Properties in Costa Rica Blog

In an interview done with CEO of Properties in Costa Rica Arturo Guzman by the Real Estate Magazine a number of interested topics were discussed in regards to Costa Rican real estate. Arturo shares his thoughts on some of the current questions of the Costa Rica real estate market.

The article starts out by asking Arturo who is buying properties in Costa Rica? The answer was that local Costa Rican’s and foreigners are buying properties. The locals are encouraged to buy with the opening credit while many foreigners are buying with direct financing available through the buyer. There is also a number of foreigners and Costa Rican’s that have the capital available to buy.

In talking about the recent years of the market in Costa Rica Arturo makes the comment that “Remember that the prices in Costa Rica wre unrealistic in the past years because of the housing boom in the United States” He also states that “in this country people get carried away because a “real estate” expert told them their property is worth so much or that a nearby property sold for a certain price”. The answer goes on to point out the importance of working with reputable appraisal experts and Real Estate companies that have an understanding of the market in Costa Rica.

Where to buy in Costa Rica?

Probably everyone’s favorite question of the article is: What are the Areas of Appeal?
Anyone reading a real estate magazine is going to want to know what one of Costa Rica’s most recognized real estate experts has to say about where to buy. Well the answer was related to new roads and some beautifull beaches along the Pacific coast. The new highway is La Caldera highway that runs from San Jose to the Pacific Coast and also the 40 km stretch of the Coastenera highway that connects the port town of Quepos to Dominical and opens up to picturesque beaches from Dominical South.

Future of Costa Rica Real Estate

By now you are asking yourself what the future holds for Costa Rica real estate? When dealing with the future you sort of have to see where the present is. Arturo had an excellent answer when responding to the future of the market. He mentioned that Costa Rica was one of the happiest countries on the planet, people are very educated, and it is of the top eco-tourism destinations on Earth. As far as we can tell the future looks very promising.

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As of 2010 Costa Rica was home for 210 different foreign companies creating 58,000 jobs. This number will grow in the coming years as IBM has decided to invest $300 million and add 1,000 jobs over the next 10 years.

This type of investment in Costa Rica is a home run for the Laura Chinchilla administration and great news for the ever growing techy industry in Costa Rica. Laura has set a goal to have $9 billion in foreign direct investment by 2014 and news like this from IBM i

s a huge leap towards that goal. This is one of the largest investments in Costa Rica in the past decade.

The IBM managers said they picked Costa Rica because they were aware of the talent they could find here. It is said the Laura Chinchilla in her visit to New York last year which was an attempt to rally businesses to invest in her country was where she made the contact with IBM. She then followed up her contact in the month of May and here they are today agreeing to the sweet tune of $300 million dollar investment starting in 2012.

This is excellent news and who knows what other contacts Laura might have made in New York. We can just sit back and wait to see what other major companies follow in the lead of Intel, Hewlett Packard, and now IBM as they put Costa Rica in the global spotlight for the tech industry.

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There will be 500 Costa Rica homes given solar power panels in Costa Rica. This project is financed by the CNFL and will cost $1 million. The idea behind the project is to get in gear for Costa Rica’s goal of being the first carbon neutral country. If they reach this goal it could be an incredible accomplishment for this developing country. This is a big step for future homes in Costa Rica.

The projected is designed by CNFL setting up $2,000’s worth of solar equipment on each house. The homes will be able to use up to 400 watts of solar power. If they use less than the 400 watts then the remaining power is a net gain for CNFL and is pumped back into the main grid. If they use more than the 400 watt power it the home is charged for the extra power it uses. CNFL is basically setting renting the space of the roof, giving each home some power, and then taking what is left over. Even though Costa Rica has a good amount of rain the sun it receives is very intense. At just 9 degrees above the equator homes here in Costa Rica will be capable of absorbing a good amount of energy in a short amount of time.

Right now solar power equipment is expensive and just luxury homes will be seen with them or ecolodges but we can expect every home to be on solar power. Experts guess it will be around 3 years before panels are more affordable for each home to have. This is a positive note for the Costa Rica real estate and building industry. Clean energy on residential homes will be more and more common in the future. Places like the sunny beaches of Guanacaste should be a good spot to soak up sun energy.

It just keeps getting better and better. The famous restaurant chain that we all love is coming to Costa Rica. The Hard Rock Cafe which has made it’s home in over 50 different countries around the world and will be opening two different locations in 2012, in Costa Rica. The Hard Rock Cafe has 163 restaurants around the globe that is a collection of the finest archives of rock and roll and excellent food.

The Hard Rock Cafe will be opening it’s doors to their Rock and Roll collections in the town of San Jose and also in the Guanacaste area. The first will open in San Jose with an investment of $2 million.

