Costa Rica
Costa Rica had a considerable headstart over Panama in tourism and rode a boom for several years, without even trying to market itself. In the beach areas, prices escalated and since mid-2008 the American and Canadian buyers have slowed their purchasing considerably.
Now the discerning buyer can choose from the highest-quality projects in Costa Rica and negotiate prices, whereas previously this was nearly impossible.
The cost of development land has stopped moving up and we have two very attractively priced properties to offer a small- or mid-sized developer. One is a 1,300 meter square gem with terrific ocean views in the popular town of Tamarindo, just 4 minutes walk (or 1 block) from the best beach. The other is over one acre about 280 meters from an excellent beach in Puntarenas, a 'turnaround' town and the Pacific port for cruise ships docking in Costa Rica. This land is already approved for a 19-story tower, and its value is greatly enhanced because the city granted a solution to disposing of the treated waste water from this tower: the rights to water a nearby highway median strip.
This tower will have staggering views of the Pacific Ocean and Gulf of Nicoya. It is just a few blocks from the major hospital in the region, and the Hilton recently opened a Double Tree Resort just up the street. And with the new highway finally being built, it will be the closest beach to the capital and the international airport, just under an hour of easy driving.
I also have, for investors seeking an extremely opportunistic collaboration, I have two excellent, top-caliber projects that require a cash injection of $2 million to $3 million. These are well-located projects with signed sales contracts and deposits from customers already in escrow at Stewart Title. They have PERMITS, unencumbered title and full ownership of their land, and will be tremendously profitable once they have cash flow to proceed with construction. Their only problem is that Costa Rican banks have eseentially frozen all construction lending. Many of their customers are obligated to send substantial progress payments once construction resumes.
I'd like to establish a working relationship with you now, and acquaint you with the purchase or partnership opportunities that have become so attractive in Costa Rica.
Ives Brant, MBA
+1.203.653.2339
cell +506.88.86.2800
