Comments on: State of the Market June 09 http://www.costa-rican-real-estate.com/2009/06/state-of-the-market-june-09/ News & Tips on Buying & Selling Property in Costa Rica Tue, 27 Jul 2010 16:26:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Cassidy Scheer http://www.costa-rican-real-estate.com/2009/06/state-of-the-market-june-09/comment-page-1/#comment-309 Cassidy Scheer Wed, 24 Jun 2009 19:03:49 +0000 http://www.costa-rican-real-estate.com/?p=481#comment-309 Hey Ben and Rod - Great article guys! I'm with you 100% Ben on your optimism that people with money to spend are now in a better position emotionally to re-examine purchasing land in the southern zone of Costa Rica. This was a volitale 6 months, and alot of these potential buyers had employment worries or significant financial losses on paper that, while not comprising their financial ability to invest in real estate, put a big enough scare in them not too, thus forcing them to sit tight. Things have stabilized now, and with prices properly adjusted and a saturation of good opportunities on the market, savvy investors who believe in Costa Rica and believe in the Southern Zone WILL start buying. We're starting to get some of these types of buyers re-interested in Sierpe del Pacifico...and I strongly feel that the same sort of thing will start to happen throughout the Southern Zone. Hey Ben and Rod – Great article guys! I'm with you 100% Ben on your optimism that people with money to spend are now in a better position emotionally to re-examine purchasing land in the southern zone of Costa Rica. This was a volitale 6 months, and alot of these potential buyers had employment worries or significant financial losses on paper that, while not comprising their financial ability to invest in real estate, put a big enough scare in them not too, thus forcing them to sit tight. Things have stabilized now, and with prices properly adjusted and a saturation of good opportunities on the market, savvy investors who believe in Costa Rica and believe in the Southern Zone WILL start buying.

We're starting to get some of these types of buyers re-interested in Sierpe del Pacifico…and I strongly feel that the same sort of thing will start to happen throughout the Southern Zone.

]]> By: Jim Day http://www.costa-rican-real-estate.com/2009/06/state-of-the-market-june-09/comment-page-1/#comment-306 Jim Day Thu, 18 Jun 2009 04:43:53 +0000 http://www.costa-rican-real-estate.com/?p=481#comment-306 I don't feel that pessimistic about real estate in Costa Rica although I agree that values are down everywhere in the world for the most part, and 40% decreases in value are the norm in my area, Lansing, MI USA. I purchased 126 acres in the NW Pacific area of Costa Rica in Guanacaste about 7 miles from Playa del Coco and Playa Hermosa and 15 minutes from the Liberia airport (see <a href="http://www.colinasdelsolcr.com)." target="_blank" rel="nofollow">www.colinasdelsolcr.com).</a> I have completed the infrastructure and all lots are segregated and registered and clear titled. I have been unable to start the clubhouse and landscaping, but understand what I'm up against and have resigned myself to holding on till the world economy improves again. I am still convinced that Costa Rica is the place to be, and am confident that the government realizes that the crime problems have to be addressed as does the maze of paperwork involved in getting anything done in Costa Rica. It's still a beautiful country and most of the residents are very nice people. I don't feel that pessimistic about real estate in Costa Rica although I agree that values are down everywhere in the world for the most part, and 40% decreases in value are the norm in my area, Lansing, MI USA. I purchased 126 acres in the NW Pacific area of Costa Rica in Guanacaste about 7 miles from Playa del Coco and Playa Hermosa and 15 minutes from the Liberia airport (see http://www.colinasdelsolcr.com). I have completed the infrastructure and all lots are segregated and registered and clear titled. I have been unable to start the clubhouse and landscaping, but understand what I'm up against and have resigned myself to holding on till the world economy improves again. I am still convinced that Costa Rica is the place to be, and am confident that the government realizes that the crime problems have to be addressed as does the maze of paperwork involved in getting anything done in Costa Rica. It's still a beautiful country and most of the residents are very nice people.

