If you are thinking of buying property for second home, 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.
In this article I would like to share some reasons answering the question that why buyingproperty in Costa Rica is a good investment? First one is 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.
Second reason is buying property procedure. Buying property in Costa Rica Real Estate is easy. The Government encourages investors with no restrictions and foreigners are entitled to the same ownership rights as Costa Rican citizens. So buyers and investors prefer to invest in this area as buying rules and regulations are easy.
Another one is property in Costa Rica is inexpensive. Despite these huge property price rises, Costa Rica real estate is still cheap compared to other parts of USA. Prices for beachfront properties cost up to 70% less than other states of USA like Florida and Arizona. When buying a property in any area, you need to look at the infrastructure, which can improve an area’s value. Fortunately in recent years Costa Rica improved its infrastructure that will increase property prices in this area. A new freeway, a new marine and a new airport are three examples of changing and improving infrastructure which is good sign for Costa Rica real estate. So as a buyer you should consider location before buying property in any area.
Last one is Costa Rica real estate market is demand driven market. Buying property in Costa Rica will continue to be a sound investment as foreign buyers look for an affordable place to live with a great lifestyle.
American’s CIA declared that Costa Rica real estate is among the top 5 best real estate investments. The tax rates, investment terms and conditions and other property ownership laws are also very lenient and easy to follow. Costa Rica land investment has seen average gains of 30% per year for 10 years and many investors in the right location have doubled or tripled their investments quickly and continue to do so. These are the some facts about Costa Rica real estate investment.