Costa Rica Real Estate Informations » Land in Costa Rica

Lake View properties in Costa Rica

admin — Mon, 07 Dec 2009 22:52:12 +0000

A Major tourist attraction or a tourist destination for other things?
The dope is Lake View properties are being photographed by the savvy investors. There has been some buzz from some experienced and knowledgeable Real Estate personnel. It is said that conventional wisdom is seeing a lot of development in the future. The major tourist attraction until now could be becoming a major tourist destination for other things. This area is clean and pure in its beauty and sees a lot of rain through out the year. This makes it an ideal location for golf course. These pieces of land are being viewed as a perfect golf course by the professional course designers. Only 2 hours of drive from San Jose and through domestic airlines even more short ride. This major tourist attraction surrounded by lake areas and mountains has the temperature that is just perfect for the golf aficionados.
As a result of the perfect conditions and good tourist attraction, these golf entrepreneurs’ interests, designers and many hotel investors are planning ways to attract more tourists. An idea suiting every condition is to design a full fledged resort that covers casino, condo sales, designed golf course, luxury hotels and rentals. Not only this but estate sized pieces of land for purchasing and building a luxury villa or customized home according to the owners specifications.
It has been almost a year for this rumor which resulted into the sky touching rates of the properties which has the views of lake. There are many golf courses that are being built in colligation to big developments taking place around the beaches that specifically involves the Guanacaste area. As it is very humid and warm at sea level, it sometimes stupefies the golf lovers thus limiting the utilization of the golf course and making the golf enthusiasts to visit in the morning hours only.

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.

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.