Price dropped on Casa de Luz 2376 Via Guapinol in Playa Langosta, Playa Langosta

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“One of Costa Rica’s Finest Beachfront Estates”

Announcing a price drop on Casa de Luz 2376 Via Guapinol, a 7200 sqft , 6 bath , 7 bdrm 2 story “Spacious and Airy”. Now FOR SALE  USD3,699,000 . ''Below Replacement Cost-Irreplaceable''

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Single Story For Sale in Playa Tamarindo, Tamarindo

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Affordable Entry Level

•  900 sqft , 2 bath , 2 bdrm single story FOR SALE  USD149,900 . Priced to Sell!!

If you are looking for your getaway spot in Paradise, that will pay for itself while you are away….this is it! This clean, well kept, 2 story, 2 bedroom condo is centrally located and only a 5 minute walk to the beach and all amenities in Tamarindo. The main level has been updated with new kitchen,storage area plus extra 1/2 bath. Second level has 2 bedrooms plus a full bath and 1/2 bath. This delightful condo sits amongst lush green tropical gardens which blend to add peace and serenity within the development. Fantastic rental due to the central location and convenience to all Tamarindo has to offer. This condo comes fully furnished and priced to sell at $149,900 US! Check this one out……a must see!

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Tamarindo Real Estate Report-November 2018

Tamarindo Real Estate Report-November 2018

Recent Sales and Market Conditions-The rains have begun to dissipate and the transition into high season is in full gear. The area saw many sales and closings across the board in all different market segments. From entry level to high end homes there have been sales across the board. Even a beautiful and well-known high end hotel spa sold, which was on the market for years incidentally. Prices have seemed to turned sticky-side-up in general, but there are still a few properties due for a price drop (ie. the luxury high end segment).

Marco Economic Outlook 2019-Costa Rica has been running a high debt to GDP ratio for the last decade or so with this year’s deficit expected to rise to 7.2% of 2019 GDP. With public sector unions, and even the judicial branch, unwilling to cut their extraordinary benefits as compared to those of the private sector something has to give.  Add in the pressure from the OCDE and IMF to raise taxes, cut spending, and lower interest rates it looks like this will end badly. One cannot spend more than one earns forever.  Either way we see further erosion in the value of the Costa Rican colon, associated  with rising inflation, high unemployment and far lower growth in the aggregate than in past years. On the other hand our area is experiencing even further growth  given the vast amount of foreign investment and interest that has been prevailing the last 3-4 years.  We expect international tourism to keep rising with more flights and arrivals into both international airports located in Liberia and San Jose.

Short-Medium Term Outlook- To conclude, it is quite possible we see a micro boom here that will help ease some of the pressure on the central government by bringing it some much needed tax receipts. Whatever the case, and as in other times of financial and economic upheaval, change will  bring  opportunity for the savvy investor and the beat will keep on.