Costa Rica’s Real Estate
I am running the blog http://www.costaricaviews.com/.
I have put there Costa Rica’s Real Estate Development Climate. I put
Currently, in the Central and South Pacific regions of Costa Rica,
private development has funded three marinas and a dozen major coastal
developments worth nearly $2 Billion. Marina Pez Vela in Quepos will
open 100 slips next year, the Golfito 217 slip Marina is almost
finished with their Environmental permitting process, and the ultimate
Carara bay Marina & Resort in Punta Leon has broken ground on the
country’s most ambitious marina development ever. Furthermore, the
Green Coast Pacific development in Dominical is underway with several
of their 12 developments already completed totaling $650 million in
Tourism has become Costa Rica’s leading industry. The government has
encouraged environmentally responsible development. The country is
ranked #1 in the world for eco-tourism. Significant development began
in the north Pacific region, when the government began operation of
the international airport in Liberia in 1995. Prior to the global real
estate downturn, property values in the north jumped in some locales
by 2000% in the last 10 years (3000% near the new airport) as
vacationers and vacation home buyers had easy access to air
With a new golf course, many restaurants, retail and rooftops coming
out of the ground, the southern pacific zone in Costa Rica very well
may be the cure to any unhealthy real estate portfolio.
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