Los Sueños Resort and Marina, Costa Rica. / The Costa Rica Team courtesy photo
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Why Invest in Costa Rica?
By Vivian Wolf
Costa Rica is the most sought after Latin American investment destination these days. It has emerged as the most attractive and safest destination for foreign investment. The reasons are numerous. From its friendly-to-foreigners attitude, its endless variety of natural attractions and the wave of baby boomers who will need somewhere inexpensive to retire.
Because of its superb location in the Central American isthmus, Costa Rica enjoys easy access to American markets. With its Pacific and Caribbean shores, it has direct ocean access to Europe and Asia.
All of this has come together to create a new surge in a variety of sectors, so that presently eco-tourism, electronics, pharmaceuticals, financial outsourcing, and software development have overtaken agriculture to become Costa Rica’s prime industries, as well as the fact that the real estate market has been stably increasing for a couple decades now, and many experts expect this trend to continue.
According to the CIA World Factbook, Costa Rica is a “Central American success story.” Here are just some of the main reasons why investing in Costa Rica is a smart financial decision.
It's a buyers market - low risks and big gains.
The real estate market has been booming as a direct result of government’s commitment to promoting the property sector. There are benefits to be had when investing in an established market where you can count on good solid gains verses taking your chances on a growing unstable market.
Land investment in Costa Rica has experienced gains of 30 percent per year for 10 years. Those who have invested in the right place have doubled or tripled their investment. This trend looks as though it will continue.
It is a highly desired location. The most important factor to keep in mind when dealing with real estate is location. The natural beauty of Costa Rica proves an irresistible draw for more and more travelers and those in search of the perfect getaway. It is becoming increasingly popular with the soon-to-retire U.S. baby boomers who are actively seeking an affordable and attractive location in which to retire.
Because Costa Rica enjoys relatively low crime, is a neutral country and has a relatively high standard and low cost of living, it is gaining a reputation amongst pre-retirees as a must-consider destination.
There is, therefore, room for the development of real estate to suit this particular market or for the purchase and long-term lease of real estate to this market.
Foreign ownership is 100 percent permitted and easy - the government wants you to own.
All individuals and private companies, local or foreign, can own Costa Rica land and property. Few restrictions apply, the most important being physical occupancy and a 50-meter limit from the beach on oceanfront property. It is extremely easy to become an owner here in Costa Rica.
Potential real estate investors, must first go to the National Registry for a tittle search. Every property in the country is on file with its current status, and anyone can request the file at any time. The Costa Rican government has implemented a series of incentives that have been made available to oversees real estate investors. They wish to develop specifically for the tourism market and is well aware of its popularity and is keen on maintaining it.
With so many advantages as to why invest in Costa Rica, let us not forget that having an experienced and trusted partner to guide you through the process is imperative, The Costa Rica Team is that partner. With a proven track record and more than 100 years of combined experience, the Cielo Vista development team has invested its own capital and time in this new development project. We offer investors a safe and secure investment opportunity with exceptional returns. This investment offers a clear-cut exit strategy and is in full compliance with both U.S. and Costa Rican laws and regulations. This allows you to take full advantage of the many benefits of a safe vehicle for foreign investment.
We truly realize that investing in a foreign jurisdiction is a serious undertaking and you need to feel safe and secure.
The Costa Rica Team has a stellar record of treating every single client and their interest as if it were their own, and knowing that you have the best of the best working on your behalf is essential.
You can always talk to a true expert, Charles Boyd who is available for a free consultation at 1-800-231-0117. With 25 years of on the ground experience, helping people successfully invest and retire in Costa Rica, Charles has the wherewithal to change your lifestyle.
More information on advantages as to why invest in Costa Rica can be requested at info@thecostaricateam.com
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The views or opinions expressed by the author are the sole and exclusive responsibility of the writer and do not necessarily represent the opinion of A.M. Costa Rica. Therefore, the newspaper does not accept liability for the article content.
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