I had not been to Jaco in a while - with said, a while back I wrote about how wild Jaco is and how I predicted that the desire for tourist bucks will change it. Needless to say, I spend some time checking out the ‘new’ Jaco a few weeks ago. Those that experienced Jaco years ago had warnings about the lawless of the town. Druggies, prostitution, pickpockets etc, pretty much ran it. … [Read more...]
Up until quite recently in Costa Rica, the proposition of saving both money and the Earth with photovoltaic solar systems has stood on some pretty shaky ground. But that is changing. Nowadays, more and more Costa Ricans and expats are installing stand-alone or autonomous photovoltaic systems in the country's remotest regions and have made it possible for people to live well where ordinarily … [Read more...]
In the last couple of weeks one of our accounts has been having a hard time logging into their server. So after they rebooted the router a few times and then cleaned the ends of the cables the problem still existed. For a while it was driving me a bit crazy why this was happening until suddenly that light bulb clicked on; I remembered the article I wrote back in April, 2010, Net Neutrality For … [Read more...]
Guanacaste has posted some great numbers in 2011 however things still seem to be slow in talking with many hoteliers, restaurateurs and retailers. Our real estate friends in Guanacaste are positive and things seem to be picking up a bit, but our friends in Atenas are talking about a slump. Their situations were completely reversed a year ago. Many other factors on the table are very positive for … [Read more...]
Everyone comes to Costa Rica with a dream. The dream can be the lazy, sand swept beach life with a margarita in hand, or a jungle getaway, a pair of rockers on a balcony with views of the Central Valley. My dream was to have both, and truly enjoy this Costa Rica paradise and to discover what living in Costa Rica was all about. Having 16 years experience in residential Historic Restorations, … [Read more...]
In 2004 my family and I decided to make our first trip to Costa Rica as a “research” mission to see if the Central America country would be a good candidate to purchase a vacation and/or retirement home. I had met Gerardo Gonzalez-Porras back in the Florida (part owner of Pure Life Development), and being Tico he had told many stories about but would never embellish too much, wanting … [Read more...]
Costa Rica Real Estate has seen a lot of downs and ups and downs in my 7 years in Guanacaste. A prime example are the surf side lots in Potrero. When I arrived they were giving the things away for as low as $7,000 dollars apiece. About a year or so in to my sojourn here the lots started a fantastic spiral along with all of the tourism and vacation style property in the area. Fueled by the equity … [Read more...]
If you love historical redevelopment, it is so easy to see how Limon would be the perfect candidate, and at the same time become a world-class port bringing in billions to Costa Rica. Its shipyards with historical railroad equipment, the downtown look of Caribbean/New Orleans, with its Victorian homes flaunting long balconies and colorful façades add old-world charm . And not counting a gateway … [Read more...]
Yesterday morning, the Internet was flooded with the Press Release FROM the developer of a Jacó condo and hotel project suing its lenders, seeking arbitration on $120 million that has caused what it claims was a successful project on the verge of falling apart. No doubt the $120 million was an eye-opener of what is at stake. The developer, Desarrollos Naturales de Costa Rica S.A., named … [Read more...]
Costa Rica is nowhere different than any other country when it comes to real estate. In the early 2000s the hype of the countries cheap property, relaxing and eco-friendly environments sparked a real estate boom. And like the U.S, when the market busted several year ago, it threw many investors and home buyers into a world of financial ruin. Investments vanished when buyers gave huge sum’s to … [Read more...]
My first time in Jaco (about 20 years ago) it was a sleepy and traditional Costa Rican town that did not even have a stop light. Three years ago the skyline was filled with high-rise construction on the feeding frenzy of developers and speculators investing in property. However, that has changed, most investors are doing damage-control, regrouping and wondering how to deal in the slump of the real … [Read more...]
With China investing heavily in Costa Rica in the last few years, it appears that the Middle East country of Qatar may be taking an investment interest in Costa Rica also. The ruler of Qatar, Sheikh Hamad bin Khalifa Al Thani, is now in Costa Rica and staying at, The Four Seasons on the Papagayo peninsula. The hotel's ownership is heavily Saudi Arabian and it is the place for those with … [Read more...]
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