busy with tourism flights from all over the world.
One of the biggest changes around the real estate market from the last ten years is that prices went up a whole lot as Costa Rica became a part of the international community, the prices have gone up more than 100% in the last few years.
Just a ten minute walk to the beach, a couple bedrooms, a couple bath homes begin at thirty thousand dollars and a single-family home begins at six thousand dollars. Full family homes can cost as much as thirty thousand dollars.
Except for the cheap deals, Costa Rica used to be known for especially good deals on real estate might even be discovered at the public auctions that are announced around the Costa Rican government.

Other cheap deals could be discovered in more secluded places, like the Osa Peninsula in Costa Rica’s southern area. Buying real estate in remote places usually leads to better prices and good deals.
In Costa Rica, a few places have already nad their property values increase by almost 300 percent. Not around the Osa Peninsula, nonetheless. The prices are building, they’re going up, except you can even get an amazing piece of real estate with public electricity and fresh water, even a view of the ocean and occasionally even a home for under the cost of a one bedroom condo in the United States.
Even though the Costa Rica’s central valley only accounts for about five percent of the total land mass, it consists of the most of the country’s total population. So itt shouldn’t come as any surprise that real estate prices all over the higher in the metropolitan area because it’s so populated.

Learning the lay of the land in Costa Rica

admin — Sat, 28 Mar 2009 15:52:12 +0000

No matter where you are choosing to move with, there are certain conditions you first must consider in order to pick the most fitting satisfactory location. Although Costa Rica may be your dream retirement country or simply just what appears to be your dream country, it is important to keep a level head and choose wisely when it comes down to purchasing real estate in the country. Costa Rica while not very for a country and often thought of as a beach escape land, still has very many different types of living styles depending on where one ends up settling down at. Due to the fact the land varies so drastically by area in regards to climate, land layout, and its developmental attributes, it would be wise to spend some time renting in Costa Rica before making a real estate commitment as it will be probably be very hard to sell your property within a year should you change your mind. If you are too impatient to even consider Costa Rica’s low commitment low priced rentals, than here are some general tips regarding the lay of the land that may help you make your final real estate location decision.
One of the first things to consider is what type of climate you and your spouse are most likely to enjoy living in. Although best known for its beaches and hot weather, mountain area in Costa Rica tends to be cooler with average temperatures in the low 70’s and nights in the 50’s. If these sound like more livable conditions than blazing 90 degree humid days than you may consider the beautiful mountain scenery with a house nestled gently into the landscape. Of course due to the difference in the sea level, these areas tend to get more rain than properties near the shoreline.
The next important consideration and perhaps the most important unless you are a millionaire, is how much you are willing and able to spend on your real estate investment. The most expensive properties are beachfront properties since they are difficult and time-consuming to get the rights too, and properties that are within large cities such as San Jose since they are so close to all the local amenities and entertainment complexes. Everything you may need such as shopping, the movies, hospitals, grocery stores etc are within the city limits thus driving the prices of housing located nearby up in price. If you are older and getting around is getting difficult for you or you have health concerns and need to be by a hospital or clinic, than city properties are going to have to be the only choices for you. Often hospital availability is not something we have to think about when buying a home, but due to the wide rural areas of Costa Rica, if you do not consider it, you may end too far from a hospital for your own well being because hospitals being non-profit organizations for the most part, do not get built on a regular basis.
If you can handle being away from the Costa Rica epicenter of activity and are satisfied with country life and a casual drive into the city here and then, then rural area is scenic and usually the most affordable. For the same price of a small property in the city, you can probably get a larger house and acres of land in the mountains. Of course you will be somewhat secluded from civilization and will have to drive into the city regions for shopping and entertainment, but if this is not something that bothers you than these are the best property buys in Costa Rica.