[revealrealestate]

Any sense of real estate prices in past few months in Costa Rica? Are developers reducing prices? Are different regions doing better than others? Are there different types of product (simpler, cheaper perhaps?) being released?

[PuraVidas]

A couple of people I know selling real estate along the Central Pacific and Central Valley are now looking for other work. They claim that nothing is selling anymore.

[mediatica]

The major issue in CR is the complete lack of affordable financing. (Rates are around 13% at many banks). The other issue is lack of credit in the USA (which is our biggest buyer here next to Canadians). Those two things leave a lot less of a buyer pool. Our office is down 50% from last year. That is a big number. Many people leveraged their homes (2nd mortgage, HELOC) and the ability to do that now is much harder. I am happy we are selling at all! Property management is good this year--which is a plus. The buyers that are buying are looking for good deals. The 'good deals' go quickly. There are also many unrealistic people that think their places are worth more than they really are. The only people 'giving' property away are those who are desperate to get out due to their own financial situations. Not everyone is in that situation and that is what dictates the so-called 'fire sale'. Developers are also different across the board. Some are offering financing, which helps in sales. There are also many built projects that are overpriced and have sold very few units. I know of one project in particular that has sold only 3 or 23 units! On the contrary there is another project that has sold 55 of 60, so it all depends. some developers are reducing prices if they have not sold many units. That is the situation at the beach in our area of Guanacaste.

This post has been edited by mediatica: 23 February 2009 - 06:21 AM

[vicky00]

Hello, I can only congratulate them for this great opportunity to have a place to participate freely and advertise our comments and search for new alternatives in real estate business, thank you for this opportunity, I would like to share this information I found on the Web and that I have been very useful, they are good! Exclusiva. De lujo. Pintoresco. Estas son sólo algunas de las palabras que vienen a la mente al describir el Sonesta Jaco Resort situado en Playa Jaco, Costa Rica.
Jaco condominios costa rica

This will be the most spectacular development in Jaco, a gated community as safe and stylish as any four-star luxury you find in the U.S.

A massive development
Consists of three phases Sonesta Jaco Resort will cover nine main buildings. The first phase, which started in April 2007, will have six, 13-story buildings containing 190 condo hotel units. This phase is completed in late 2008 and is currently available. (In other words, now is the time to get there early!)

Jaco Beach Costa Rica
The complex will be built in three phases, which includes nine residential buildings. Phase I is under construction.

The second phase will consist of three buildings and 140 units. The third phase will include a Las Vegas-style casino. The whole complex should be complete in late 2009.
An endless list of Services
Spread over eight acres, this magnificent complex, ultimately, an opulent lobby, several pools, restaurants and extensive areas of first class entertainment and hotel services. Consider these benefits:

* Cascada vast pool
* Roof select buildings in the pool
* 400 foot lazy river pool and sun deck
* Children's Pool
* Children's playgrounds
* Full service spa and beauty thematic waters
* Resort style fitness center with personal trainer
* Lighted tennis courts with resident tennis pro
* Beach volleyball Sonesta Jaco costa ricaBeach
* Basketball
* Conference Center, 6,000 square feet
* Fine dining and casual restaurants
* Pool bar and snack bar
* Cigar Bar
* Source Observatory musical
* Live music stage
* Jogging
* Picnic Area
* Bird Refuge
* Yoga classes
* Commercial shopping
* Security 24 hours
* Services

Sonesta Jaco Resort will also have a private beach club for members only. It will have pools, bars and beachfront. Transportation will be available from the use of the beach club.

Jaco condos costa rica
A total of 330 condo hotel units will be spread over nine buildings of 13 floors.

A wonderful place
Jacó is located in the Central Pacific Coast of Costa Rica in one of the closest beaches to San José. Juan Santa Maria International Airport is a scenic 90-minute drive. Unit would soon be halved when the Caldera Highway is completed.

Jaco is a bustling city with an endless variety of activities that everyone can enjoy. From Sonesta Jaco Resort is minutes to the best entertainment, restaurants and shopping of Jaco.

It borders the Caribbean Sea (east) and North Pacific Ocean (west), with a total of 802 miles from shore.

It takes two to seven hours to fly to Costa Rica from most U.S. cities. Costa Rica wins popularity among North American travelers, more flights will be available in San Jose Juan Santamaria International Airport.

