QCOSTARICA – Proximity to jobs, access to shopping, schools the international airport, and the expectation of a wide range of services, are making El Coyol a centre of residential development.
Located west of the San Jose international airport, in the province of Alajuela, the area that was once only known for its high-end industrial complexes, now offers families the purchase of a home starting at US$90,000 dollars, primarily targeting the middle class and professionals, looking for housing in low-rise condominiums and houses in gated communities.
The community is located in the San Jose District of Alajuela, an area that has seen residential growth go from 5,732 people in 2013 to 17,695 in 2015.
The area still faces challenges, including the supply safe drinking water and the need for more commercial areas, developers expect to promptly solve these issues.
Meanwhile, the supply of residential homes has grown 210% in the last 2 years,
The nearby Coyol Free Trade Zone (Zona Franca) expects to generate in the coming two years more than 2,000 jobs, in addition to the existing 8,000 direct and 16,000 indirect jobs, according to Carlos Wong, president of the Coyol industrial park that houses companies like Durman Esquivel, Lanco and H. Solis, and the Gollo Group and Tical logistics and distribution centres.
The Coyol industrial park is also home to many foreign companies operating in Costa Rica.
The recently opened City Mall, the largest commercial shopping centre in the country (and Central America) is few minutes away from the Coyol.
Other advantages of this fast growing area is direct access to the Ruta 27 and the Ruta 1 (autopista Bernardo Soto), with access to downtown San Jose and the Pacific coast.