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Memo Paris launches Tamarindo

Memo Paris, luxury Parisian perfume house, celebrated the launch of its latest fragrance, Tamarindo. Inspired by the sunshine, crashing waves and tropical fruits and flowers of Tamarindo on Costa Rica’s Pacific coast, this exquisite scent is centred around the fresh sweetness of pineapple, lifted with bergamot oil and leant depth by jasmine, cardamom and vanilla absolute. Few fragrances are able to transport the wearer to another place quite like this one. Read full storyc84b6c89df92e63cd8cccfbdc50b226d679961c1

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Investing in rental property or tourism sector in Costa Rica

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Is Costa Rica still an attractive location for those wanting to place their hard earned dollars in a secure investment giving them a decent ROI through rental income or hospitality revenue?

Looking at the statistics from the Costa Rican INT (1) – National Institute of Tourism – any doubt on this concern will fade. It is clear that the country’s tourism sector was hit by the 2008 financial crisis, but it is even more obvious how the country’s comeback is even stronger. Since 2012 the yearly revenue from tourism is back at it’s 2008 level and growing steadily and firm far above that level ever since, with 2016 showing a yearly growth of 12.4%  and being 43 % above the 2008 level.

In 2017 more than 2.18 million tourists from all over the world landed by air in Costa Rica, being 3.5% more than the previous year and 17.7% more than in 2015. These figures are important since the more travelers come, the greater the space needed to host them.

And there are other signs that Costa Rica is doing great on the tourism market:

During the International Tourism Fair, one of the largest in the world, held in Madrid last January, the country received the 2018 Award of Excellence with its new tourism identity “Costa Rica, my choice naturally”, and last year, Costa Rica hosted the first global sustainable tourism investment conference, another event contributing to its positioning as a global destination.

As another indication of growing tourist attraction, every year new airlines keep signing up to land to San Juan Maria National airport, with direct flights from every corner of the world. 2017 and 2018 are no different with Latam airlines (Lima-San José), KLM airlines (Amsterdam-San José) and Evelop ( Lisboa- San José ) adding to the list of airlines offering better connections to travelers and residents.

So, it is clear, Costa Rica is a hot-spot, for tourists wanting to escape the cold and explore the natural wonders, for families seeking other horizons and a better quality of life, and for people looking for a sunny, pleasant and peaceful place to retire to.

And this is undeniably reflected in the increase in interest for and purchase of raw land and lots since 2015, also in the Tamarindo area, along with an obvious wave of new construction of contemporary rental homes, and modern businesses in the area, and a never before seen boom of the international schools in the area.

With country-wide tourism steadily growing and the promise of a steady and sustainable regional growth, through projects that have been planned for years and will finally happen such as the paving of the Tamarindo-Langosta road and the building of the Flamingo Marina, the future for the local economy but also for those seeking a secure investment is looking as sunny and bright as the beach and the sky do so steadily in Tamarindo!

http://www.ict.go.cr/es/estadisticas/informes-estadisticos.html

Credits to: Karen Fabre

Photo: Sean Davis

Home Decoration: Mu Design

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Lote 60 Punta San Francisco – Ready to build lot in beachfront gated community in Tamarindo – SOLD


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This is the only lot remaining for sale at Punta San Francisco or “The Point”, a beachfront gated community that makes the division between and offers access to Playa Tamarindo and Playa Langosta, so from this lot both beautiful beaches are only a few steps away. Punta San Francisco consists of 61 lots, and already boasts several luxury villas right on the beach…more info.

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Villa Cerca del Mar #4 – Beautiful villa with Moroccan architecture influence – Reduced to $450,000.

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Villas Cerca del Mar #4 is a private villa located literally within steps to the beach in Langosta. The tranquil and exclusive Langosta community is conveniently located just minutes from Tamarindo´s multicultural life and its amenities. Surf, banks, markets, pharmacies, shops, great restaurants… you´ll find all you need in this charming beach town…more info.

