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Costa Rica Real Estate Ė Getting Rich in the New Real Estate Boom
If you want to buy property for investment and capital growth potential, then you need to consider investing in Costa Rica real estate.
Costa Rican real estate prices have been rising for years, and as more foreign buyers look at investing in Costa Rican real estate, prices look set to soar. Already prices in some areas are booming - and many properties have doubled in value in just two years!
So, how do you get in on the booming Costa Rican real estate market? - Letís find out:
The key to buying real estate anywhere is location. Itís a fact that properties worldwide that have coastal views are in high demand - and this trend is now being seen in the real estate market of Costa Rica.
The Appeal of the Coast
Investors in the Costa Rica real estate market are able to buy properties on a beautiful coastline, in a country of stunning natural beauty.
In Costa Rica, real estate is cheap in comparison with many other countries - but interest in prime Costa Rica properties is growing - and investors who get in on the boom now, look set to make huge gains on their investment in the near future.
Getting in Ahead of the Crowd
When buying property, the trick is always to be in ahead of the crowd.
People who took a chance and invested in coastal real estate in California, Hawaii and some parts of Florida were ahead of their time - and were rewarded with fantastic long-term capital growth. For example, a typical $30,000 investment in any of these three states 30 years ago, could have returned over $1,000,000 today!
Why Costa Rica?
What happened in California and Hawaii 30 years ago is happening again - in the Costa Rica property market. A major factor is that Americans are buying second homes in the United States in record numbers - thereby driving up the cost of vacation homes - and theyíre now looking elsewhere.
Costa Ricaís Big Profit Potential
Investors who purchased $30,000 properties in the town of Jaco 15 years ago, have seen their property values soar Ė with some properties now worth as much as $750,000.
Another example of the Costa Rica real estate boom is the Marriot Corporation, which built its crown jewel of Latin America Ė the Los Suenos Resort, and pre sold 50 condominiums of 2000 square feet for $250,000. The next year Marriot sold another fifty at $350,000. Now this years upper end units are being sold at between $450,000 and $850,000!
The Standard of Life in Costa Rica
Costa Rica real estate prices are being driven higher because the country offers buyers value for money - and a quality lifestyle.
Here are just some of the benefits:
Costa Rica is only 3 hours flying time from many places in the southern U.S. In addition, many non-stop flights are available to South America and Europe from Costa Rica.
Cost of Living
The cost of living in Costa Rica is inexpensive - and you can comfortably live on $2000 a month. In addition, in most areas, real estate costs far less than it does in the U.S.
Standard of Living
While the cost of living is low, the standard of living is high. Thee are good schools, a variety of leisure facilities and culture, world-class healthcare and a great communications infrastructure.
Buying is Easy
Buying real estate in Costa Rica is easy - the Costa Rican Government encourages overseas investment, and the result of this is that itís easy to buy property, and live or work in Costa Rica - and red tape is kept to a minimum.
A Country of Stunning Natural Beauty
Costa Rica is a very small country - just 32,000 square miles, with a total population of just 3.9 million. Costa Rica may be a small country, but it has something for everyone:
. Stunning white sandy beaches
. Rolling hills
. Beautiful lakes
. Stunning rain forests
And much more.
Costa Rica for Living or Investment
Costa Rica real estate is easy to buy and itís cheap. Interest in real estate is growing - as more overseas investors look to buy affordable property in this country of stunning natural beauty with a standard of living thatís great.
If youíre looking for long-term capital growth then consider Costa Rican real estate now - and get in on one of the worlds most exciting property markets.