About Real Estate in Costa Rica
The three countries- Nicaragua, Costa Rica and Panama offer excellent options for real estate investment with their fantastic coast lines and breathtaking scenic beauty in a pollution free relaxing environment.
Among these nations, Costa Rica has proved to be the first preference for real estate investments among foreigners. A long history of political stability and conscious promotional efforts by the government are main reasons for such a development.
Nicaragua is trying to follow the Costa Rican model for real estate development. The political stability achieved in the past two decades along with the government support will make this a lucrative place for foreign investments.
Many foreign investors turn towards Nicaragua as real estate prices are much cheaper there than in Costa Rica. For some, it is prudent to invest in Nicaragua now as cheap lands at prime locations are still available in this county at reasonably low prices. The Costa Rican phenomenon, where real estate investment growth by over fifteen times in a period of five years is expected to be repeated in Nicaragua, if the political climate remains as it is now.
The real estate prices in Panama are comparable to CR. Panama has good infrastructural facilities. American presence in the country for a long time has created infrastructure which is much closer to American style of living, thus making foreigners feel at home in this country.
All the three countries, Nicaragua, Costa Rica and Panama offer beautiful bio-friendly environments at affordable prices as compared to their home lands for the foreign nationals.
Those who look for settlement in a foreign land close to their home land and those who want to invest in real estate for financial gains should give serious considerations to all the three countries. Individual properties available in all these three countries are to be evaluated on a case by case basis. This will help the investor select the property best suited for the intended purpose.
However, because of the consistent economic climate, a stable government and incredibly reliable real estate value increases, Costa Rica is your best bet for investment considerations - especially when it comes to doing development, buying pre-construction properties and purchasing/reselling lots.
Costa Rica also has the most straight-forward (and favorable) policies in terms of land/title ownership, beachfront title ownership (yes, you can obtain 100% ownership to beachfront properties in some areas of Costa Rica), property taxes and the legal process of acquiring property.
Best of all - if you're looking to purchase and then resell property at a profit (flipping), you'll love the fact that CR has no capital gains tax whatsoever. Combine this powerful advantage with the fact that some investors are making as much as 150% to even 300% or more on resales - that's a pretty sweet deal to say the least!
And if that's not enough - Costa Rica is paradise, literally. But like all opportunities - the conditions won't be "perfect" forever. Eventually, enough people will catch on, riding the real-estate bandwagon (making small fortunes), and then real estate in CR will reach comparable prices to places like Hawaii and Tahiti.
So if you're serious about making some major returns on a real estate property - or even just purchasing a vacation/rental home in paradise - then sooner is definitely better than later...
Related Tags: costa rica, costa rica real estate, costa rica property, costa rica investment
Chris Rempel is currently vacationing in Costa Rica and is actively involved in the real estate development scene with INTL Investors Group.Find out why a few of the smarter investors are making money hand over fist in Costa Rica (while the RE market in the USA is cooling down) Costa Rica Real Estate InvestmentYour Article Search Directory : Find in Articles
Recent articles in this category:
- The Beginning of the Cataloging Code
The first significant cataloging code was published in 1841. The realization that cooperation and s
- In the Lap of the Gods 24
Life moved on. Lily became well liked by both students and staff because of her cheerful outlook on
- In the Lap of the Gods 23
Does fate decide the future? Is it all mapped out for us, predestined, or can we influence what com
- Write Your Memoir: How to Write About What Troubles You the Most
Everyone has a story to tell, and unfortunately those stories aren't always pleasant. What makes me
- How Crafty Word Order Can Instantly Improve Your Writing
by Philip Yaffe I am usually very reticent about offering writing tips. Unless they are linked to
- You Say Grandpa, I Say Deda
I was born with two grandmothers but only one grandfather. In nature's rules of familial supply and
- My Russian American Dichotomy
I was a Russian girl and an American teenager. I had no choice about the first but I tried very har
- In the Lap of the Gods 22
This is just an explanation for those who have read some of the other Chapters of, "In the Lap of t
- Write a Book: 8 Reasons You Should Do it
Studies have shown that 82% of people want to write a book, but few of these actually ever achieve
- Book Review: the Book of Common Prayer
Book Review: The Book of Common Prayer, "My carry-with-me copy is this size, and I recommend it for
Most viewed articles in this category:
- Real Estate Investment - Investing In Commercial Properties
As in any other type of investment, its obviously advisable to do your research well so that the pro
- Taking Care Of Acne Prone Skin With Proper Skin Care Products
Although acne has been largely associated with teeners and puberty, the condition is not only confin
- Do I Really Need Eight Hours Of Sleep Each Night?
What if you were told that there is no definitive answer for why we need to sleep? Your initial reac
- How to Improve Your FICO Credit Score
If you didn't know this already, having a good credit score is more important than having a lot of c
- 10 Tips for a Magnificent Memory
"Where did I leave my keys?" "What did I come in here for?" "Your glasses are on top of your head!"
- Things You Might Like To Know About Card Companies
If you have a regular income and are 18 or over then you may be able to get a credit card. You will
- Bad Breath in Babies and Toddlers
If your baby or toddler has had bad breath lately, not to worry. There are plenty of things you can
- Starving College Students No More
The majority of today's college students are extremely Internet savvy. In fact, many of those studen
- Cosmetic Surgery Financing: How Can You Get It?
Cosmetic surgery, a branch of plastic surgery, can be quite expensive, especially if you are plannin
- Article Marketing, Improve Your Ranking With Links
Article Marketing, without a doubt remains the best free formula for attracting website traffic. At