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Las Palmas Urbanization, Playas Del Coco - Announcing a price reduction on Villa Riviera No 5, Las Palmas Urbanizacion, Playas del Coco, Costa Rica, a 764 sq. ft., 2 bath, 2 bdrm 2 story "2 Full Baths". Now  MLS® $115,000 USD - Built in 2007. Property information
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Two Apartments Available for Re-Sale
• 794 sq. ft., 2 bath, 2 bdrm 2 story "252 sq.ft Roof Terrace" - MLS® $175,000 USD - The view to die for! Vista Perfecta, Playas Del Coco - These ocean view condos have been built near the upscale Vista Marina development in Playas del Coco, Guanacaste. They have 2 bedrooms, 2 bathrooms, air conditioner and hot water heater and are located about 5 minutes from the beach. There is 633.50 square feet of living space and a 160 square feet balcony off of the upstairs bedroom. 252 sq.ft roof top terrace. The ceilings are 10ft high and there is a spectacular view of Coco Bay from the upstairs bedroom and the balcony. There are only 13 units in the development with a swimming pool and guard house/BBQ area.
Just two apartments is available for re-sale! A Bargain at this price!
We have put together a few furniture packages for the units ranging from US$19,000 to US$30,000. More info available on request. Property information
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Vista Perfecta, Playas Del Coco - Announcing a price reduction on Vista Perfecta Ocean View, Playas del Coco, Guanacaste, Costa Rica, a 794 sq. ft., 2 bath, 2 bdrm 2 story "252 sq.ft Roof Terrace". Now MLS® $175,000 USD - The view to die for!. Property information
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Absolutely bargin price!
• 2,000 sq. ft., 2 bath, 3 bdrm single story - MLS® $185,000 USD - Magnificent and stunning! Nosarita De Nicoya, Nicoya - Accommodation all on one level.
3 bedrooms with air-con, master suite with walk-in dressing room, others with fitted wardrobes etc.
2 bathrooms - 1 en-suite with spa bath and bidet, separate shower cubicle
Utility room with washing machine and tumble-dryer and sink unit, and airing cupboard, with hot water tank
Fully fitted kitchen with built-in dishwasher, microwave, and walk-in pantry, fridge freezer etc.
Dining / sitting area, with built in furniture
Outside: 3 covered terraces, large fruit garden with exotic plants and stream with 2 bridges over, and trail and walk-way with picnic area, totalling around half acre. Fruit trees and plants include citrus fruit, star fruit, pineapples, bananas, nancies yellow cherries, papyas, nampis, chillies, etc, etc.
Principal bedroom: 18' 10" x 12' 3"
Dressing room: 6´ 6" x 4' 7" (en suite)
Bathroom: 14' 0" x 6' 6" (en suite)
Bedroom 2 / study: 13' 8" x 10' 9"
Bedroom 3: 10' 9" x 10' 9"
Salon: 11' 6" x 8' 10"
Kitchen: 13' 0" x 11' 6"
Bathroom 2: 11' 0" x 6' 4" (max)
Utility Area: 25' 6" x 6' 0" (max)
Front terrace: 13' 8" x 9' 0"
Rear terrace / dining area: 20' 4" x 9' 8"
Prinicipal bedroom terrace: 18' 2" x 5' 6"
Total Area covered by roof: 2,000 square feet Property information
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Nosarita De Nicoya, Nicoya - Announcing a price reduction on Nosarita de Nicoya , Guanacaste, COSTA RICA, a 2,000 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $185,000 USD - Magnificent and stunning!. Property information
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By nicaraguanpost
Published July 16th, 2008 No previous U.S. generation has seen the world change faster and more dramatically than the 76 million Baby Boomers. If you’re one of them or in the same range, you understand that for many there exists a feeling of being in a special place and time, of seeing and experiencing a myriad of transformations that imbued many with a residing sense of adventure. That quest for adventure now is manifesting itself in the search for lifestyle options that will provide healthy returns and something different from their parents’ idea of retirement. For Boomers, it may be a desire to seek new business opportunities paired with a lifestyle shift. Or it may be reinventing themselves in a way and place that keeps them active and involved. Research indicates that Boomers will be the generation that globalizes retirement. With enhanced technology knocking down barriers to communications, people can stay in touch and work from virtually anywhere in the world. Zogby International already has coined “reverse migration” to describe the growing trend of movement from wealthier countries to emerging countries. Over 11 percent of the Americans polled by Zogby in a recent series of surveys indicated they had decided to relocate, were serious or somewhat serious about relocating, or had decided to purchase a vacation home overseas. According to the surveys, Europe was the most popular destination, with Central America ranked second. There are many Boomers who wish they had invested in Costa Rica 20 years ago when that country began its emergence. Those who did have seen condos that sold just 10 years ago now commanding prices exceeding 10 times the original sales prices. Beachfront lots that sold originally for under $100,000 now often sell for millions. Increases in value of more than 1,000 percent have not been uncommon.
