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Costa Rica’s Property Hotspots

Article Summary:

Real estate markets in Costa Rica bottomed out following the 2008 economic crisis, but one real estate sector that saw continued growth, rural land, was not seeing economic growth for its agricultural capacity, but for the demand and value of its natural resources.

Photo Credit: Ahorre

Original Article Text From M2 via Google Translate :

The Ecological Value of the Land

The simple answer to the question, how much is my property? Would “depend on demand”; speak there of their market value. Few decades ago, the value of non-urban land was determined based on its agricultural potential, such as the land was trading in coffee producing areas. With the collapse of international coffee prices and urban sprawl, these same lands lost their agricultural value, were absorbed by the city and turned into subdivisions and shopping centers.

A few years ago still is considered development land in coastal areas were the most valuable, as there was great potential to develop as residential communities or holiday market the famous “baby-boomers” Americans.

But the bubble burst in 2008 and the recession that followed these lands lost from overnight up to 40% of its ‘value’, whereby banks also lost 40% of its warranty. But from some time now, mainly rural land have been valuing and not for its agricultural capacity, or its desirability to build condos tourist, but has (re) discovered the value function of natural resources it possesses. That is, their ecological value.

Examples abound in Costa Rica this innovative human interaction with the land. Bear farms for reforestation or forest protection, whose value is given by the oxygen production and purification of carbon dioxide emissions. Or consider the reader on farms voluntarily subject to environmental restrictions or conservation regimes (reserves private or mixed) as attractive complement or ecoresidenciales ecotourism projects.

The bear is also necessary to maintain an activity consistent with preservation of forests through government incentives administered by the National Forestry Financing Fund. Such is the case of farms that develop scientific research activities, taking advantage of the wealth of our biodiversity to give value to the estate. Itself is to give value to the existing natural wealth in the ground itself, rather than seek to transform it.

Worth mentioning also, as part of this new value-based ecological properties that have special natural features that allow its use, as is the case of potential wind farms or sunglasses, mainly in Guanacaste, highly desirable for clean energy production, wind or solar. then arise new opportunities that foster sustainable development of the country and leading figures Suitable legal and used in new ways, such as surface rights, civil leases of land, development trusts or conservation easements, forest condominiums, selling oxygen bonds, or contracts for environmental services, among others.

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