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Investing in the central Valley of Costa Rica |
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Overview In late 2008 the central Bank of Costa Rica ceased all construction lending in Costa Rica. This was timely with the world economic crisis. It was their intention to avoid crisis in light of the forthcoming Real Estate downturn. While this hurt local trades and professions, in the end, it will serve as a force for good because the central valley is not overloaded with inventory. With 77,000,000 Baby Boomers on the horizon just from the USA alone, coupled with the fact that Costa Rica Retirement is still a favored destination for retiring Americans, it bodes well for Costa Rica Central Valley Real Estate sales in the coming years. Investing in the central Valley in rental can be an excellent choice. Central valley and outlying areas can be good as well for small projects. The perimeter is large for this with the new highway to the Beach opening in 2010. Areas to watch Areas like Cariari Country Club or golf will attract the middle class retiree looking for a great Club atmosphere. It offers a championship 18 hole course with many tournaments and great facilities. It is very reasonable as well. Escazu Real Estate will be an excellent choice for large number of rentals that occur there at good returns as well. Santa Ana Real Estate investing is also very viable. It has experienced many years of growth and with new infrastructure is becoming a very viable choice. Atenas Real Estate has flourished over the past years mainly due to the good climate that has been heavily touted. Today, it has another benefit, then new highway from San Jose to the Pacific coast which will take only 50 minutes or less. It will now be only 15 minutes to San Jose and only 40 minutes to the Beach
San Ramon Real Estate is a consideration because it is a
laid back scenic area with a nice climate. Good proximity
to many areas including beaches. The town is large and has many
services one needs. SanJose isn't far away either.
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