If you are looking for a good place to invest in, the central districts of Guanacaste may be of interest to you. Nicoya, Liberia, Santa Cruz, etc. are beginning to gain positioning in real estate development and have attracted greater intention to build commercial premises.
The reasons why Guanacaste properties have gained greater attraction are the following: population expansion, infrastructure, location and tourist and commercial growth.
In addition, according to Fabricio Riggioni, the consultant specialized in the Guanacaste area for Nativu, the projects that have been developed in the province, not only take advantage of the best of the primary resources of the place, but also propose innovation. Both by foreign and local investors.
The regions of Costa Rica have tremendous potential, as places where the most beautiful natural scenery can harmonize with healthy and creative real estate developments. Guanacaste specially has had a significant economic growth in the last 3 years.
Fabricio Riggioni – Nativu Consultant in Guanacaste
Growing Population
Currently, according to data published by the newspaper La República and the La Voz de Guanacaste site, the province has demonstrated the potential to become the new business center of the country. Because of this, the population concentration in the region has grown, instead of relocating to the GAM, as it has been practiced since the last century.
It is due to this growth, that the demand for real estate complexes, whether for housing, work, education or services, has been pressed to the market. So, the province has received support and incentives to improve the job and education offer of its inhabitants.
The Crystal Sands Condominium is one of the many great options offered in the area
As a result, this has also helped to decongest downtown San José areas and improved competitive advantages, in terms of services and coastal industry.
Infrastructure improvements
The present government has strived to improve the services and infrastructure of the area, in order to reactivate it as an economic and housing center. For example, the newspaper La República again states that in 2017, 176 billion colones were destined for the aqueduct and road optimization project.
While for the maintenance of the Daniel Oduber airport, 10.3 million colones were invested. Consequently, the quality of life and the influx of foreigners, who not only visit the country for vacation, but also to invest in the area, has increased significantly.
The growth in constructions and commercial extensions in Nicoya, showed a growth of 630% between 2010 and 2015. The rest of Guanacaste grew, on average, 52% and the country 20%.
Federated College of Engineers and Architects
Strategic location
The province of Guanacaste takes advantage of the natural and climatic factors, which have given it the reputation of being a high quality tourist center in Costa Rica and the world. And while the hotel industry is one of the most requested markets in the region, other types of buildings have gained ground exponentially. These include mixed-use projects, residential complexes and offices.
Similarly, it is vital to mention that the province produces 27% of the wind and geothermal energy consumed by the country. In addition to offering free zones and industrial parks such as Solarium Business Park, which is the largest mixed-use industrial megapark in Central America.
Therefore, it is shown that Guanacaste has potential in the real estate investment sector, being an area that proposes innovative and high quality projects.
