Stunning Location and Design Offer Amazing Guanacaste Pacific Ocean Views...
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Tuesday, October 22, 2013
Flamingo Towers, Costa Rica - First New Ocean View Condos Since Financial Crisis!
Friday, September 6, 2013
Costa Rica Real Estate Development - Positive Conditions Returning?
Costa Rica Resort Trend - Demand for Moderately-Priced Condos Meeting Lower Land Cost and Competition in Construction to Create Opportunity!
It has been a number of years since the incentives to develop resort area property in Costa Rica have looked as positive as they are today. The first niche of opportunity is for moderately-priced, ocean view condos - and that goal may not be as impossible as most would expect.
Demand is strong.... for a basic 2 bedroom, 2 bath, furnished condo, priced under $250,000 (up to $200,000, if unfurnished), that offers attractive features for vacation rental clients. A wave of buying at that price point, since the end of 2012 has virtually cleared some markets. In global vacation destinations like Tamarindo, there are almost none available near beaches, except those that would face challenges attracting vacation rental business because of one or more negative elements.
Some sort of ocean view or walking proximity to beaches is a must.
Land prices are lower.... than they have ever been since the financial crisis began. Many investors in land, who may have held it for the last 5 years, are losing their patience, and are offering great deals. And, holding costs like property taxes are minimal. In the vast majority of Costa Rica, the property tax rate is 1/4 of 1% which translates to just $250.00 per year on a $100,000 real estate investment.
Construction pricing in resort areas can be competitive.... especially since real estate development has not been a driving force for several years. At the same time, reliability and performance of the contractor are crucial in any project, and using the best in Costa Rica would be worth a premium.
The property featured below represents the kind of opportunity outlined above. The per unit land cost could be less than $9,000 for condos with 1) an ocean view setting, 2) adjacencies to attractive beaches, and 3) a location in an emerging exclusive area near to a very desirable mega-project being marketed globally. The potential is definately there to take advantage of the demand for moderately-priced condos, which has been evident for the past year.
If you have been among those who have assumed the time is not right for development in Costa Rica, you may want to give this property, and others like it, a closer look.
It has been a number of years since the incentives to develop resort area property in Costa Rica have looked as positive as they are today. The first niche of opportunity is for moderately-priced, ocean view condos - and that goal may not be as impossible as most would expect.
Demand is strong.... for a basic 2 bedroom, 2 bath, furnished condo, priced under $250,000 (up to $200,000, if unfurnished), that offers attractive features for vacation rental clients. A wave of buying at that price point, since the end of 2012 has virtually cleared some markets. In global vacation destinations like Tamarindo, there are almost none available near beaches, except those that would face challenges attracting vacation rental business because of one or more negative elements.
Some sort of ocean view or walking proximity to beaches is a must.
Land prices are lower.... than they have ever been since the financial crisis began. Many investors in land, who may have held it for the last 5 years, are losing their patience, and are offering great deals. And, holding costs like property taxes are minimal. In the vast majority of Costa Rica, the property tax rate is 1/4 of 1% which translates to just $250.00 per year on a $100,000 real estate investment.
Construction pricing in resort areas can be competitive.... especially since real estate development has not been a driving force for several years. At the same time, reliability and performance of the contractor are crucial in any project, and using the best in Costa Rica would be worth a premium.
The property featured below represents the kind of opportunity outlined above. The per unit land cost could be less than $9,000 for condos with 1) an ocean view setting, 2) adjacencies to attractive beaches, and 3) a location in an emerging exclusive area near to a very desirable mega-project being marketed globally. The potential is definately there to take advantage of the demand for moderately-priced condos, which has been evident for the past year.
If you have been among those who have assumed the time is not right for development in Costa Rica, you may want to give this property, and others like it, a closer look.
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Tuesday, August 13, 2013
Costa Rica Ocean View Homes More Affordable Than Ever!
Dear Colleagues,
One example of the market opportunities availabale now! Costa Rica - on the Guanacaste Gold Coast!
