Real estate property hotspots
Jaco
Jaco
Jaco is famous for its wild nights and epic surf. The town lies in a wide, grey-sand bay. In the busier north end the streets are a patchwork of souvenir stands, internet cafes, night-clubs and bars with a line of hotels along the beach front. Further south, the ambience is quieter and some exclusive resorts have set up.
Unlike many parts of Costa Rica, fee simple titled beachfront property is available in Jaco. And, being the most visited beach in Costa Rica by some estimates, investors are well positioned to take advantage of a strong rental market. In early 2010 the new San Jose to Caldera highway was completed reducing the travel time from San Jose (and the populated Central Valley area) to around 1 hour. Reports from Jaco indicate that the road is already boosting rental occupancy rates.
The real estate staple in Jaco is beach front and ocean view condos with an every growing number of projects dotted along the bay. Hotel brands including Ramada and Sonesta have released real estate offerings for sale. Just north at Herradura beach lies the Los Sueños Marriott resort complex with full-service marina and golf course by Ted Robinson.
Getting to Jaco beach, Costa Rica
The drive from Jaco to the international airport takes takes 60 minutes using the new toll road connecting San Jose with the post town of Caldera. The alternative route, avoiding the tolls, takes 100 minutes.
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Overview of the Area
Real estate market information
Data relates to the period July to September 2009
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Learn from other investors
5.04.2009,
Steve
If you don't like crowds and noise, I'd give Jaco a miss from a lifestyle perspective. Every time I pass through Jaco there seem to be more bars, nightclubs, souvenir stands along the main drag and all the noise that goes along with them. I don't surf so am perhaps missing the point of Jaco.
Reviewer has visited the hotspot: Yes
Reviewer has invested in the hotspot: No
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Breakwater Point, Hermosa Highlands, Costa Rica, Vista Las Palmas, La Paloma Blanca, Cerro Fresco, Los Suenos Marriott Ocean and Golf Resort, Diamante del Sol, The Palms, Montecarlo Condominiums, Pacific Palms Jaco, Sonesta Jaco, Jaco Bay Ramada Condominums and Resorts, La Reserve Condominums, Tres Regalos, Bahia Encantada, Vista Mar Residences, Pacific Sun Estates, Wyndham Jaco Beach Resort and Condominiums,Hotspots
Ambergris Caye, Bocas del Toro, Boquete, Central Pacific Nicaragua, Coco, Hermosa and Papagayo, Coronado & San Carlos, Corozal, Flamingo, Granada and Lake Apoyo, Jaco, Panama City, Placencia, San Juan del Sur, Tamarindo, Tola Riviera & Popoyo,In the news
International real estate
December 2008 – Road paves the way for progress on Belize peninsula
Work is progressing on several projects on the Belize peninsula of Placencia, long-touted as one of the Caribbean’s next hot spots. After years of delays, the government is finally paving the lone road that runs the length of the peninsula, home to one of the few stretches of white sandy beaches on the Belize mainland. Source: Kevin Brass, International Herald Tribune, Properties Blog
November 2008 – Panama Sept economic activity up 8.24 pct yr/y
Panama's economic activity increased by 8.24 percent in September compared with the same month a year earlier, the government said on Monday. Source: Reuters
November 2008 – Is Latin America really a property hotspot?
If ever there was a time to invest in an exotic home in Latin America, this is it - or so the sales pitch would have it. The region is being touted as the one most likely to emerge unscathed from the current economic turbulence, with luxury new developments aimed at foreign buyers in the most unlikely locations under the sun. Source: Susan Emmett, The Times