Recession-proof Real Estate in San Ramon, Costa Rica

PRLog (Press Release) – Jan 24, 2008 – Real Estate investment in Costa Rica continues to be solid for investors looking to move their money from losing-propositions in the U.S. and other countries.

CR Communities’ residential development project, “Pacific Hills at Magallanes,” offering stunning, large lots at investment-level prices (http://www.CRCommunities.com/PacificHills.html), is now in its mid-construction phase. Many of the lots have been sold during the pre-construction phase due to its convenient location near San Ramón and its dynamic views of the Nicoya Peninsula, Pacific Ocean, and Central Valley. However, some lots with stunning ocean and mountain views still remain.

San Ramón, located in the western Central Valley, was recently recommended by “We Love Costa Rica,” www.welovecostarica.com, as an area up and coming for retirees and baby boomers. Author of the article, Jeffrey Hickcox, wrote, “Two local developers have collaborated on designs, infrastructure and construction work ensuring that Magallanes continues to be the "higher quality" residential area for San Ramón. “ CR Communities, one of the two companies referred to in the article, is teaming up with another local developer to provide San Ramón’s first community club house with membership first opened to those residing in Magallanes. It will include a gym, spa, tennis courts, pool, upscale restaurant and bar area for a social ambiance that promises to be unique and fun for its members.

San Ramón, a town of about 70,000, boasts conveniences many retirees are seeking in their move to Costa Rica. Excellent medical facilities, a major hospital, modern shopping mall with a 3-screen movie theater, many supermarkets, restaurants, and a variety of services for home construction are available in this growing area. The town also has the only branch of the University of Costa Rica in the Central Valley outside of San Jose. Between the university and a cultural center and museum, a variety of entertainment options exist. The climate in San Ramón is excellent due to its higher elevation at about 3400 feet, with springtime weather year round and temperatures between 70 and 80 degrees. Only 40 minutes to the international airport near San Jose and 35 minutes to the Pacific Ocean, San Ramón is convenient to many of the country’s most notable tourist attractions and outdoor activities.

With real estate prices in most towns on the Pacific Coast and even several in the Central Valley have become out of reach for many people, San Ramón still offers reasonable, investment-level prices for most North Americans considering retiring or living part-time in Costa Rica. At CR Communities’ “Pacific Hills” (http://www.CRCommunities.com/PacificHills.html), for example, one can buy a spacious 1.25 acre lot in this 18-lot community with ocean and mountain views and build a custom home designed by an award-winning architect, for under well under $175,000. To receive a copy of CR Communities’ report on real estate investing, focusing on the San Ramón area, email the company at info@crcommunities.com.

“We understand how daunting buying or even looking at real estate in Costa Rica can be. With prices on the rise, people may be beginning to think that Costa Rica no longer offers attractive prices. However, with our newest project, “Pacific Hills at Magallanes,” we’re demonstrating that North Americans can live in a beautiful community where they will be happy with their investment while having a home they will enjoy for many years,” said Preston Gitlin, President and Co-Founder of CR Communities. “It’s a matter of finding the right location, high quality, and access to services and natural beauty. We think we have all of that here in San Ramón,” Gitlin said.

In conjunction with its mid-construction availability at Pacific Hills, CR Communities is working with Angel Valley Bed & Breakfast, known as the “retirees’ B&B in the Central Valley,” to offer two free nights for those looking to learn about investing and/or living in the area. For additional details on this limited-time offer, see: http://crcommunities.com/PacificHills.html#freenights

CR Communities, San Ramón’s leading real estate company, owes much of its success to its proven identity and obsession with being fair and honest. The “CR Communities Difference” continues to be the driving force behind its efforts. (www.CRCommunities.com/TheCRCdifference.pdf).