Real estate, whether residential or commercial, has always provided keen investment opportunities and right now there are no better opportunities than the ones available on Costa Rica’s Central and Southern Pacific Coast.
Fort Lauderdale, FL (PRWEB) June 4, 2010
Two days before taking office, Costa Rica’s President-elect Laura Chinchilla had a meeting with a group of international business leaders organized by CINDE, the Costa Rican Investment Promotion Agency, outlining the importance of attracting more foreign direct investment.
“One of the priorities of my administration will be to continue to provide and enable the right business climate in Costa Rica,” she said.
Following President Chinchilla’s lead, the executive board of Pegasus Star Limitada, the developers of Hacienda Matapalo and marketers of other Pura Verde Costa Rica Properties, also recognized the importance of foreign direct investment into the small Central American nation and have committed to help bring qualified investors to Costa Rica through its many projects.
“Not only do we have an obligation to help further President Chinchilla’s agenda as that will help Costa Rica, its people and the companies that do business there, but we have a unique opportunity to do so,” said Pegasus Chief Executive Officer David Matluck. “Real estate, whether residential or commercial, has always provided keen investment opportunities and right now there are no better opportunities than the ones available on Costa Rica’s Central and Southern Pacific Coast.”
“Historically specific areas of Costa Rica have seen property investment appreciate at an average of 32% annually,” added Michael Starkey, Pegasus vice president of sales and investments and author of the white paper “How to Make a Million Dollars.” “Disgusted and distrustful of the U.S. stock and bond markets, investors have had enough of the greed, corruption and fiscal policies that have caused their IRAs and 401ks to lose 50% or more of their value.”
“Many are becoming proactive, seeking out alternatives including foreign investments. The lucky ones find us,” he explained. Starkey, an expert in retirement funds and financial planning, has helped many people “break out of the Wall Street prison” by showing them how to replace their losing investments with stable appreciating assets like real estate.
“Individuals are not relegated to owning stocks or bonds in their retirement plans,” he said. “They can directly own real estate and other investments like Limited Partnerships.”
In light of current investment alternatives, it appears real estate has become the investment of choice among the savviest of investors looking to save for retirement.
Considering Hacienda Matapalo is the best selling property in Costa Rica, recently announcing it surpassed the $60 million mark in pre-construction sales, it’s hard to argue with such statements. But there is another factor to consider.
“Because we are primarily marketing our properties to buyers and investors in the U.S., Canada and Western Europe, our strategy fits right in with the [Costa Rican] government’s focus on strengthening its position to attract more [foreign direct] investment,” said Pegasus Chief Operations Officer Ed Sklar. “We recognize that foreign direct investment is more relevant than ever as Costa Rica increasingly incorporates itself into the global community and continues to offer the advantages required to be a competitive investment destination.”
Recently Pegasus Executive Vice President Brian Albury outlined those advantages in a complimentary online seminar that was attended by more than 500 people where he provided illustrated comparisons of Costa Rica with its Latin American neighbors Belize, Panama and Nicaragua. The company has made the presentation available online.
The May 6 meeting at which President Chinchilla spoke was held in the capital city of San Jose and organized by CINDE. More than 20 multinational companies from various business sectors were represented. To read more about President Chinchilla’s speech and learn more about CINDE, visit their Web site.
To learn more about Pura Verde Costa Rica Properties and Hacienda Matapalo Costa Rica Real Estate, visit their Web sites.
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