Jul 24 2008
Investment in Costa Rica
As the USA markets indicate heavy slow downs, we proceed with caution. We are still finding good sales activity with a low inquiry rate which suggests there is still a lot of cash out there.
We are seeing Costa Rica Real Estate sales in single family homes in the central valley, select condo projects on the coast, building lots in both areas and some major development land activity in the north, south and central Pacific.
We have a broad base of select terms we optimize for in our webs which can be very enlightening form a marketing point of view. However, with the distinct slow down in volume of inquiries, it is difficult to use that as a guide today as in the past. Our Company Costa Rica Retirement Vacation Properties with offices in many locations is a good barometer for business activity.
We are now looking very selectively at projects based on pricing, amenities and ability to finish. We expect some serious discounting in Costa
Rica Real Estate but that does not preclude risk as the reason for the discounting could very well be survival and we need to be certain in each case.
Even with the USA market conditions, there ares still 70,000,000 Baby Boomers in the US alone, not to mention Canada and Europe. Costa Rica is still the number retirement location of choice for American Baby Boomers.
A great number of the Baby Boomers are now ready to move. We anticipate this to accelerate rapidly in the beginning of 2009.
There are some real fine projects here in Costa Rica and we will be very judicious about our selection for our clients.
Our very popular Property Scouting Tour is a very good vehicle for finding the best properties for our clients simply and safely.
