Comments on: Costa Rica’s Real Estate Development Climate http://www.costaricaviews.com/costa-ricas-real-estate-development-climate/ Thu, 10 Mar 2011 23:38:50 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Bret G. Dudl http://www.costaricaviews.com/costa-ricas-real-estate-development-climate/comment-page-1/#comment-38 Bret G. Dudl Tue, 24 Feb 2009 22:05:04 +0000 http://costaricaviews.com/?p=35#comment-38 That is the multi-million dollar question! "What is the major difference between the North and the South." There are many differences from rainfall, flora, rivers, color of beaches and so forth. But for real estate purposes, it comes down to one thing; Access. Said another way, an international airport and highway infrastructure system. If you look at what happened to development, and subsequently real estate prices in the north after the Liberia international airport became operational about 10 years ago, the surrounding real estate grew in value approximately 3,000%!!! Very succinctly, you can say that the south is about 10 years behind the north. With the Costa Rican Government spending $200 million on the highway infrastructure in the region, and $1 billion on the airport in Sierpe, on the Osa Peninsula, it's not hard to imagine that property values are poised for a serious boom. Bret Dudl That is the multi-million dollar question! “What is the major difference between the North and the South.” There are many differences from rainfall, flora, rivers, color of beaches and so forth. But for real estate purposes, it comes down to one thing; Access. Said another way, an international airport and highway infrastructure system.

If you look at what happened to development, and subsequently real estate prices in the north after the Liberia international airport became operational about 10 years ago, the surrounding real estate grew in value approximately 3,000%!!!

Very succinctly, you can say that the south is about 10 years behind the north. With the Costa Rican Government spending $200 million on the highway infrastructure in the region, and $1 billion on the airport in Sierpe, on the Osa Peninsula, it’s not hard to imagine that property values are poised for a serious boom.

Bret Dudl

]]> By: Bret G. Dudl http://www.costaricaviews.com/costa-ricas-real-estate-development-climate/comment-page-1/#comment-13 Bret G. Dudl Tue, 17 Feb 2009 16:30:50 +0000 http://costaricaviews.com/?p=35#comment-13 Brian, While real estate is slowing in general, we've found Southern Costa Rica isn't feeling the downturn nearly as much as the rest of Costa Rica. The Southern region didn't see the runaway appreciation like the north, thus there isn't much of a 'bubble' to burst in that region. As such, we think that Costa Rica's real estate inventory is demonstrating resiliency compared to the Northern areas and the US market. Bret Brian,
While real estate is slowing in general, we’ve found Southern Costa Rica isn’t feeling the downturn nearly as much as the rest of Costa Rica. The Southern region didn’t see the runaway appreciation like the north, thus there isn’t much of a ‘bubble’ to burst in that region. As such, we think that Costa Rica’s real estate inventory is demonstrating resiliency compared to the Northern areas and the US market.

Bret

]]> By: Brian Requarth http://www.costaricaviews.com/costa-ricas-real-estate-development-climate/comment-page-1/#comment-9 Brian Requarth Mon, 16 Feb 2009 02:02:43 +0000 http://costaricaviews.com/?p=35#comment-9 Bret, How is the worldwide economic slowdown affecting the Costa Rica real estate market on the Pacific coast? Is there a lot more inventory? Bret,
How is the worldwide economic slowdown affecting the Costa Rica real estate market on the Pacific coast? Is there a lot more inventory?

]]> By: Move, Live, Travel, Reside, Retire in Costa Rica » Costa Rica's Real Estate Development Climate | costaricaviews.com http://www.costaricaviews.com/costa-ricas-real-estate-development-climate/comment-page-1/#comment-3 Move, Live, Travel, Reside, Retire in Costa Rica » Costa Rica's Real Estate Development Climate | costaricaviews.com Sat, 07 Feb 2009 11:06:15 +0000 http://costaricaviews.com/?p=35#comment-3 [...] See the original post: Costa Rica's Real Estate Development Climate | costaricaviews.com [...] [...] See the original post: Costa Rica's Real Estate Development Climate | costaricaviews.com [...]

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