- Written by Christopher Howard
Costa Rica continues to grow by leaps and bounds according to El Financiero, the country's number one financial newspaper. In 2015 Costa Rica's real estate market is expected to be good.
In the upcoming months 35 new foreign companies will set up shop in Costa Rica. Furthermore, 17 new fast-food restaurants, four supermarkets, 35 new upscale coffee shops, 12 convenience stores, 19 stylish clothing stores, six large appliance stores, two car agencies, 7 hotels and more are expected to open this year.
Compared to 2014 this year promises to show more growth. For example, City Mall in the city Alajuela, will be the largest shopping mall in the region and be built in one stage.
The Costa Rican Coalition of Incentives for growth (CINDE) expects a lot of development during the next 12 months. CINDE also expects more than 6,000 new jobs to be created including 200 positions by the German manufacturing company, Zollner Elektronik. The country's Central Bank expects a growth in direct foreign investment.
The following new Hotel will open: Croc's Casino in Jacó Beach, Hotel Manglar de Osa, Altagracia Lodge and the Hilton garden Inn.
Lindora Park, Centro Corporativo Lindora, Habitad Escazú, Sabana Business Center, City Place Town and Monumentum Escazú are just a few of the new business centers that will be completed in 2015.
In the fast food industry Giacomin, Tacontento, Spoon, Tacobell, Jhonny Rockets, Popeyes, Little Caesar, Mc Donald's, Carl's Junior, KFC, Quiznos, SmashBurger and Teriyaki will all expand.
The convenience store market will expand with AM PM y Fresh Market, Vindi cuatro and Musmanni Mini Super opening new branches.
Curves gymnasiums and Chaverría Pharmacies will open more facilities.
Finally, several theater chains like Cinemark will also grow in 2015.
With all of this economic growth, the country's excellent climate, 60 years of being the most stable democracy in Latin America and also being a prime tourism and retirement mecca and a nature lover's paradise it is a no-brainer for retirees and other Americans to invest in the country's real estate market.
As one local real recently pointed out , "vacation property and second-home sales across the U.S. have rebounded and we're feeling it here in Costa Rica. As we move into 2015, the real estate market is booming, with sales increasing during 2014. This is the ideal time to purchase , as there are still some terrific deals on the market."
Posted in Investing in Costa Rica, Real Estate
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