| “JACO
IS BOOMING” is the title of a recent independent report about Jaco
appearing in the Economic section of La Nacion*, Costa Rica’s leading newspaper.
The report confirms Jaco not only has been developing at a dramatic pace
but also, as it enters the second developmental stages, the pace will be
even faster.
Jaco’s
strong development trend was confirmed when the Costa Rican government
announced construction of the long-planned major highway from San Jose
to Caldera, the country’s principal Pacific port, will commence in April.
This highway
will intersect with the Costanera, the main road to Jaco and the towns
of the Central Pacific zone. Driving time from San Jose and Costa
Rica’s main international airport to Jaco will be reduced by approximately
one hour from present 2- 2 ½ hours.
Property and
condo prices in Jaco have anticipated this connection to the Costanera
over the past few years. |
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However,
as highway construction has now become a reality, prices not only will
continue their steady increase but very likely at an accelerated pace.
One only has
to consider the demand for land, and the number of new developments, in
Guanacaste when the Liberia airport opened a few years ago. The pace of
development and increasing land prices has not leveled off.
One developer
in Jaco has emerged from this highly competitive market as the undisputed
leader. The developer’s successful eight condo projects is confirmed by
sales and re-confirmed by pre-construction sales.
Buyers independently
determine whom is this leading company based on a number of tangible and
intangible factors. Number one, of course, are sales, which is the market’s
definition of success. Location, with direct access to and/or views
of the beach is of paramount concern.
A distinct
tangible investment advantage for condo buyers exists if the developer’s
property titles are legally registered to the Costa Rica 50-metre maritime
line. |
| Properties
so registered always have a higher re-sale value. All of the properties
of this Jaco developer are correctly registered to the 50-metre line.
Diversified
Financial Services, S.A. (DFSA) is a registered Panamanian company formed
in 1980. David F. Sagel, an investment consultant permanently resident
in Costa Rica since 1981, is the company’s founder and president.
Whilst certainly
not infallible this long and varied investment and counseling career has
contributed to his ability to recognize immutable requisites for a successful
Costa
Rican real estate investment. Of equal importance is the ability
to recognize high-risk promotional projects characterized by the old saying
“let the buyer beware”.
Purchasing
a condo from Jaco Beach’s acknowledged leading developer, at the
inception of Jaco’s second developmental stage, could lead to memorable
vacations and retirement. And a profitable short-term investment.
Sophisticated
investors in Costa Rica always follow the leader. Especially in
Jaco. |
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