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

Tourism institute may try some non-standard ad techniques
   New Yorkers out for a stroll may soon find themselves listening to the sounds of the Costa Rican rainforest and the yodeling of tourists on a zip-line tour every time they pass by a telephone booth.
   In San Francisco, unsuspecting drivers may find themselves following a bus painted with leaves and flowers, with the legend “Costa Rica – No artificial ingredients” emblazoned upon its side.
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Pacific Courses Target Golf Tourism
   Three new golf courses are being planned for the Central Pacific, two of which are nearly ready to begin construction and represent more than $20 million in investment, say developers.
   If completed, they would bring the total number of courses in the region to four, including the La Iguana Golf Course at the Los Sueños Marriot Ocean & Golf Resort. Another four courses have been built along the northern Pacific coast in Guanacaste, and at least four more are planned for that same region.
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Court Approves Insurance Bill
   The Constitutional Chamber of the Supreme Court has found no profound flaws in the bill to break the National Insurance Institute’s monopoly on insurance, clearing the way for the lawmakers to pass the measure. The bill is one of 13 needed for Costa Rica to participate in the Central American Free Trade Agreement (CAFTA) with the United States.
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News stories continued:

Continued:

Tourism institute may try some non-standard ad techniques

New Yorkers out for a stroll may soon find themselves listening to the sounds of the Costa Rican rainforest and the yodeling of tourists on a zip-line tour every time they pass by a telephone booth.

In San Francisco, unsuspecting drivers may find themselves following a bus painted with leaves and flowers, with the legend “Costa Rica – No artificial ingredients” emblazoned upon its side.

Cortas - Short News Stories
Service industry
Services are expanding fast in the economy of Costa Rica. Ten years ago, they accounted for 54 percent of the Gross Domestic Product, but now Become an affiliate and earn moneythey are 58 percent. Regarding employment, seven years ago 64 percent of the workers belonged to the sector, now the figure has increased to 68 percent. Also, the trend is likely to continue, because banks report that credit applications are mostly to fund service activities. According to analysts, as countries develop, the demand for services increases, so much so that the average is 66 percent of the overall production. Also, the service sector demands better training, therefore it also promotes education.

200 patrol cars
The first visit of a high-ranked Chinese official to Costa Rica ended with the donation of 200 pick up trucks, to be used by the police as patrol units, and $10 million in cooperation funds. The Chinese Assistant Prime Minister Hui Liangyu also signed five assistance agreements. The Costa Rican Minister of Foreign Affairs, Bruno Stagno, pointed out that a dozen agreements have been signed with Beijing so far. A spokesperson for the Chinese delegation said that they want to establish friendship and cooperation ties with the other Central American nations, too.

On U.S. buses
Sights of Costa Rica will be enjoyed by people traveling on buses in New York and San Francisco, California, as part of the strategy developed by the Costa Rican Board of Tourism (ICT in Spanish) to attract more visitors. Also, via their cell phones, New Yorkers will be able to “visit” the rainforest for a few seconds. ICT marketing director Maria Revelo said that even though the Costa Rican tourist sector has kept on expanding, it must act as if it were amidst a crisis, in order to keep promotion up. This year’s first quarter, arrivals recorded at international airports were 17 percent more than in the same period in 2007. Also, the promotion of Costa Rica will be reinforced this year in Europe, Latin America, and emerging markets such as Portugal, Russia, Ireland, China, and Japan.

Pre-Columbian art
The German police confiscated 1,200 pre-Columbian art pieces, 457 of which the National Museum of Costa Rica claims are part of the national heritage. The pieces are part of the “Patterson Collection”, the world’s largest private pre-Columbian one, owned by Leonardo Patterson, born in Costa Rica and now a German citizen. The pieces were confiscated after they were taken out of Spain and were bound for Germany. The police in Munich stated that the collection will be withheld until the proper owner of them is established.
-La Nacion

Camouflaging methods of public transport and blue-toothing mobile phones with the exotic sounds of Costa Rica's tourist destinations are two ideas the Instituto Costarricense de Turismo has incorporated in its strategic marketing plan for sustainable tourism, announced Tuesday.

Lasting from 2008 to 2010, the marketing plan budgets $14 million for the first year alone.

“We want to be proactive not reactive,” said María Amalia Revelo, subdirector of marketing for the Instituto Costarricense de Turismo. “These are some of our newest and most innovative ideas.”

Other plans are more mundane. Emphasis is placed on the importance of the Internet, with the intention of bettering the institute's Web site so that tourists will be able to access information more easily. An online campaign will place ads for Costa Rica with links to strategic pages in the most common search engines, such as Google.

Pamphlets and brochures about travelling to Costa Rica will be distributed in airports, to target the people who recommend the country to friends and family. Statistics from Liberia airport show that almost half of visitors came to Costa Rica due to personal recommendations, and it is hoped the materials will aid this process.

Costa Ricans themselves will also have efforts dedicated to them. Ms. Revelo said that the national market is essential to the strategy. She said that the institute will work together
with local municipalities and cámaras de turismo to open up new destinations where Ticos can go to relax.

