Real estate investors take note: Purchasing a new home in Las Heliconias makes more sense than a short sale or foreclosure in the United States.
Puntarenas, Costa Rica – April 1, 2012. Las Heliconias is a new, one-of-a-kind residential project located just 250 yards (229 meters) from Playa Agujas in the Central Pacific coast of Costa Rica, right on the edge of the Carara National Park. Playa Agujas is a pristine, black-sand beach just minutes away from the exclusive world-class tourist resorts of Punta Leona, Villa Caleta and Los Suenos, and yet it is only known to a few locals.
Playa Agujas is just the way Costa Rica used to be decades ago, before private investment and the resort industry moved in. The fact that there are no high-rises or commercial strips bustling with stores, bars and loud nightclubs in Playa Agujas makes it an unlikely candidate to appear in tourist guides. This dark, brown-sugar sandy beach is a proud recipient of the Blue Ecological Flag, a coveted designation issued by the Costa Rican government to the cleanest and most eco-friendly beaches and communities.
Las Heliconias is private, gated and strategically tucked-in to ensure the safety and comfort of residents. The project is surrounded by the lush flora of the neotropics, thereby attracting a generous amount of colorful wildlife. The Carara National Park is home to both dry and humid rainforests, and thus it is rich in biodiversity. Some of the resident fauna in Carara includes magnificent felines like ocelots and pumas, many frog species, and over 360 bird species -including the colorful Lapa Roja (red macaw).
Real Estate Investment Outlook
At a time when the green shoots of a housing recovery in the United States are not sprouting fast enough, real estate investors looking for fresh opportunities are considering the glut of foreclosed properties and short-sales left by the Great Recession. Median home prices in the U.S. are at their lowest levels in years, and mortgage interest rates are also at record lows. Still, the outlook for American real estate investors is far from certain.
Just when real estate analysts thought that home prices in the U.S. had hit the proverbial bottom earlier this year, the evidence indicated a different situation. If anything, the recovery of the American housing market will probably happen in faint fits and starts.
The situation is rather different in Costa Rica. National business publications have indicated that real estate in many parts of the country appreciated by 15 percent in 2011 on a year-over-year basis. In other areas, the appreciation was a staggering 50 percent. A lot of this appreciation in home values is due to the announcement of major development projects, such as new international airports and improvements to the highway infrastructure.
The First Phase of the Project
The comparison between purchasing a short-sale or foreclosed home in a former red-hot real estate market in the United States -such as Phoenix in Arizona or Cape Coral in Florida – and investing in Las Heliconias is definitely apples to oranges. This is what you can get at Las Heliconias’ initial phase:
- The best location: Playa Agujas, a little over an hour away from the capital and minutes away from exclusive resorts.
- The lot: 400 square meters on average, surrounded by lush nature.
- The floor plan: three different models to choose from, each featuring two bedrooms, one bathroom, kitchen, living room, dining area, and outdoor terrace. A certain degree of customization is allowed.
- The value-added features: air conditioning units in every room, refrigerator, stove, washer, dryer, kitchen countertops, and partial cabinets. Las Heliconias will have a swimming pool with showers and a lounge terrace, as well as 24/7 security.
- The price: less than $100,000 (USD), all inclusive.
- The opportunity: lots priced at $45,000 can be financed for ten years with just $10,000 down. Lot and home combinations can also be financed over ten years with $55,000 down.
Living at Las Heliconias means enjoying Costa Rica as she used to be long ago. The focus is on quality of life, not unbridled beach resort development. To find out more, contact:
Las Heliconias Playa Agujas – (website) www.lasheliconiascr.com
In Costa Rica
- Jaco Office: (506) 2643-2691
- Grecia/Atenas Office: (506) 2444-0582
From the U.S. or Canada
- Toll Free Jaco: 877-284-6843
- Toll Free Grecia/Atenas: 877-614-8079