Monday, November 27, 2006

Investing in Costa Rica

Baby boomers are continuing to spend more money than any other generation. When it comes to Costa Rica, this is particularly interesting. The Gold Coast is seeing this money flood into new land opportunities with Americans entering their prime years. Investors are doubling the enjoyment of their investments with year-round vacationing as a way to enjoy eco-travel, land sports, world class fishing and relaxing into the Pura Vida Costa Rican culture.

Blue White Properties Real Estate, offers many varieties of purchase opportunities, but the most common are investment homes for rental income and land tracks for resale or development. For builders interested in building multi use properties, condos have become popular as they're perfect alternative to hotel projects. "Fractional ownership" is the buzzword as opposed to "time shares" now. A developer can build a condominium project and sells the units to investors as a piece of a hotel. This idea offers more intimacy and a sensation of a home away form home. It is the perfect alternative to renting a hotel room and the buyer can enjoy the residual income throughout the year with the security of knowing their investment is managed on site is a way to offer the condo buyer a safe haven offering security and amenities including tropical gardens, pools and concierge assistance for turism services.

Lastly, condos are easier to resale than private homes in foreign countries. So for the developer to invest in a project that builds only single family home sites has a more difficult time preselling their project. Mixing condos into the project with hotel services is the wave of the future. Investors should define their strategy and give the buyers a safe paradise on the Gold Coast.

Costa Rica: $2.1B Investment in Tourism

Panama, Monday 27 of November 2006

The Costa Rica province of Guanacaste (North Pacific) will receive in next the three years at least 2.1B dollars of investment in tourist projects, informed the economic weekly magazine yesterday the Financiero. The publication indicated that the money comes from 35 tourist projects as hotels and residences of luxury that have entered operation in the last 24 months or do it within next the three years.

The 2.1B dollars of investment that will receive Guanacaste are equivalent to more of the double from which it receives every Costa Rica year in Direct Foreign Investment. According to information compiled by the weekly magazine, in next the 20 years in Guanacaste to at least 28 hotels and 9 thousand 700 residences for people of high spending power will be constructed, in their majority American retired. The investment in these projects comes mainly from the United States but, also are involved Costa Rican investors, Germans, South Africans, Japanese, Mexican and Italian.

At the Guanacaste present time it has 6 thousand 724 rooms in 347 hotels and this year the construction in the zone arrives at 947 thousand 973 square meters, which represents a growth of 66% with respect to the last year. Between the powerful international hotel companies that or work in the zone or will begin to operate in the next months they emphasize Four Seasons, Holiday Inn, JW Marriot and Hyatt. Guanacaste is the province with greater tourist development of Costa Rica thanks to its beautiful beaches, rich culture, national parks and the proximity between attractive like forests, volcanos, beaches and tourism of adventure. The tourism is one of the main sources of income of the country.

Friday, November 03, 2006

Costa Rica Real Estate News

MOPT Promises Key Road Fix By Year's End
By Ralph Nicholson. Courtesy of The Beach Times

The Ministry of Public Works and Transport has told the Guanacaste Chamber of Tourism it will begin work on the remaining ten-kilometer section of the Belen to Huacas road within three weeks.

Pedro Castro Fernández, Vice Minister of the Ministerio de Obras Públicas y Transporte (MOPT) told the chamber late this week heavy machinery would be ready to start work on the section between El Llano and Cartagena 'in 15 days to three weeks.'

The work is understood to include a sealed, asphalt surface.

Ana Saborío, the vice president of the chamber of tourism, was told Thursday that the process by which heavy engineering companies bid upon the contract to fix the Belén to Huacas road had been completed.

'I understand the contract has been adjudicated and a draft document drawn up,' said Ms Saborío. 'They are just waiting for final approval from the Comptroller General's Office.' 'He promised me it would be finished by December,' Ms Saborío added.

Word on works for the remaining section of the road comes after intense lobbying by the chamber of tourism, which has seen the key tourist artery almost destroyed in places. Traffic has been reduced to a crawl for up to ten kilometers (about six miles).

Last week the vice minister told The Beach Times his ministry needed 250 million colones (about $482,000) to complete the road.

'We know the road situation affects tourism and that is why we are making a concerted effort with scant financial resources to do repairs and maintenance on those roads with the most tourism traffic,' Mr Castro said.

Mr Castro said the ministry's priority was the Inter-American Road which would be widened to four lanes between Barranca and Limonal (the intersection to the Tempisque Bridge). He said there was no budget to seal the entire network of unsealed roads.

'There are a total of 4500 kilometers (2800 miles) of sealed roads and some 3500 kilometers (2200 miles) of unpaved roads, which is a huge quantity,' he said. 'We are going to select the more important unpaved roads to seal and if others have to remain unpaved, then they will receive maintenance.

'Additionally, there are projects to be finished like the route from Santa Elena to Monteverde, a contract which was awarded late in the year and with luck will begin in November,' Mr Castro said.

The vice minister had good news for Tamarindo residents, saying the government was looking to seal the 15 kilometer section between 27 de Abril-Villareal and Santa Cruz. 'We are seriously considering the option of sealing the route,' the vicde minister said. 'It is a small distance and it's a very important route for tourism and much used in the region. 'Definitely the budget for that road will be considered next year,' he said.

