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Real estate expert Carlos Robles, current head of NAI Costa Rica considers the country´s coastal development as a great performance. According to him location, still competitive international prices, government´s policies toward national parks and protected areas are key aspects when trying to explain the country´s real estate success in the entire Latin America.
Costa Rica is ranked second in Latin America when judging the level of investment and real estate development. Colombia and very specifically, the city of Bogota is currently number one. But being the second in line is not bad at all. Totally opposite it is a great achievement when you come to think about Costa Rica as a country of services, with very little industrial production and still very dependable of agriculture.
However, its high literacy rate, its great labor forcé as well as great environmental and conservation government policies have lead the country to occupy an important seat when thinking about regional real estate development.
According to Mr Robles the phenomena in Costa Rica started as a coastal boom which has been steadily moving toward the rest of the country and lately being concentrated in the Ce n t r a l Valley in the form of Free zones and business centers.
“Costa Rica´s coastal development has experienced and considerable growing in recent years. Specially the regions known as Central Pacific and North Pacific. The Jaco area has been specially benefitted by this trend while other areas such as Tamarindo in the northern region have experienced a messy development. As a result of this weare now witnessing thefurther development of the Country´s South Pacific región”.
The difference attracts the investor
According to Mr. Robles, what makes costa Rica a country really attractive for foreign investment is the fact that “we differentiate from other destinations. Our beaches are not white and our waters are neither tourquaise, as in Cancun or Aruba, for instance. Our beaches are different than some other destinations and investors find the green that pervades our coast extremely different as well as attractive at the same time”, he explains. “Big hospitality companies currently investing in Costa Rica have been attracted because of nature conservation policies, the amount of national parks and conservation areas that can be found along our territory”, he adds.
Despite the world´s economic situation, Mr. Robles consider that in Costa Rica the rhythm of investment has kept a steady pace, which he attributes to the country´s democratic stability, the non existence of an army, its strategic location, very close from major United States cities, an excellent connecting network of international flights, as well as the increasing level of services and great labor force.
“Besides that, we are very close to the Panama Cana, the climate is very good year round and the country is more affordable tan cities in the United States or Europe. These aspects, among others attract the investor´s attention”. He says.
“When we think about land prices in Costa Rica we can say that there are great areas with excellent prices. Along the development of real estate Project we can see also the increasing of the level of services. New office centers, resorts, more infrastructure, there are new port facilities being developed in order to face the challenges coming from the growing of comercial ties with Asia, specially China. The short term perspectives are very attractive and positive”, he says.
When asked about the role of NAI global within this cotext, without hesitation, Mr Robles affirms that “being part of a worldwide organization such as NAI, give us the opportunity of enjoying a global platform that brings more stability to our six years company experience in the Costa Rican investment and real estate market. NAI Global is bringing to us the expertise of a world organization capable of successfully dealing with office centers, business centers, comercial developments, hospitality projects, real estate and much more. We are more than just a real estate entity, we offer global solutions to investment interests of any kind”, he concludes.
21.08.2008. 09:28
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