Costa Rica is certainly not immune from the downturn as this blog post points out. there a still a number of project being completed but they had been started long before the shoes began to drop. Unfortunately, Costa Rica will feel the negative effects more than most Central American countries because it has grown so dependent on the U.S. tourist and second home market. Prices have been driven up so high by market demand that they have a long way to fall before anyone can afford them in today's world.
Excerpts from the Costa Rican pages Blog: Since the economic crisis hit Costa Rica investment hard, halting tourist and residential projects and scaring off million dollar real estate development plans, several projects have managed to stay afloat with a positive outlook for the future of tourism in the country. Many investors will be watching the outcome of these investments intently, using them as a strong indicator for whether Costa Rica tourism has the potential to continue growing exponentially, or whether it is time to slow things down.
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