PR-CANADA.net - Mexico’s Huge Investment in Costa Rica is Good News for Costa Rica Real Estate Market

PR-CANADA.net - Mexico’s Huge Investment in Costa Rica is Good News for Costa Rica Real Estate Market: "Mexico’s Huge Investment in Costa Rica is Good News for Costa Rica Real Estate Market PDF Print E-mail
Written by Editor Choice
Friday, 03 October 2008
Building on an already well-established trade agreement, Mexico is investing more than US$400 million in Costa Rica, with an emphasis on financial services, the food industry, communications and construction. The added boost to the construction sector is welcomed by the Costa Rica real estate market, especially high-end developments such as the Costa Rican Development Corporation’s Cerro Fresco (www.cerrofresco.com/), since an increased construction budget means Costa Rica real estate will become even more desirable.

Mexico and Costa Rica have been operating under a North American Free Trade agreement for thirteen years, and their bilateral trade has increased to nearly eleven times the amount reported in 1995. In August, 2008, it was announced that Geronimo Gutierrez Fernandez, Assistant Secretary for Latin American and the Caribbean, and Ambassador Edgar Ugalde Alvarez, Deputy Minister of Foreign Affairs and Worship of Costa Rica, had reported Mexico’s huge investment commitment to Costa Rica. Costa Rica real estate agencies are particularly interested in this news, as more monetary support for Costa Rica’s construction efforts will inevitably lead to enhanced telecommunications, new and better roads, and an overall improvement to Costa Rica’s transportation systems.

The Costa Rican Development Corporation (CRDC) is anticipating an increased interest in its newly constructed luxury community, Cerro Fresco, as a result of the influx of Mexico’s investment money. Located in the Central Pacific region of Costa Rica, in Jaco´, Cerro Fresco is located 1,500 feet above sea level.

Upgraded and newly developed roads will be a huge benefit for CRDC, as these will make travel to and from Cerro Fresco, as well as to and from nearby attractions, more convenient for Cerro Fresco residents. Improved telecommunications and transportation systems, particularly airports, will make Costa Rica an even more desirable location for the more than two million visitors traveling to Costa Rica each year.

Cerro Fresco is already a popular choice for high-end investors, tourists, and retirees, with more than sixty percent of its elegant estates pre-sold. Sales of Cerro Fresco’s open-air Balinese bungalow villas will likely gain momentum once the news of promised enhancements to Costa Rica’s communication and transportation systems becomes more widespread.

About CRDC: The Costa Rican Development Corporation (CRDC), a leader in today’s Costa Rica real estate market, specializes in the design and development of luxury residential communities. With an emphasis on total customer satisfaction, CRDC guarantees quality and excellence in their stylish estate homes. CRDC’s current developments are Cerro Fresco, Hermosa Highlands, Villas Altas, and Highland Estates. For more information about Cerro Fresco, please visit www.cerrofresco.com/.