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Real Estate

Grecia Majestic: Grecia in Costa Rica, from the Air (VIDEO)

Church in Downtown Grecia The Grecia canton of the province of Alajuela is located in the northwestern edge of Costa Rica’s Central Valley. Although it is technically part of the Greater San Jose Metropolitan Area (Spanish initials: GAM), this canton is removed from the chaos that the lovable city of San Jose is often derided for. Over the past few years, a quiet expat community has been se...

Dreams Las Mareas Luxury Real Estate Development Greatly Expands in Guanacaste

The massive Santa Elena luxury resort and housing complex in Guanacaste is set to expand within its 1,000 hectares over the next 15 years with new hotels and gated communities. Such was the report filed by Cristina Fallas Villalobos of business weekly El Financiero earlier this week. Readers of The Costa Rica Star will remember that we reported on the Dreams Las Mareas beach resort earlier this...

Front of the Paradizio Condo development in Playas del Coco The Late 2014 Real Estate Market in Costa Rica

With the holiday season around the corner, real estate analysts in Costa Rica are busy preparing their forecasts for 2015. The housing market in Costa Rica has changed considerably in the last two years, and one of the most noticeable factors is the reduced participation of foreign buyers during the green (rainy) season of 2014. This does not mean that real estate agents in Costa Rica have not bee...

ventanas del mar Amazing Mountaintop, Ocean View Neighborhood in Costa Rica

Despite economic uncertainty in Costa Rica, the luxury real estate development sector has experienced a solid year. This is specially the case in the Gold Coast beaches of Guanacaste, where developers are continuing to build exuberant gated communities in the highlands so that residents can enjoy sweeping vistas of the Pacific Ocean. One such project breaking ground at this time is Las Ventanas de...

Costa Verde Hotel Aircraft Repurposing in Costa Rica Gets Recognition

El Avion Restaurant and Bar, 22 Manuel Antonio Road, Manuel Antonio, Costa Rica Two major tourism spots in Costa Rica are made from decommissioned aircraft that used to fly around the world. The Costa Rica Star has previously reported on these two unique attractions: One is a former United States military cargo plane with an interesting Cold War background that has been converted into a bar...

waves at the beach in costa rica Buying a House in Costa Rica’s Gold Coast, Part 3

Tamarindo Beach in Guanacaste Costa Rica On the third and final installment of Kristine Gorman's real estate adventure in Costa Rica, she runs into a snag in her plans of acquiring an investment property in the Gold Coast beaches of Guanacaste. Still, the Boston accountant persevered and is now one step closer to her goal of retiring in our country with her family. You can read Part One her...

Cloudbridge For Sale in Costa Rica: A Cloud Forest Reserve (VIDEO)

In this video by U.S. journalist and videographer Elizabeth Donatelli, she visits the vast Chirripó National Forest of Costa Rica and somehow manages to hike up a cloud forest reserve in her sandals. Then she turns into real estate agent and tries to sell you the amazing Cloudbridge Nature Reserve. For $899,000, it is a bargain; however, absent landowners need not apply: A contractual ownership cl...

Punta Loros Planned Luxury Resort in Costa Rica Moves Ahead

Punta Loros, a planned luxury resort and development property that spans 800 acres in the Central Pacific coastline of Costa Rica, recently tendered its environmental impact study to the Technical and Environmental Secretariat (Spanish acronym: SETENA). The study is an important part of the compliance process required to make this ambitious project a reality. According to a news report by Spani...

Costa Rica Beach Buying a House in Costa Rica’s Gold Coast, Part 2

On Day Three of her Costa Rica real estate adventure, Boston accountant Kristine Gorman gets even closer to fulfilling her dream of retiring in our country. On Days One and Two of her trip to Guanacaste, Kris and her family stayed in Playa Flamingo and were very close to making a formal offer on a home on a condo in Tamarindo Beach. To learn more about Kris and her expat mission, read our previous...

Paya Flamingo Buying a House in Guanacaste, the Gold Coast of Costa Rica

Source: Flickr Kristine Gorman is a tax accountant from the New England region who is planning on becoming an expatriate in Costa Rica. She is 41 years young and is looking to one day retire here with her significant other and their 2-year old child. She was recently in Playa Flamingo, looking at properties in one of the Gold Coast beaches of Guanacaste. She has been kind enough to share her e...