Pacific coast of Costa Rica Real Estate

In addition, Delta, American, U.S. Airways, United and Continental have regular nonstop commercial flights from the international airport in San Jose for their hubs in Atlanta, Miami, Charlotte, Dallas, Los Angeles, Phoenix, Chicago and Houston. Great investment opportunity at Costa Rica Pacific Coast, costarica real estate,
Retirement in Costa Rica, costa rica condominiums,
retirement in costa rica, costa rica condominiums, costarica real estate. Visit us for more info at: http://www.Costa-RicaRealEstate.com

[jdocop]

Gee, Miss Vicky. Did you find all of that all by yourself? Did you not notice that this is a thread for discussion about real estate trends in Costa Rica, and NOT for sales pitches? Please put future sales pitches down where they belong, and leave areas like this for people to exchange ideas without being subjected to sales pitches.

[newman]

vicky00, on Feb 24 2009, 02:51 PM, said:

Hello, I can only congratulate them for this great opportunity to have a place to participate freely and advertise our comments and search for new alternatives in real estate business, thank you for this opportunity, I would like to share this information I found on the Web and that I have been very useful, they are good! Exclusiva. De lujo. Pintoresco. Estas son sólo algunas de las palabras que vienen a la mente al describir el Sonesta Jaco Resort situado en Playa Jaco, Costa Rica.
Jaco condominios costa rica

This will be the most spectacular development in Jaco, a gated community as safe and stylish as any four-star luxury you find in the U.S.

A massive development
Consists of three phases Sonesta Jaco Resort will cover nine main buildings. The first phase, which started in April 2007, will have six, 13-story buildings containing 190 condo hotel units. This phase is completed in late 2008 and is currently available. (In other words, now is the time to get there early!)

Jaco Beach Costa Rica
The complex will be built in three phases, which includes nine residential buildings. Phase I is under construction.

The second phase will consist of three buildings and 140 units. The third phase will include a Las Vegas-style casino. The whole complex should be complete in late 2009.
An endless list of Services
Spread over eight acres, this magnificent complex, ultimately, an opulent lobby, several pools, restaurants and extensive areas of first class entertainment and hotel services. Consider these benefits:

* Cascada vast pool
* Roof select buildings in the pool
* 400 foot lazy river pool and sun deck
* Children's Pool
* Children's playgrounds
* Full service spa and beauty thematic waters
* Resort style fitness center with personal trainer
* Lighted tennis courts with resident tennis pro
* Beach volleyball Sonesta Jaco costa ricaBeach
* Basketball
* Conference Center, 6,000 square feet
* Fine dining and casual restaurants
* Pool bar and snack bar
* Cigar Bar
* Source Observatory musical
* Live music stage
* Jogging
* Picnic Area
* Bird Refuge
* Yoga classes
* Commercial shopping
* Security 24 hours
* Services

Sonesta Jaco Resort will also have a private beach club for members only. It will have pools, bars and beachfront. Transportation will be available from the use of the beach club.

Jaco condos costa rica
A total of 330 condo hotel units will be spread over nine buildings of 13 floors.

A wonderful place
Jacó is located in the Central Pacific Coast of Costa Rica in one of the closest beaches to San José. Juan Santa Maria International Airport is a scenic 90-minute drive. Unit would soon be halved when the Caldera Highway is completed.

Jaco is a bustling city with an endless variety of activities that everyone can enjoy. From Sonesta Jaco Resort is minutes to the best entertainment, restaurants and shopping of Jaco.

It borders the Caribbean Sea (east) and North Pacific Ocean (west), with a total of 802 miles from shore.

It takes two to seven hours to fly to Costa Rica from most U.S. cities. Costa Rica wins popularity among North American travelers, more flights will be available in San Jose Juan Santamaria International Airport.

Pacific coast of Costa Rica Real Estate

In addition, Delta, American, U.S. Airways, United and Continental have regular nonstop commercial flights from the international airport in San Jose for their hubs in Atlanta, Miami, Charlotte, Dallas, Los Angeles, Phoenix, Chicago and Houston. Great investment opportunity at Costa Rica Pacific Coast, costarica real estate,
Retirement in Costa Rica, costa rica condominiums,
retirement in costa rica, costa rica condominiums, costarica real estate. Visit us for more info at: http://www.Costa-RicaRealEstate.com

More gorp for the mill!!

[Epicatt2]

newman, on Feb 25 2009, 10:10 AM, said:

More gorp for the mill!!

Newman, and others...

Not sure what the problem is here. The Forum, "Real Estate in Costa Rica", was set up for this sort of post/discussion. As such, yesterday's post to this topic was appropriate to this Forum. (Might do to read the description provided for this particular Forum.)

If a member does not care for a post perhaps it is wiser to just scroll past it. No one is forcing members to read posts they do not care for.

Let me also remind the membership, in passing, that attacks on other members are not permitted.

Regards,

Paul / Moderator
==

[MiamiDavid]

Epicatt2, on Feb 25 2009, 09:55 AM, said:

Newman, and others...

