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SYNDICATIONby Ivo Henfling for the Easy Times
When you are looking to purchase Costa Rica real estate in a development, no matter if it is in pre-construction or while construction is going on, do yourself a favor and make sure you do your due diligence on the development.
After the real estate boom in Costa Rica, many investors and developers went on their face and lost their money, just like anywhere in the world. Costa Rica is no different and with a different culture and a different language, someone who speaks our language we automatically trust. Therefore we have decided to give you a tool that will help you decide if you should purchase a property from a developer or walk away.
By Ivo Henfling for the Easy Times
Have you ever put money down on a Costa Rica real estate project that did not happen? Learn from others’ mistakes, so it won’t happen to you. On the 30th of May, I wrote a blog about developers in Costa Rica and the promises some make to their clients
I’m a real estate agent in Costa Rica and don’t want to sound holier than the Pope, but I bought a condo in Jaco beach from the Sonesta One Jaco developer and now the whole building has been in court, there is a lien on my property and I haven’t been able to use my condo for two years now.
Of course some developers don't like what I am writing but my testimonials show I always try to make my buyer's investment to be safe one.
By Ivo Henfling for the Easy Times
As a buyer of a condo in Sonesta One Jaco, I received an email from the Developer, Joshua ten Brink of Riverside Developers during Eastern Week 2010, saying that he is suing the bank who lent them the money to build the project of One Jaco Place in Jaco, later Sonesta Jaco Resort.
The reason, he alleges in his email to those who bought a unit or put earnest money down against an option to purchase/sale agreement is that the bank who lent him the money (BCIE) because they are changing the rules on them and they can not afford to finish the condo buildings.
Meanwhile, some of us closed on the purchase and some others have paid the earnest money but will not close or cannot close for one reason or the other and the whole project will be tied up in court for who knows how long.
We get questions if you can own Costa Rica beach front property all the time and if there is maritime zoning in place, so it is easier to write a blog about it and refer to the blog. This will make it more accesible to everyone who is interested in buying Costa Rica beach front property.
To begin with, not all beach property is maritime zone property. You can purchase fully titled land in front of the beach or overlooking the beach or within walking distance to the beach and never have to worry about the Maritime Zone.
No matter if you are purchasing Costa Rica real estate or Costa Rica beach front property to live or as an investment, you should always contact one of our affiliate partners so you are sure or having an expert real estate agent who knows the area and all the pro and cons of each property or beach concession.
By Ivo Henfling for the Easy Times
During the Costa Rica real estate boom there were suddenly lots of people with absolutely no experience in development of real estate projects doing all kind of real estate developments in the Central valley and in the Costa Rica beach areas of North, Central and South Pacific.
During the boom, there were also quite a few real estate agents turning themselves into developers, buying very cheap properties and then offering the best deals in town at even better profits. Today, there are a lot of those investors stuck with shares in some kind of real estate development that never happened.
Paragon Properties became infamous because they were a boiler room sales office and took millions from innocent Costa Rica real estate investors. Investing is Costa Rica is as serious business as it is anywhere in the world, but you can always learn from other's mistakes, especially when investing your money in Costa Rica real estate.
By Larry Albright of Pacific Coast Realty
Flamingo Beach = great investment environment. Costa Rica has recently caught many eyes as a hot tourist spot but also as a great place to purchase beach real estate. With so much public attention and a vast number of tourists visiting Costa Rica every year, the country offers a great investment environment for real estate. Below are seven great reasons to invest in Costa Rica Real Estate.
My office in Playa Flamingo is again starting to get busy as there is only so much beach front and beach property available in the world. Since the Liberia airport re-opened this summer, the tourists are again coming to spend their vacations in a well chosen location of the North Pacific beach towns where vacation property is as interesting as it ever was. We offer some amazing deals in beach condos and ocean view property for sale.
By Daveed Hollander for the Easy Times
The South Pacific coast of Costa Rica has become so much more accessible since the opening of the Caldera Highway in 2010 which in turn has attracted more interest in property investment and commercial real estate, but mostly those dedicated to the tourism industry like hotels and Bed & Breakfasts for sale.
South Pacific beach real estate and ocean view properties in the Southern region of the country continue to be priced to sell and this is fantastic news for those looking to take their first step to move to our paradisiacal country.
Our affiliate partners in Dominical are the right choice if you are looking for a real estate company that will look out for your interests. They can offer the best beach property in Dominical, Ojochal, Baru, Hatillo and Uvita.
By Ivo Henfling in Escazu for The Easy Times
Buying an existing business in Costa Rica might be a good option for you if you are planning for a new life in a different country. Our Costa Rica real estate website offers a wide range of existing businesses and offers you tips on buying a business in Costa Rica. If you want to start a new business, this checklist will give you a good idea of permits and licenses you may need in order to run the business.
There are many advantages to starting new business or purchasing a new business in Costa Rica, you only need to make sure you do your homework and then take an educated decision. Often a product or service that is commonplace in other countries is not available here, so you can be successful here with a product that has a proven market elsewhere. But be careful, this is where you will need an experienced real estate agent because you might be totally mistaken about the need for this kind of product as Costa Rica is a different country, with a different language and different people and needs.
By Rudy Matthews in Heredia for The Easy Times
Now there are new opportunities for Costa Rica real estate investors and everyone who works in the Costa Rica tourist industry. Recently, Costa Rica was selected as the Best Tourist Destination 2011 by Apple Vacations. Apple Vacations is one of the largest tour operators worldwide and has been operative for 42 years seeing incredible changes in this market.
This is the first time that our country wins this prize, which was based on a poll for hundreds of clients of Apple Vacations where satisfaction was measured and the probability of recommending Costa Rica as a vacation destiny to friends and family.
By Rudy Matthews in Heredia for the Easy Times
Now, there are new opportunities for Costa Rica real estate investors and everyone who works in the Costa Rica tourist industry.
The incredible news is that we can now offer you better investment opportunities by listing these Costa Rica condos with financing for non residents.
The second best news is that recently, Costa Rica was selected as the Best Tourist Destination 2011 by Apple Vacations. Apple Vacations is one of the largest tour operators worldwide and has been operative for 42 years seeing incredible changes in this market.
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