]]> By: spamFree http://www.costa-rican-real-estate.com/2009/06/state-of-the-market-june-09/comment-page-1/#comment-305 spamFree Tue, 16 Jun 2009 22:08:52 +0000 http://www.costa-rican-real-estate.com/?p=481#comment-305 Ah it's great to know we bought at the peek, but considering that money came from stocks I guess it is a wash. At least my lot won't go bankrupt :-) Ah it's great to know we bought at the peek, but considering that money came from stocks I guess it is a wash. At least my lot won't go bankrupt :-)

]]> By: Ben http://www.costa-rican-real-estate.com/2009/06/state-of-the-market-june-09/comment-page-1/#comment-304 Ben Tue, 16 Jun 2009 21:44:35 +0000 http://www.costa-rican-real-estate.com/?p=481#comment-304 I understand that 150 hotels have closed in Costa Rica in the last 6 months. I understand that 150 hotels have closed in Costa Rica in the last 6 months.

]]> By: Ben http://www.costa-rican-real-estate.com/2009/06/state-of-the-market-june-09/comment-page-1/#comment-303 Ben Tue, 16 Jun 2009 21:43:35 +0000 http://www.costa-rican-real-estate.com/?p=481#comment-303 Hi Mike, thanks for jumping in. Construction is the hot topic around here these days. Please let me know when you get your program together and I'll post it here. I've got quite a number of folks looking to build now and knowing what options are available is helpful. Solar is good, but I understand that the Costa Rica government is a little behind on making the incentives for using solar compelling. Is it really cost effective to use battery storage? Isn't the best way to use solar to tie into the grid and get a credit off of your electric bill? ICE (the Costa Rican utilities company) doesn't have it together yet with this sort of program, but I understand that they are working on it. Ben Hi Mike, thanks for jumping in. Construction is the hot topic around here these days. Please let me know when you get your program together and I'll post it here. I've got quite a number of folks looking to build now and knowing what options are available is helpful. Solar is good, but I understand that the Costa Rica government is a little behind on making the incentives for using solar compelling. Is it really cost effective to use battery storage? Isn't the best way to use solar to tie into the grid and get a credit off of your electric bill? ICE (the Costa Rican utilities company) doesn't have it together yet with this sort of program, but I understand that they are working on it.
Ben

]]> By: Douglez http://www.costa-rican-real-estate.com/2009/06/state-of-the-market-june-09/comment-page-1/#comment-301 Douglez Tue, 16 Jun 2009 17:01:39 +0000 http://www.costa-rican-real-estate.com/?p=481#comment-301 Lake Arenal and Fortuna are ghost towns. I know some 20 year old hotels calling it quits and the developers/realtors are leaving abandoned projects. Good time to buy ! Lake Arenal and Fortuna are ghost towns.
I know some 20 year old hotels calling it quits and the developers/realtors are leaving abandoned projects.
Good time to buy !

]]> By: Mike Adams http://www.costa-rican-real-estate.com/2009/06/state-of-the-market-june-09/comment-page-1/#comment-300 Mike Adams Tue, 16 Jun 2009 13:47:43 +0000 http://www.costa-rican-real-estate.com/?p=481#comment-300 Hi Ben and Rob I enjoyed your optimistic appraisal of the general conditions in the area. Personally I agree that it is the right time to buy. I think from a builders stand point it is a time to focus on “more for less”. What I am really saying is that, realistically the building industry can offer better solutions than ever before because of the leveling off of astronomically high prices for products that have a very positive effect our environment such as solar power and a host of others. We are planning to incorporate some of these solutions and capitalize on the new realities that surround us in a world market. More for less. All the best…….. Hi Ben and Rob

I enjoyed your optimistic appraisal of the general conditions in the area. Personally I agree that it is the right time to buy. I think from a builders stand point it is a time to focus on “more for less”. What I am really saying is that, realistically the building industry can offer better solutions than ever before because of the leveling off of astronomically high prices for products that have a very positive effect our environment such as solar power and a host of others. We are planning to incorporate some of these solutions and capitalize on the new realities that surround us in a world market. More for less. All the best……..

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