Costa Rica Real Estate
Investment Focus Stretches South
Though Guanacaste real estate, along Costa Rica’s Gold Coast, is still one of Costa Rica’s best bets for purchasing and investment, recent improvements in infrastructure lead experts to believe the Southern region of this Latin American country may be the next big location for Costa Rica real estate. After Costa Rica’s first real estate boom following the expansion of the Liberia Airport, we saw Guanacaste real estate grow exponentially. The region not only boomed with luxury resorts and high-end developments but highways were added and reworked as tourism and demand soared. Now with recent plans for infrastructure improvements in the Southern Zone, similar growth is expected as the region goes from an area of low to high demand.
Palma Sur, in Costa Rica’s southern zone, is now receiving international status as Costa Rica’s Civil Aviation Authority announced plans for a $42 million dollar expansion to the Palmar Sur Airport. Runway expansion will begin in 2014 and terminal expansion, along with the addition of transatlantic flights will be added in a second phase of development.
In addition to the expansion of the Palmar Sur Airport, Costa Rica real estate in the Southern Zone is also expected to boom as other support infrastructure has ramped up, including the addition of the new Caldera highway and the expansion of the Costarena Sur highway. As more tourists find easy access to the southern zone, real estate and property values are expected to experience positive growth and attract greater attention.
Costa Rica Real Estate Experts Excited for Another Boom as Investors Look South
With the growth of the Palmar Sur Airport, road expansion and other infrastructure improvements and even the addition of a fully functional hospital in the Southern Zone of Costa Rica, this region is expected to mirror the growth witnessed in the northern region of Guanacaste during Costa Rica’s first real estate boom. Real estate in Dominical has already seen a rise in sales and is steadily gaining the attention of developers and investors. Located just 60-miles from Palma Sur, the growth in Dominical real estate is a good indicator of what can be expected in the surrounding areas. As infrastructure amps up and international access expands, the Southern Zone has Costa Rica real estate experts excited about the next big boom.
Original Article by Michael Klein: http://www.worldpropertychannel.com/featured-columnists/costa-rica-report/costa-rica-southern-zone-investment-costa-rica-property-costa-rica-palma-sur-national-airport-7671.php