Best selling Costa Rica real estate phase two!

The second phase of what is already one of the Caribbean’s best-selling real estate projects is about to be released at off plan prices.

Executives said Hacienda Matapalo was already the best-selling residential property in Costa Rica, having reached $40 million in sales.The development has already released several villages in its phase one release of off plan condo property.

Real estate investors have been attracted by the development’s unique location, which is set in a rainforest overlooking the ocean.

Hacienda Matapalo said: “Appreciation in Costa Rica real estate has averaged in excess of 30 per cent per year over the last decade, and pre-construction appreciation at Hacienda Matapalo has been substantially higher to date.”

The firm also added real estate in the development could be a good investment move thanks to the current property tax rate of 0.25 per cent. Horseback tours have even been used as a way of showing potential buyers the area and driving off plan sales.

Available property involves a series of village-style collections of homes, including lakeside condos, detached villas and apartments. On-site facilities include a spa, gym and infinity pools. Agents Coldwell Banker list villa-condo property in the development as low as $220,000 to $360,000.

Earlier this month developer Ivanka Trump said the real estate market in neighbouring Panama was also one of the strongest in the region.

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