Guys In The Zone: Costa Rica Real Estate

July 21, 2007

Costa Rica’s Southern Zone To Have Airport by 2010

Filed under: News, Projections — Ben @ 4:03 am

I received notice from one of my clients this morning that La Nacion had printed an article about the airport in Costa Rica’s southern zone. You can see the article in Spanish by clicking here. I have made a quick translation of it to English below. Please pardon the various errors. I felt it of sufficient moment to slam it up pronto. I know that a lot of investors are eying the southern zone and are hoping to have the reassurance of continued growth and asset appreciation in the area, while not losing the early-bird edge on making the good investment. I think that this article will help. This also well supports getting involved with the golf course project that was the subject of my last article.

IDA to donate land in Sierpe de Osa
Society and Services
The south will have an airport by 2010
In first stage the airport will accommodate airplanes for 50 passengers
The organization “Judesur” will invest ¢600 million ($1,153,000.00 +-) in technical studies of the project

The Government promised that the first stage of the airport of the Southern zone will be constructed and working no later than 2010.

Yesterday, after a year of delay, the necessary funds were allocated from the organization Junta de Desarrollo for the southern zone (Judesur), for the technical studies of the project.

Viviana Martín, president of the Council Técnico de Aviación Civil (CTAC) and Mainor Rodríguez, of Judesur signed the agreement on Saturday agreement of cooperation in an official act in Palmar Sur, Osa.

In the first stage, the airport will feature a terminal building and a runway for airplanes of 50 passengers or less.
According to Viviana Martín, president of the Council Técnico de Aviación Civil (CTAC), the money will be invested in the geological, archeological and hidrological evaluations that are required before constructing an airfield. Additionally , the money will be used to draw up the master plan of the airport, in which the various necessities of the project will be defined: how many boarding ports, length and width of the landing strip, and for the passenger area.

The CTAC can count on the support of the Organización de Aviación Civil Internacional (OACI), who will select the ones to do the technical studies. This phase take about six months.

My translation ends here for the moment. I’ll polish the rest up shortly, or would appreciate some help from anyone at the Paradise offices :o )
Soon someterá the project to a process of concesión of pública work, so that a private company constructs and operates the aérea terminal. The work realizará in which now they are property 9 and 10, located in a plain between the districts of Sierpe and Palmar. The lands belong to the Institute of Agrarian Development (GOING); one of them está cultivated field of plátanos and other invaded by the weeds.
Según Viviana Martín, already exists a commitment so that the GOING donates lands.
During año happened other properties in Buenos Aires discarded, in the Valley of Boundary and Property 18, in South Palmar.
Características. In one first stage, the airport tendrá a terminal of passengers of 500 square meters, with básicos services like counters for sanitary aerolíneas, services and área of food.
In the 2010, the track será of 1,800 meters in length by 30 meters wide, which permitirá operación of medium airships, type ATR (like which Sansa uses) and DASH8 (Nature Air), with capacity for 48 and 50 passengers respectively.
This length is even greater to the dimensions of the track in Turkey hens, that is of 1,600 meters.
Tratará of an international airport, because these airplanes approximately have capacity of independent flight of 1,400 kilómetros.
So far, not está entered the cost of the project nor the definitive características of the aérea terminal.
That sí, Martín garantizó that the building for passengers must be friendly with its surroundings, cannot produce a visual shock in that great zone of vegetación and must guarantee a strict handling of sólidos, líquidos and combustible remainders.
In one second stage, the CTAC tries to extend the track to 2,900 meters in length so that airplanes type 737, able can land to transport between 110 and 215 passengers.

Spanish – directly from the article

IDA donará terrenos en Sierpe de Osa

Sociedad y Servicios
El sur tendrá aeropuerto en el 2010
En primera etapa podrán aterrizar aviones para 50 pasajeros
Judesur invertirá ¢600 millones en estudios técnicos del proyecto

Vanessa Loaiza N.
vloaiza@nacion.com

El Gobierno prometió que la primera etapa del aeropuerto de la zona sur estará construida y funcionando a más tardar en el 2010.