Real estate costa rica


Samara Gets First Look At Coastal Plan
By Ralph Nicholson. Courtesy of The Beach Times

About 120 residents of Samara and Nosara got a first-hand look last week at the way in which the Costa Rican Institute of Tourism wants their coastline to develop.

A town meeting was shown a draft of what is termed a Plan Regulador Integral, effectively a blue print for what kind of building and development will be allowed, and where.

The Regulatory Plan, which will cover more than 15 kilometers of coastline, will include Playa Samara, Playa Carrillo, Puerto Carrillo and Punta Islita.

Critically, the regulatory plan only takes in the maritime zone, that area 150 meters above the water line.

Guillermo Miranda, an architect with the Instituto Costarricense de Turismo (ICT), told the meeting the plan would represent a new proposal and should re-organise those areas that should remain forested and other areas which could be put to commercial or residential use. The Municipality of Nicoya has been inefficient and there are many things that have led to increasing disorganization,” Mr Miranda told the meeting.

“The Comptroller General’s Office has found anomalies and there are several complaints about the misuse of the maritime zone,” he added.

Real estate costa rica

MAYORAL ELECTION 2007-2011
By By Zoraida Diaz. Courtesy of The Beach Times

Mayors Wanted for Carrillo, Hojancha, Nicoya, La Cruz

On December 3, 81 Mayors will be popularly elected throughout the country for just the second time in history.

But burgeoning foreign communities from Playa Hermosa in the north Pacific to Manuel Antonio in the south and across the country along the Caribbean will have little, if any, say in the matter.

In some instances, the candidates are aware of the strength of their non-voting constituency, and how once elected, achieving the goals set for their municipalities depends greatly on the income generated through the taxation of businesses, hotels and the building boom along coastal towns.

In the past year, for example, Santa Cruz became one of the fastest growing municipalities in the country with a 250 per cent increase in construction.

But in other cases, the synergies are not yet understood and the abysmal divide between the traditional interests of local municipalities and the increasing needs of the coastal communities is at times wrenchingly clear.

Take Lorenzo Rosales Vargas, Nicoya’s mayoral candidate for the ruling Party Liberación Nacional (PLN), for example.

“If the newspaper is in English, I don’t care to speak with you,” he said bluntly. “What do the gringos care what happens here…they just come looking to take away all the riches.”

This, from a candidate who will oversee the collective fates of rapidly-growing beach communities like Nosara and Sámara. Repeated attempts failed to sway him. Other candidates, some bidding for re-election and others with previous administrative experience are more conciliatory, speaking of solving common problems like security, roads and maritime zone issues.

“One of the priorities of the development of the municipality has to do with the maritime zone in Nosara and Sámara,” said Félix Ángel Vásquez Jiménez, the candidate for the Citizens’ Action Party (PAC) in Nicoya and a former mayor himself.

“I believe in the participation of each district represented by different groups.”

Costa Rica Real estate

Tuesday, July 18, 2006

Panama Real Estate: Paradise Found in a Booming Market for Retirees, Others


With the US hurricane season approaching, $100 per barrel oil on the horizon and the nation on the verge of recession, many US and international retirees, second home purchasers and investors seeking a better quality of life are taking a serious look at the country of Panama.

Las Vegas, NV, July 17, 2006 --(PR.COM)-- Once under the stranglehold of political oppression, Panama has emerged as one of the world's best retirement opportunities according to several industry leaders. The Pinkerton Group rates Panama as one of the world's safest countries. And let's not forget the real estate boom that is in the early stages of a potential boom. Panama Real Estate Professionals helps retirees, second home purchasers and investors identity opportunities in Panama. "I have seen the level of interest in Panama greatly increase in the past year and especially in the last couple of months given the current state of the US economy" said Panama Real Estate Professionals principal Gary Gilbert.

With the US Dollar as the official currency, many real estate purchasers are able to buy property for one-third or more less than comparable properties in the United States and abroad. Modern oceanfront high-rise condos dot the skyline of this cosmopolitan, world class city some compare to that of Dubai. Just a few hours away, tropical, mountain settings offer a haven for those seeking a non-city eco experience.

Most residents speak English and other world languages as Panama has become a very diverse society for those around the world seeking a better quality of life. One of the world's largest banking centers, Panama is home to almost one hundred worldwide banks. The Panama Canal is a tremendous asset to the country's bottom line both business and tourism-related. World class infrastructure includes telecommunications, hospitality, and roads offering the ability to swim in two oceans all in the same day.

Under four hours to fly from Miami, Atlanta or Houston, Panama is indeed paradise found.

Gary Gilbert
Real Estate Professionals
Panamarealestateprofessional@yahoo.com
404.784.5759

Monday, July 10, 2006

BlueWhiteProperties.com Real Estate Costa Rica and Panama

Welcome to Blue White Properties Blog. In this blog, we intend to post important news regarding real estate investing in Costa Rica and Panama and important information to move or migrate in the region.