Real Estate Investment in Guanacaste

The development boom experienced by this tourism province in Costa Rica before the financial crisis has been replaced by “deceleration and prudence”.

Friday, February 5, 2010

“Imagine a car in a six-lane road travelling at 120 kilometers per hour. Suddenly, if finds itself in a gravel road, full of street holes, and the car must slow down to 20 kilometers per hour if it intends to stay apiece”.

This is how Ana Cristina Camacho Sandoval pictures the current situation of Guanacaste’s tourism real estate industry, a province that receives the wealthiest tourists. In an article in Elfinancierocr.com, she details the status of some of the top real estate projects in the area.



More on this topic

The Monte del Barco Project in Costa Rica

December 2011

The crisis of 2008 halted the development of the ambitious project in the Gulf of Papagayo tourist hub, and solutions are being sought to maintain it.

The project is owned by Monte del Barco Real Estate Fund, administered by Aldesa Investment Funds.

There is need to resolve the financial situation of the project in order to continue with its development, so solutions have emerged such as the purchase of lots by the same investors in the Fund, which so far has not been successful, and the transfer of part the land to a group of providers in exchange for building the basic infrastructure so as to enable the project to continue.

Costa Rica: Monte del Barco Project Selling Lots

January 2011

The real estate developer of tourism projects expects to raise $ 10 million in order to fund construction works in 2011.

Lanzo Luconi, director of Aldesa Investment Fund, the concessionary of the project, said that they still have not defined how many acres will go on sale, as well as the size of the lots.

Realtors Attempt to Halt Lot Overpricing in Costa Rica

May 2010

In the province of Guanacaste, many real estate properties are being offered at much higher prices than their market value, in stark contrast with the sector’s depressed reality.

Attempting to put a stop to this practice, the Costa Rican Realtors Chamber (CCBR) has issued new internal regulations among its associates.

Less Investors, But More Active Ones

January 2010

In Costa Rica, investment funds grew 16% in 2009, in spite of losing almost 10% of their investors.

During the past financial crisis, the Costa Rican market turned out to be more stable than international markets, making it a relatively safer place for storing capital. Because of this, assets managed by investment funds grew to $2.48 billion.

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