Obtain capital growth capacity. This is the biggest incentive eyed by those who want to invest in Costa Rica real estate.
What makes Costa Rica real estate attractive to the foreign market? The answer is its location. Areas that provide a coastal environment to its settlers are in high demand. People want to live in Costa Rica and enjoy the beauty of nature, the democratic government, low cost of living and low crime rate at the same time.
The rate of acquiring property in Costa Rica have been steadily increasing through the years as foreigners have considered investing in Costa Rica real estate. Due to this, prices of land and property continue to soar and some areas have doubled their value in less than 5 years.
Other countries having these specified conditions are expensive, but in Costa Rica, the dollar has a bigger purchasing power compared to others. Thus, land and property buyers in Costa Rica are able to acquire real estate properties in beautiful and scenic locations at a far lower price.
The Marriot group is one example of big investor in Costa Rica. Those who have bought land in the last quarter of the century have enjoyed the increased value of their property as some who had initial investments of $30,000 have realized it bloom into an amazing $750,000 from that span of time.
Areas like California, Florida and Hawaii were the hot spots of real estate buyers in the past. Those who have invested in these places have gotten ahead of the crowd. Now they are enjoying the fruits of those investments. Consequently, what happened in these areas three decades ago is happening in Costa Rica real estate now. Americans particularly, have exhausted many areas in their country because they usually purchase second homes to spend their vacations with. As the demand for vacation homes in the US has escalated, so did their prices. As a result, many have looked for viable areas to invest in and have looked into Costa Rica real estate as the best choice.
What are other perks that made them choose Costa Rica? Accessibility. Costa Rica is just 3 hours away from the southern part of the US, and additionally, flights are provided non-stop to European and South American destinations. For the cost of living, they have estimated that you can live with $2,000 a month, way below the normal retirement income that pensioners receive. Many are ecstatic at the idea of an inexpensive way of life in this place. The low cost of living is coupled with a high standard. This would prove that standard: the presence of premium facilities like school, great infrastructure, dependable healthcare and sports amenities that one can enjoy. Purchasing Costa Rica real estate is fairly easy because the government supports overseas investments; hence, dealing with red tape is minimal if not totally avoided.
Costa Rica at 32,000 square miles with a population of 3.9 million is a small country, yet you can experience everything you need to live the peaceful and dreamy life. Sandy beaches, warm climate, lush rainforests, sprawling mountain ranges, magnificent lakes and local wildlife are few of these attractions. People who want to invest in property that promises a continuing capital growth see Costa Rica real estate as the paradise for real estate investors.