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Peninsula Papagayo doing well

Papagayo Beach Club

Papagayo Beach Club

Peninsula Papagayo

in Guanacaste, Costa Rica, was the subject of a recent interview Kevin Brass of the International Property Journal recently had with Steve Grubba. Sales have increased this year at Peninsula Papagayo for single family homes, condo/villas and building lots. You may know this peninsula in northwest Costa Rica by the Four Seasons Resort at the tip of the Papagayo Peninsula. According to Grubba, the turnaround started in December 2009. Most of the current buyers are people planning to live in Costa Rica, or spend time there. The Four Seasons branded products have held  their pre-recession values. For the rest of the peninsula, lot prices are down about 30%, condos are down about 40%, and single family homes have held their value. The larger estate homes are in such demand that none are currently available.

Rob and I spent some time on the Peninsula Papagayo in January, had an extensive tour of the peninsula and looked at finished homes, homes under construction, condos, lots and the varied amenities.

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