One example of the market opportunities availabale now! Costa Rica - on the Guanacaste Gold Coast!
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Tuesday, June 25, 2013
Costa Rica REALTORS® Announce Credentials Project to Inform Public of Proper and Improper Representations by Agents/Brokers
Costa Rica Global Association of REALTORS® to offer website and referral service identifying valid memberships and credentials of Costa Rica's real estate professionals.
First Such Effort in Costa Rica!
Costa Rica Realtor Credentials Project
Event Weekend to Support Project
To be clear, only 2013 paid members of CRGAR are authorized to use any imagery or wording that even implies an association or training with our organization. Further, NAR membership in Costa Rica is only available through CRGAR or CCCBR, so membership in one, plus paid NAR membership is mandatory before displaying NAR credentials. Past memberships do not carry forward beyond the paid term.
CRGAR has already begun the Credentials Project project by:
1) Identifying
the legal steps to be taken as the foundation for the project
2) Beginning
the coordination process with NAR Global staff in Chicago
3) Reserving
the URL, www.CostaRicaRealtorCredentials.com,
to be launched as the CRGAR-supported platform offering project information to
the online public
4) Scanning
the internet to create a list of current realtor representations that may not
be accurate and require confirmation
5) Offering
the ability to link to this project, to other Costa Rica-focused websites,
blogs, and media outlets that support CRGAR’s goals
CRGAR intends to use a portion of the net proceeds of its 12th Annual “Fun and Fundraising”event weekend (Aug 9-10) to fund the Credentials Project. The event weekend is open to the public and CRGAR encourages real estate professionals, property owners, clients, consultants, and visitors, who support the project's goals, to participate.
Please send questions about the Credentials Project, or the event weekend to crresinfo@gmail.com.
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Monday, June 24, 2013
Costa Rica REALTOR® Association Offers August Golf, Sunset Party, Beach Club Luncheon, and Seminar!
The Costa Rica Global
Association of REALTORS® (CRGAR) Will Hold Its 12th Annual "FUN and FUNDraising" Weekend, August 9-10, 2013
The Costa Rica
Global Association of REALTORS® (CRGAR) offers the details of its 12th
Annual Golf Tournament and Fundraising Weekend, August 9-10, 2013. They invite you to join them for Sunset Cocktails at Pangas Beach Club (Aug 9), 18 holes of Golf at ReservaConchal (Aug 10), the Awards Luncheon at Conchal Beach Club (Aug 10), and a new
event (Aug 9) at the Diria Conference Center, preceding sunset cocktails.
New this year, BLP Abogados will lead a REALTOR® Tax Seminar, with special attention to the seller's role in paying the professional services tax on real estate commissions and each agent/broker's role in acting as tax collector. Each attendee will receive a copy of BLP's overview and credit for taking the CRGAR Tax Course.
CRGAR invites everyone to participate as an Attendee, Sponsor, Golfer, and/or Raffle
Prize Donor...........!
Email to CRGAR AUGUST EVENTS to receive a detailed overview of the weekend, the documents to register your participation, and easy methods of payment. There are advance purchase options for everything from sponsorships to raffle tickets, and legal receipts for tax purposes will be available for supporters to download shortly after the events.
This year’s community beneficiaries are the CEN facility (Centro de Educacion y Nutricion) in Portegolpe, which helps local women and children with meals, pre-school activities, and day care, and Colegio Academico Playas del Coco, the public high school in Coco needing books and supplies.
Each year, in addition to helping the community, CRGAR retains a portion of the net proceeds to invest in professional programs. This year, CRGAR will fund the Costa Rica REALTOR® Credentials Project, which will involve confirming the accuracy of online postings of Costa Rica's real estate professionals, as they pertain to memberships in, and use of trademarks belonging to CRGAR and NAR.