Haga click aqui por el artículo entero en Español

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July 16, 2007

Costa Rica Golf – Southern Zone Style

Filed under: Golf — Ben @ 4:28 am

I have broken one of my cardinal rules of Pure Real Estate Brokering. Since getting involved in Costa Rica real Estate some years ago, I have always made it a part of my presentation to disclose that I don’t have a personal vested interest in the properties that I am marketing. If there has been an exception to this, such as a motivated seller that is offering a “spiff” or additional pay directly to the sales agent on a given property, I have disclosed this as well. I have basically done business here based on the addage, “To Find You Your Property”, meaning “Lets find the one that is right for you“, and not “lets find the one that your real estate guy makes the most money on.” Pure brokering is a beautiful thing.

Having said that, I would like to announce that I am now a partner in the first golf course to go in to Costa Rica’s southern zone. (My partners are wondering if allowing me in was such a good idea since I have delayed notifying you, the readers of my blog and my client and prospect lists, about the project.) I have held off a little bit since the nature of the project at this point in time is very “pre”, in that it is early. What this means to a possible buyer is, tremendous upside potential and tremendous value for anyone who might be looking to relocate to Costa Rica and want to live the golf course community life-style.

Here’s The “Why”
I have written quite a bit about the real estate boom in the Dominical area and how it has spread out from there in all directions. There is a good amount of speculation going on inland from Dominical up to San Isidro. To the north, the road between Quepos/Manuel Antonio and Dominical is a 25 mile stretch that is bumpy and awful to drive, but offers great potential for after when the road is paved. And then there is the south, towards The Osa peninsula. That is where the majority of development and speculation is now going on. There are a number of factors that feed the southern direction as the place to go. One is the impending International airport. I know, you say: “haven’t they been talking about that airport for a long time?” Answer: “yes, they have”. However, we have now, in the past few days, personally witnessed the president of Costa Rica signing off on the project. (see photo)

The other points mentioned also provide indicators that the zone is a great place to invest, and to consider for re-location and retirement. When that road gets paved from Manuel Antonio down to Dominical and beyond, the San Buenas Golf Resort will be then located about an hour, easy driving from the number 1 (numero uno) tourist destination in Costa Rica. Already the highway that services the coastline from Dominical towards the south is regarded by many as the nicest highway in the country.

Anyway, the indicators are strong, and the lifestyle offered is tremendous.

Ecological Concerns: We are contracted with some of the brightest stars in “green” technology. I have posted a mission statement of sorts for our philosophy in developing this golf course.
Click here to view.
“Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.”
This is taken from “Our Common Future” which is a report from the UN World Commission on Environment and Development.

This project is a work in progress. I have posted it quickly due to the “pre” nature of the opportunity at this moment. The buy in price of $79,900 is not assured for any time.

Click here for more info and how to move on this offer.

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July 3, 2007

Relocate to Costa Rica FAQ

Filed under: Info & How To's — Ben @ 7:57 pm

I get lists of question from time to time due from people who want to move to Costa Rica. I wrote Vickey back and answered her questions, but I have taken the liberty to post the interchange here to my blog. I think that some of the readers of this blog will find it helpful.

Hello Vickey,

I have interspersed some answers below.

Hi Ben,

I would like to get some advice from you.

When we visit CR how much time should we take to visit the Uvita area to see where we would like to live?

My initial visit to Costa Rica was for 3 weeks. From that I chose this area. I then lived in the area for 11 months prior to purchasing. Since it seems that you have already selected the Uvita area, you are miles ahead. When you get here, we can get together and do some serious consulting. This usually involves breakfast and/or lunch, a few cups of coffee and some serious talk talk, so that I can get a good understanding of what it is you are looking for. I will then do my best to familiarize you with the zone and where I think its all going. Then we’ll go out and put our feet on some of the properties. This frequently has the effect of helping to define the strategy.

Are there other areas between San Jose and Uvita that we should visit to get a good feel for CR?

