Costa Rica Real Estate Project Supports Chinchilla’s Initiatives
Following the lead of Costa Rica President Laura Chinchilla, the executive board of Pegasus
Star Limitada, the developers of Hacienda Matapalo and marketers of other Pura Verde Costa
Rica Properties, have committed to help bring qualified investors to Costa Rica through its many
projects.
(PRWEB) -- Two days before taking office, Costa Rica’s President-elect Laura Chinchilla had a meeting with a
group of international business leaders organized by CINDE, the Costa Rican Investment Promotion Agency,
outlining the importance of attracting more foreign direct investment.
“One of the priorities of my administration will be to continue to provide and enable the right business climate in
Costa Rica,” she said.
Following President Chinchilla’s lead, the executive board of Pegasus Star Limitada, the developers of Hacienda
Matapalo and marketers of other Pura Verde Costa Rica Properties, also recognized the importance of foreign
direct investment into the small Central American nation and have committed to help bring qualified investors to
Costa Rica through its many projects.
“Not only do we have an obligation to help further President Chinchilla’s agenda as that will help Costa Rica, its
people and the companies that do business there, but we have a unique opportunity to do so,” said Pegasus Chief
Executive Officer David Matluck. “Real estate, whether residential or commercial, has always provided keen
investment opportunities and right now there are no better opportunities than the ones available on Costa Rica’s
Central and Southern Pacific Coast.”
“Historically specific areas of Costa Rica have seen property investment appreciate at an average of 32%
annually,” added Michael Starkey, Pegasus vice president of sales and investments and author of the white paper
“How to Make a Million Dollars.” “Disgusted and distrustful of the U.S. stock and bond markets, investors have
had enough of the greed, corruption and fiscal policies that have caused their IRAs and 401ks to lose 50% or more
of their value.”
“Many are becoming proactive, seeking out alternatives including foreign investments. The lucky ones find us,”
he explained. Starkey, an expert in retirement funds and financial planning, has helped many people “break out of
the Wall Street prison” by showing them how to replace their losing investments with stable appreciating assets
like real estate.
“Individuals are not relegated to owning stocks or bonds in their retirement plans,” he said. “They can directly
own real estate and other investments like Limited Partnerships.”
In light of current investment alternatives, it appears real estate has become the investment of choice among the
savviest of investors looking to save for retirement.
Considering Hacienda Matapalo is the best selling property in Costa Rica, recently announcing it surpassed the
$60 million mark in pre-construction sales, it’s hard to argue with such statements. But there is another factor to
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consider.
“Because we are primarily marketing our properties to buyers and investors in the U.S., Canada and Western
Europe, our strategy fits right in with the [Costa Rican government’s focus on strengthening its position to attract
more [foreign direct investment,” said Pegasus Chief Operations Officer Ed Sklar. “We recognize that foreign
direct investment is more relevant than ever as Costa Rica increasingly incorporates itself into the global
community and continues to offer the advantages required to be a competitive investment destination.”
Recently Pegasus Executive Vice President Brian Albury outlined those advantages in a complimentary online
seminar that was attended by more than 500 people where he provided illustrated comparisons of Costa Rica with
its Latin American neighbors Belize, Panama and Nicaragua. The company has made the presentation available
online.
The May 6 meeting at which President Chinchilla spoke was held in the capital city of San Jose and organized by
CINDE. More than 20 multinational companies from various business sectors were represented. To read more
about President Chinchilla’s speech and learn more about CINDE, visit their Web site.
To learn more about Pura Verde Costa Rica Properties and Hacienda Matapalo Costa Rica Real Estate, visit their
Web sites.
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Howard Brody
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