The Costa Rica
Global Association of REALTORS® (CRGAR) offers the details of its 12th
Annual Golf Tournament and Fundraising Weekend, August 9-10, 2013. They invite you to join them for Sunset Cocktails at Pangas Beach Club (Aug 9), 18 holes of Golf at ReservaConchal (Aug 10), the Awards Luncheon at Conchal Beach Club (Aug 10), and a new
event (Aug 9) at the Diria Conference Center, preceding sunset cocktails.New this year, BLP Abogados will lead a REALTOR® Tax Seminar, with special attention to the seller's role in paying the professional services tax on real estate commissions and each agent/broker's role in acting as tax collector. Each attendee will receive a copy of BLP's overview and credit for taking the CRGAR Tax Course.
CRGAR invites everyone to participate as an Attendee, Sponsor, Golfer, and/or Raffle
Prize Donor...........! Email to CRGAR AUGUST EVENTS to receive a detailed overview of the weekend, the documents to register your participation, and easy methods of payment. There are advance purchase options for everything from sponsorships to raffle tickets, and legal receipts for tax purposes will be available for supporters to download shortly after the events.
This year’s community beneficiaries are the CEN facility (Centro de Educacion y Nutricion) in Portegolpe, which helps local women and children with meals, pre-school activities, and day care, and Colegio Academico Playas del Coco, the public high school in Coco needing books and supplies.
Why Is This Year’s, 12th Annual Fundraising
Weekend Important?
More information on the Credentials Project will be coming in the next blogpost.
We look forward to your support and attendance in August!
We look forward to your support and attendance in August!
Friday, June 7, 2013
Costa Rica Ocean View Homes - Invest for Rental Income, Retirement, or Relocation
Guanacaste's Pacific Heights Mountain - Emerging Success Story!
If your dream is to enjoy spectacular ocean views, tropical sunsets, evening stars, and the privacy of your own "spot" on one of Costa Rica's mountains, then consider Pacific Heights Mountain near Flamingo in the Guanacaste Province.
Sunset View to Flamingo, Playa Conchal
It offers view lots and homes at some of the highest available area elevations, while being just minutes from some of Costa Rica's most beautiful Pacific beaches below. For example, Playa Penca, a white-sand "Best Kept Secret Beach" in Potrero is less than a 10 minute walk from homes at lower elevations, and a 10 minute drive from others near the peak.
Since the top of this mountain was purchased by American investors in the 1970's, it has evolved into a development of over 125 residential lots (minimum size 5000sm/1.25 acres, many larger) with a private water system, roads (paved near the peak), electricity, and most recently - high-speed (fiberoptic) internet access. It is also clear that Pacific Heights Mountain is an ocean view development that has "made it". There is a growing critical mass of completed homes, assuring the ongoing value of an investment here, along with a diverse community of neighbors drawn to the beauty, peace, and amazing views. Near the peak, the width of the view of the Earth's Pacific Ocean horizon is estimated to be 100 miles!
Morning View to Flamingo, Playa Conchal - Only 1/3 of Full Ocean Panorama Near Peak
The 5 properties profiled here represent the available homes and townhomes, under $600,000 USD (one exception), on or near Pacific Heights Mountain. Follow the included links to explore them in greater detail. For more general information about each, or background on this mountain or others, email Costa Rica Ocean View Investment Info.
Casa del Suenos - $569,000
3Bed+Office, 2Bath, 2200SF, Furnished, Infinity Pool
Casa Isla en el Cielo - $579,000
2Bed, 1.5bath, 1Bed/1Bath Caretaker Apt, 2900SF, Furnished, Infinity Pool, 2nd Gated Entrance and Large Pad for 2nd Home
Villa Linda Vista - $495,000
3Bed, 3.5Bath, 2200SF, Unfurnished, Complex with Resort Pool
Casa Altos del Pacifico - $595,000
3Bed, 3Bath, 3900SF, Partially Furnished, Infinity Pool
Villa D'Oro - $699,000
4Bed, 4Bath, 3400SF, Furnished, infinity Pool
If your dream is to enjoy spectacular ocean views, tropical sunsets, evening stars, and the privacy of your own "spot" on one of Costa Rica's mountains, then consider Pacific Heights Mountain near Flamingo in the Guanacaste Province.
