Land: 1.01 HaFloor: 2,300 sq m
Beds: 3 Baths: 2
Knowing when an area is going to move from low demand to high demand is key to smart real estate investing. One of the best investment indicators is new infrastructure, especially new airports which open international access to underdeveloped regions of exceptional value.
Now Palmar Sur, in Costa Rica's southern zone, is receiving international status with a $42 million expansion to the national airport, Palmar Sur Airport. The same scenario is starting to play out as it did in the northern region. Although the project is currently out for tender there are whispers of closed door deals already circulating and tell tale signs in the real estate market that something big is on the horizon for the southern zone.
According to Costa Rica´s Civil Aviation Authority (Aviación Civil) development in underway between the towns of Sierpe and Palmar Sur, with the target opening date set for 2014.
Other support infrastructure has ramped up including the new Caldera highway (Pista del Sol) and expansion of the Costarena Sur highway. This is driving more tourists to visit the south zone, as travel time from the Central Valley to the region is reduced to approximately 3.5 hours. A new hospital -- a requirement for an international airport -- is now fully functional, including emergency helicopter service. Highway access onto the OSA Peninsula from Palma Sur was also greatly improved.
The entire southern zone is expected to mirror the growth witnessed in the northern region with the arrival of the new international airport. Interest in Dominical real estate, just 60 mile north of Palmar Sur, has already seen an uptick in focus and sales. Dominical, although far less developed than other regions, is well known locally as one of Costa Rica's gems. However, the recent infrastructure improvements and the expansion of the airport has brought it to the attention of investors and developers.
Southern Costa Rica is the home of the famous Corcovado National Park on the OSA Peninsula, a place National Geographic called "the most biologically intense place on earth." Opening this unique tropical eco region to international access has many experts in the Costa Rica real estate market excited about the prospect of a second growth boom.
from World Property Channel, Nov 2013
A group of residents in Costa Rica’s Southern Zone, along with officials from the Civil Aviation Administration, on Friday presented environmental impact studies for the construction of a new international airport in that area, known as the Brunca International Airport.
The Environment Ministry’s National Technical Secretariat now must analyze the studies and hold public hearings before giving the green light to move forward on the project.
According to the report, one of the most importants steps to launch the airport project is the expropriation of two former banana plantations in Palmar Sur, which currently belong to two government agencies, the Agrarian Development Institute and the National Institute for Cooperative Development.
Both properties are occupied by some 100 families who would have to be relocated, the report states. The idea of building a major airport in Costa Rica’s Southern Zone was first proposed during the administration of President Abel Pacheco (2002-2006).
Written by Anna Fishel for International Living Magazine, who bought a house in Ojochal from Marcia Oro, Osa Tropical Properties Sales Associate.
The Southern Zone is a region on the southern Pacific coastline of tree-covered mountains which drop dramatically down to the ocean.
Anna Fishel, 63, was living and working in Colorado in early 2012, and retirement was still years away…or so she thought.
“There was a change in management at my job that made it absolutely miserable for me to go to work. I had bought my house in Costa Rica with plans to move in a few years. I decided that my mental and physical health should be top priority, so I made the decision to give retirement a whirl,” says Anna, who had been visiting the country for eight years prior to her move. “It’s been just over a year. I do believe it is the best glass of lemonade ever made from life’s lemons!”
“The cost of living in Costa Rica was a factor too. But the feel-good factor was major. You can spend your entire life checking a place out or you can just do what feels right. For me it seemed like the right moment in time,” she adds.
Anna is in the Southern Zone, a region on the southern Pacific coast known for its dramatic coastline of tree-covered mountains dropping suddenly to the ocean, empty beaches, and lush rainforest full of wildlife like toucans, howler monkeys, sloths, and dozens of other species.
Though development has picked up in recent years due to the completion of the coastal highway, it remains a quiet refuge for retirees and other expats looking to truly get away from it all in a beautiful setting.
“My home is on just under an acre of land in Ojochal, which is a small village in the jungle. There is a small view of the ocean, but the real attraction for me was that the house is set among beautifully landscaped gardens,” says Anna. “I like to say that I bought a lovely tropical garden that happened to have a house tucked in amongst the beauty.”
After years of stressed out work, Anna’s schedule in retirement is still full—but with things she loves to do. She enjoys “puttering” around her garden. She practices Spanish with a tutor two hours a week. And she goes on long walks with a group of fellow expats, as well as on empty beaches with her adopted German shorthaired pointer mix, Lily. (Her cat, Kiska, who “came with” the house, stays home.) She’s also active in a community library for local kids.
“And I’m finally reading books that have been on my to-read list for 20 years,” says Anna, laughing. “I have no idea how long I spend having coffee, watching the birds have their breakfast, looking up birds in my guide, pulling those ever present weeds, or hanging laundry on the line. I am really enjoying ending a day and feeling like it was full in a simplistic way and that no one, in particular not me, needs a detailed account of the day’s activities.”
She’s also discovered a simpler life.
“Realizing that so few Ticos in this area have cars has inspired me to choose walking over driving when possible. There’s a local grocery, butcher, and bakery well within walking distance,” explains Anna. “And when you walk to the grocery store you buy what is needed versus loading up ‘Costco’-like with what turns out for me to be months of ‘stuff’ that often goes to waste. It is a good feeling to buy what I need…and use what I buy.”
From International Living MagazineRead More
Costa Rica is a gorgeous, safe and affordable destination for a retirement or second home… if you know where to go.