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Printed in today's Inside Costa Rica:

Investment Experts Point to Costa Rica Real Estate
With the United States housing market weakening, financial gurus are advising their clients to look at the tiny Central American country of Costa Rica to earn returns on real estate investments.

Costa Rica has used its educated populace and unparalleled beauty to attract investors and end-users when retirement portfolios are not deep enough to sustain a desired lifestyle in popular destinations like Florida and California.

Once raw and undeveloped, Costa Rica is quickly becoming a popular destination for people of all backgrounds to invest, live, and retire. American retirees continue to seek a peaceful address without ultra-high prices, and investors find Costa Rica real estate as a great investment vehicle in addition to being a fun destination to spend free time.

Large commercial real estate brokers in the United States are masterminding investment strategies for their clients with Costa Rica in mind.

The province of Guanacaste, in the northwest corner of Costa Rica’s pacific coast, already boasts a flagship Four Seasons Resort Hotel and has plans for a J.W. Marriot as well.

“The presence of major players like the Four Seasons and J.W. Marriot indicates that clearly the area is exploding, and anyone in position to get in the game at the development level, should take a serious look at this area” said Brad Markin, land owner and co-founder of EstateRealty.com.

Although Costa Rica may be considered rural by many people’s standards, the few remaining large tracts of land for sale with development potential are proving themselves to be goldmines. In summary, anyone who is building a real estate portfolio should act soon, before it’s too late.

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You ALWAYS have an option ....... "NEXT" !!!

Puntarenas next.....?


PIDD

Great story Written like a true infomercial.

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Living well is the best revenge
http://www.youtube.com/watch?v=MwUtj_YnNoY

I live in a two bedroom two bath condo with servent quarters about 1600 sq feet. To buy this place the owner wants 450,000 US. Now if I am really lucky and steal it for $300,000 that would be considered a deal or not? If I put the 300 K in a bank and got only 5% interest that would give me a return of $15,000 a year. I pay rent of $7,000. a year fully furnished with computer high speed modum pots pans dishes furniture sheets towels and utilities. I only pay electric. No condo fee. Is is cheeper to rent or buy? think about it. I save $8,000 a year to blow on ticas and can leave anytime i like.
As a realestate investor for over 40 years Costa Rica does not provide the return that the United States provides. The buys are in the US now.

Only those building developing and selling here in CR are telling what a deal it is.

Happy investing

And maybe those writing articles for Inside Costa Rica which was my reason for the remark I posted. The story mentions Investment Experts in the title, and financial gurus yet the only actual person quoted is a guy selling real estate and we know what his pitch is,- act soon, before it’s too late!
Not that things in the article may not be true but how about backing it up with some actual facts, stats and quotes from those Experts and gurus. Investors Still Skeptical? After that article- YES.

_________________

Living well is the best revenge
http://www.youtube.com/watch?v=MwUtj_YnNoY

Thanks Mucho Gusto on the report,

I got a taste of this boom during my last trip,
Some of it seems to good to be true,
The Paper version of the Tico Times is full of half page offers,

same here in Kanada, buy now, waterfront, 75% sold,
the bank took them over, no sale.

So far it gets me pondering, only. I was reminded by L.Loveme


Fiedler

The best place to put cash now is in a CD the slowdown has not yet begun. In 18 months you will be able to do some nice investing in the USA. the banks will beg you to take some properties off of their hands. It will come in CR maybe in 24 to 36 months. Sit and be patient

Later fellows

As I've stated before, there is still much money to be made in real estate here. Not the way the typical, lazy gringo wants to buy it. They don't take the time to really do some research and end up buying way inflated properties. For the price of these 300k condos in Jaco, you can damn near build a mansion. Don't believe me, next time you are in Jaco, I'll show you a couple of places built by friends and you do the comparison.

One week ago I returned from 2 week trip # 15 to CR. This trip I drove out to Playa Samara for a few days and then up to Tamarindo and then further north to Playa Flamingo. Costa Rica roads are what they are, but the worst have to be in the Tamarindo area. I can see that most of the real estate profit is being made by gringos' in this area. If it were Ticos, I think you would see a little more paving being done. It appears that much of the overpriced developement is being purchased by refugees from the over priced California and similar real estate valued places. What I see happening in CR is equal to what was also done in the Western areas of Montana and northern Idaho. Locals and regular folk are priced out of the market.

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My life is not a journey to the grave with the intention of arriving in a pretty and well preserved body, but rather to skid in sideways, totally worn out and loudly proclaiming...." MAN....WHAT A RIDE!!!!"

Can't agree more. Most ticos can't touch those finca or condo.

BTW the main road from Samara to Carillo is rather well kept

I wish more tourists would think like you, then I may have a better chance to get a lot on the hill down south with that killer ocean view .

It is just YMMV, but I agree with you 100%. I keep saying, if the USA is slow, CR has to be going in reverse (YMMV).

*

As with any market, timing and location is a key part of the decision making process. If you're willing to put in your time, you can ALWAYS find good deals in the real estate market, whether it's California, New York or Missouri!

IMHO, it's the same in CR. Granted, there are several markets throughout the country that are saturated with anxious sellers and self-proclaimed realtors. But, if you can get past all the bullsh*t, you can land yourself a sweet deal. If you're willing (and have the means) to invest plenty of TIME, (IN COUNTRY, NOT ON THE COMPUTER) to do your homework, you can find what you're looking for. But, as always, YMMV.

Buena Suerte,
MG

_________________
You ALWAYS have an option ....... "NEXT" !!!

I agree MG, there are deals to be found in any market if you get in the trenches and search hard.

Does anyone have comment or current info on the monetary policy with the colone, the decision to let it float and the impact this will have on real estate values? I've heard this situation has caused big investors to back off in fear of the colone making a rapid drop of possibly 10-15% or more, (maybe in one day). I'm assuming this could happen if/when they let the colone "loose to face market forces."

_________________

Living well is the best revenge
http://www.youtube.com/watch?v=MwUtj_YnNoY

I wonder how many members have actually had a money making venture follow thru to completion with anything in CR? I am not talking about what something is suppose to be worth .

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"Run silent, run deep"
Spunk glazed Chicas are the building blocks of the universe!