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PostPosted: Sat Apr 16, 2005 1:35 pm 
Ticas ask me for advice!
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Gringotim,

They are 2 different projects, I have heard the rumors too about Manuel Antonio.

As for Los Suenos, over-priced or not, they are selling fast and rising in value. One of my best friends bought there in the Del Mar 2 years ago for about $280,000 he rents it out for$550 a day and just got offered $550,000 for it.


Last edited by Jsmythe23 on Sun Apr 17, 2005 8:43 am, edited 1 time in total.

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PostPosted: Sat Apr 16, 2005 1:44 pm 
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No--I'm referring to a luxury marina being built in the town of Quepos. On my last trip in December I met with a realtor from Century21 in Quepos who showed me a couple of properties and she mentioned the marina but in no great detail.


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PostPosted: Sat Apr 16, 2005 1:54 pm 
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Joined: Sat Mar 26, 2005 5:12 pm
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Location: Tejas
There seem to be rumours floating all around about "Big" new, expensive marinas being built all over Costa Rica. While in Golfito, there existed a story that some developer from Florida was going to build a huge new marina there. Now, if you have been to Golfito, you will understand that it wouldn't be on the top of my list to build a major marina. Anyway, a bunch of gringos bought houses there, and the prices went up drastically. Someone made some money on the deal.


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PostPosted: Sat Apr 16, 2005 2:44 pm 
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All these areas have their pros and cons. In my opinion, Samara and Nosara are now way too pricey in general compared to other beach areas. Malpais not too far from there is the next step, but also being bid up daily by rich gringos who want to live near each other. Further down the Nicoya peninsula you have more remote beaches like "Montezuma" and Playa Tambor to pursue.

Jaco is popular and lots of night life...but not a great beach in my opinion. South of there between Playa Hermosa and Parrita have some large new developements going up fast...as well as the prices.

I have heard from 2 good sources about the marina going into Quepos in the next year or so, which will make properties there go further up in value. The town is somewhat of a pit though in my opinion and the beach not that great until you get out to Manuel Antonio.

I have gotten involved in a development 45 minutes north of Liberia airport towards the Nicaraguan border. This area is still remote, but is quickly coming to developers attentions...and land for $25 per meter on the beach...which is a bargain in Guanacaste these days.

For quiet remote and more Caribbean flavor, it has been well documented that I like the south Caribbean beaches from Cocles to Punta Uva to Manzanilla...all south of Puerto Viejo.

For REAL remote, check out Tortugero area and Osa Peninsula in the South west corner of Costa Rica.

Wherever you go, just be wary, have good local resources in your corner, and take your time in knowing the market and who is selling to you.

Good luck...

Oh...and I concur with others on Nicaragua. Too messy and chancy at this time for MY money. Stay with CR and Panama at this point until political messes in Nicaragua smooth out.


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PostPosted: Sat Apr 16, 2005 3:02 pm 
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TMan wrote:
Quote:
I have heard from 2 good sources about the marina going into Quepos in the next year or so, which will make properties there go further up in value


I know you have a good network in CR and usually have great info so I hope you correct on a marina going in Quepos.

That being said everything I hear is that under the current administration it is almost impossible to get a marina built. The sad story of the problems in Flamingo with the marina are well documented.

On the other hand there is the marina at Los Suenos, not sure but think that may have been approved in a previous administration or perhaps a very deep pocket developer.

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PostPosted: Sun Apr 17, 2005 7:57 am 
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The beach on the Southern part of the Pacific coast is mostly undiscovered and undeveloped at the moment. Be sure to visit there.

There is always someone needing to unload some property at a good price, even in developed areas if you keep your eyes open.

