Archive for the 'Costa Rica Business Panorama' Category

Costa Rica Real Estate Prices: Fair?

Lately there have been ongoing issues regarding prices on properties in Costa Rica. A few days ago I was commenting that prices in Costa Rica real estate are quite cheap for us foreigners and that it is possible for us to purchase a nice luxury villa in a paradisiacal location for a lot less a normal home costs in the United Estates. Which is great for all of us ex-pats looking for a nice place to retire and rest, but it is a nightmare for people in Costa Rica who want to rent or buy their own place.

 

Rent prices in urban locations have gone crazy high and not at all affordable for the regular mid-class Tico. In Costa Rica, apartments and homes for rent in locations near usual work places for mid-class professionals will cost as much as one person’s month salary in the best case scenario, some regular sized homes will cost even more than a regular Tico makes a month, especially in the San Jose areas where most people go to work.

 

Lovely view from Escazu home

 

On one side Costa Rica gas prices have created a new mentality where people are trying to use less gas, so people try to get a place near their work places which has become impossible. I have learned that some people feel that real estate prices in Costa Rica are thought out for people that earn US salaries while Costa Ricans struggle to get by with salaries that do not match the Costa Rica real estate market.

 

According to some information I read, even real estate sales in Costa Rica beaches have gone down in the past couple of years, which incidentally matches a crazy increase in prices on properties. Costa Rica beaches and natural retreats are one of the most wanted locations for foreigners yet, for some reason, the prices on downtown locations has become very similar to Costa Rica luxury villas even though the ones offered are regular homes. Owners and realtors have excluded local market by offering mostly all furnished homes, which makes sense with the prices offered but turns into a hassle for Costa Ricans who need to move since in most cases they already own their furniture and appliances.

 

Longer Bus Rides: Closer to Home

Buses interlinea in Costa Rica a close reality

If you happened to live or plan to move to San Jose, Costa Rica and get a chance to use their buses there is a huge issue that cannot be miss: the poor planning on bus routes. In Costa Rica, public transportation has been going through several changes in the past few years, mostly because of the several efforts the government is making to safe gasoline and put an end to the very bad traffic jams in the metropolitan area. It is obvious that in Costa Rica there are more cars than the roads can manage, therefore traffic jams and huge ground holes are a common issue in down town areas.

 

One of the solutions was the addition of the Tren Urbano, Costa Rica’s old train back in business has become a great solution for people who need to travel from the east to the west and viceverse, cutting up traveling time by half and giving a choice for people who used their car on these route. They are actually considering including a route from San Jose to Heredia to help with traffic problems in the Prospero Fernandez highway, although it appears that including this route in Costa Rica transportation between provinces might cost more than expected.

 

Another awesome resort (still in the works) is the fist Interlinea buses in Costa Rica. This was offered a while ago and unfortunately there has been quite a lot of planning and several discussions about it, yet it appears that the issues preventing the route to begin operations are resolved and it might start running next month. Costa Rica business expectations with this new route is to avoid having people waste time going downtown to otherwise close neighborhoods.

 

This change will be very beneficial to properties in Costa Rica that are not so easy to access in the main cities and for sure will show a price difference in real estate. Costa Rica is now on great path with all these transportation improvements.

Costa Rica film industry: it has begun

El Cielo Rojo: A Costa Rica movie

 

To some people Costa Rica is a just a huge rainforest in the middle of the continent where it would be nice to take a nice long vacation. To some other people, it is an island with pristine beaches where surfers go to hide (It is not an island by the way) and to some of us Costa Rica has become our home and we are happy to embrace everything that comes along with becoming a Tico.

 

I am fool for culture and arts, so I take my time to indulge myself with local crafts and let me tell you, Costa Rica arts are quite impressive, it actually amazes me that they don’t get more spotlight around the world: paintings, photography, music and believe it or not, film making. There have been a few films made in Costa Rica, yet there was no school for film production up until a couple of years ago. This month there are three different film productions from Costa Rica featured: El Cielo Rojo (100% Tico Pop Corn movie), El Camino (several countries from Central America and mainly Nicaragua and Costa Rica were part of the production) and Ta Tau (a documentary on psychological views on tattooing). Most of these films were made with very little budget but the talent has given great critics to the pieces.

