Following the recent announcements that indicated consumer confidence in Costa Rica as an investment option has strengthened, Hacienda Matapalo, the most sought after property on Costa Rica’s South Pacific Coast, has seen a dramatic increase in inquiries.
Last month, when Moody’s Investors Service announced that Costa Rica’s credit rating had been upgraded from speculative to stable, Costa Rican President Laura Chinchilla said the country would take advantage of the investment-grade credit rating to sell bonds, citing economic growth as companies make investments in the country.
However, Hacienda Matapalo Executive Vice President Brian Albury said that news of the upgrade has had a near immediate impact on Costa Rica’s South Pacific Coast, as investors who had previously been skeptical about buying into the market are no longer hesitating to make the commitment.
“We’ve seen an unusual jump in the number of investment inquiries about our property,” said Albury. “And that has resulted in additional sales.” But the big surprise is, according to Albury, that in addition to the traditional inquiries about buying for the purpose of owning a primary home, secondary home, or home after retirement, a lot of people are asking about availabilities from an investment perspective.
“We’ve always had people wanting to invest,” he said, “but lately it seems that the vast majority of those interested in buying a home or a condo want to go the non-traditional route, meaning they want to purchase the property as an investment in their future.”
Hacienda Matapalo, which is still in its pre-construction phase, has surpassed more than $60 million in sales and had previously been selected by the popular Web site Top Ten Real Estate Deals as one of the best real estate deals on the market.
“While we’d like to take all the credit for this newfound excitement, we can’t,” said Albury. “But part of the allure to invest with us in addition to our property’s configuration and unique architectural designs and our amenities, is how Costa Rica compares to its neighbors.”
On Wednesday, October 13, Albury will present a no-holds-barred look at Costa Rica, comparing it to neighbors Nicaragua, Guatemala, Panama, Mexico and other locations in order to see if it is really the best place for purchasing and investing in real estate.
The Web-based seminar, which is free and open to the public, will examine various locations throughout Latin America on a variety of topics ranging from political and financial structures to the quality of life and the people who live there.
Albury said the goal of the eSeminar will be to correct the misconceptions about the region and to provide people with information on the various countries that is both accurate and unbiased. “People need the correct information so they can make intelligent decisions that are in their own best interests,” he explained.
The free eSeminar is scheduled for a 6 p.m. Eastern Time start and may be registered for here.
To learn more about Costa Rica and Hacienda Matapalo, visit haciendamatapalo.com
Meanwhile, Costa Rica President Laura Chinchilla recently spoke with CNN's Rick Sanchez about the democratic and economic challenges facing her country. You can view the video here.