The Hard Rock Cafe is a truly a global phenomenon when it comes to restuarant chains like no other. It’s philosophy on which it has run all of it’s cafes fits perfectly with the country of Costa Rica. The philosophy is “Love all – Serve All” which goes along nicely with the international foreign destination of the peaceful country of Costa Rica that serves it’s visitors and residents with the love for Pura Vida!

When you see the HCR (Hard Rock Cafe’s are known best by HCR) in the San Jose or Guanacaste area it is well worth the visit. Just the step back into the History of Rock and Roll with the guitars, costumes, posters, albums, song sheets, and so much more will make you feel that you are sitting on stage with some of histories top Rock and Roll Stars.

…where would you go for vacation right when you finished American Idol? COSTA RICA! Thats right Steven Tyler seems to have been quite impressed with Costa Rica after his visit for last year’s concert. Costa Rica has been a place for celebrities of all types to come visit to get away from the fast pace of life and still be surrounded by some of the top luxuries and most beautiful beaches of the tropics.

Everyone from Tom Brady, Pink, Britney Spears, Mel Gibson, and the list goes on of those who have come to get a feel for the Pura Vida. The ABC bachelor was filmed at The Springs Resort in the Arenal area which is just one of many reality shows that have come to Costa Rica for it’s friendly environment and majestic tropical backdrop of Mother N

I'm heading to Costa Rica!!!

ature in her finest gown.

Steven Tyler flew into the Liberia Airport the day after the final judging of American Idol. The Liberia Airport is just minutes away from the beaches of Guanacaste. Metallica had their Central American concert last year and they decided to fly in and out of Liberia for each concert even though they were in all different parts of Central America.

If Steven Tyler calls Costa Rica his vacation spot most people would agree that the country of Costa Rica is just more than Pura Vida! The country of Costa Rica Rocks!

Today is the day the Costa Rica census will begin. There are 35,000 Costa Rican’s making their rounds to over 1,300,000 different homes. This census is going to update the last census which was done in the year 2000. This will be interesting as Costa Rica has seen much growth since the year 2000. The census will provide the government and population with some of the living conditions along with economic conditions of different households all over the country.

In just over 6 months we will know the new population of Costa Rica along with an interesting number of how many foreigners are now calling Costa Rica home. This number of foreigners and retirees will be much higher than it was in the year 2000 and should be a good indicator of how many foreigners enjoy the retired life in Costa Rica.

It is a simple process as memebers mostly teachers will be making their rounds and doing a short interview. If nobody is home in your house then there will be a sheet left and you can fill out the paper with the information. All of the information stated will be private.

A census household is described by a household who share a common budget and prepare food. This will be valuable information for all businesses and government services throughout Costa Rica.

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Source: La Nacion

If you notice early in the morning you see families getting ready for a day in the fields of picking coffee. Every cup that is drank here in Costa Rica on our way to work or during our 3pm “recreo” it came from one of these workers in the fields. It is that time of year to start to harvest the coffee here in parts of Costa Rica. According to a recent article in the ticotimes the harvest this year will be much lower than it was last year. This is due to the heavy rains that Costa Rica had this past rainy season.

For a country that has two coast you can imagine that boats are pretty common here in Costa Rica. Now it all depends on what type of boat you might be interested in but you can find everything from the local fisherman in the Puntarenas area, the fancy cruise ships arriving to Limon, or even some of the finest private yachts docked at the Los Suenos Marina at the Marriott in Herradura.

Recent studies have shown that construction is up after two years of decline in Costa Rica. This is a large boost to builders and investors which goes to show that much of the inventory from before the recession has been sold. Many builders will not be taking on new projects in the coming months. Along with homes and condos, there are other sectors that have taken on constructions such as hotels and shopping centers.

Costa Rica Construction Rebounds

The area of Escazu has a number of new constructions just in the last year as you drive pass the CIMA hospital it is now surrounded by new hotels and modern extensions to the Multi-Plaza mall. This is a perfect time to invest on some Escazu Condos as many builders are looking to get started on new projects.

Randall Murrillo, executive director of the Chamber of Construction states that he expects to see growth to continue in the coming months. He mentions that he is hoping to close the year with a 12% total growth in Construction around the country. Expect to see the areas of beach front properties to show positive signs of growth also.

This is great news after 25 consecutive months of construction being on a decline it is now making a solid rebound.

If you have ever owned an Apple anything you will know that they have some of the best customer service on the planet. Well it looks as if Apple is going to take the gamble and let ICE represent their customer service on the new IPhone 4. If you want an IPhone 4 it was stated in La Nacion that ICE will be distributing them and also giving the customer service.