In Costa Rica, we don’t seem to have anything like a Real Estate financial crisis. The hardships that costarricans maybe facing in some time seem to be on the supply-side instead. As protected areas are being sold to aliens that get permits for 300 sq. meters or so and end up building up more than 2.000 sq. areas on top of hills along the Pacific coastline, precisely at the points where the water springs are, and who do not give a hoot wether this kind of abuse is damaging the enviroment or not.
Up till now over 47 developments have been closed as they did not have the legal permits to build these luxury homes, or have unlawfuly acquired them with the help of corrupt boureaucrats, or just people that don’t know what they’re doing. In a short term, the widely publicized (for it’s untouched nature), beautiful north and central Pacific coastline will dissapear to give way to an endless line of luxury condos and hotels, with nothing in particular except the fact that they’re built facing a splendid view of the shoreline, while guzzling -up the water reservoirs, whitch will make them pretty exclusive all right, since no one else could possibly go there.
The evidence that lots of these developments are being built inside National Park areas was ascertained with GPS satelite pictures that prove they are pretty much inside The Osa Peninsula where Corcovado National Park is located. Some aerial views show large eroded areas on the slopes of the hills and terraces that did not exist there before. With river basins no one can tell where they are any longer as they seem as they had been swept by some kind of landslide. While the most popular vacation sites, such as Playas de Jacó’s beaches are now a hazard to your health because of the ammount of Colliforms swimming in them (15 times over the minimum-safe numbers allowed), now the craze sseems to be for these more “secluded” spots, that shady RealEstate salesmen tell you you’ve just discovered.