Costa Rica continues to be popular with overseas property investors due to 4 specific reasons that give it a huge edge over its rivals, for investment property or second homes.
Let’s look at these reasons in more detail.
1. Capital growth potential
It’s an established market yet ever increasing numbers of buyers mean that it still produces great gains with low risk.
Let’s look at an example.
A property bought near the popular resort of Jaco just 15 years ago for $30,000, is worth almost $800,000 today and savvy investors are still making 30 – 100% capital gains per annum.
This stunning growth is still available because, popular resorts and infrastructure are expanding.
By buying near these new developments you can take advantage of price increases as the developments are completed.
Keep in mind, that beach front property is still available at up to 70% less than in the USA and Costa Rica is just a few hours by direct flight from the southern USA.
So its literally like moves states in terms of distance.
As with any overseas property investment location is the key and looking out for future property hot spots can yield big gains with low downside risk.
2. Affordable Living
You can live far cheaper in Costa Rica than in the USA and this is attracting an increasing number of “baby boomers” who want to make their retirement funds go further.
You can live comfortably on around $2,500 a month and this is highly attractive for people retiring on limited funds.
3. Lifestyle
Of course, affordable living is great, but you still want all the comforts you are used to and Costa Rica offers a lifestyle that is hard to beat at any price.
You get a great infrastructure, all the entertainment you could want as well as beautiful surroundings.
Costa Rica offers pristine beaches, crystal blue sea, stunning rain forest, volcanoes, mountains waterfalls and an abundance of wild life – making this a truly affordable slice of paradise.
Over 100,000 foreign investors have already come to Costa Rica and many more are coming.
This means that foreigners feel comfortable – they have all the comforts of home, a large community they are familiar with and finally, it all costs a lot less for a comfortable lifestyle.
4. Security and ease of purchase
Costa Rica property investment remains low risk as the country is:
Safe, serious crime is rare and the government encourages foreign investment which makes the buying process simple. For example, you get the same rights as residents and a property investment is very tax efficient.
There are a wide variety of specialist Realtors who will help you buy the Costa Rica property of your dreams.
Add it all up
Overseas property investment in Costa Rica Offers you not only a luxury lifestyle it also gives it to you at a cost you can afford.
It also gives you the potential to make big capital gains, which is an appealing combination for many people.
Costa Rica remains the number one destination for Americans and other foreign nationals due to the unique combination of benefits above and will continue to attract more and more investors.
Consider the benefits of overseas property investment in Costa Rica and you may be glad you did.
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Cuba, Costa Rica - Easter
By: ChenInSA | 27-12-2007
Do they celebrate Easter in Cuba?When is it celebrated in 2008 (what dates)?The same question regarding Costa Rica as well .
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