Real Estate Investment in Guanacaste

©image: Henning Leweke

“Imagine a car in a six-lane road travelling at 120 kilometers per hour. Suddenly, if finds itself in a gravel road, full of street holes, and the car must slow down to 20 kilometers per hour if it intends to stay apiece”.

This is how Ana Cristina Camacho Sandoval pictures the current situation of Guanacaste’s tourism real estate industry, a province that receives the wealthiest tourists. In an article in Elfinancierocr.com, she details the status of some of the top real estate projects in the area.

Source: elfinancierocr.com

More on this topic

Costa Rica: Monte del Barco Project Selling Lots

January 2011

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

The Monte del Barco Project in Costa Rica

December 2011

The crisis of 2008 halted the development of the ambitious project in the Gulf of Papagayo tourist hub, and solutions are being sought to maintain it.

The project is owned by Monte del Barco Real Estate Fund, administered by Aldesa Investment Funds.

There is need to resolve the financial situation of the project in order to continue with its development, so solutions have emerged such as the purchase of lots by the same investors in the Fund, which so far has not been successful, and the transfer of part the land to a group of providers in exchange for building the basic infrastructure so as to enable the project to continue.

Less Investors, But More Active Ones

January 2010

In Costa Rica, investment funds grew 16% in 2009, in spite of losing almost 10% of their investors.

During the past financial crisis, the Costa Rican market turned out to be more stable than international markets, making it a relatively safer place for storing capital. Because of this, assets managed by investment funds grew to $2.48 billion.

Hyatt signs agreement with Aldesa from Costa Rica

December 2008

Affiliates of Global Hyatt Corporation and Aldesa Inmobiliaria have announced the signing of a management agreement for Park Hyatt Monte del Barco in Guanacaste, Costa Rica, due to open in 2012.

The 140-room resort will be located in the bay of Culebra, within the province of Guanacaste on the Pacific coast of Costa Rica, where Aldesa together with US-based resort designing company Winding Road, are developing Monte del Barco, a premier luxury lifestyle estate.