Aug 02 2008
Developer opportunities in Costa Rica
Much has been said recently as to how the USA economy is impacting on the Costa Rica Real Estate market. One cannot ignore what is happening and how it will eventually affect us in certain quarters. REMEMBER THIS…. Costa Rica is not part of the problem but is the solution for many. This applies to retirement in Costa Rica as well as development land in Costa Rica.
For the person seeking retirement in Costa Rica, there are are still some very obvious benefits such as cost of living, climate, friendly nation, quality health care and much more. There are a host of projects ideally suited for retirement in Costa Rica all over the country. Baby Boomers are prepared and most of them not depending on the sale of a home in the USA to make the move. Costa Rica is still the number one offshore destination for Americans retiring in Costa Rica with approximately 60,000 here now.
Developer opportunities and why
USA developers are hard pressed to find places to invest these days with all the turmoil they face at present in their markets. Many have extensive experience in Retirement Communities.
Costa Rica Development is very viable. Development land is still inexpensive. Costa Rica Retirement seekers are not about to stop considering Costa Rica retirement. There is a very obvious need for full amenity Retirement Communities in Costa Rica both on the coast and inland.
Timing could not be better. If a development property were to be purchased right now, the time line for getting to sales would be approximately 2 years. That provides ample time to put together a great product, well researched and a massive high end marketing program.
By then a great number of Baby Boomers will be anxiously seeking locations offshore to retire and the USA problems will certainly be subsiding substantially.
I am seeing a lot of developer inquiry activity at the moment and suspect we are going to see some things very revolutionary happening here in the area of retirement.
One project I met with recently is one of the most polished and well planned full service concepts we have seen in the area of Costa Rica Retirement facilities. Their timing couldn’t be better in my opinion.
