Costa Rica Blog

The difficulty of doing development in Costa Rica

Posted by Steve Linder on Wed, Nov, 22, 2017

Costa Rica is noted for ecotourism and a great place to see exotic birds, sloths, monkeys and amazing rain forests.  The government has gone to great lengths to protect the environment in Costa Rica.  Ensuring that real estate development is done with regards to the environment has helped to preserve the beauty and nature that everyone wants to come and see.  This piece is about the steps necessary to undertake development.  I've posted it to show the depth of work that it takes to do good development and why there are so few that have stayed in business.  We are proud of our 27 year history and glad there are protections in place to preserve this great country.  Many developers who thought it was easy have since gone out of business when bank financing was not sufficient to keep them in business long enough to get through this bureacracy to complete the developments they'd started.  The fact that we are debt free and don't rely on borrowed money is a great part of our success.  The time and expense to complete all of these steps is onerous. This piece helps understand how expensive it is to do fully permitted development, meeting all the environmental and municipal standards that are in place to insure that developers are not harming the environment nor building shoddy developments that will burden the municipality down the road.  See more about our developments and property tours at www.PacificLots.com 

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Tags: Costa Rica property, Development in Costa Rica, permitting in Costa Rica