Why investing in Costa Rica Real Estate
Six reasons why it's still a good time to buy Real Estate in Costa Rica especially in the South Pacific Region
OSA Tropical Properties
Costa Rica Real Estate South Pacific Coast OSA
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Why Invest in Costa Rica Real Estate
Six reasons why it's still a good time to buy Real Estate
NEW YORK - March 31, 2009 - The housing market is looking healthier. Here are six reasons why now is time to jump into the market.
1. Uncle Sam is willing to help. First-time buyers (defined as anyone who hasn't owned a home in last three years) are entitled to a maximum $8,000 tax credit; interest rates are at record lows; Federal Reserve is doing its best to make mortgage loans available.
2. People have to live somewhere. About 800,000 new households are formed each year in this country, ensuring that housing market will tighten, even if the economy doesn't soar.
3. Borrowers leverage their investment. If you put $10,000 into the stock market and it earns 10 percent, you've earned $1,000. If you put $10,000 down on a home and its values increases 10 percent, you've made $10,000.
4. When prices come back up, you'll have instant equity. In parts of the country where foreclosures have driven down prices, better times will mean the price of the home you buy will rise rapidly.
5. Mortgage costs stay the same. If you get a fixed-rate mortgage, monthly payment stays the same - while everything else, including rent, goes upward.
6. You own it. There is something comforting in the notion that your home is your own. You can paint it any color you want, let the dog run in the back yard and hang a swing for the kids in the front.
"THE" reason why investing in Real Estate in the South Pacific Coast
This part of Costa Rica caught on…and became the No. 1 destination among foreign retirees and investors who were looking for land buys with big upsides. The upsides were realized. Through the 1990s, the market boomed. Prices for beachfront property along the Pacific coast increased 6-, 8-, 10-fold, and more…
Today, there is another pocket of opportunity in Costa Rica. Prices have stayed low in this area because it's difficult to get to. That's set to change. You have the opportunity to position yourself ahead of the Path of Progress. But you need to move fast.
Some of the most amazing scenery in Costa Rica is in an area that runs south of Quepos to the border with Panama. Landscapes here in Costa Rica's Southern Zone are dramatic--panoramic ocean views…lush tropical rainforest…and sheer jungle-clad slopes, rising sharply away from pristine stretches of sandy beach.
There is more land preserved in national parks and reserves in the Southern Zone region than in any other in Costa Rica. Ballena National Marine Park is a hotspot for humpback whales. Corcovado is awesome, and is reputedly the largest area of primary rainforest left in the Americas, plus home to numerous endangered plant and animal species. Beaches are mostly deserted.
Real Estate Market
In a country with an established real estate market like Costa Rica, this sounds like just the type of place that would attract a lot of fervent investors. Difficulty getting there has kept it under the radar in terms of development and kept prices far lower than areas to the north.
The Costanera Highway is unpaved between Quepos and Dominical and the airports are small, local affairs. These are exactly the kind conditions buyers or investors look for when scouting for a good real estate opportunity. Especially when these conditions are set to change.
Completion of asphalting South Pacific Highway
Costa Rica's President Óscar Arias Sánchez recently kick started the final stage of the Costanera highway. Asphalt work has started. This has been promised by successive governments for 30 years. The Costanera Sur is the vital Pacific coast highway. On completion (slated for this October) it will open up an area of Costa Rica that has remained undiscovered...simply because it's difficult to get to. Four bridges have also been constructed along this route. The geography is dramatic. This has hampered accessibility.
The bulk of the heavy traffic now takes the Interamericana highway that winds through San José and Cartago and then over Cerro de la Muerte. The Costanera will cut all this out. The 90-minute plus trip from Quepos to Dominical will be cut to 25 minutes.
An international airport is planned for the Southern Zone. Due to be completed next year (the government has already allocated funds) the airport is planned to open in stages; the first, next year, will allow international flights with a maximum capacity of 50 passengers. Eventually, the plan is to have a runway capable of accommodating even the world's largest passenger plane, the Airbus A-380. An airport of this scale needs to be close to a hospital…so they built one. The ultra-modern 85,000-square-foot Hospital De Osa located in the town of Cortez, in Puntarenas is now open. The hospital is the newest in Costa Rica and features multiple treatment facilities including a state of the art emergency room, a pediatrics wing, a neurology center and an obstetrics and gynecology center.
How to Profit
If you want to take advantage of this opportunity, I recommend you buy real estate in the heart of Costa Rica's southern zone, where emerald-green hillsides slope down to deserted beaches…and where cloud-ringed mountains tower behind.
Don't think for a moment, though, that your early-in opportunity in this emerging area of Costa Rica means you have to rough it. If you buy into a mature development, you can make sure it's fully serviced with roads, water, electricity, satellite TV, Internet, and a modern communications system.
As soon as the road opens next year "low-priced" properties will be consigned to the history books. You have a short window to act. We offer outstanding opportunities in Real estate for both Residential and Commercial Investors. Thousands of acres are available now along the OSA Peninsula on the Pacific Coast. Our long-standing relationships with key figures in the fields of business, finance and government enable our clients to focus their real estate investments plans on Costa Rica's best opportunities. We are here to ensure a successful launch for your project and to develop a long-term relationship that will nurture your project's sustained and profitable growth.
More Reasons why Investing in Real Estate
South Pacific Coast, Costa Rica
- The South Pacific Coast of Costa Rica is in a tourism, residential and development Real Estate, and technological awakening.
- Spectacular five star ocean view hotels are springing up everywhere.
- The Government has been spending millions of dollars improving Costa Rica's Southern Zone infrastructure.
- Recently new hard phone lines have been installed, and cell phone networks have been updated and approved.
- The Costanera highway from Dominical to Palmar Norte has been completely improved and repaved, and the major highway improvement project has started from Quepos to Dominical.
- New residential development projects are popping up all over Costa Rica's Southern Pacific Coast.
- A golf course is planned for this area. More activities available are surfing, kayaking, diving to Caño Island, waterfalls, rainforest, Whale and dolphin watching, sport fishing, tracking and much more…
- The Costa Rican government has made a commitment to have the first stage of the new international airport in the south, construction to begin in the near future.
- A new Costa Rica hospital and medical complex is currently open and full functioning in Cortes, close proximity to Southern Highway "Costanera Sur".
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Coronado de OSA, Costa Rica, AC
(23 miles south of Dominical on the Coastal Highway)
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