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Casa de Gracia – Custom designed home in Rancho Villa Real gated community – Reduced to $689,000.

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Located within a short 7-minute drive from the center of Tamarindo, Rancho Villa Real is a master planned development. Its location is very convenient. Around there are supermarkets, pharmacies, appliance stores, restaurants, private schools, and the gas station (all within 5-15 minutes away) and always accessible through good paved roads. In less than 30 minutes you can be at the city of Santa Cruz and several beaches like Avellanas, Playa Grande, Playa Conchal, Flamingo and of course Tamarindo…more info.

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ADI Tamarindo will conduct surveys on community topics

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Help Shape Tamarindo!

In a mixed community such as Tamarindo, where a wide diversity of nations and cultures coexist, reconciling opinions on local issues is complex. However, the respect for opinions and the guarantee of a polite and harmonious coexistence must prevail, as a reflection of the democratic society in which this community lives.

This is the vision of the Integral Development Association of Tamarindo (ADIT) who have organized a procedure for residents to express their opinions regarding community issues.

As this is such an important topic for the life of Tamarindo, THE Tamarindo News wanted to learn the nature, objective and impact of these actions as well as the benefits they will generate within the community…continue reading.

Para inscribir al boletín de ADI Tamarindo:
http://playatamarindo.org/registro-registration/
 Feel free to send an email to aditamarindo@gmail.com with the subject
“I want to give my opinion”.
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Searching and purchasing your dream property in Costa Rica.

handshake ABC nov 2017Every continent, every country, every culture has its own sets of habits and different ways of doing things. The same accounts for doing business, such as Real Estate.
As Costa Rica is part of the American Continent, its Real Estate customs show more similarities with those in North America, than in overseas countries.
With the current and ongoing influx of Europeans, seeking for a new place to settle or to enjoy the tropical beach life for mid or long term in Costa Rica, it appears appropriate to give a brief overview of the way the Real Estate world operates in the Tamarindo area and Costa Rica in general. Having some knowledge of local Real Estate habits, will certainly improve any buyer’s experience.
The modus operandi of Real Estate agencies in Costa Rica is easier to understand when one realizes that sellers can either list their property exclusively with one agency, or non exclusively with every agent that is willing to do so. Exclusivity in this case, means that the seller trusts his property to one agent, or agency, who will be the only one representing him in the process. This agent can then put maximum effort into marketing the property, and maximize its exposure by sharing it with other agencies, through methods such as monthly newsletters sent out to all local agents. Any other agent, representing a prospect buyer, can contact the agent representing the property in exclusivity and offer it to his client.
Other sellers, prefer the non-exclusive approach, meaning that not an agent, but the seller himself coordinates the distribution of his property with and the updating of several agents during the process. If the follow up is not ideal, this can lead to discrepancies in listing prices or announced availability on different media.

Thus, one property can be offered and marketed by several agencies, either with or without exclusivity, and an agent representing a prospect buyer, can show all properties on the market, with the difference that for properties listed exclusively he will always have to go through the listing agent, in case of a non-exclusive listing he does not.
This system makes the Real Estate Market in Costa Rica an “open market”: any agent can offer any property to his prospect buying client– in contrast to markets in some European countries where properties are exclusives of a sole agency and are not being shared with other agencies, due to which the prospect buyer needs to contact or “shop” with all agencies of one area, to have access to and an overview of all available properties.

Hence, in this “open market “, when a buyer new to the area contacts several agents, as is usual in his home country, he will most likely end up seeing the same properties several times.
Therefore, it is recommended, to any buyer, once decided on a certain area, to find one reliable real estate agent in that area, to build up a solid communication and continued relationship with him, to share with him his desires and search criteria as detailed as possible, and to let that agent do a profound market search for and with him. The chances of finding that dream property will be optimized and the whole process of searching and purchasing property in Costa Rica will most likely become a more efficient and a pleasant experience! With this understanding of the modus operandi, it might even bring you relationships for life!