Mel Gibson Once Again, Mel Gibson Lists His Costa Rica Mansion

One of the most famous properties in Costa Rica is once again up for sale. Hacienda Dorada is located in Playa Barrigona, one of the vaunted Gold Coast beaches of the province of Guanacaste, and it is owned by Hollywood star Mel Gibson. A cursory search of news reports published by The Costa Rica Star in the last three years indicates that this is not the first time Mr. Gibson is looking for buyer...

casa costa rica This is How You Register Your Property in Costa Rica

Whereas most foreign real estate buyers and would-be property investors in Costa Rica are mostly concerned with getting a good deal with regard to purchase price, what they should really be thinking about is how to properly enter and document their properties in the National Registry. Hasty or careless attempts at registering properties will only help to create a mess that will not be easy to reco...

front view of the luxury house in valle del sol costa rica A Second Real Estate Development Boom in Costa Rica?

During the first decade of the 21st century, Costa Rica went through a very active period of real estate appreciation and land development. This period coincided with a housing market bonanza in the United States, which came to a crashing halt in 2008 and is widely considered to have been one of the precipitating factors of the global financial crisis.   To a certain extent, the develop...

Container Laboratory at TEC Ecologically Friendly Construction Techniques in Costa Rica

Due to the mild and welcoming weather that can be enjoyed throughout most of the country, Costa Rica is an ideal location for eco-friendly construction techniques. This is a country that has pioneered many sustainable practices over the years, particularly with regard to residential construction materials and techniques. To this end, “eco bloques” (eco-bricks) have been attracting plenty of at...

Playas del Coco Real Estate Playas del Coco Offers Great Real Estate in Costa Rica

The housing market in Costa Rica has been picking up steam in 2014, particularly in the Central Valley and the sprawling Greater San Jose Metropolitan Area (Spanish initials: GAM). The real estate sector, both commercial and residential, enjoyed strong performance in the bottom half of 2013, and the rising middle class seems to be in a hurry to own a piece of the GAM. This urgency is leaving the d...

double garage on the front of the santa ana real estate house “No Speculation” in Costa Rica’s Housing Market

Although real estate prices in Costa Rica are among the highest in Latin America, the Chamber of Construction does not seem to believe that speculation is affecting property values in the housing market. In a recent interview with journalist Diego Bosque of national news daily La Nacion, Chamber President Guillermo Carazo explained that current profits earned by large residential projects are not ...

A home in La Guacima Single-Family Homes Still Rule the Market in Costa Rica

A home in La Guacima Despite a growing interest in high-rise condominium towers and apartments among home buyers in Costa Rica, detached single-family residences are still preferred by 66 percent of house hunters. Such was one of the main findings of a research survey conducted by consulting firm Gutierrez and Gallardo and reported by Juan Pablo Arias of business weekly El Financiero.  ...

Source: Wikimedia Commons Calle Matapalo: Valuable Land That Cannot be Sold

Source: Wikimedia Commons The upscale Guachipelín district in Escazú is home to the most exorbitant real estate markets in the Central Valley of Costa Rica. The rule of thumb in this neighborhood seems to be: The closer you are to the Multiplaza shopping mall, the more expensive the land will be. It is here that we find Calle Matapalo, a narrow neighborhood of just six homes and a pulpería (co...

Source: Chamber of Construction Residential Construction in Costa Rica Hopes for Better Days

Source: Chamber of Construction The first half of 2014 has not been very auspicious for construction firms in Costa Rica, at least compared to previous years. According to forecasts by the national Chamber of Construction, economic activity in this sector has been marred by a loss of 10 percent in terms of square meters built. A major issue has been the United States dollar strengthening to ap...

Source: Revista Paquidermo Creative Commons Pretentious Much? Naming Real Estate Projects in Costa Rica

Source: Revista Paquidermo Creative Commons The widespread development of high-rise condominium towers and gated communities in Costa Rica is creating new trends. We are seeing an influx of Mediterranean-style residential architecture and amenities such as playgrounds, picnic areas and car-washing spaces. We are also seeing kitschy and highfalutin naming schemes that evoke certain aspirations ...