 

I have checked newspapers and seen interviews on television and Costa Rica artists are very proud to showcase their work, according to reviews I have read the audience is very amazed and thankful. Although there have been some difficulties young people have raised their voice claiming to be taken seriously in the industry, which I must admit: I admire. Costa Rica has shown potential and the carriers of that potential are here to stay.

 

It is definitely worth to check that cosmopolitan side of Costa Rica treasures, the insight of the culture itself and how technology is becoming a huge part of the evolution of the arts industry in Costa Rica. Soon Costa Rica real estate will not be one of the most important markets in the country and arts such as photography, film making and music will take its place. I strongly recommend you try to get a glimpse of these pieces of work; they are definitely amazing pieces of art.

How to get an address in Costa Rica

Everyone has needed directions at one point of their lives, especially in foreign countries. We have stopped and ask for a location many times in our life and have probably gotten the correct information. In Costa Rica, addresses are not so easy to understand. There is a very unique issue in Costa Rica: locations such as streets and avenues are not named. According to some people they were named at some point, and some people will claim they now their street number and aware of which avenues go by where, but it may not be true.

 

There are specific ones that everyone knows, most of them in down town San Jose: avenida 10, avenida central and avenida segunda are the ones people know the best, not because they are named but because is common knowledge in Costa Rica to know this information. If you happened to need directions for a restaurant they will use key points to guide you: a sleeping dog, a famous building or store, a library that went out of business so you can no longer see the sign or a cut off tree, very weird things like that, Costa Rica directions are definitely priceless.

 

 

Nameless street in Costa Rica

 


One tends to get used to it just because it comes with being a Costa Rica citizen and because people don’t really know any other way to give directions. But now, all of those freaky directions will be over! Grupo Corporativo M&M designed a project that will begin installing the first street signs in the municipalities of Tarrazú and Limón in the coming weeks; San José will follow as the next municipality to get street signs on its roads before the end of the year. Costa Rica was the only Latin-American country without street signs and people just got used to it somehow.

 

The iniciative and project will help postmen and regular citizens a lot; sometimes giving directions was a struggle, especially for people in rural areas where there are not so many key points. Other municipalities in Costa Rica that will get street signs will be Nicoya, Pococí, Siguirres, Alajuelita, Curridabat, Heredia, Alajuela and Cartago.

 

 

 

 

Costa Rica: peace will pay up!

This information really makes proud about choosing to move to Costa Rica. Reading the news yesterday I found a little piece of history that supports my idea of how wonderful a world without an army (like Costa Rica has lived in for over 50 years) could be better.

 

Since 1980, Costa Rica, the first country in the modern world to abolish its army, was chosen to become head quarters of a very important institution: Established by the United Nations, University of Peace is an independent university for postgraduate studies. From Costa Rica, University collaborators have been establishing programs in Africa, Central Asia, the Asia Pacific region, Latin America and the Caribbean, Europe and North America where they aimed to teach inhabitants to do things based on the UN Charter, the Declaration of Human Rights.

Statue at the University of Peace in Costa Rica

 

One of the main reason why Costa Rica has become a top destination for both vacationing or relocation is the fact that the way of life in this country is based under a “peace comes first” ideal and this view of the world has catapulted Costa Rica destinations to be part of the most important in the world.

 

The University of Peace was established in Costa Rica because of that view and because that view is exactly what they want to portray and teach the world. From Costa Rica, they have managed to expand missions defending peace and human right all over the world. At this moment, John J. Maresca, the Rector of UPeace is beginning the expansion of the University to take detailed care on Human Rights issues that may have been neglected in the past. Graduates of the University of Peace are now leaving Costa Rica to become spokes persons for peace and the respect of human rights all over the world.