Sunset View to Flamingo, Playa Conchal
It offers view lots and homes at some of the highest available area elevations, while being just minutes from some of Costa Rica's most beautiful Pacific beaches below. For example, Playa Penca, a white-sand "Best Kept Secret Beach" in Potrero is less than a 10 minute walk from homes at lower elevations, and a 10 minute drive from others near the peak.
Since the top of this mountain was purchased by American investors in the 1970's, it has evolved into a development of over 125 residential lots (minimum size 5000sm/1.25 acres, many larger) with a private water system, roads (paved near the peak), electricity, and most recently - high-speed (fiberoptic) internet access. It is also clear that Pacific Heights Mountain is an ocean view development that has "made it". There is a growing critical mass of completed homes, assuring the ongoing value of an investment here, along with a diverse community of neighbors drawn to the beauty, peace, and amazing views. Near the peak, the width of the view of the Earth's Pacific Ocean horizon is estimated to be 100 miles!
Morning View to Flamingo, Playa Conchal - Only 1/3 of Full Ocean Panorama Near Peak
The 5 properties profiled here represent the available homes and townhomes, under $600,000 USD (one exception), on or near Pacific Heights Mountain. Follow the included links to explore them in greater detail. For more general information about each, or background on this mountain or others, email Costa Rica Ocean View Investment Info.
Casa del Suenos - $569,000
3Bed+Office, 2Bath, 2200SF, Furnished, Infinity Pool
Casa Isla en el Cielo - $579,000
2Bed, 1.5bath, 1Bed/1Bath Caretaker Apt, 2900SF, Furnished, Infinity Pool, 2nd Gated Entrance and Large Pad for 2nd Home
Villa Linda Vista - $495,000
3Bed, 3.5Bath, 2200SF, Unfurnished, Complex with Resort Pool
Casa Altos del Pacifico - $595,000
3Bed, 3Bath, 3900SF, Partially Furnished, Infinity Pool
Villa D'Oro - $699,000
4Bed, 4Bath, 3400SF, Furnished, infinity Pool
Tuesday, May 7, 2013
Costa Rica Real Estate - Right Now!
The Costa Rica real estate market is coming back from the depths of the world financial crisis, and the opportunity for you to get involved will never be brighter. Costa Rica's appeal as a destination for vacation, investment, retirement, and a change of life has never wavered, while the real estate market suffered from a lack of foreign investors during the worldwide downturn. Now, while availability is still strong and prices have only started to climb again, is the best time for you to dust off plans for grabbing a retirement location, a second home investment, or a vacation rental income generator.
Consider this taking your 2013 summer vacation in Costa Rica to see for yourself. We can help with planning your trip: crresinfo@gmail.com
You should know:
Costa Rica is a low tax environment - Property taxes are 1/4 of 1% of value per year in 99.9% of the country.
Costa Rica supports investor rights - Foreigners can own 100% of property or corporation assets with no local participation or approval.
Costa Rica welcomes new residents - Residency can be most easily established with a $200,000 property investment or as a foreign retiree.
Costa Rica was recently named one of the "Happiest Places on Earth" with the greatest longevity among worldwide inhabitants.
Costa Rica consistently ties Hawaii, as one of the most popular vacation spots in the world.
As President of Costa Rica Real Estate Store, an independent agency with 3 offices on the northwest Pacific coast, and as President of the Costa Rica Global Association of REALTORS®, a NAR Bi-Lateral Partner, I am reaching out with a sample of listings that we would recommend in Costa Rica. We have been here for 9 years and can help you with all aspects of investment and ongoing property ownership in our beautiful country. All listings and images are available within a 1 hour drive of the new international airport at Liberia, Costa Rica (LIR) - the 2nd gateway in Costa Rica.
You may receive a free, PDF-version of the brochure by email request to crresinfo@gmail.com. Smaller versions of the slides are included here to show what you will receive:
Sunny day rainbows are a common occurrence with a passing shower in Green Season:
Guanacaste province surrounds the northwest Pacific coast, offering sunsets from ocean view properties:
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