20090324-201239-Gold-Coast-slows-down-as-crisis-hits-Costa-Rica
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Gold Coast slows down as crisis hits Costa Rica

03/24/09 21:12

Construction in Costa Rica's Pacific Coast suddenly slowed down, with most construction halted, as the boom fueled by US expatriates tourists slumps due to the global financial crisis.

Among the hardest hit is the resort town of Tamarindo, where around a dozen building sites suddenly became inactive.

Tamarindo is part of the "Gold Coast," which became one of Central America's hottest property markets.

News: Costa Rica beach construction sags as crisis bites | Reuters

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20090324-201239-Gold-Coast-slows-down-as-crisis-hits-Costa-Rica construction industry 'Gold Coast slows down as crisis hits Costa Rica'