Costa Rica’s New Highway To The Pacific – What impact on real estate?
It’s been three months since the opening of the new Caldera highway, linking San Jose to the Central Pacific Coast, and it’s already changing the outlook for real estate in Jaco Beach and the surrounding areas.
The new highway makes the drive from Jaco to Escazu, the popular upscale suburb of San Jose, about one hour. While Jaco was already the closest beach town to San Jose, an easy one hour drive now makes it very convenient for someone to go from the city to the beach for a quick day trip. Jaco is also seeing a significant increases in rental revenues on the weekends due to the ease of access.
For the Costa Ricans and expats whom can afford it, buying Costa Rica real estate in the Jaco area has quickly become not merely an investment option but truly a second home, one they can use and enjoy on a regular basis. All of this has lead to a lot of activity on real estate in the Jaco area.
All three of the direct beachfront luxury communities in Jaco have seen nearly nearly two dozen sales in the past 3-4 months. While those three projects have been some of the most popular of late, other communities have picked up with their sales as well.
So what does it all mean, are prices going up?>/b>
Not necessarily. In most cases any sort of great bargain has already been purchased, so many of the remaining properties are those of sellers who aren’t in any rush nor motivated to let go of their property at a discounted price.
In other words for the people looking for a great deal, the options are much more limited today than they were in January. More importantly what we are seeing is a glimpse of how the San Jose market can stimulate properties in Jaco.
As more and more people continue to visit this area on a consistent basis you can be assured that local businesses will grow, infrastructure will continue to improve and the demand for real estate will continue.
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Affordable Oceanfront Condos For Sale in JacoA fun beach town for all the family.
For more information about condos, homes and land for sale in the beach town of Jaco and surrounding areas please contact our Recommended Realtors in Jaco Shawn Fletcher and his wife Hannah Fletcher
using the simple form below:
Property/Article ID Number 2541
Andrew Makarik
to@welovecostarica.comAndrew Makarik is the main editor of WeLoveCostaRica, a fan of this sunny country. He is also a loving husband and a has a lovely daughter. By being a devoted family man and the biggest Costa Rica fan, he wants to make more people feel at home there. WeLoveCostaRica unites people and helps them find new home or a new travel destination. This website is a friendly community where everyone can find not only information, but also new friends and travel pals. Andrew is also passionate about IT and programming, so he himself maintains a friendly atmosphere in this cozy environment of WeLoveCostaRica.com.
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