playa coco Aqua de lechuga guanacaste growth?

[donbuc]

Has anybody looked at this project? Its 50 uints of studio and studio loft condos 300 meters to beach. I am consdiering this investemnt and praticiapting the rental pool. One of my concerns is the amount of building of rental units available in guanacaste? Do you think supply is getting ahead of demand?

Thanks, Donbuc

[mediatica]

Donbuc, as a Realtor in Guanacaste, I can tell you that we have lots of product, but with the hotels that sell out, I push my clients to rent condos. The buyers and renters are here…It’s actually a more cost effective way to stay in Costa Rica. If you have a good property management company, you should be able to get your property rented 40-60% of the time depending on the beach area. The fact that you are close to the beach is another great rental/buying feature. Best of luck to you!

[*Lotus]

Now that sounds like a realistic occupancy rate.

[philipbennie]

we have 2 small condos in Coco for rent. I don’t know the project mentioned. Do you know exactly where it is and is that name correct? As for renting…the management company is the key. There are rental pools here that will not give you more than three or four weeks a year of rentals. Those you give high occupancy rates usually do it with long term rentals…which of course are not so profitable. We manage ours ourselves and this year so far the occupancy has been about 50%. This has been achieved with 4 websites and various ads in La Nacion (around $600 in promotion). Can give more figures and details if you are interested.

[Author]

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