Costa Rica: Monte del Barco Project Selling Lots

The real estate developer of tourism projects expects to raise $ 10 million in order to fund construction works in 2011.

Monday, January 31, 2011

Lanzo Luconi, director of Aldesa Investment Fund, the concessionary of the project, said that they still have not defined how many acres will go on sale, as well as the size of the lots.

"Monte del Barco is one of the oldest companies in this tourist area (Golfo de Papagayo), administered by the State since the early 1990 with a view to making this area of Guanacaste a cradle of tourism and investment," added Ana Cristina Camacho in her article in Elfinancierocr.com.

More on this topic

Interest Grows in Panamanian Pacific Coast

August 2009

Foreign investors are interested in purchasing lots, both in the coast as well as the interior of the province of Darién.

Offers for the lots range from $1.000 an hectare, without property title, to $3.000 for terrains with property titles.

" ... Americans and Colombians are the most interested. In the long term, they expect to invest in tourism centers or teak plantations", reports Prensa.com.

Sale of Lots in the Colon Free Zone

March 2012

A bill will allow the sale of the land in the Colon Free Zone to companies who are currently renting the spaces they occupy.

The government plans to gain revenues of $100 million from the sale of land in the Colon Free Zone, while acknowledging that it still does not know "how much will be raised in total because there have been no commercial appraisals of the land," according to the minister Frank De Lima.

Realtors Attempt to Halt Lot Overpricing in Costa Rica

May 2010

In the province of Guanacaste, many real estate properties are being offered at much higher prices than their market value, in stark contrast with the sector’s depressed reality.

Attempting to put a stop to this practice, the Costa Rican Realtors Chamber (CCBR) has issued new internal regulations among its associates.

Tocumen Could Buy 300 Hectares

October 2009

Tocumen International Airport would be negotiating the purchase of 300 hectares of land for its expansion plan.

The lots are owned by the University of Panama (Universidad de Panamá), who would be engaged in conversations with the Airport's administration to close the deal.

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