Current Events in Costa Rica – Guide Part 1

Did you know that Mel Gibson recently purchased a $24 million 400-acre ranch, 300 miles from San Jose? He sold two of his houses in the U.S. and hopes to spend more time at his new Costa Rican estate. His love affair with Costa Rica began when he was casting for a new film about the Spanish explorer Vasco Nunez De Balboa. Unwittingly, he stumbled upon Costa Rica real estate’s big secret – that you can purchase a thousand acres of jungle land in Costa Rica, replete with waterfalls and hot springs – for the same price as a small bungalow in California.

Now that you have been let on into the secret, get acquainted with Costa Rica real estate for sale pronto. Costa Rica real estate agents, Jaco real estate agents and tourist authorities agree that this is the perfect time to buy into what will soon be hailed as a prime tourist destination and investment opportunity.

Jaco Beach real estate investment ventures continue dominating the hottest current events in Jaco and Costa Rica. Soon after the promise of Costa Rica’s real estate was realized, Stephen Case, co-founder of AOL, recently purchased $800 million in commercial Costa Rica real estate for sale in Northern Guancaste (near Playas del Coco), with the aim of building five 5-star eco-tels and an 18 hole Tom Doak Golf Course.

Costa Rica real agents are in a celebratory mode with such illustrious personalities taking so much of an avid interest in its real estate. The partial ownership villas at "Rancho Santiago" in Playas del Coco were sold out in less than a week. To fill this growing need for Costa Rica real estate for sale, Costa Rican Vacations co-owners Tony Silva and Casey Halloran recently erected the 1000 meter "Costa Rica Villa" luxury vacation rentals for the ultimate accommodations. These dazzling units are set to make their official debut in March or April 2008.

In Jaco and Costa Rica business current events, Petro China had agreed to build an oil refinery in Costa Rica to process heavy oil from Venezuela and supply the rest of Central America. As a pat on the back for breaking off ties with Taiwan, China has recently funneled $50 million dollars to Costa Rican President Oscar Arias to help improve infrastructure, roads and security.

Current events in Jaco and Costa Rica regarding the quality of life and the community are promising. Safety has been bolstered in many areas – for instance, a Jaco beach prostitution raid cut down crime in the area. The removal of unwanted trees and light posts has made the airport much safer as well. Criminals trying to gain entry to the country have been thwarted and checked. Jaco Beach real estate is even more promising in light of such careful attempts at improving community life.

Economically speaking, the poverty rate fell 4% (to 16.7%) in just one year, representing the most promising decrease in almost two decades. The national salaries increased 19%, showing wage increases in commercial, hotel, restaurant, construction, financial advisory and real estate industries.

In recent years, electronics, pharmaceuticals, financial outsourcing and software development have added to Costa Rica’s economy, primarily because 96% of the country is literate, making it one of the most literate nations in the world. Exports now total $7.931 billion and include: coffee, bananas, sugar, pineapples, textiles, electronics and medical equipment. Such a good state of financial stability is one of the best indicators for investors to hedge their money on Jaco real estate for sale.

With regards to the recent developments in Playa Jaco and Costa Rica infrastructure, the $1.7-billion-a-year tourism industry is expected to make a huge leap this year with the spring completion of a new highway system that aims to cut travel time from the airport to tourist destinations in half.

Annual events in Jaco and Costa Rica in the tourism sector include parades and drinking in the streets for October’s Limon Festival, the December 12th Fiesta de los Negritos fireworks and costume parade, post-Christmas bullfighting and carnivals in San Jose, as well as February and March Art Festivals. While the tourist business is booming in Jaco, investing in Jaco real estate has never been smoother. Jaco real estate for sale can get you settled with the right kind of property.

Costa Rica appeals to many Americans, not only for the aforementioned reasons, but also because it is the most politically stable country in Latin America, with over 59 years of uninterrupted democracy. The country’s foreign policy puts human rights above imperialistic gain and holds a strong stake in the United Nations, the Organization of American States, the Inter-American Court of Human Rights and the United Nations University of Peace.