Friday, September 9, 2011

Guanacaste Anticipating an Especially Bright future

By Rodgers H. Bestgen


Guanacaste Resorts are posting some great numbers in 2011 however things still seem to be slow in talking with a lot of hoteliers, restaurateurs and retailers. Our friends in Real-estate in Guanacaste are positive and things seem to be picking up a bit, but our buddies in Atenas are talking about a slump. Their situations were totally reversed last year. Plenty of other factors on the table are awfully positive for Guanacaste and we are envisioning massive things here in the following 10 years. One really notable positive is that Costa Rica has returned to the top 10 places to invest in Property in the world, this by the highly respected International Living Magazine after an eleven year hiatus. The explanation given for being taken off the list originally were extortionate real estate costs. This has changed, and is great news for those people that were careful or fortunate with their finances and are looking to speculate in a means of life that is frequently not affordable in the US or Canada any more

Daniel Obuder global airport in Liberia reported a record month in Jan 2011, the 1st month of 2011 saw 31,637 foreign visitors, and this is a 28.2% increase over the same period of 2010. So why are businesses still wounding? One or two factors make a contribution to this, first and foremost is the "All Inclusive" model. Many big resorts such as Paradisus Conchal, Melia Cariari, and the Barcelo chains do not encourage guests to leave the resorts. These great conglomerates have enormous marketing budgets and include everything from cocktails, to spa treatments, golfing, and even contain their own tourism shops. The little guy finds it hard to compete. We much would like to urge guests to explore the local regions, get out and meet the people rather than filling the coffers of company giants. There's a heck of a lot more to Costa Rica than the interior of a fenced up resort. The second reason has to do with straightforward supply and demand; in the present boom cycle as an example much of Tamarindo was deeply overbuilt. Many commercial areas are vacant. Even with the ones still open for business there are basically too many stores and hostels catering to too few folk. This will discover a way to work itself out at last through natural Darwinian economics, however to truly clever investors this spells opportunity.

According to Melissa Garcia of Owner of MYG Costa Rica a upscale rental management and tour company offering high end properties and concierge style services, Guanacaste Rentals haven't ever been more attractive. "It is a very exciting time, she adds." There are several nice things taking place here, the infrastructure of the area is finally catching up, roads are in first class condition, areas that were previously untouched have been opened up, major enlargement is taking place at the Liberia international airport, the govt is installing a world class telecommunications substructure with their Frontera a Frontera initiative, and lastly there are countless hundreds of millions of personal project greenbacks pouring into Medical Framework generally placed to capture Medical Tourism dollars

. This comprises the Cima annex which has already damaged ground close to the Liberia Airfield. This is a $165 million dollar mixed use project that includes hospice, recovery and living facilities. Just across the street is another project by the Sun Ranch Valley group that while currently in delay their spokespeople claim the project is a very definite go. This mixed use development has similarities to the Cima Hospital project and encompasses a Robert Trent Jones championship Golf Course and mixed living retirement community also. Garcia is excited about the Gold Coast and Playa Conchal areas that she serves. Couple this excellent infrastructural development stories with the fact that Real Estate prices have fallen to more reasonable levels makes Guanacaste a really ground floor opportunity at the moment. These serious investments by gigantic players cannot be ignored.

As mentioned earlier Costa Rica and particularly the province of Guanacaste has returned as one of the top 10 places in the world to both retire and invest according to many experts and mavens. But you must see for yourself to believe the shangri la that awaits you. The view is stunning, the beaches virgin, the people friendly, and most importantly, opportunity is knocking.




About the Author:



No comments: