Copyright Better Homes Real Estate, Playas del Coco and Playa Hermosa, Guanacaste, Costa Rica                May 2008   
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The News:

Tourist boulevard is planned
for Playas del Coco

   One lonely restaurant remains standing on the beachfront strip at Playas del Coco, clinging on to its spot months after its neighbors were torn down by the municipality.
   Coco's bar-restaurant is a rustic affair with a local atmosphere — a contrast to some of the fancier joints ranging from cigar bars to health-food cafés that have sprung up on Coco's main street.
   A line of some 15 bars, restaurants and abandoned buildings fronted the Guanacaste beach until
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Government decrees controls
on N. Pacific growth

   The central government decreed what amounts to a zoning plan for the whole northern Pacific coast Wednesday in places where local plans do not exist.
   A summary from Casa Presidencial said that the goal was to establish density limits for construction and set the maximum height for buildings.
   The measure also will have the effect of permitting coastal development to go ahead in the absence
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Marine life
  
Even though Costa Rica has only 0.16 percent of the surface of the planet’s oceans, it is home to at least 6,778 species of marine life, or 3.5 percent of all of the species so far known in the world. The facts are set forth in a book by two University of
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News stories continued:

Continued:

Tourist boulevard is planned for Playas del Coco


Coco's bar is the lone holdout of the
structures  that were in the 50-meter zone.

One lonely restaurant remains standing on the beachfront strip at Playas del Coco, clinging on to its spot months after its neighbors were torn down by the municipality.

Coco's bar-restaurant is a rustic affair with a local atmosphere — a contrast to some of the fancier joints ranging from cigar bars to health-food cafés that have sprung up on Coco's main street.

A line of some 15 bars, restaurants and abandoned buildings fronted the Guanacaste beach until October but were doomed once the government started to enforce its maritime law. The law states that 50 meters inland from high tide mark is public land and therefore cannot be built upon.

“In my experience, Coco's will have little luck opposing the state's desire to clear the maritime zone,” said Canales Francisco Canales, head of the Zona Maritima Terrestre department of the Municipalidad de Carrillo. The municipality is clearing the way for a tourist boulevard that will replace the buildings, he added.

The owners of Coco's are currently in a legal process and temporarily protected by a recurso de amparo or constitutional appeal, but they are looking to relocate elsewhere.


This is the strip where municipal officials hope
to put a tourist boulevard. This also is the site that
was cleared of encroaching structures.

“I've been working here for years,” said Angela, a waitress at Coco's. “They will knock it down in two to three months. Even if the owners relocate and open a similar business further into the town, I doubt I will work there. I guess I will stay in the area, but it will be low season, and when the tourists are not here it's very hard to find work.”

In place of the Tico families and locals who come to the bar for a ceviche or to drink the day away, tourists may soon be strolling along a boardwalk that will cost the municipality an estimated $385,000.

“The municipality is currently at the stage of collecting donations for the project,” said Canales.

“The mayor has a very special interest in seeing that this project comes to light. Removing that strip of buildings has been a very good thing for the town — now there is far less contamination on the beach, and sufficient space for people to walk freely by the sand.”

Plans include landscaping and water fountains, facilities such as bathrooms and showers for tourists to use after a long day in the ocean, and the re-planting of the maritime zone with native trees.

Cortas - Short News Stories
More tourists
This year’s first quarter, the number of tourists increased by 92,000 --or 17 percent—as compared to the first three months in 2007. The overall number of visitors corresponds to those flying into Juan Santamaria and Daniel Oduber international airports. According to Minister of Tourism Carlos Benavides, a majority of the visitors come from the United States, in spite of fears that recession in that nation would result in a decrease in the number of leisure travelers.

China, coffee, and tourism
The consumption of coffee is increasing in China, particularly by young people and the 40 million of tourists who visit that nation every year. Costa Rican growers are taking steps to take advantage of that fact, said Rodrigo Vargas, of Doka Estate plantation in Alajuela. He added that they are planning to take advantage of Chinese tourism also, particularly with tours to show them all of the steps of the production of coffee. This surfaced in a visit by Chinese diplomats to the plantation, which will be followed by that of high authorities from Beijing.

More Delta flights
Become an affiliate and earn moneyThe Delta-Northwest merger would mean an eventual increase in the number of flights to Costa Rica. Delta currently operates 33 a week to the United States, 21 from Juan Santamaria International Airport and 12 from Daniel Oduber International Airport in Liberia. If the deal comes through, it would be possible to add non-stop flights to Juan Santamaria from Northwest’s hubs in Detroit, Memphis, and Minneapolis.

Successful filming
The Chosen One, starring Rob Schneider, includes Los Chorros Waterfall, in Grecia, and Arenal Ecology Tropical Park, in La Fortuna, among its locations. The filming was successfully completed at these locations, a spokesperson for Costa Rica Production Support informed. The rest of the film, which is to be premiered in November –including in Costa Rica–, was shot in the United States.

-La Nacion

A name has already been suggested before the funds are even in: the Amor de Temporada Boardwalk – Seasonal Love Boardwalk in English – chosen because it is the title of a song by Héctor Zúñiga whose lyrics describe a love affair that starts in Playas del Coco.