The plan will also try to do away with the low-season slump, mainly in May, September and October, by catering to niche markets. Honeymooners from the United States, families, especially those from Britain, and people who come to fish are top of the list of those who will be targeted by new low-season packages.

Considering that the tourists who come to Costa Rica have been proved to be affluent, educated and mainly American, the strategy includes advertising in higher-class tourist magazines such as Conde Nast and the American Association of Retired Persons Magazine. Costa Rica will also continue to make its presence felt at international tourism expositions on other continents.

“We need to do more to take the product to the consumer,” said Ms. Revelo. “If the tourist can't see the product in their own homeland, they will never end up in Costa Rica.”

Despite the economic slump, there is still a high focus on the United States of America as the prime market for Costa Rica as a tourism product, with the plan dedicating 30 percent of its funds to the country.

Opening up to new markets is also a top priority though, with 23 percent dedicated to Europe and Asia, and 8 percent headed to Latin American countries such as Argentina and Mexico.

“The American depression has global effects, and for us it is a challenge, but one that we want to confront,” said Carlos Ricardo Benavides, minister of Turismo. “With the strength of the euro rising, it makes it easier for Europeans to travel, and we are optimistic about the possibilities of tapping this market, especially with the direct charter flight from London to Liberia.”

Ms. Revelo said that the tourism institute has worked closely with private businesses in the development of the plan in order to draw on all the experience and knowledge available.

AMCostaRica.com

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Continued:

Central Pacific Courses Target Golf Tourism

Three new golf courses are being planned for the Central Pacific, two of which are nearly ready to begin construction and represent more than $20 million in investment, say developers.

If completed, they would bring the total number of courses in the region to four, including the La Iguana Golf Course at the Los Sueños Marriot Ocean & Golf Resort. Another four courses have been built along the northern Pacific coast in Guanacaste, and at least four more are planned for that same region.

“Certainly, Costa Rica is an up-and-comer,” said Rick Summers, the CEO of the Publications and Marketing Group of the Professional Golfers Association, or more simply, the PGA Magazine. “But right now there are many, many very strong destinations that obviously have a head start on Costa Rica.”

In the United States, the nation that sends the most tourists to Costa Rica, golf has become an industry worth more than $75 billion, according to a World Golf Foundation study released in January. Of that, $18 billion is from golf travel.

In Latin America and the Caribbean, countries like the Dominican Republic, Mexico, Puerto Rico and Jamaica have established themselves as international golfing locations, Mr Summers said.

“The good news about three new places (in Costa Rica) will be three new influential voices that say golf is important not only to drive tourism dollars, but equally important to drive economic benefits from jobs,” said Mr Summers in a telephone interview from the United States this week, emphasizing the importance of government promotion of golf.

While the country has yet to stake out a secure claim, three courses in particular — the Garra de Leon Golf Club, Cabo Velas; the Hacienda Pinilla course, south of Tamarindo, and the Four Seasons Golf Club Costa Rica at Peninsula Papagayo, all in Guanacaste — have begun to make a name for themselves internationally.

Aaron Dowd Jr., who is developing one of the three golf courses coming to the Central Pacific along with his father, Aaron Dowd Sr., says he believes his project will join those ranks.

His development, called Cabo Caletas Ocean and Golf Club, will cover 450 acres of property in the area of Esterillos Oeste, about 15 minutes south of Jacó.

Included in the project will be a 150 to 200-room hotel, hundreds of condominiums and 130 homes surrounding the centerpiece, oceanfront golf course.

Tarcoles River Crocs Blinded by
Love–Or Sex
They say that love is blind, but the sexual drive can have the same result, at least if you are a crocodile in the Tarcoles River.

At least four out of every 15 of the fierce males in the river (known for its high population of the reptiles) are blind in one or both eyes. The culprit is not contamination of the water, or genetic defect or some rare disease, as scientists theorized for several years. They are simply love-struck.

Scientists have noted that the river contains two male crocodiles for every female. To mate and carry on their particular genetic code, the males clash violently, charging into each other and biting their opponent’s head or tail until one gives way under the battering and is driven off. The croc’s eyes, raised above the level of a rather flat head for seeing above the water when the rest of their long snouts and bodies are submerged, are thus vulnerable.

Occasionally, these battles result in death to one of the fighters, but a more likely result is injury. The thick skin of the reptile (once highly valued for shoe leather and still poached in some places but valued here as a tourist attraction on the Tarcoles River) usually heals, leaving only scars and a bitter memory. (Is it any wonder that the croc is noted for his ill temper?) Only the eyes are really at serious risk. For some reason, the left eye seems especially apt to be injured.

Crocodile specialist Juan Bolanos, a scientists at the National Autonomous University at Heredia, says the damaged eye appears totally white at first, but the pupil has been ruptured and soon the orb rots from within. Bolanos, who recently completed a study under the auspices of the National Geographic Society, says that crocodile fights are a normal survval mechanism, but here they are more violent than in many parts of the world. Of the estimated 150 crocs in the river, about 40 10-foot-long specimens are sexually active and the fighting occurs among these.