 

Now, this reassures me that relocating to Costa Rica was a great idea. Sometimes, real estate in Costa Rica focuses too much in the cold areas of property selling and forgets that buying a property in Costa Rica not only includes a piece of land, but also includes learning to live a place where guns or fights have never had the last word.

Costa Rica to receive health clinic from China

Old Costa Rica National Stadium

The old Costa Rica National Stadium is gone for good


Apparently not only the Costa Rica athletes are working hard back in Beijing Olympic Games: The National Olympic Committee of Costa Rica (CON) has confirmed that on Thursday they finished up negotiations to receive help from the Chinese government to create and developed sports medicine clinic plans to exchange efforts to train athletes and coaches.

 

The help was requested by the president of the CON Mr. Roberto Verdecia and the idea of a sports clinic in Costa Rica has been projected by the CON since this pat June. The project was supported by the National Counsel of Sports and the Caja Costarricense del Seguro Social (CCSS), entity in charge of health issues in Costa Rica. The idea was proposed on a meeting between Mr. Verdecia and the deputy head of the General Administration of Sports Mr. Feng Jianzhong, who agreed to provide all the requested help.

 

The government of China has been helping Costa Rica developments for a while now, including the reconstruction and remodeling of the Costa Rica National Stadium in San Jose. The sports clinic will be an addition to the current support the Chinese nation is providing to Costa Rica athletes, encouraging young people to practice sports and find better ways to live and  be successful.

 

The good thing about these projects is not only the wonderful upgrades made to the stadium and the very necessary addition to the clinic, but the fact that China is caring for the status of sports figures and athletes in Costa Rica. The country itself has been so grateful with the Chinese nation that plans of building a little “China town” in San Jose is being developed by San Jose’s mayor Johnny Araya to pay tribute to all the given help China has provided.

Advantages and Disadvantages of Costa Rica Locations


When looking for a property in Costa Rica, I am sure you all are aware of the things you need to consider “building wise”, yet Costa Rica has a wide variety of locations and although it is a small country, the diversity of advantages and disadvantages from one location to the other can make a huge difference: Access to commercial locations, safety, type of area, access to main cities, culture and much more.

 

The more secluded areas in Costa Rica may be the most peaceful and beautiful ones, yet that same seclusion can translate into big expenses in gasoline and car repair, not mentioning that the farther the location, the more security you will need both against wild animals and perpetrators. The available real estate listings in Costa Rica may not include this type of information, so make sure you ask the realtor before hand.

 

Old house in Costa Rica

 

Lovely home for repairs: Say what!

 


If what you have in mind is a big property or hacienda like home, consider the cost of maintenance. In Costa Rica, weather can be a relentless enemy: rain, humidity, heat, dust and any kind of natural disasters such as earthquakes and storms will deteriorate your property. Proper maintenance may be pricey on big properties, especially if the location is too far away from main cities.

 

Cost of property in the main cities of Costa Rica can be pretty similar to beach homes. Costa Rica has a very neutral price range when it comes to real estate; main differences are seen depending on the location and the size of the property. If you are planning on living in the city, check for quality of services (electricity, water, telephone lines, etc). Telecommunications are very good in Costa Rica, yet some places do not have access or the coverage is a bit poor.

 

In cities such as San Jose or Heredia, there are very nice neighborhoods, but also some dangerous towns may be close to those neighborhood, ask questions about the surrounding towns and do not be afraid to investigate by yourself just in case; Costa Rica realtors will explain most of this information to you, but it is good to get second opinions as well.

 

Amazon.com in Costa Rica

We have great news for the economy in Costa Rica. According to a very recent release, the very well online store Amazon.com will begin operations in Costa Rica by November of this year. In Costa Rica there are several North American and European companies established, providing employment to thousands of people every year. All these enterprises decided to established part of their business here because of the easy access to well develop locations, the technology and because in Costa Rica education is so good there is no finding well trained employees.

 

A lot of international companies have their call centers in Costa Rica, mostly in Heredia, San Jose and Cartago. Some of the most important companies such as HP, IBM and Alienware have provided services for all over the world from their Costa Rica offices for more than 10 years. This proves that Costa Rica is ready to be of the technological advantages of the first world and will increase the economic status of the country providing good jobs for young professionals.

