With the declining US property market, many wise investors are looking offshore for their next project, and many of these investors have set their sights on Costa Rica.
With strong purchasing power for United States investors, plenty of property at a great price, and a preferable and simple way of life, Costa Rica has a lot to provide.
The oldest democracy in Central America, with a policy of preserving peace and nature, Costa Rica is a safe and gorgeous place to build. Immigrants have the same rights as Ticos (as Costa Ricans call themselves) when it pertains to purchasing property. With a third of all land reserve for conservation, there is never a lack of rolling green hillsides, tropical flowers, frolicking monkeys and sparkling clear rivers.
But what most draws investors to Costa Rica real estate investments are the terrific values in home and the appreciation they see year after year. Home values in some parts of the nation boost as much as 50 % annually, but even conservative investments can see a minimum of 15 % return on investment. Lots of properties and land are for sale, offering lower prices by preventing broker commissions, and many investment chances offer financing.
Smart assets can be made in all geographic areas of Costa Rica property. It includes buying pre-existing homes, renovating older houses, simple buy and hold techniques, building raw land, and most popularly, constructing houses in gated neighborhoods that currently have the infrastructure in place. Gated communities have the advantage of 24hour security, decent sized lots, and a neighborhood feel with like-minded neighbors.
Whether you prepare to purchase your dream house for your retirement in paradise or buy with the objective of taking profit, Costa Rica is the place for you. Many have made this beautiful nation their home, and there are many more in the process. You can buy an investment property and even use it as a holiday home until you decide to sell it later on in the future at a profit.