by: Mark Venegas, Real Estate Consultant
It’s been just over four years since the economic crisis began. Mostly a difficult journey with spurts of activity combined with some slow times for Real Estate in Tamarindo and the surrounding areas. The first signs of a recovery came in early 2011 with more inquiries, showings and some sporadic sales of basically condominiums and homes, and 2012 turned out to be very similar. Although, something interesting began to transpire in 2012, lots (empty land) began to sell in Langosta and Tamarindo, something that hadn’t occurred, besides a couple exceptions, since the economic crisis began. Construction permits were, and are, being requested, and new homes are beginning to be built again. A new home has been completed in the El Tesoro community, and in the same community six town houses (Las Mareas) will also soon be finished. The local Municipality has even begun work to pave the road, between the Zullymar Hotel and ABC Real Estate in Tamarindo, about 300 meters and, hopefully, they will remember to pave the road all the way to Langosta someday. Something else that indicates a more solid recovery for 2013 in our area is the multiple new businesses that have opened in the last year in Tamarindo and close by, like over seven new restaurants, a food delivery service, computer store, bikini boutiques, a gourmet cheese store, and the much needed, and long awaited, Gas Station, just 5 minutes away, has finally opened. This, along with the considerable amount of activity and the sales made already during this year, are all strong indicators that what has been a slow and at times agonizing recovery, allows for a switch from a cautious optimism to a more confident outlook of what is to come for the rest of 2013. Even though there are new constructions taking place, the question remains: Will there be enough quality inventory in the near future for this “new found” interest in beautiful Tamarindo?