 

Amazon will hire about 300 employees in Costa Rica to take care of their Amazon Support Services area by next November. Amazon.com is one of the most important and fastest growing online shops in the world; just this past trimester the website generated over $4 billion dollars in sales. The official name of their call center will actually Amazon Costa Rica Support Services and will begin operations at a Free Zone in Heredia. Job applications can send through their website right now.

 

Costa Rica economy has changed a lot in the past years, giving more opportunities for people providing well paid jobs and collaborating with the social necessities of development and education. This new opportunity arrives just in time when in Costa Rica cost of living has increased too much and good opportunities are necessary.

 

Costa Rica Real Estate: Facts

In Costa Rica, real estate is a legal term like in many other countries. It refers to any type of property that involves land and/or buildings or in a fixed in location. Every country has its own real estate laws. Costa Rica for example has a very well marked differentiation between local real estate business and foreigner acquisitions. In previous articles I referred to the common requirements for a foreigner to purchase Costa Rica properties.

 

The real estate market around the world includes a variety of legal formalities that may be similar, but depending on the jurisdiction and the local laws, some formalities may change. In Costa Rica, real estate agents do not need a license to operate, but the transfer of property requires a lawyer to be processed. Also the easiest way to purchase real estate in Costa Rica is through an enterprise or company that includes a Costa Rica citizen as an associate; although there are other ways that will make the process easier depending on the property you wish to purchase.

 

Home in gated community in Costa Rica

 

The Latin American market for properties is considerably cheaper than it is in the United Estates or Europe, also tropical locations are considered an impressive investment since the value of property rises quite often. Costa Rica has the advantage of having lovely beach properties as well as rainforest areas and mountain side land, which opens up the variety of listings offered in real estate.

 

One good thing that is going on in Costa Rica is the improvements that will be made in transportation and roads, this will increase the value of some locations and open up the market to secluded areas in Costa Rica, expanding the choices of properties every where in the country. Real estate in Costa Rica has also begun to include apartment buildings in downtown areas that include luxury properties and amazing views.

 

Costa Rica Jobs


A lot of people that come to relocate to Costa Rica are not only retirees looking for a place to rest and enjoy life. I have also noticed that a lot of youngsters come here looking for work opportunities to gain experience and in some cases, immigrants from other Latin-American countries come to Costa Rica to look for better living.

 

In the case of immigrants from neighbor countries, most of them end up working in low pay jobs: cleaning houses, babysitting, as construction workers and such. It is very hard for them to get a job in Costa Rica besides those, mostly because of the background they come from: Most of the countries that surround Costa Rica are in war, or a known to be very violent, so employers do hesitate on hiring them. Yet if they prove to be knowledgeable and have good recommendations they do get a chance. Costa Rica has opportunities for every one but they do take good care of their people.

 

don't be afraid to get your hands dirty

Don’t be afraid to get your hands dirty

 


It is also very common to see immigrants from Europe and USA teaching languages: English, French, German and Italian are the top languages taught in Costa Rica. English is however very well spoken and high percentage of inhabitants is at least bilingual. That is actually one of the perks of buying property in Costa Rica: there will always be someone that speaks English nearby. French and English are taught in high school, there are also some schools that teach three languages to kids which they will fully speak by the time they graduate. Education in Costa Rica is taken very seriously and you notice this as soon as you sit and chat with a local.

 

Now, although there are several call centers in Costa Rica, you need to have labor permission to apply for a job there, so make sure you have all your documentation organized. In Costa Rica listings for jobs are found on the newspaper or online so you shouldn’t have trouble searching for a job. For young people who just want to gain experience or earn college credits, a lot of companies in Costa Rica will hire foreigners as interns for a few months, all you need to do is contact them.

 

In Costa Rica, real estate agents can al so help you with the requirements necessary to work in the country,  they will not be able to find you a job per se, but will make sure you are fully aware on how it works, the documents you need and such. Do not be afraid to ask.

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