Large Lots, Little prices in Costa Rica Real Estate

Costa rica real estate has been a hot market for quite some time. It’s thriving tourist industry brings millions of people here every year from all over the globe. As a result, thousands of people foreignors are taking advantage of Costa Rica’s foreign friendly investment policies. Well the bubble is about to burst with the slow of the US Economy and Real Estate Prices are finally stabilizing. However, there are still many areas that are just too expensive for most of the middle class. There’s of course a large amount of the Baby Boomers that want to retire in quiet safe communities and enjoy the wonders of nature that Costa Rica offers. Many baby boomers are quickly discouraged about making Costa Rica their final retirement location when the find out how much “overdeveloping” is happening in these areas. There are also many people, foreign and local, looking to make a quick few hundred thousand dollars off of naive foreign investors. Many developers have no experience and can’t even speak the language let alone understand the laws of the country. Yet still many boomer’s purchase for the sake of investment. So, will Costa Rica be the next big speculation market? Or will more people follow the example of a long term developer here in Costa Rica. One Developer, Grand View Estates Costa Rica, has put all it’s effort to keep low prices while still offering the amenities that other developers do not offer. William Ogen is in charge of the 640 acre development where less than 40% will actually be developed leaving more than 340 acres of untouched land filled with toucans, monkeys, sloths, rivers and waterfalls for the entire community to enjoy. This development is also adjacent to an adventure park and has areas on one end of the development to train and stable horses. Grand View Estates is a unique land development in many ways. One of my favorites are the large lot sizes (1-5 acres) where you can only build on 15% of the lot making it impossible for the community to become over crowded. The other unique bonus that Grand View Estates offers is the fact that the security, roads, water, irrigation, electricity, gardening services etc. is all in place. There’s even a community center that you can take a dip with the owner and employees while picking out your ideal property……Yes, there are many places that have this same thing…….with lot prices starting at ridiculous prices and small lots. These lots range from $55,000.00 to $160,000.00! Their idea was very simple……..start out slow and get your local permits first. Then start construction and spend as little money as possible on advertising. One other tricks Mr. Ogen has managed to accomplish is the fact that he single handedly created this wonderful community which I believe is and will continue to be the foundation of his success. Grand View Estates really does have what nobody else can offer at such affordable prices.