According to latest information and investors here, Costa Rica is still an outstanding option for those looking to invest in the tourism industry in the Caribbean Islands and Latin America.
The country has seen some difficulties including challenges in infrastructure as well as growing property prices. These prices are growing mainly due to demand and the country's ability to provide premium beach front properties. The market is more developed than just a few years ago.
Additionally, challenges here stem from the lack of infrastructure in some areas. One way in which the government is looking to improve this is through a new highway which will soon be constructed. It will run between Guanacaste which is on the Pacific coast and Limon which is on the Caribbean coast. Both cities are tourism hotspots and attract millions of people each year. Until recently there was no direct route to get from one city to the next. The highway will be approximately 27 kilometres long.
It will also help to connect Upala, Sarapiqui and San Carlos. Once the highway is in place the drive time from coast to coast will be about two hours.
As part of the tourism industry of the property market, the market has become saturated with hotels. Yet the demand for quality villas and other forms of rental property still exists. Investors are specifically eyeing these key areas.
