Expats, Boomers and Investors Flock to One Southern Costa Rica Real Estate Development, Says Pacific Lots
Recent bookings are bringing record numbers to one development in Costa Rica even as the rest of the world's economy is at a standstill. People looking for less expensive retirement options as well as investors looking for a safe haven for their money seem to prefer one southern Pacific development. The word is out and the not so rich and not so famous continue to come in record numbers.
Ojochal, Costa Rica (PRWEB) December 24, 2008
Recent bookings are bringing record numbers to one development in Costa Rica even as the rest of the world's economy is at a standstill. People looking for less expensive retirement options as well as investors looking for a safe haven for their money seem to prefer one southern Pacific development. The word is out and the not so rich and not so famous continue to come in record numbers.
"We have seen a tremendous increase in interest in this development over this past year!" explained Steve Linder, "Being one of the oldest and largest residential developments in the whole country has been a driving force in sales for this company. While most other developers are complaining about slow sales, we have seen record numbers of people coming to tour the properties. Our 3-day 2-night visit has been extremely popular in the last few months." The development is marketed by Pacific Lots of Costa Rica. www. PacificLots. com.
Some guests arrive via a 25-minute commuter flight from San Jose while others drive the 4-hour drive down the Pacific Coast. The near completion of the new section of highway between the Quepos/Manuel Antonio area and Dominical will soon substantially cut the drive time and has turned new attention to the southern Pacific coast of Costa Rica. The announcement last year of plans by the government to build a new international airport in the southern Pacific region of the country will improve accessibility. Once completed, this area will have direct jet service from many international gateways, including many in North America. The new highway will also shorten the trip. Residents don't complain however since most think the distance has kept the crowds away and prices low.
The airport progress and the near completion of the new highway has already resulted in significant new investment in hotels, restaurants and other tourist related industries. Now the word has gotten out that the southern Pacific region of the country is one of the most beautiful as well as the most bio-diverse part of Costa Rica. Some of the best restaurants in the country can be found there.
Costa Rica continues to attract expats in record numbers. Excellent affordable health care, the close proximity to the US, safe & stable democracy, ideal year round climate, lack of hurricanes, the right for foreigners to own property and the much lower cost of living are just a few of the reasons why.
Lush rain forests, numerous waterfalls, towering mountains, miles of pristine beaches and the much more restrictive zoning laws in the southern Pacific region have proven to have great appeal to savvy expats. This region's zoning laws limit structures to no more than 3 stories. This has kept away the high rise condos & large hotels that have blighted other coastal regions of Costa Rica. The southern Pacific coastal region, much like the California coast, is almost entirely single-family residential housing.
With nearly 14,000 acres of land, the developer owns more land than nearly any other private group. With 20 years of experience developing home sites and building custom homes in Costa Rica, they are a clear leader in a space full of new comers. Sheer size and number of clients is really working. Word of mouth is a powerful tool that is now the driving force in sales for the developer. With vast land holdings, most purchased years ago at historically low prices, they can under sell nearly all competitors.
But expats will tell you they don't just come here for the low cost of ocean and mountain view home sites. They come for the amazing construction capabilities. "We currently have over 100 custom homes in process for 2009 and believe we have built more custom homes to date than any other builder in the country" says Steve. Home Sites start at $60,000 and there are no time limits on building. In fact our clients can even build their own home if they want. We don't have HOA fees ownership is deeded and fee simple. You own it.
The area has sprung up with world class restaurants, bars, well stocked grocery stores, shopping opportunities and boutique hotels as well as ample things to do.
Pacific Lots books three tours per week into the 8-room guest house operated by the developer. Tours include upscale lodging, all meals, adult beverages, ground transportation and knowledgeable guides. "We don't need a sales pitch. With our first 8 phases sold out, our biggest problem is not having enough to offer every customer."
Pacific Lots also offers 10 day country tours through Costa Rica. At $1500 per couple, these tours are a sell out. Tours include all lodging, transportation in luxury SUV's, guides and even include about a third of all meals. Participants receive a $1500 credit off the purchase price of property in the development. For more information about visiting Pacific Lots, see www. PacificLots. com/Visit. html (http://www. PacificLots. com/Visit. html). See www. PacificLots. com or contact them at Info at PacificLots dot com.
###
