Saturday, June 16, 2012

Why Buy Costa Rica Real Estate?

costa rica real estate
Investing in Costa Rica real estate is a great option for real estate investors. Many US investors are looking for investment in Costa Rica. According to recent reports, investing in Costa Rica allows for an ideal return on investment because costs are low, the location is ideal for tourism and it offers excellent resources to second home buyers. In Latin American property, Costa Rica is the largest, most sought after property market.

living in Costa RicaThere are many reasons why someone buy Costa Rica real estate?40 million baby-boomers are currently entering retirement over the next few years, and many are looking for a higher quality of life than they can find in the U.S.  The U.S. Census Bureau defines the Baby Boomers as those born between January 1st, 1946 and December 31st, 1964. They want to spend their retired life in Costa Rica due to its beautiful climate. Violent crime is a problem in almost all of Central American countries except Costa Rica, where it’s rare. Costa Rica has lowest crime rate as compared to other countries of U.S.  There is no Malaria in Costa Rica. No army. Little pollution compared with other nearby countries and a stable, booming Democratic government.

With good and experienced legal help, it is not difficult to get permanent residence in Costa Rica. In order to qualify for retired status, the applicant must show proof of $1,000 in monthly income from a qualified pension plan. A married couple needs to show proof of only one pension of $1,000 per month. Pensioned agree to live in Costa Rica for a minimum of 121 days (approx. 4 months) per year and there is no maximum. Since most people looking to retire qualify for pensioned status and want to live in Costa Rica more than 4 months out of the year, the requirements for being a resident are more than manageable.

buy land in costa ricaReal estate markets in the U.S. have topped out, making investing in the U.S. an unattractive option, and prices in many areas of the U.S. are expected to drop. Therefore, many top real estate investing experts are advising their clients to buy outside the U.S. Costa Rica’s real estate is steadily increasing prices (20-50% per year) to ensure a good return on your investment. So it is a great option for investment. The CIA’s assessment of world real estate in 2007 rated Costa Rica as one of the TOP 5 best real estate investments.

In conclusion, I would suggest if someone has capital for investment then he should invest in Costa Rica real estate. It would be helpful for him in future to attain his business goal and plans. He will get a huge return on investment.

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