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US Fears Of Recession Not Felt At Home
Costa Rica’s economy remains strong and in the short to medium term is unlikely to be affected by the economic woes hitting the United States, economists said this week.
“It (Costa Rica’s economy) remains strong despite what is happening in the US,” said Alfredo Ortuño Victory, the Director of the Central American Bank for Economic Integration (CABEI), in San José.
“Our bank is doing a very extensive research and analysis, how the sub-prime mortgage market is, or will be affecting this region, especially Costa Rica and Panama,” Mr Ortuño said.
“So far it has not affected us, that we can assess, nor will it in the immediate future.”
The assessment by CABEI was reiterated by Fernando Víquez, from Scotiabank, who described the state of the country’s economy as “unprecedented.”
“The economy is great,” he added.
“I believe the state of the economy is a matter of the direct investment from abroad in the real estate business,” Mr Víquez said. “Not only do you have building along the beaches, but you also have a lot of companies coming to the cities, that need space in which to operate.
“The pharmaceuticals, software, the intels, the intel providers; it is a strategy that has been built over ten or 15 years, to bring a cluster of foreign companies into the country.”
The bankers’ reassurances came amid a flurry of bad news from the US.
Figures released this week show the US economy barely grew in the fourth quarter of 2007, pulled down by a worsening slump in housing and heightened caution by consumers and businesses.
The US Commerce Department reported a 0.6 per cent annualized growth rate in Gross Domestic Product (GDP), yet many economists had predicted growth of up to 1.1 per cent.
In other news the Federal Reserve cut US interest rates by a hefty three quarter-percentage point on Wednesday as part of an ongoing aggressive effort to halt the sharp slowdown in an economy.
The Fed’s action takes the bellwether federal funds rate to three percent, the lowest since June 2005, and came just eight days after the central bank slashed rates by three-quarters of a point.
And consumers increased their spending at the weakest pace in six months while applications for unemployment benefits soared last week, two more signs the economy is weakening, and further fueling fears of a recession.
Recession is defined as a decline in a country’s Gross Domestic Product, or negative real economic growth, for two or more successive quarters of a year.
However, local economists point to an excess of cash throughout the world, in the past three or four years, which they say has been making its way to Costa Rica as property investments and second homes.
“I believe that in 2008 we will continue to get investors in second homes,” argues the Scotiabank’s Víquez. “Either those projects that are already under construction or those that are about to start. Costa Rica is still considered to be a good real estate investment.”
“Let us put it into perspective,” says CABEI’s Ortuño. “There is no financial institution that I am aware of that has any exposure up there.
“The sub-prime mortgage market is unlikely to affect us. One thing that one has to bare in mind is that Costa Rica kind of leap-jumped in the way it developed tourism.
(A sub-prime mortgage lender is one lending to borrowers who do not qualify for loans from mainstream lenders. By definition there is more risk attached.)
“Thirty years ago we were discovered by backpackers who put us on the map,” Mr Ortuño adds.
“What should have happened was that which happened in Mexico and in Spain, where smaller scale developments should have started. This didn’t happen, Costa Rica passed from the backpackers to the mega-projects.
“Now everyone is benchmarking with The Four Seasons Hotel (a luxury resort development in Guanacaste’s north).”
Luis Mesalles Jorba, an economist with Ecoanálisis, a group of financial consultants, agrees, saying the situation is probably not as bad as people predict.
