The high prices of properties being recorded in parts of the country are scaring away foreign investment and limiting the recovery of those most affected by the 2008 crisis.
The question posed by foreign investors to Realtors: "'Why invest in Costa Rica when the price of the property is the same or higher as in New York but with less quality services?", is proof that the real estate bubble remains as active as before the crisis of 2008.
Costa Rica-based real-estate developer the Zeta Group has completed construction of its US$100 million Jacó Bay Ramada condominium project on Costa Rica's Pacific Coast.
The project consists of 266 condominiums, a hotel and a shopping area. Zeta has already sold 100 of the condominiums and the new owners will be able to begin to move in from next month. Work on Jacó Bay Ramada began in June of last year on a 3.5-hectare site.
Real Estate Development & Adventure Park Jacó, Costa Rica. Multiple Investment Opportunities Available. The Ocean Ranch eco-residential development is located...