No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveLuxury Constructions Along Coast Increase 85%

Luxury Constructions Along Coast Increase 85%

Luxury construction projects such as condos, villas and hotels increased 85% in 2005 along the northern Pacific coast, known for its tourist attractions, according to El Financiero.

Statistics from the Costa Rican Construction Chamber (CCC) indicate that in 2005, 596,791 square meters were constructed in the northwestern Guanacaste province, 85% more than the 306,654 square meters built in 2004.

Construction is going on mainly in beaches considered prime Guanacaste tourist destinations such as Conchal, Cocos, Flamingo, Tamarindo and Ocotal beaches and the Gulf of Papagayo.

The publication indicated that in Playa Conchal, famous for its white-sand beach, there are 27 condominiums and six villas being built and one hotel expanding its capacity by 120 rooms.

According to experts, the capital gain of properties in Guanacaste has grown between 40-60%.

For example, condos in Tamarindo can cost up to $466,500 and those in Flamingo run as much as $679,000.

Guanacaste is one of the provinces most visited by tourists in Costa Rica because of its culture, forests, beaches and the convenience of the DanielOduberInternationalAirport in Liberia, to which 48 flights arrive weekly.

Tourism is one of the main economic activities in Costa Rica; in 2005, an estimated 1.6 million tourists generated $1.5 billion.

 

Trending Now

Costa Rica and U.S. Strengthen Border Scans and Biometric Cooperation

U.S. Secretary of Homeland Security Kristi Noem met Wednesday with Honduran President Xiomara Castro to discuss security and migration, following her offer in Costa...

U.S. – Guatemala Security Pact Targets Crime and Helps Returning Migrants

U.S. Secretary of Homeland Security Kristi Noem signed a border security cooperation agreement with Guatemala on Thursday, which includes the use of drones and...

Fishing, Wildlife, and History in Costa Rica’s Barra del Colorado

Costa Rica’s Barra del Colorado is a magical and charming town. It’s one of the country’s hidden gems, best known for its world-class sport...

Costa Rica’s Pride 2025 Closing Event Bans Minors, Sparks Outrage

Costa Rica’s Pride 2025 closing event, set for June 29 at San José’s Plaza de la Democracia, was thrown into controversy when the government...

Costa Rica’s Pride March 2025 Defies Restrictions and Celebrates Diversity

A large crowd gathered in Paseo Colón, San José, to participate in the LGBTIQ+ Pride March 2025. It began at noon, as people marched...

An Expat’s Take: 5 Burning Questions About Life in Costa Rica Right Now

Have you been keeping up with the various events taking place in Costa Rica? There is always something interesting going down, and here are...
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica