If you are thinking of buying
property, then you should consider buying property in Costa Rica. Costa Rica is
very beautiful country of Central America and is situated just south of Nicaragua and north of Panama. This
country possesses some of the beautiful beaches, wildlife, waterfalls, rain
forests and numerous thundering rivers, and excellent lakes for windsurfing and
boating. The prices of property are currently still inexpensive but rising
rapidly.
For most
foreigners the main beach
development areas that are worth
considering for retirement and/or vacation homes can be found in Guanacaste
areas such as Flamingo, Junquillal, and Tamarindo. The Central Pacific beach areas
around the towns of Jaco Beach, Quepos and Manuel Anotonio are also attractive.
This Central Pacific area has great potential, as it is much closer to the Central Valley and San Jose.
The new Villa Colón-Orotina and Quepos-Dominacal highways will have a huge
effect on real estate values in this area, as it will reduce driving time to
the Central and South
Pacific areas.
Real estate business is the
main business of Costa Rica. There are no restrictions on foreigners owning
real estate in Costa Rica but buyers must do their due diligence when
considering a particular property. Just as elsewhere, ensuring the title to an
acquired property is clean and clear is of paramount importance. In addition,
one must be aware of some of the limitations that apply to properties in
certain areas. "There are government imposed restrictions on how close to
the high water mark a person may own land or build. Also, legally speaking, all
beaches are open to the public. No one can own the beach or restrict access to
it.
The land ownership by both local and foreign citizens in Costa
Rica is protected by the country’s constitution and laws. Anyone regardless of
race can gain ownership of a private land provided that there are no
restrictions imposed on such. Restrictions will be made if that particular land
must be acquired by the government for its programs. These particular lands may
be sold to Costa Ricans and may not be acquired by foreigners until a certain
time period has lapsed.
Property prices
in Costa Rica real estate is rising. Investors that purchased a $30,000
property 15 years ago, now find their property is worth as much as $750,000.
The prices have dramatically increased as Costa Rica has attracted more foreign
buyers and tourists every year.
In the end I would
suggest to everyone having capital in hand to invest in Costa Rica real estate.
It would be helpful in future for achieving business goals and high out return.
For reference
about Costa Rica real estate check http://www.costa-rican-real-estate.com/
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