That is a tough question to answer since the Dominical / Uvita area is so unique to the country. The other areas between San Jose and Uvita are either inland along the Panamerican Highway, or they are along the coast to the north of us. The coastal highway passes through Jaco, Quepos, Manuel Antonio, and numerous developments all along the way. What makes our area unique is the mountains come down to the sea. Also, we are one of the last areas of the country to get developed, so there is still that wonderfully jungly feel around these parts.

Coming down the Panamerican to San Isidro, and then over to Dominical and down to Uvita involves driving over the Cerro de la Muerte which is a stunningly gorgeous area, but it is HIGH and cold. So the areas along this route between San Jose and San Isidro are WAY different than what you might be looking for, if your choice of Uvita as a nesting spot is any indicator of your preferences.

Coming down the coast and through Jaco and Quepos/Manuel Antonio, you’ll pass through areas that are hugely popular with expatriots. You just might want to do that route and see what you think. Jaco is super developed with malls and a definite festive feel. Manuel Antonio of being (arguably) the number one tourist destination in Costa Rica. So again, if your selection of Uvita as where you might like to live is any indicator of what you’re looking for, I suspect that you’ll find these areas to be too U.S.-like.

Are there “good” and “bad” areas to live like in the U.S.?

Not really, but around San Jose yes.

How can we get info on the area itself since we are not looking for tourist info but rather living info?

I’d humbly have to direct you to read up on my site Domincal.biz. The forum there is full of information, although lately it has fallen into a bit of a slump, largely due to me being distracted with real estate. But I think that you’ll find the information to be useful to you.

How did you come to live in the area?

Please check out my story at: http://www.dominical.biz/about.htm

Is there a good source to get a detailed map of the area?

There is a map being made as we speak by the local equivalent of the chamber of commerce. It isn’t in print yet though.

What is the average cost of breakfast, lunch, and dinner?

The sodas, which are where you get the typical Costa Rican cuisine, offer up a great breakfast for around 1,500 colones, which is just under $3.00 at the moment. With coffee and juice, you’re probably around $3.25 for breakfast. Lunch will run you around 2,500 colones or a little over $4.00. There are getting to be some nice places to eat in the Dominical to Ojochal area. I love La Parcela, and Exotica, neither of which I have well represented on my site yet. But this letter is going to motivate me to get them posted. There is also a very nice Italian restaurant in Dominical. You can check them out by clicking here.
Also there is a good Thai restaurant in Dominical, but it also isn’t yet listed on the site.

How can we find someone to give us a Tico’s tour of the area rather than a tourist’s tour so we can see the area where we want to move?

I don’t honestly know. I think that you’ll find our initial consultation to be enlightening though. Perhaps from there we’ll have a better idea of how best to proceed. Do you speak Spanish?

While looking at your website we have fallen in love with the “lushness” of the area especially the water features on the properties. My husband is excited as he misses his native country of the Philippines.
Are there certain areas that are less developed and therefore better “deals”?

Yes definitely. The area between Dominical and Uvita has been, for the most part, bought up. There is a the occasional lot there. We’re seeing more and more condos and beach view villas going in in that zone. Its getting pricey. Uvita still has some decent choices, but they are going fast. South of Uvita in Ojochal and further south is where there is a lot of wide open space and wilderness with some excellent values. Large parcels of land (3 – 4 acres) with ocean views for around $200,000, all utilities included.

Are there areas you highly suggest and ones we should shy away from?

These is so personal that I’ll know more after we talk a bit. Not trying to be evasive, but there is no area in my zone here that I would caution you against. It boils down to what flavor do you like? Chocolate or vanilla?

Do you suggest that we subscribe to a newspaper? If so, which one? Online are there any or can we get one sent to us?

A.M. Costa Rica
Tico Times
Costa Rica Today

You should also join the number one newsgroup for Costa Rica expats. You can get to it by going to Costa Rica Living Yahoo! newsgroup.

Muchas gracias. (Is that correct for this closing?)

Perfect.

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