We are finding are still a great number of investors looking to plant money in safe places to ride out this storm.  The logical  approach is to buy very low and be prepared to hold for as long as 2 years. This accomplishes a lot. First you capital is safe in Costa Rica Land.  Second, the Costa Rica Real Estate market will definitely show signs of recovery within a year if not before.  The Baby Boomer market is going to define a lot of Costa Rica’s future and as you are aware they are beginning to come already. Some, because they don’t want to go back to work, others because they want a better lifestyle for their income that has been reduced and other just plain like what they hear about Costa Rica Lifestyles.

The days of ever escalating land prices are gone. A new and healthier attitude by local owners has arrived. This is providing a great opportunity for developers to buy and hold.

With a lot of projects temporarily closing or gearing down until the storm passes, we are going to be suffering a loss of inventory when the Baby Boomer market hits in full force. A good strategy here is to pickup some of these properties that are being offered at pre 2005 prices and sit on it for a year.

Also, Costa Rica land is a very solid, stable investment and a good hedge against the unknown.

Here is a classic example of deal that is smack in path of progress and growth and priced right

Located just 40 minutes from San Isidro Del General downtown (also known as Perez Zeledon). San Isidro is the fastest growing metropolitan area in the country. The pacific Coast is just 45 minutes away and 3 hours southeast of San Jose along the Pan American Highway.

Here is a resume of the reasons why this property is such a good deal:

-      Priced below the market and price has been recently reduced from $650,000 to %575,000.

-      Owner financing available: owner would accept $200K down payment and one year to pay the balance at 6% interest.

-      Beautiful ocean and valley views – an excellent location in San Isidro, close to all the amenities.

-      There is abundant water – 7 creeks, one major river, numerous springs and a large waterfall. Also, the main public water supply runs along the property

-      All taxes up to date. No legal issues.