Undeveloped Costa Rican areas set for property development
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News on Costa Rica
28 August 2008
Fresh property investment opportunities are being created across Costa Rica, as previously inaccessible areas are opened up.
The now reachable non-developed areas along with government investment could generate a property boom, according to the publication, Costa Rica - The Owners Manual.
A number of developments and infrastructure improvements have been earmarked for these areas and are scheduled to get underway shortly. This includes the largest full-service marina in Central America, new hospitals, an airport and roads.
An extract from the publication says: ‘The massive government approved projects underway will catapult this area on to the world stage with blistering speed. Massive, government infrastructure projects like this don't come around often. The last time we saw something similar was 10 years ago, a few miles down the coast, when property prices exploded by over 800%.’
Costa Rica, located in Central America, has long been a retiree and holiday destination amongst Americans and to an extent Canadians. Unsurprisingly, tourism is a major source of revenue, along with the services and banking industries, contributing significantly towards Costa Rica’s economy, as well as the growth of the country’s property sector.
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