Costa Rica, which lies between Panama and Nicaragua, boasts of spectacular beaches, wildlife found in the rain forests, waterfalls and the scenic ocean view that attracts tourists from all over the world. Costa Rica real estate provides rental homes to tourists and visiting foreign investors. Foreigners may also purchase the homes, which may serve them as holiday homes.
With all real estate there are two main reasons to buy, whether it is around the block or around the world, you either want to live on the property or invest in the property. With the real estate markets in America going the wrong direction for the investor, other parts of the world are becoming more attractive. At this time in Cost Rica, land investment growth is in the double digits. Consider that many Americans, due to the economy, are starting to retire with less money than they thought they would have. They will start looking for less expensive places to retire than the usual destinations in the states. With its’ beautiful weather, low cost of housing, and up to date medical facilities Cost Rica is fast becoming a popular tourist destination and retirement destination. All of this combined makes it an excellent location to invest in real estate.
Costa Rica is an ideal location for investment, both business and real estate. The government offers foreign investors many benefits. There are no controls on foreign exchange, or on capital gains, or profit repatriation. A foreign investor will also have no restrictions on owning business, or land, and they have the same property rights as local citizens. Business and property taxes are very low, and another incentive is that the real estate market in Costa Rica is based on the US dollar. Costa Rica is a peaceful country with the most stable government in the region. If your are considering opening a business in the country the free education system in Costa Rica creates a high quality workforce. Costa Rica is already the largest exporter of technology products to the US in Latin America.
You can be assured that the country will draw a wide diversity of people from all over the world for many years due to its natural beauty. Investment in the tourism industry will remain a strong choice due to Costa Rica’s growing appeal as a tourist destination. The country can offer tourist many activities and natural wonders to behold. It has sun-drenched beaches with coastline on two different oceans, mountains, rain forest, and a wide assortment of wildlife. The government of Costa Rica understands that the natural beauty of its country is its’ greatest asset and will always protect them. Most transactions in Costa Rica go smoothly without any problems, but you will want to do your research, and deal with the most reputable agencies available to protect yourself from having any troubles with your investment.