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PostPosted: Sun Apr 17, 2005 10:15 am 
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This was copied from a Nicaragua discussion group on Yahoo and posted here for info,
Quote:
From my 14 years experience on the Atlantic Coast of Nicaragua; I
can not strongly advise you enough to be very careful in buying land
on this Atlantic Coast. Several "Gringo Floaters" and several
badboy lawyers are in "cahoots" in Bluefields and engaged in selling
lands which are actually community lands granted under the various
"Laws of Autonomy" in the mid 1980s to the late 1980s. The
community lands can never be sold and belong to the collective
native people. These lands also include "Islands" and "Cays" which
the "Floating Gringos" are trying to sell. No valid title can ever
be granted to a "buyer" (term used loosely) of these lands.

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PostPosted: Sun Apr 17, 2005 12:38 pm 
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One consideration of the Quepos/Parrita area is that it is the epicenter for eathquake type activity. A friend that is a project manager in a new developement in Parrita said that she sustained a lot of damage last year in the 6.4 quake that they had...for what it's worth


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PostPosted: Mon Apr 18, 2005 1:24 am 
Just Learning The Gulch!

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Another consideration for anyone with a boat is the, in my opinion, strange rules regarding boat stays in C.R. There is a 6 month limit for a stay, after which the boat must then leave or go into bond. While in bond you can't take it out. This seems very stupid to me. I would think any country would want a yacht and the $$ that comes with it to stay for long periods. Now, a boat in Los Suenos has a 2 year window to stay, not the normal time for any other area. I was told a few well placed bribes by those with some real money got this special deal.

Anyway, some food for thought if you have a boat in C.R.


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PostPosted: Mon Apr 18, 2005 4:59 am 
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In my observations, the price of Real Estate here has, in many areas far exceded the percieved value that most well informed investors would consider a smart purchase. On the other hand, there are areas that are well bellow the over priced places that seem to be so popular these days. Buy low, sit on it for awhile and sell higher. "Flipping" properties is hard enough in the USA for a profit, much less in Costa Rica. So, I would say be prepared to sit on it for a bit, much like any investment and then make your move. Fast money in Real Estate is a hard thing to get, so just be prepared to wait.


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PostPosted: Mon Apr 18, 2005 6:43 am 
Not a Newbie I just don't post much!

Joined: Tue Sep 02, 2003 7:29 am
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Location: Great White North
The Quepos Marina is the real deal. Jason, the owner of the DHR Century 21 franchise, has a couple "heavy hitters" lined up ( a cabal between Hollywood and TX investors) to purchase all the land from the old disco (Marisco's ?) up to the road to MA. Securing CR concessions and fine tuning the development plan have been slow (isn't everything in CR?).

The former owner of DHR Realty, Jaime, is heavily involved in the Golfito Marina project, and is being financed by some heavy Miami/Carribean investors. Again, the concessions and regulador processes are slowing this endeavor.

By the way, the costal highway from Quepos to Dominical has been underway for about 2 years now. I anticipate completion around 2015.


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PostPosted: Tue Apr 26, 2005 4:24 pm 
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For anyone who was thinking that Nicaragua is the place beware. This article reinforces some of the warning in this thread about Nicaragua. It is not, at least at this time, a very stable country and I do not think it is a wise investment situation.
Quote:
Mortars, stones injure his son
Street rioters attack President Bolaños in Nicaragua
Special to A.M. Costa Rica
(posted at 1:30 p.m.)
Protesters attacked President Enrique Bolaños and his staff Tuesday with stones, water bags and homemade mortars when the chief executive left Casa Presidencial in an effort to speak to those in the street demonstration.

The president was not hurt but his son, also Enrique Bolaños, was hospitalized.

The protestors were in a massive march ostensibly against a rise in bus fares, but the crisis has become one against the current administration. Officials in the Bolaños administration say the street protests are encouraged by the Frente Sandinista opposition.

Protesters Tuesday told Bolaños to leave office.

The attack took place not far from Casa Presidencial.

Earlier story below.

_________________________

Special to A.M. Costa Rica

MANAGUA, Nicaragua — Four police officers were injured and more than 40 persons were arrested in efforts to contain violence in student protests over increases in bus fares here. More seems to be likely for today with the announcement that a massive march would take place.

