Costa Rica Real Estate - Getting Rich in the New Real Estate Boom
By Stephen Todd
If you want to buy property for investment and capital growth potential, then you need to consider investing in Costa Rica real estate. 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. Already prices in some areas are booming - and many properties have doubled in value in just two years!
So, how do you get in on the booming Costa Rican real estate market? - Let's find out:
Location
The key to buying real estate anywhere is location. It's a fact that properties worldwide that have coastal views are in high demand - and this trend is now being seen in the real estate market of Costa Rica.
The Appeal of the Coast
Investors in the Costa Rica real estate market are able to buy properties on a beautiful coastline, in a country of stunning natural beauty. In Costa Rica, real estate is cheap in comparison with many other countries - but interest in prime Costa Rica properties is growing - and investors who get in on the boom now, look set to make huge gains on their investment in the near future.
Getting in Ahead of the Crowd
When buying property, the trick is always to be in ahead of the crowd. 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!
Why Costa Rica?
What happened in California and Hawaii 30 years ago is happening again - in the Costa Rica property market. A major factor is that Americans are buying second homes in the United States in record numbers - thereby driving up the cost of vacation homes - and they're now looking elsewhere.
Costa Rica's Big Profit Potential
Investors who purchased $30,000 properties 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 Suenos Resort, and pre sold 50 condominiums of 2000 square feet for $250,000. The next year Marriot sold another fifty at $350,000. Now this years upper end units are being sold at between $450,000 and $850,000!
The Standard of Life in Costa Rica
Costa Rica real estate prices are being driven higher because the country offers buyers value for money - and a quality lifestyle. Here are just some of the benefits:
Easy
Access
Costa Rica is only 3 hours flying time from many
places in the southern U.S.
In addition, many non-stop flights are available to South America and Europe
from Costa Rica.
Cost
of Living
The cost of living in Costa Rica is inexpensive - and you
can comfortably live on $2000 a month. In addition, in most areas, real estate
costs far less than it does in the U.S.
Standard
of Living
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
is Easy
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
property, and live or work in Costa
Rica - and red tape is kept to a minimum.
A Country of Stunning Natural
Beauty
Costa Rica is a very small country - just 32,000
square miles, with a total population of just 3.9 million. Costa Rica may
be a small country, but it has something for everyone:
- Stunning white sandy beaches
- Mountains
- Rolling hills
- Beautiful lakes
- Stunning rain forests
- And much more.
Costa Rica
for Living or Investment
Costa Rica real estate is easy to buy and it's cheap.
Interest in real estate is growing - as more overseas investors look to buy
affordable property in this country of stunning natural beauty with a standard
of living that's great.
If you're looking for long-term capital growth then consider Costa Rican real estate now - and get in on one of the world’s most exciting property markets.
Article Sources
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