REASONS WHY COSTA RICA REAL ESTATE IS A GOOD INVESTMENT

Costa Rica is a fast-growing real estate market. We all have dreams of owning a house in the mountains surrounded by lush greenery or a beautiful stay facing the ocean. Investing in the real estate of Costa Rica is the ticket to all that and more. The happy, beautiful, and peaceful country is undoubtedly one of the growing tourist spots of the world, with millions visiting every year. Recent trends are showing that Costa Rica is more than just a vibrant and friendly vacation spot. The country is the right option for a financially secure investment as well.

However, investing a lot of money can raise a lot of concerns. There is always concern about profitability. Here are some of the real reasons why Costa Rica is a solid overseas investment opportunity.

A slice of paradise

uying real estate in one of the most beautiful places in the world is like owning a house in paradise. You can have your own place while enjoying your vacation with family and friends. When you are not using it, you can make money from the house by renting it out. You don’t need to worry about seasons affecting your returns as tourism is a year-round business here.

Political stability

Political and economic stability are two major factors that weigh into consideration when making real estate investments overseas. What makes Costa Rica a booming real estate market is the nation’s strong democracy. With its army abolished in 1948, the economic and political status of the country has grown to become one of the most stable ones in all of Latin America. This makes it a suitable place for investments.

Why Costa Rica a booming real estate?

Political and economic stability are two major factors that weigh into consideration when making real estate investments overseas. What makes Costa Rica a booming real estate market is the nation’s strong democracy. With its army abolished in 1948, the economic and political status of the country has grown to become one of the most stable ones in all of Latin America. This makes it a suitable place for investments.

Easy access to efficient services

The existing infrastructure in Costa Rica is already excelling and they are getting better every year with more and more real estate and business investments in the country. Even in the most remote regions, all services are of high quality and there is transportation available to all regions without difficulty. Most of these services are less expensive, especially when compared to US prices.

Flexible expat investment options

By law, you don’t need to have residency status to purchase real estate investments or run businesses in Costa Rica. This has allowed many foreigners to own beautiful properties in the country and led to the growth of expat communities in places like Los Sueños in the Central Pacific. Most of these investments are meant to rent out their vacation home or manage a property that can truly pay off. However, there are also many expats who see the investment as a perfect retirement plan or simply relocate.

Low property taxes

When compared with the US and Canada, the property taxes paid in Costa Rica are really low. Even for the most luxurious houses, the rate is as low as 0.25% of the registered property’s value. For properties that value more than an approximate $3,379,5751.00 USD (¢1,943,000,000.00), there will be increments between 0.05% to a maximum of 0.55%. Even then, it is a considerable advantage for real estate investors.