Costa Rica is one the few beautiful countries in Central America to allow foreign investors to buy properties in the county. It has led to a stupendous growth in Costa Rica real estate market. The country has been mentioned as a “success story in Central America” by CIA world fact book, and it earnestly suggests international investors to participate in the real estate growth story of Costa Rica. That is why many of them opted to retire in Costa Rica because of its beautiful places. click here for more information.
The Costa Rican government has also aided the influx of money into the vacation and retirement homes by giving a series of tax breaks and investment incentives to international investors. This has attracted investors from all over the world, particularly the United States and Canada. The real estate in the country is particularly popular among the retiring (or retired) baby boomers in the United States who are looking for a second vacation or retirement home. for further details, visit : https://costarica.usembassy.gov/cr_invest.html
Low cost and high standard of living, low crime rate, stable government, and natural beauty – in the 0.25% of the world’s land mass it has, the country claims the presence of 5% of world’s biodiversity. Close to 25% of the land mass of Costa Rica property is either national parks, or are protected lands. This gives vacationers and people buying second homes a peaceful stay in the Central American country amidst acres and acres of natural, untapped landscape and miles and miles of sea beaches, many among which are still untouched.
The low cost and high standard of living in the country has particularly interested the retiring baby boomers, who know that a life led in luxury will come to an end when the stream of in flowing money will start drying up after retirement. They know affording a good retirement home in the United States will be difficult, so they look towards this country to invest in the country’s luxurious property market.
Another reason for people buying Costa Rica real estate and settling down in the country is the full-blown expat communities in the country, which is growing ever larger, as the time passes. The comfortable life of expats in the country has motivated returning old people as well as nature lovers to invest in the Costa Rica real estate. Some do for a pure investment purpose, whereas a good number of people do so to live amidst nature; experience the colors and vibrancy of life.
The property price in the Central American is on the upward track for more than a decade now. In terms of real estate development, the country is moving from strength to strength, from development to development. This is pushing the prices of Costa Rica homes further up. For the people who want to invest in Costa Rica Real Estate, delaying is not an option. Anytime now, the torrent of foreign investment will get poured in the property market here, making the property out of bound for many smaller investors.
The Internet is by far the easiest way to search for anything you want. Be sure to do good research on the area you would like to invest on.
Don’t pay more than what the fair price is, go and research at a reliable Real Estate Website with a good MLS Search.