CRDC Sees Recent Additional Allocations to Costa Rican Park Systems as Boost to Real Estate Sales
Released on: September 22, 2008, 10:03 am
Press Release Author: Costa Rican Development Corporation
Industry: Real Estate
Press Release Summary: Costa Rica’s Ministry of Environment and Energy will be granting the national park system an impressive US$150 million for infrastructure enhancements, likely leading to increased interest in the already booming real estate sector.
Press Release Body: San Jose´, Costa Rica – The Costa Rican government’s Ministry of Environment and Energy has decided to funnel US$150 million into the country’s national park system, which will ultimately lead to increased real estate values, particularly those of luxury retirement and vacation homes. The Costa Rican Development Corporation (CRDC) anticipates a surge in the sales of its newly developed Cerro Fresco estate community as a result of this elevated attention to one of the country’s main attractions.
Twenty-five percent of Costa Rica’s land is currently in protected areas, including those located in the twenty-six national parks. Known globally for its biodiversity, Costa Rica is home to about six percent of the world’s animals and plants. The diversity of plant and animal life is one of the reasons Costa Rica has grown to be one of the top eco-tourism destinations in the world and a favorite among retirees.
High-end foreign investors find the Costa Rica real estate market to be one of the most profitable. New luxury home developments are one of the most popular choices for these investors, and the Costa Rican Development Corporation’s Cerro Fresco (www.cerrofresco.com/) community is one of the top choices. Promising a “premium quality of life experience,” Cerro Fresco is situated near waterfalls, rainforests, and tropical gardens, and is only a one-hour drive from one of the most well-maintained, pristine national parks in Costa Rica, Manuel Antonio National Park (Parque Nacional Manuel Antonio).
CRDC views the Ministry of Environment and Energy’s decision as a very positive one for the Costa Rica real estate market. Foreign investors are currently purchasing elegant residences at a record rate, and CRDC expects an added jump in sales with the planned improvements to the national parks. With nearly two million tourists visiting Costa Rica in 2007, most with an interest in the diverse wildlife and plant life in the country, the promised upgrades to the parks can only result in elevated attraction to the area from tourists, retirees, and investors. Being in such close proximity to Manual Antonio National Park, as well as surrounding rainforests and tropical gardens, CRDC is preparing for increased interest in the Cerro Fresco community.
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/.
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