Costa Rica’s Central Pacific is abundant with gated communities, resorts, condominiums, and beach towns.
Costa Rica’s Central Pacific started the largest real estate boom in the country’s history. The boom lasted from the late 1990’s to about 2009. Now, the Central Pacific is Costa Rica’s most developed region boasting the best access, best beaches and best property values in the entire country.
Even after the economic downturn of 2008-2009, the area has continued to grow with new casinos and communities. Some have already come online — for example, Central Pacific Real Estate now offers 5,000 square meter, near-beach lots for $70,000 — and others are set to come onto the market in the near future. For example,
Central Pacific real estate sales in 2015 have trended up for few reasons.
- The proximity and easy access of the Central Pacific to San Jose has always and continues to draw property hunters.
- The real estate in the Central Pacific has stayed bearish throughout 2014 and now into 2015; high inventories are keep prices low, so you can get great value for your investment dollar.
- On 2015 increasing numbers of baby boomers are arriving on our sunny shores shopping for affordable lots and homes.
Officially, the Central Pacific extends from the port town of Puntarenas down to Manuel Antonio. In between are dozens of small villages, towns and hidden beaches just waiting to be discovered by property-hunters looking for that super-discounted deal.
Some of the best opportunities are just outside towns and major centers like Jaco Beach. Being just outside a major hub like Jaco provides easy access to all the amenities and at the same gives you the privacy and seclusion.
Another tip for finding great deals is to look for near-beach properties. Beach properties in Costa Rica offer challenges in terms of concession, bylaws and public access — not to mention they are expensive! Near-beach properties on the other hand offer none of these challenges and are dramatically less expensive. Many near-beach properties are only 10 minutes or less from the beach.
Gated communities are abundant on the Central Pacific, but many are expensive — selling lots at $250 a square meter or more. Nevertheless, there are many hidden gems if you know where to look. You can find lots, for example, in the heart of the Central Pacific that are near-beach properties in gated, secure communities, 5,000 square meter lots, for low as $14.00 a square meter.
[quote_box_right]HAVE YOU HEARD? Dominical has begun paving their first road. Read more: New Road to Pave the way in Dominical.[/quote_box_right]Many of these near-beach properties on the Central Pacific also offer tremendous investment growth as well, due to locational factors and other developments or infrastructure projects that are scheduled to come into play soon.
To find out more about Costa Rica’s Central Pacific real estate opportunities fill out the form below, and one our TCRN real estate specialists will point you in the right direction.