Prados del Sol - some comments from Peter Horwood then Paul Wells
The following is exerpted with permission from Tico Time. It was written about the
Prados del Sol project by Paul Wells of Tico Time (Tico Time was the promoter of
the first about 2/3rds of the Prados del Sol project). Prados del Sol was the first purchase I chose for Costa Rico (Tico) and I am pleased to recommend Prados del Sol.
A driving force for this being a great investment is a very low supply of vacation properties
being pursued by a very high number of interested buyers. Right now (2010),
there is a lull, they aren't
selling as well as they were in 2008, but I think they will still sell out during the recession, and if you are one of the owners and you
aren't buying for your own personal use, you should be able to sell at a large profit
again within a couple years. So personally, whether it is for yourself or for profit,
I think now is a great time to buy. So without further ado, lets look at what Tico Time says:
Costa Rica - the Perfect Investment
Climate
The third element that contributes to this perfect investment
climate, as far as our [Los Suenos Tico Time's] Prados del Sol offering is concerned, is the strong
predevelopment pricing discount offered to buyers of these villas.
Buying at the predevelopment phase saves you 7.5% off of
list prices for these units, saving you thousands of dollars up front. [And given the increase in land value
the past year, it is actually MORE than a 7.5% saving on what they will be selling
for when the predevelopment phase is done. But to be honest, I will be shocked if
there are any that will be selling new at that point since it seems all of them
are going to be snapped up over the next couple months.]
Couple predevelopment pricing with the low supply/high demand
environment for vacation property in Costa Rica and it is easy to understand how
you can literally pay yourself to live near the beach and experience the ‘Pura
Vida’, or pure life!
Returns on vacation properties of well over 40% are the
current norm in Costa Rica.
High returns will continue to be the situation for at least five
more years while developers work to bring supply in line with demand. Now is the
time to buy!
What is Tico? Tico is the local name for people who live in Costa Rica. As a result,
some people talk about Tico Properties, or talk about Tico opportunities.
-- Paul Wells, Los Suenos Tico Time
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