Not sure what the problem is here. The Forum, "Real Estate in Costa Rica", was set up for this sort of post/discussion. As such, yesterday's post to this topic was appropriate to this Forum. (Might do to read the description provided for this particular Forum.)

If a member does not care for a post perhaps it is wiser to just scroll past it. No one is forcing members to read posts they do not care for.

Let me also remind the membership, in passing, that attacks on other members are not permitted.

Regards,

Paul / Moderator
==

So "Any Property For Sale or Wanted - Including rentals or other items " is not the appropriate place for sales pitches?

I read the description of this forum carefully.

To me her post does not look like discussion at all.


PS: this is not an attack


http://dictionary.re...m/browse/attack

at⋅tack
   /əˈtæk/ Show Spelled Pronunciation [uh-tak] Show IPA
–verb (used with object)
1. to set upon in a forceful, violent, hostile, or aggressive way, with or without a weapon; begin fighting with: He attacked him with his bare hands.
2. to begin hostilities against; start an offensive against: to attack the enemy.
3. to blame or abuse violently or bitterly.
4. to direct unfavorable criticism against; criticize severely; argue with strongly: He attacked his opponent's statement.
5. to try to destroy, esp. with verbal abuse: to attack the mayor's reputation.

[costaricafinca]

Personally, I think both these forums, 'Any Property For Sale or Wanted - Including rentals or other items' and 'Real Estate in Costa Rica' should be combined.

[MiamiDavid]

costaricafinca, on Feb 25 2009, 12:08 PM, said:

Personally, I think both these forums, 'Any Property For Sale or Wanted - Including rentals or other items' and 'Real Estate in Costa Rica' should be combined.

Seconded

[Epicatt2]

MiamiDavid, on Feb 25 2009, 12:06 PM, said:

So "Any Property For Sale or Wanted - Including rentals or other items " is not the appropriate place for sales pitches?

I read the description of this forum carefully.

To me her post does not look like discussion at all.

It's a commercial announcement, which is not permitted in the other RE category, so it would go here.

The suggestion was made to combine these two similar Forums. I'll pass that along to the honchos.

Paul
==

[ed f]

vicky00, on Feb 24 2009, 03:51 PM, said:

A massive development
Consists of three phases Sonesta Jaco Resort will cover nine main buildings. The first phase, which started in April 2007, will have six, 13-story buildings containing 190 condo hotel units. This phase is completed in late 2008 and is currently available. (In other words, now is the time to get there early!)

Jaco Beach Costa Rica
The complex will be built in three phases, which includes nine residential buildings. Phase I is under construction.

The second phase will consist of three buildings and 140 units. The third phase will include a Las Vegas-style casino. The whole complex should be complete in late 2009.
http://www.Costa-RicaRealEstate.com[/url]

Vicky00,
How many units are complete and ready for occupancy, of those how many sold? How are the pre-sales going with the 140 units in the second phase? Are the price points stable or having to be reduced to close sales? What options with financing are available?

[Kahuna]

vicky00, on Feb 24 2009, 02:51 PM, said:

=
A massive development
Consists of three phases Sonesta Jaco Resort will cover nine main buildings. The first phase, which started in April 2007, will have six, 13-story buildings containing 190 condo hotel units. This phase is completed in late 2008 and is currently available. (In other words, now is the time to get there early!)

HA, HA, HA, Let the blood bath begin. 200K you say? ummm, did anyone tell you this is Latin America? Prices are different here.

I've got 35K that I would be happy to give you for one of those units. Seems about right to me. You gotta love the law of supply and demand........

[vipal]

c'mon mod. maybe its allowed in this section to advertise but its really not a response to the start of the topic which is about the trends in realestate in CR.
although it pretty much demonstrates the pressure some developers must feel, which might be a trend (but i dont think the advertiser had this in mind).
but maybe just start your own topic with your own header instead.

so maybe lets continue with the start; trends we see in CR


when i speak to to people active in realestate in central valley i hear that hardly anything sells and they move to rentals which is supposed to be relatively ok.

in saw in nosara that the selling was slow, but somehow it moves and prices hardly dropped, in other places in guanacaste i saw prices drop much more. but everywhere its slow.

and i dont know about jaco from my own observations but would really be interested to hear from others how this huge overcapacity affects the prices, all the best to miamidavid but the 'joke' of kahuna might have some truth in it. but lets hear something from a real Jaco expert; david??

[montanaguy]

i must be one of a few people that want to move to costa rica, but do not want to buy real estate. i would think that a person would not want the respondability of ownership. i just want to be carefree and live my carefree. and be able to pickup and move whenever i'd like, but thats me, later, paul.