Jaco Land Prices Have Quadrupled in Two Years. 6th November 2006

Construction in the Garabito area (where Jaco is located) has increased by 500% in the last three years with titled land and proximity to San Jose attracting investors.

In 2004 beach front land in Jaco was selling for $300 per square meter, today Jaco beach front would cost you US$2,000 per square meter.

Luis Fernando Villalobos, the mayor of Garabito estimates that between now and the middle of next year that we’ll see 1,000 new apartments in Jaco.

However, from the conversations that I have had with developers in the area, I would suggest that he is very low with his estimates and that the real number is considerably higher.

Villalobos adds that 20 condominium and hotel projects are going up in towers of between 8 to 15 floors and depending on the location, the size and the furnishings the price of each apartment ranges from c73,000,000 – c624,000,000 or US$141,000 – US$1,200,000

One of the engines behind the growth in Jaco is because the land is titled and not concession as it is most other ares of the country and Jaco is less than two hours from the internationbal airport in San José.

Our thanks to José Enrique Rojas and our friends at La Nación – Costa Rica’s largest Spanish circulation newspaper for their permission to use their articles.

Two Recommended Jaco Beach Condos For You To Consider:

As always, our goal is to find experienced developers, with proven experience in delivering quality real estate for you.

Luxury Condo Resort at Jaco Beach with Convention Centre & Casino: If it’s a luxury condo resort that you are looking for with prices atarting around US$285K, you might want to see One Jaco Place – One of a kind luxury condos in Costa Rica.

Affordable Jaco Beach Apartments: If it’s a more affordable apartment by the beach that you would prefer, priced from US$120K then please see Jaco Beach Real Estate – New affordable condos starting at around US$125K

Both projects are expected to begin construction within the next couple of months.

If you would like to visit the locations of these two Jaco beach condo apartments, please help us to help you by using the form below:

Andrew Makarik

to@welovecostarica.com

Andrew Makarik is the main editor of WeLoveCostaRica, a fan of this sunny country. He is also a loving husband and a has a lovely daughter. By being a devoted family man and the biggest Costa Rica fan, he wants to make more people feel at home there. WeLoveCostaRica unites people and helps them find new home or a new travel destination. This website is a friendly community where everyone can find not only information, but also new friends and travel pals. Andrew is also passionate about IT and programming, so he himself maintains a friendly atmosphere in this cozy environment of WeLoveCostaRica.com.