“Most of the investment in Costa Rica is of the prime market, not the sub-prime market,” he explains. “There will be some effect on the Costa Rican economy, but the investors here are more the prime market people who don’t have to ask for credit.”
And there is Costa Rica’s inventory — it’s small. There is limited real estate, in what is a small country.
Jorge Madrigal, the director of the Economics Division for the Central Bank of Costa Rica, also points to the purchasing power of foreign investors.
“My personal perception is the majority of those investing in Costa Rica are North Americans with high taxes and a very high purchasing power,” he said. “These are probably not the types who are going to be very hard-hit by an eventual crisis in the US.”
There is a threshold, however, below which investors are using borrowed money, and they are more likely to be affected.
“I don’t know what that threshold is — $400,000, $500,000 or even a million dollars,” says Mr Mesalles. “The lower the price is within the housing market the more the effect of the US economy will be felt. The higher you go with land and housing prices, the less the effect will be felt.”
Despite the assurances, Costa Rica is far from immune to problems in the US.
Economists will continue to monitor a number of key sectors, chief among them, exports from Costa Rica; a hardening of US credit conditions, which makes money more difficult to get; the price of oil which sits at about $91 a barrel; and this country’s tourism industry.
The concerns lie in the statistics. Forty-one per cent of Costa Rica’s exports go to the US, while a big percentage of the remainder are value add-ons, going north via other Central American countries.
Direct investment from the US has dropped from 70 per cent in 2004 and 2005 to 50 per cent in 2006.
And 58% of foreign tourists are from the US.
“Less growth means less demand for Costa Rican exports,” says Mr Mesalles. “The export sector has been one of the fastest growing in Costa Rica in the past ten years.”
“We are a very small economy and intrinsically linked to the international markets,” says the Central Bank’s Madrigal. “Therefore, whatever behavior occurs in the big markets brings us repercussions.”
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Reduced $20K!
• 560 sq. ft., 1 bath, 2 bdrm 2 story "One Level" - MLS® $119,000 USD - It can not get any better Cocomarindo , Playas Del Coco - COCO MARINDO - VILLA HAIZEL
Property Details
Price : $119,000.00
Bedroom : 2
Square Feet : 52m2 or 560ft2
Bathrooms :1
Garage : Parking Space
Built : 2008
Home Features :
2 bedroom – Haizel model - Cocomarindo project
2nd floor, 1 bathroom, kitchen, living/dining room, pool, security, rancho, 560sq.ft (52m2) incl. terrace/balcony 86sq.ft (8m2), 250m from the beach, furnished*, closing – March 2008
Large terrace, AC, security box, water-heater. With the biggest swimming pool all over Guanacaste - over 250 m2
Reduced from US$139,000.00 (developer's price) to US$119,000.00 for quick sale.
Property information
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Cocomarindo , Playas Del Coco - Announcing a price reduction on CocoMarindo, Playas del Coco, Guanacaste, Costa Rica, a 560 sq. ft., 1 bath, 2 bdrm 2 story "One Level". Now MLS® $119,000 USD - It can not get any better. Property information
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For Quick Sale!
• 38,000 sq. m. single story - MLS® $1,400,000 USD - Wow!!! Monte Romo , Noja Ancha - 38 Hectares in Monte Romo
Wow!!!
In a beautiful climate nearly 3,000 feet above sea-level, with 360o views over the Gulf of Nicoya, and Isla Chirra to the east, and to the west Pacific vistas of Punta Isleta, Carrillo and Samara, and spectacular mountains in between.
38 hectares on top of the World, no, not Paradise – that’s the place for the Dearly Departed, but as ideal as you will find anywhere on this Planet.
Suitable for your own private estate, the site is ideal to include a golf course, if you are in to that sort of thing, with excellent sites for houses, a luxury hotel, etc, etc.
Mains electricity. Water is from a spring, which currently serves the cattle that graze the land. Lots of fruit and other trees, but the whole area lends itself to an integrated replanting scheme. The terrain is also ideal for growing coffee, and, because of altitude and climate (reminiscent of a good English summer) to the planting of grape vines for your own wine.
