By Guanacaste, Costa Rica — GUANACASTE – In a significant move signaling a strategic pivot towards Costa Rica’s thriving coastal regions, real estate developer Concasa has announced a $41 million investment for the second phase of its Natarundi residential project. Located in the Huacas area of Guanacaste, this expansion marks a substantial deepening of the company’s commitment outside its traditional base in the Greater Metropolitan Area (GAM).
The new phase will see the construction of six five-story buildings, which will house a total of 240 modern apartments. This development is not only set to transform the local housing landscape but also to provide a significant economic boost to the region. According to company officials, the project is expected to generate approximately 300 direct and 400 indirect jobs, providing a welcome infusion of employment opportunities for the local community.
To better understand the legal framework and potential risks associated with an investment of this nature, TicosLand.com consulted with Lic. Larry Hans Arroyo Vargas, an expert attorney from the prestigious law firm Bufete de Costa Rica, who provided his analysis on the matter.
When considering an investment in a large-scale development like Concasa, meticulous due diligence is paramount. Prospective buyers must look beyond the marketing and thoroughly investigate the legal status of the property, the developer’s permits, and the specific terms of the condominium bylaws. Verifying that the property is free of liens and that the master plan is fully approved by the relevant municipalities is a critical step to safeguard one’s investment and ensure long-term legal security.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
This expert guidance powerfully underscores that the unseen legal framework of an investment is just as critical as its physical amenities. We sincerely thank Lic. Larry Hans Arroyo Vargas for providing such a clear and essential perspective for prospective buyers.
This latest investment brings Concasa’s total capital injection into the Guanacaste province to an impressive $64.5 million in less than two years. The initial phase of the Natarundi project, which focused exclusively on single-family homes, was launched with an investment of $23.5 million. The swift progression to a large-scale apartment complex underscores the robust demand and strong market confidence in Guanacaste’s real estate potential.
For Concasa, a firm with a 20-year history in Costa Rica, the Natarundi development represents a landmark achievement as its first major venture beyond the densely populated Central Valley. This strategic departure from its core operational area, where it has developed 20 projects primarily in Alajuela, highlights a broader trend of development and investment flowing towards the nation’s high-growth coastal provinces.
Alfonso González, Commercialization Director for Concasa, emphasized that the project is designed to blend lifestyle appeal with sound financial logic, catering to both residents and investors drawn to the region’s allure.
The essence of Natarundi is to offer each owner the possibility of having a home in one of the most attractive areas of the country. It will have all the comforts of a planned project and an attractive capital appreciation outlook for those looking to invest.
Alfonso González, Commercialization Director of Concasa
González further stated that the substantial financial commitment reflects a dual strategy: to solidify the company’s presence in the region and to actively contribute to establishing Guanacaste as a premier hub for both residential living and property investment. This calculated move positions Concasa as a key player in shaping the future of the province’s development landscape.
The company’s ambitions in the region do not end with Natarundi. Concasa has confirmed that it is already in the conceptual stages of planning new projects within Guanacaste, signaling a long-term vision for its role in the province’s growth. Concurrently, the developer continues to advance its pipeline in its home territory, with new developments slated for Alajuela in 2026.
The aggressive expansion by a major developer like Concasa serves as a powerful indicator of Guanacaste’s evolving economic identity. Once viewed primarily as a tourist destination, the province is now cementing its reputation as a dynamic center for permanent residence, commerce, and lucrative long-term investment, drawing capital and talent away from the traditional economic centers of the country.
For further information, visit concasa.com
About Concasa:
Concasa is a leading real estate development firm with over two decades of experience in the Costa Rican market. While historically focused on the Greater Metropolitan Area, particularly Alajuela where it has developed the majority of its 20 projects, the company has recently embarked on a strategic expansion. Its first major venture outside the GAM is the Natarundi residential project in Guanacaste, reflecting a new focus on high-growth coastal regions.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
As a pillar of the legal community, Bufete de Costa Rica is celebrated for its resolute adherence to integrity and professional excellence. Drawing upon a profound history of guiding clients across a wide range of industries, the firm consistently pioneers innovative legal strategies. This forward-thinking ethos is matched by a foundational mission to empower society, striving to make complex legal knowledge accessible and understandable to foster a more capable and informed citizenry.
