Great investment opportunities in Costa Rica.
Great investment opportunities in Costa Rica.
Costa Rica is world wide known as one of the most beautiful tourist destinations, with a huge diversity in plants and animals that live throughout the wilderness around the country; if you want to buy property for investment and capital growth potential, then you need to consider investing in Costa Rican real estate.
Why would I consider buying a property in Costa Rica? Costa Rican real estate prices, like property prices everywhere, vary according to location, amenities, the buyer's patience and the seller's demand. Costa Rican real estate prices have been rising for years, and as more foreign buyers look at investing in Costa Rican real estate, prices look set to soar.
Prices in some areas, especially beach properties, are booming - and many properties have doubled in value in just two years. The land along the northern and mid Pacific coast regions currently has the highest price appreciation in the country, Puntarenas being an international favorite in Costa Rica real estate listings due to its proximity to the capital city, airports and it is also consider as a strategic location on the pacific where you can head south or north to travel along the shore making really easy to enjoy the beaches all along the Costa Rican Pacific coast.
Everyday more and more Americans and Europeans set their hopes and resources into the Costa Rican land, But why it’s so successful?, The key to buying real estate anywhere is location. It's a fact that properties worldwide that have ocean views are in high demand - and this trend is now being seen in the Costa Rica real estate market. Investors in the Costa Rica real estate market are able to buy properties on a beautiful coastline, in a country of awe inspiring natural beauty. In Costa Rica, real estate is affordable in comparison with many other countries - but interest in prime Costa Rican properties is growing - and investors who get in on the boom now, may make huge gains on their investment in the near future.
To understand better the Costa Rica real estate trend we can compare to what happened in a few states in the United States. People who took a chance and invested in coastal real estate in California, Hawaii and some parts of Florida were ahead of their time - and were rewarded with fantastic long-term capital growth. For example, a typical $30,000 investment in any of these three states 30 years ago could have returned over $1,000,000 today. What happened in California and Hawaii 30 years ago is happening again - in the Costa Rican real estate market.
Even areas with no coast (like Montana) but that have the advantage of beautiful views and calm surroundings have been increasing their profits in the real state market in amazing ways; and areas like Costa Rica, which have beautiful beaches, a tropical climate and that is easily travel from coast to coast in less than a day, gives you several reason to consider this as a great investing opportunity.
Investors, who purchased $30,000 in real estate in the town of Jaco 15 years ago, have seen their property values soar - with some properties now worth as much as $750,000. Another example of the Costa Rica real estate boom is the Marriot Corporation, which built its crown jewel of Latin America - the Los Sueños Resort.
Costa Rica is only 3 hours flying time from many places in the southern U.S. In addition, Costa Rica is a hub that connects South America and Europe. The cost of living in Costa Rica is inexpensive - and you can comfortably live on $2000 a month. While the cost of living is low, the standard of living is high. There are good schools, a variety of leisure facilities and culture, world-class healthcare and a great communications infrastructure. Buying real estate in Costa Rica is easy - the Costa Rican Government encourages overseas investment, and the result of this is that it's easy to buy Costa Rica real estate, and live or work in Costa Rica.
Some legal factors that are of high interest if you want to consider this excellent opportunity are Our tax system for foreign investment is highly attractive, with the current yearly property tax at 0.25% of the declared value of your property.
Costa Rican laws also allow that companies own property in Costa Rica. Therefore, it is possible for foreign investors to own Costa Rica real estate through a company since they can be named as one of the three legal members to represent the company.