 

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New Vindi grocery store coming to Tamarindo center

Vindi is part of Automercado and smaller more like a Am Pm or Fresh Market. They will open before the end of this year when the new building is finished. It will have just 3 stores with new well known businesses, the two others are not confirmed yet. For now we are excited to have Vindi in town soon.

Here is more about Vindi:  http://www.vindi.cr/auto-mercado-vindi

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Projects in the Tropics

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Years back the reality and needs of Costa Rica in general were very different, the need to approve and complete large projects wasn’t so urgent, but the popularity of this beautiful country has been, for quite a while, basically forcing the government to step up and address multiple infrastructure needs throughout the country. Our own bureaucracy, and politics, make that large projects seem to take forever to get approved, but eventually they do and were able to then envoy, for example, the new Liberia International Airport, the expansion of the Interamerican road, Liberia – San Jose, and more close to home the new road between 27 de Abril and Tamarindo.

For various years local governments, ASADAs, and towns all around Tamarindo have been trying to get the central government to solve the water issue the coastal towns have been experiencing. They stepped up and this is now being done with the Nimboyores project that will bring water to the coast from an inland wetland. This project has begun and is underway.

The new Flamingo Marina project has been at a standstill for years, but just days ago the permit remaining to be approved, needed for the go-ahead, has been approved. The project will consist of 211 slips accommodating yachts up to 110′, fueling station, dry dock, a boutique hotel, a convention center with capacity for 800 people, a commercial area for restaurants, bars, etc. This is very good news for the area and hopefully construction will start soon.

Our electricity provider, Coopeguanacaste, recently inaugurated the Juanilama Solar Park that will help bring clean energy to our area, and they plan on building more solar parks in the area. They are also working on installing various wind turbines just outside Santa Cruz.

The road accessing Tamarindo was recently re-surfaced making that ride much smoother. The Santa Cruz Municipality has promised, again, funds for the Tamarindo – Langosta road. I know that the ADI of Tamarindo (asociación de desarrollo integral de Tamarindo) and local residents will be vigilant to make sure this project materializes.

Tamarindo has gone through its own “growing pains”, and due to that new building codes are now in effect and the town is thriving in a more orderly fashion. New businesses have been popping up and in the past 2-3 years and there are easily around 25 new homes built, more under construction and also those awaiting permits. And we’re going to have a real movie theater in town! This is set to be completed in late November.

Large projects may take more time to complete here than in the more developed countries, but life in these wonderful tropics is good, more tranquil and Tamarindo offers all kind of amenities needed to live a modern lifestyle. It will be our pleasure to help you find your spot so you can begin to enjoy the Pura Vida life.

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What’s next for the rental industry?

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Hotel owners and landlords in Costa Rica are creating an effort to draft a legislation that would tax vacation rentals such as condominiums, apartments, and other housing/lodgings that currently fall into a legal gray area.

The plan, which is near to being introduced in the Legislative Assembly, would apply a hotel tax on rentals in Costa Rica booked through online platforms such as VRBO, Airbnb, FlipKey, Tripping.com, and HomeAway.

Traditionally, the revenue raised has gone to the Costa Rican Tourism Institute (ICT), but the new bill would redirect resources to the national parks, which are a primary source of attraction for tourists, and to the National Animal Health Service (SENASA) for the implementation of the Animal Welfare Law, that was approved in June 2017, which is in desperate need of resources.

Gustavo Araya, President of the Costa Rican Chamber of Hoteliers (CCH), is one of the leaders of the initiative. Araya said they are waiting for a good moment to introduce the bill, so that it doesn’t get mixed up with the fiscal reform initiatives that are currently obstructing the legislative agenda.

“The additional cost would be charged to the tourist who decides to stay in condominiums, whereas if they decide to stay in hotels, the tax corresponds to the hotel, and not the tourist,” added Araya.

“We do not think it is an issue of unfair competition, we are not increasing the tax burden. It was a burden we had for years and we did not complain,” Araya argued.

Credits to: Wendy Anders, The Costa Rica Star