The 2009 data is in and we’re digging into the detail. We’ve looked at prices for real estate in over 300 master planned communities in Costa Rica, Belize, Panama and Nicaragua that target the international buyer. Here are the top line results:
Top 10 most expensive master planned communities in the region – ranked by median price/sqft ($) for single family homes and condos:
The Four Seasons Papagayo Peninsula, Papagayo – $652 Las Olas, Dominical – $592 Placencia Residences, Belize, Placencia – $547 Tamarindo Preserve, Tamarindo – $535 The Palms at Playa Flamingo – $502 Jade Condo Resort Residences & Beach Club, Quepos/Manuel Antonio -$488 Trump Ocean Club International Hotel and Tower, Panama City – $483 Los Faros de Panama, Panama City – $463 Los Suenos Marriott Ocean and Golf Resort, Costa Rica, Herradura – $450 Reserva Conchal, Costa Rica, Flamingo – $430
Costa Rica holds 6 of the top 10 spots in the 2009 PriceRank. Panama has 2 developments in the top 10 and Belize has 1. Nicaragua, the most ‘emerging’ of the markets has none.
Let’s turn to the cheapest. For the most affordable properties in the region, you’re looking at a serviced lot or home-site within a master planned community. We’ve gathered that information below:
The 10 cheapest master planned communities in the region – ranked by median price ($) for serviced lots.
Camino Del Rio, Belize, Belmopan – $20,000 Lomas de Santa Rosa, Tamarindo – $21,200 Club Alegria, Nicaragua, Granada – $21,500 Better in Belize, Belize, Belmopan – $23,000 Prana del Sol, Nicaragua, Tola – $25,000 Rancho Las Lomas, Costa Rica, Parrita – $26,500 Villa Davina, Panama, David- $28,400 Casa Llanta, Nicaragua, South of San Juan del Sur – $30,000 Congo Hills, Nicaragua, San Juan del Sur – $30,000 Rancho Los Suenos, Panama, Espave – $31,000
This is the turn for Nicaragua real estate to shine. 4 of the 10 cheapest master planned communities offering lots can be found here, reflecting the emerging ‘early in’ nature of the market. Stay tuned for more data that tells the story of international property in Central America.
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