The property is situated 10 minutes from the modern small mountain town of Hoja Ancha, with excellent modern amenities, which is about 1 hour from Liberia International Airport. Good secondary roads also give quick access to the beaches of Samara / Carrillo (30 minutes), Nicoya (25 minutes), and San José (about 3 hours).
A unique “once in a lifetime” opportunity at the incredibly reasonable price of $1,400,000.
Property information
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Monte Romo , Noja Ancha - Announcing a price reduction on Monte Roma, Hojancha, Nicoya Peninsula, Costa Rica, a 38,000 sq. m. single story. Now MLS® $1,400,000 USD - Wow!!!. Property information
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For Quick Sale! • 38,000 sq. m. single story - MLS® $1,400,000 USD - Wow!!! Monte Romo , Noja Ancha - 41 Hectares in Monte Romo
Wow!!!
In a beautiful climate nearly 3,000 feet above sea-level, with 360o views over the Gulf of Nicoya, and Isla Chirra to the east, and to the west Pacific vistas of Punta Isleta, Carrillo and Samara, and spectacular mountains in between.
41 hectares on top of the World, no, not Paradise – that’s the place for the Dearly Departed, but as ideal as you will find anywhere on this Planet.
Suitable for your own private estate, the site is ideal to include a golf course, if you are in to that sort of thing, with excellent sites for houses, a luxury hotel, etc, etc.
Mains electricity. Water is from a spring, which currently serves the cattle that graze the land. Lots of fruit and other trees, but the whole area lends itself to an integrated replanting scheme. The terrain is also ideal for growing coffee, and, because of altitude and climate (reminiscent of a good English summer) to the planting of grape vines for your own wine.
The property is situated 10 minutes from the modern small mountain town of Hoja Ancha, with excellent modern amenities, which is about 1 hour from Liberia International Airport. Good secondary roads also give quick access to the beaches of Samara / Carrillo (30 minutes), Nicoya (25 minutes), and San José (about 3 hours).
A unique “once in a lifetime” opportunity at the incredibly reasonable price of $1,400,000.
Property information
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Monte Romo , Noja Ancha - Announcing a price reduction on Monte Roma, Hojancha, Nicoya Peninsula, Costa Rica, a 38,000 sq. m. single story. Now MLS® $1,400,000 USD - Wow!!!. Property information
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Brand New!
• 591 sq. ft., 1 bath, 2 bdrm 2 story "Loft Style" - MLS® $95,000 USD - Prime Location El Penon Del Sol , Ocotal - New Project in Ocotal, Playas del Coco, Guanacaste, Costa Rica.
Playa Ocotal is a small village that is 3 km south of El Coco on the northern pacific coast of Costa Rica. The beach on Playa Ocotal is one of the best places to snorkel in the area. Playa Ocotal is also one of the cleanest and quietest beaches around.
Ocotal project is very close to one of the best in the country, Ocotal Fishing and Scuba Diving Resort.
Ocotal is a five-minute drive from Playa del Coco, a small fishing and tourist village where you can find a supermarket, bank, pharmacy, restaurants, stores, bars, and nightlife. Liberia International Airport is just 25 minutes away.
Ocotal is considered the best place in Pacific coast for scuba diving (crystal clear water) and fishing is out of this world.
Property Details
Price : $80,000.00
For Sale By : Tropical Felgate
Bedroom : 2
Square Feet : 591 or 55 m2
Bathrooms : 1
Garage : Parking Space
Home Features : Loft type 2 bedroom condo, with 1 bathroom, kitchen/dining room/living room. Common pool, rancho/laundry room, parking, 24/7 security.
PRICE INCLUDES TWO A/C 9000 BTU, KITCHEN CABINETS, REFRIGERATOR, OVEN, MICROWAVE, TILE COUNTERTOPS, BATHROOM CABINETS, WATER HEATER AND ALL APPLIANCES AND UTENSILS TO MAKE THE UNIT READY TO RENT OUT Property information
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El Penon Del Sol , Ocotal - Announcing a price reduction on Loft Style Apartment, El Penon del Sol Project, Ocotal, Guanacaste, Costa Rica, a 591 sq. ft., 1 bath, 2 bdrm 2 story "Loft Style". Now MLS® $95,000 USD - Prime Location. Property information
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