Some observers said that the Nicaraguan president might declare a state of emergency. The protests are at least encouraged by his political opponents.

Amongst the injured was Gabriel Sanchez, a 28-year-old police officer who lost his eye when a homemade mortar shell exploded close to his face, and Francisco Solorzano, a member of the police anti-riot squad who was hit in the chest by a "morterazo" blast.

Although the protests were generally limited to public university transportation centers and the area in front of the Managua city hall, transportation in the entire capital was chaotic as police diverted vehicles from the center of Managua. No protests were seen outside of Managua. In tourist center Granada, it was business as usual.

A hard line against the protestors, which was announced over the weekend by the newly appointed Managua chief of police, Carlos Bendana, was evident as police officers fired tear gas and rubber bullets against the protestors. Unconfirmed stories by Sandinista controlled Radio YA, claimed that the police officers were using AK-47 military rifles and shotguns against the crowds. Radio YA is the unofficial voice of the Frente Sandinista.

During the protests of the past week the students used homemade mortars against the police and civilians without law enforcement retaliation. In the fighting Monday, a much more determined effort was made by special police anti-riot squads and students were forced to retreat to the campuses of the universities in the face of tear gas and constant arrests on the streets.
Early in the day four buses and three government vehicles were stopped and burned by the rioters using molotov cocktails and other incendiary devices. Public transportation virtually ground to a halt in afternoon hours as bus and taxi services retreated from the streets for fear of retribution by the students.
On the North Highway, close to the Sandino International Airport, students at UNAG University forced 30,000 Zona Franca textile employees to find alternative means of transport as public transportation was stopped and many workers were forced to return

home on foot. Television stations ran live coverage of the protests in the late afternoon as reporters dodged stones and rubber bullets to provide images of the riots.

In the live reports, announcers pleaded with the students to remain calm and stop the violence after a reporter was injured during the coverage.

Late in the evening students and various union workers represented by the Frente National de Trabajadores, a Sandinista-dominated labor organization announced the massive march to the National Assembly and the Casa Presidencial.

It is to begin at the cluster of universities located adjacent to the MetroCentro shopping Mall. No police permit had been applied for by last night to authorize the march.

At 3 p.m. the Nicaraguan government called an emergency press conference to address the growing crisis. In the conference, Lindolfo Monjarrez, presidential press secretary, directly blamed the Frente Sandinista and in particular its leader, Daniel Ortega, for instigating the violence.

Monjarrez also blamed Dionisio Marenco, the newly elected Sandinista mayor of Managua for providing material aid and assistance to the protestors, up to and including the use of city vehicles and equipment. Earlier in the day Marenco and the Nicaraguan Association of Mayors (AMUNIC) had called for the resignation of President Enrique Bolaños for his alleged incapacity in resolving the riots in Managua and his lack of concern for the students and citizens of Managua.

Surprisingly, Bolaños did not appear at the press conference, and no personal comments have been made by the Nicaraguan president. It is an open topic of discussion that the government is contemplating a declaration of national emergency and a call for military intervention by the Nicaraguan army to stop the crisis.

In the event a state of emergency is called by Bolaños, it is widely speculated that he would attempt to dissolve or restrict the authority of the legislative and judicial branches of the government. The Supreme Court and the National Assembly have been in constant opposition to the Bolaños government for the last two years.

For example, the National Assembly recently enacted reforms to the Nicaraguan Constitution restricting presidential power and cutting by 50 per cent all of the salaries of the Presidency, including the personal presidential staff and the salary of the sitting president, as well as the salaries of all of the cabinet ministers appointed by Bolaños.


Go home HERE! Go to second newspage HERE!
Go to third newspage HERE!

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Only Irish coffee provides in a single glass all four
essential food groups:
alcohol, caffeine, sugar and fat.
Alex Levine
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