AMCostaRica.com

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Continued:

Government decrees controls
on N. Pacific growth


The central government decreed what amounts to a zoning plan for the whole northern Pacific coast Wednesday in places where local plans do not exist.

A summary from Casa Presidencial said that the goal was to establish density limits for construction and set the maximum height for buildings.

The measure also will have the effect of permitting coastal development to go ahead in the absence of a local plan regulador. This has been a stumbling block for many coastal projects.

The decree, which has the force of law, regulates land up to 4 kms. (about 2.5 miles) for the coast. It defines its area of coverage as the Región Chorotega, basically the northwest coast of the country.

The package of decrees was signed by President Óscar Arias Sánchez; Rodrigo Arias, minister of the Presidencia; Carlos Ricardo Benavides, minister of Turismo; Fernando Zumbado, minister of Vivienda y Asentamientos Humanos; Jorge Woodbridge, minister of Competitividad, and Roberto Dobles, minister of Ambiente y Energía.

Officials said that the Cámara de la Construcción, the Colegio Federado de Ingenieros y Arquitectos and the Consejo de Desarrollo Inmobiliario were consulted in advance.

The decrees are supposed to endure for four years in places where the land is not covered by a plan regulador, basically a zoning and development plan.

The decrees set out four areas. The first is the public area of the Zona Marítimo Terrestre, the maritime zone. This is the 50 meters above the high tide line. Except for specialized ocean related facilities like docks, construction is forbidden here.

The next 150 meters, the restricted zone, is where developers can obtain concessions or long-term leases from the municipality and the Instituto Costarricense de Turismo.

The decrees establish two more zones. One has been called the intermedia, and this includes the next 800 meters after the restricted zone. The fourth zone is all the land from the limit of the intermedia to 4 kms. above mean high tide, in other words a strip 3 kms. wide.

According to the decrees, developments within the restricted zone can be no taller than 16 meters (52.5 feet). Casa Presidencial said this was three floors.

Buildings in the intermedia can be 24 meters tall, nearly 79 feet. Casa Presidencial said this was five floors. The final zone farthest from the beach can have structures 36 meters tall (118 feet). Casa Presidencial described this as eight floors.

The actual height rather than the number of floors seems to be the controlling factor in the decrees. The text of the decrees will be published in the official La Gaceta.

AMCostaRica.com

 

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Continued:

Marine life

Even though Costa Rica has only 0.16 percent of the surface of the planet’s oceans, it is home to at least 6,778 species of marine life, or 3.5 percent of all of the species so far known in the world. The facts are set forth in a book by two University of Costa Rica scientists, Ingo Wehrtmann and Jorge Cortes. Of the total, 4,754 species were identified in the Pacific Ocean and 2,321 in the Caribbean. However, only 288 species live in both Costa Rican maritime areas. Generally speaking, scientists agree, this confirms this Central American nation as a biodiversity hotspot.

-La Nacion

 

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Weak US Dollar makes property in Costa Rica
less expensive for Canadians!

Canadian buyers should consider securing their currency now to take advantage.

With the strength of the Canadian Dollar vs. the US Dollar over the last few months, now is a better time than ever to buy property in Costa Rica.

Of Special Interest
To Canadian Readers

For example, if you had been looking to buy a property in Costa Rica priced at $500,000 USD at the beginning of January 2007 it would have cost you $592,000 CAD. However, if you looked at that same property at the beginning of July 2007, it would have cost you only $528,000 CAD. In other words, the same property would be $64,000 CAD cheaper than it was at the beginning of the year! And if five years ago you had been looking to buy that same $500,000 USD property, it would have cost you a staggering $809,000 CAD. In other words, the same property is now $281,000 CAD cheaper than it was five years ago!

If you are a Canadian looking to buy property in Costa Rica, you will inevitably need to transfer your currency US Dollars to buy the property or arrange financing. It is very important to pay attention to the exchange rate for your payments, or it could end up costing you a lot of money!

Become an affiliate and earn moneyThe fact is that many individuals will simply use the exchange rate offered by their personal bank. The bank's 'retail' rate of exchange is usually a few percent worse than the market rate. The bank may also charge wire transfer fees, commissions, and bank receiving fees. Since the bank takes a large profit that is built into the exchange rate, many individuals don't realize they are other options available to them. There is an alternative to using your bank that could save you significant sums of money.

Working with a "specialist currency broker" like HiFX can not only save you time and hassle, it can also save you money. Their focus is to educate clients on the currency market, secure a better exchange rate than the banks, and transfer funds free of charge. Because the exchange rate that HiFX can offer is much better than the bank's rate, you will save substantially (on average 1%-4% of the amount) which on larger transfers can turn into thousands of dollars.

HiFX can help you take advantage of recent currency movements and protect against future fluctuations by locking in a rate of exchange, which can be useful if you have future property payments.

HiFX services are free of any fees and there is no obligation to use their services, even as a registered client.

For more information and to speak with our dedicated account representative at HiFX, please contact Bryce Anderson +1 (415) 678-2770 bryce.anderson@hifx.com or visit www.hifx.com.

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