In a healthy population, there are two females for every male, so competition is not nearly as fierce, says Bolanos. To find out why the exact reverse is true of the Tarcoles, toxologist Thomas Rainwater took samples of river water for study, veterinarian Nick Millichamp examined eyes, while expert herptologist Brady Barr and Costa Rican biologist Luz Denia Barrantes studied other aspects of the mystery. (We cannot imagine giving an eye exam to a writhing, snapping 10-foot croc as Millichamp did! Gives a new slant to “scientific dedication.”)

Conclusion: Some young men might think the cool way to protest their love for a female is to use violence, but that’s a croc.
by Rod Hughes

“It’s going to be a golf course that we believe will get Costa Rica noticed as a golfing destination,” Mr Dowd said.

Covering 130 acres of his development, the course will be 7200 yards long, feature five holes with ocean views and cost $11 million. Residents who buy property in the development will receive memberships to the course, and additional memberships will be available, at least initially, to the general public.

Mr Dowd said he has built approximately five golf communities in Florida, and the Esterillos course will be designed by professional golfer Mark McCumbers’ company McCumber Golf.

“What we liked about them is that they really use the natural characteristics of the property to blend the golf course into its surroundings so the impact is minimal,” Mr Dowd said.

He added that the course will use paspalum grass, which requires 50 per cent less fertilizer and 40 per cent less water. Meanwhile, a property-wide system of drains and canals will collect rainwater and treated wastewater into lakes, which will then be cycled through the course’s irrigation system.

Construction on the course is set to begin later this year, he said, and is expected to open “mid-2010.” While it has been permitted, Cabo Caletas was recently among a dozen developments subject to surprise inspections by the Environmental Tribunal, an office of the Ministry of the Environment and Energy (MINAE).

The Tribunal reported only that it “observed the obstruction of a creek that apparently feeds a wetland” during the inspection, and a report from the office is to be reviewed Monday.

Become an affiliate and earn moneyMr Dowd, however, said the creek referred to is normally dry during the dry season, and builders had already installed a temporary culvert — to be replaced in the coming months by a permanent one — that was blocked by some fallen clay the day of the inspection.

A second golf course is being planned just minutes away in Esterillos Este, called Del Pacific in Esterillos. Like Cabo Caletas, the project is also part of a larger real estate development, however the course will be limited only to residents of Del Pacifico.

“We feel that it’s an amenity that our owners wanted,” said Barry Strudwick, founder of the project, in a telephone interview from the United States.

The 700-acre development will have a five-star hotel, three restaurants, 300 houses and 1200 condominium units, in addition to a “town center” with 25,000 square feet of commercial space. About 100 houses and condominiums are already under construction, and the project, which Mr Strudwick says will total $1 billion in investment over 10 years, has already generated $25 million in sales.

“We’re actually creating a town, not just a development,” Mr Strudwick said.

The course, which will cost $10 million, is being designed by Delaware architect Allen Liddicoat, with consultation by Billy Casper Golf. The links-style course will extend 6800 yards and play down to the ocean, Mr Strudwick added.

“It will be at a challenging resort-level golf,” he said. “Fun, but not frustrating.”

The developer said his company is targeting “affluent, pre-retirement baby-boomers, with an active lifestyle.”

“Typically when a family visits they’ll go do a zip line in the canopy one day, they go to Manuel Antonio the next, they might go fishing or surfing a third day. The father who is along for the eco-vacation that mom planned is ready to play golf the fourth day,” he said.

The third golf course to come to the region is much earlier in the planning stages, and is part of a 988-acre project called Garabu, located between Jacó and Herradura. The development would feature two hotels of at least five stars, a business center, an amphitheater, seven nine-story condo towers and a golf course. The first phase of the project, which represents about ten per cent of the total planned development, will cost $88 million, said a spokesman for the company this week.

The developers, however, said it was to early to give further details about either the project or the golf course.

TheBeachTimes.com

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Continued:

Constitutional Court Approves Insurance Bill

The Constitutional Chamber of the Supreme Court has found no profound flaws in the bill to break the National Insurance Institute’s monopoly on insurance, clearing the way for the lawmakers to pass the measure. The bill is one of 13 needed for Costa Rica to participate in the Central American Free Trade Agreement (CAFTA) with the United States.

Of the 13, many have been passed and others are in varying places along the road to passage. Now the government must gather together its precarious 38 lawmaker coalition to pass the bill, President Arias hopes before August. It is designed to open the insurance market that has been historically the sole province of the government institute.

The bill was sidetracked by the fierce congressional opposition that questioned eight clauses on the basis of form and nine on substance. The court panel found no unconstitutional aspects to the bill. The administration’s Natioanl Liberation Party has had the thankless task of mustering its bare 38 vote two-third majority every time a CAFTA bill comes up for vote. This means checking with its allies and making certain they are present on the floor to vote, no mean job with elected representatives whose absenteeism is high.

With time growing short before the Sept. 30 deadline, this will mean some late night sessions by the 38 pro-CAFTA bloc members. If the deadline is not met, Costa Rica will remain outside the trade pact, which was narrowly ratified by a majority of voters in the referendum last October.

by Rod Hughes

 

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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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