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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. |
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