Real Estate Growth in Liberia: The World is Noticing
Liberia - Guanacaste, Costa Rica is destined for explosive growth in its real estate and services sectors in the upcoming decade. This Article illustrates some obvious signs that this residential and commercial real estate boom has already started.
LIBERIA is starting to Boom again!
Costa Rica is a very secure country with a stable economy and a rapidly growing ECO - Tourism Sector and has always pursued a politically correct diplomacy towards its neighbors ever since it's independence. Similarly, the country treats it’s citizen and visitors alike with foreigners enjoying the same ownership and legal rights as nationals do. Costa Rica has established real estate laws to promote growth and foreign investment. Property can be bought by foreigners and travelers either under a private name or with a newly registered company to be established with the help of a local lawyer (notary public). This, in large part, is why Costa Rica has emerged as one of the most stable and desired countries within the Central America Region.
Liberia is the capital of the state of Guanacaste and is presently enjoying the fastest growth rate in eco-tourism in the country because of the endless wonder and beauty of the area. Liberia is home of one of only two international airports in the country, and welcomed 1.1 million visitors in 2016. This growth and sound infrastructure has made foreign investors sit up and take notice.
This year, the plans for a massive, $1.3 billion dollar Discovery Park project was announced and planned to open near the airport in 2020. Combined with a variety of water parks and various recreational facilities, the aim of this venture is to combine the already strong tourism market with an emphasis on nature and wildlife, furthering this already strong eco-tourism reputation.
Recently also, the Coca Cola group of companies announced their plans to open a brand new Production & Logistic Centre into the existing Solarium Industry Park which is adjacent to the Liberia International Airport.
This factory which will be the most advanced production centre for essences and other ingredients for Coca Cola products, and will employ up to 400 employees. The proximity of the international airport allows for easy export their products to other Latin American countries and other destination throughout the world.
The fact that these major players in the world economy have picked Liberia as their center of operations speaks volumes to the Costa Rica’s stability and Liberia’s long term viability. These aggressive and massive investments will attract more tourism, stimulate the local economy and bolster local employment. This massive influx of people will boost the retail sector and all real estate markets, a phenomenon which is already apparent.
This article was written with helpful input from Johannes Valentin. Our MLS member and owner of Sun Real Estate based out of Liberia