Costa Rica Blog

The Amazing Vanishing Developers of Costa Rica

Posted by Steve Linder on Thu, Feb, 10, 2011

People always ask us about other real estate developments in Costa Rica.  My typical answer is that {name of development} is one of many developments that has yet to get anything done.  or one of many that gets just enough done to sell it, never completing what was promised  There have been many real estate developments like them, some who made pre-development sales, paid the principles salaries large enough to use all the money and then claimed bankruptcy without ever having even attempted to complete the project.  Many are brilliant marketers, staging webinars, press releases and conference calls.  Some will use hype like "Costa Rica's most successful real estate project", the "fastest selling project" or the "best real estate development in Costa Rica" or something similar.   

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Tags: Costa Rica real estate, finca, pre development Costa Rica, buying property in Costa Rica