By Bridgette Campbell
If you think buying property for investment and capital growth potential sounds good then you should look into the Costa Rican real estate!
The Costa Rican real estate market has seen rising prices, and is only expected to continue as more and more foreign investors are looking into property in Costa Rica. Already there are areas that are greatly soaring, seeing double their value in only two years.
So, how do you get on it? - Let’s find out:
Location
Location location location! Location truly is the key when looking to invest in real estate. Coastal view properties are high in demand! This is no exception to the property market in Costa Rica.
A Country of Stunning Natural Beauty and Intrigue
In comparison to other countries real estate in Costa Rica is much cheaper, and interest in the prime properties is growing. Those investors who are getting in on the boom right now are looking to make large gains on their investment in the near future.
Getting in Ahead of the Crowd
The trick is to be in ahead of the crowd when buying property.
Those who have taken a chance and invested in the coastal real estate in places such as California, Hawaii and other parts of Florida were ahead of their game, and were immensely rewarded with fantastic long term capital growth. A typical investment of $30,000 in any of these three states thirty years ago could have returned over $1,000,000 today!
Why Costa Rica?
The situation in those three states thirty years ago is occurring once more – this time in the Costa Rican property market! This could be due to the fact that many Americans are looking to buy their second homes in the US at a record rate- which ultimately drives up the cost of vacation homes. They are now having to looking somewhere else.
Costa Rica’s Big Profit Potential
Those who have invested in towns such as Jaco fifteen years ago are seeing tremendous property value increases. Some properties that were bought for $30,000 are now worth as much as $750, 000.
You can also see great profit when looking at the Marriot Corporation who built their crown jewel of Latin America – the Los Suenos Resort, and pre sold fifty condominiums of 2000 square feet for $250,000. The following year Marriot sold another fifty at $35,000. This year we are seeing even greater profits, as the upper end units are being sold for between $450,000 and $850,000!
The Standard of Life in Costa Rica
The property prices in Costa Rica are rising to such highs because the country itself is offering buyers value for their money, and a lifestyle of quality.
Some of the benefits are:
Easy Access
One of the greatest things about Costa Rica is that it is only a three hours flight from most places in the southern US. Plus if you are in Costa Rica you can take a nonstop flight to South America and Europe.
Cost of Living
Cost of Living in Costa Rica is super cheap! You can comfortably live on a $2000 monthly budget. To top it off, in most areas real estate costs much cheaper than it does in the US.
Standard of Living
Unexpectedly the standard of living is quite high for such a low cost of living. Costa Rica is full of good schools, numerous leisure facilities and culture, world class healthcare and lastly a great communications infrastructure.
Buying is Easy
Being able to buy land in Costa Rica is easy! Their government is firmly behind the development, and strongly encourages foreign investment. It is thus easier to buy land with such support and less red tape.
A Country of Stunning Natural Beauty
Costa Rica may be small country but it is huge in natural beauty! While it is only 32,000 square miles with a population of 3.9 million, it is overflowing with options:
- Breathtaking white sandy beaches
- Gorgeous mountains
- Rolling hills
- Beautiful relaxing lakes
- Incredible rain forests
- And much much more!
Costa Rica for Living OR Investment
The real estate market in Costa Rica is the place to buy – it is affordable and easy to buy. The interest is growing as more and more foreign investors are looking to buy cheap property in a country that is stunning in its natural beauty and a standard of living that cannot be denied!
If you want long-term capital growth then ignoring Costa Rica real estate would be a huge mistake! Get into it now, and get into the world’s most exciting property markets!
