In the past decade, thousands invested in the beachfront real estate market in Costa Rica, mainly in the north of Quepos and the Pacific coast in the surrounding area. We are investing in inexpensive ocean view real estate overlooking the Pacific, interior farms and riverbank properties, but most of it is still near the sea. Many people purchase vacation homes, households' houses, retirement assets in Costa Rica because of cheap living expenses compared to the USA and Europe.
Both investors and casual real estate purchasers have gained enormous benefits from investing in selling real estate along the coast. In today's market, it seems that many owners were able to earn about 500% of profits for a five-year beachfront investment.
Many of the Jaco, Quepos, Puntarenas, Tamarindo, and Flamingo regions are trying to profit with more points in mind, but the market in the northern region is rapidly exceeding the "affordable level". Many of these area beachfront real estate love the sun and concern for the big companies to build segmented condominiums, condominiums, mega hotels, resorts for vacationing Americans and Europeans "I'm troubled". This proliferation of prime beach front land is inherently out of reach of average investors and retirees.
The new airport around Liberia evacuated from the surge in real estate prices at the beach town around Liberia. In addition, in the southern part of Liberia, the price rose near 100% in the past two years, the Costa Rica government predicts real estate prices near Marbella will double in the next 3-5 years. The beach front ACCESS lot in this area is currently listed at approximately 54,000 square feet (1.2 acres) at approximately $ 300,000.
Dominical, located south of Quepos, is currently sprawling sharply because beachfront condos are rising like palm trees. Of course, the price is surprisingly faster. I personally handed a cliff side lot of 150,000 dollars near Dominical seven years ago. On a recent trip to San Jose, I saw a cliff side lot that was advertised in the same area for $ 450,000. It has revenues of 300% with 7 years investment. Near the Dominical, we will pay 350,000 dollars to many people.
Paro · Seco can say the same. In 2000, I saw a huge place with $ 70,000. Today, much of Palo Seco has evolved into a condominium. According to real estate agents in this area, Palo Seco's real estate has increased by 400% over the past two years, which does not include upgrades over the past five years. An 11,000 square foot building is sold for about $ 115,000.
With the approval of the new marina of Golfito, the real estate price should aim at the sky. There is a possibility of earning a lot of money in the real estate of Golf feet, but there is no beach or infrastructure improvement expected by Americans and Europeans when investing in "city" property. Before Golfito really begins, someone has to fulfill the bill for these improvements and you should not expect local taxes to pay the bill.
In the small village of Zancudo and Zancudo Beach in the past seven years real estate sales and land prices rose sharply, but Playa Zancudo real estate is mostly investors, retirees, people who are looking for 2 households or vacation homes It is affordable for you. As I mentioned, many of the beachfront properties in Costa Rica have increased in price over the past six to seven years by 300-400% (or more) and Zancudo's investment is at the same level . However, Playa Zancudo's large "unrefined" beachfront lot was about $ 35,000 each in 2000 (some sold only in part). Today, these very large lots are sold for about $ 150,000 each unmodified. These are not small-scale buildings, but rather large-scale real estate. When comparing these prices with the properties of the beach front and the river front, looking north, Playa Zancudo and surrounding areas are one of the last boundaries of affordable real estate investment in the Pacific Coast of Costa Rica .
The price here will probably be comparable to that seen in Shanghai in another three to five years when the new airport in the north of Golfito is completed. This means that today's investors can make substantial profits in the coming years if the historical performance of Costa Rica real estate continues.
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Copyright 2007 By Donald Lee Johnson
