Article
Hot properties for Investment in Costa Rica
Owning a nest away from home is not a new phenomena among the wealthy Americans; what is new is their desire for finding the place that is comfortable, affordable and yet uncommon. Going beyond the expensive Floridian properties, more Americans are finding their dream properties in the exotic lands in other continents and Costa Rica comes as a natural choice for the savvy investors.
Not only from US and Canada, overseas investors and buyers from Europe are also taking keen interest in Costa Rica real estate. And, why not? According to CIA estimate, Costa Rica real estate finishes among the top five real estate destinations in the world. Costa Rica properties promise good capital growth with a steady growth of 20-50% per year. This means that your investment in real estate gives you good return on your investment.
Add to these the other comparative advantages of Costa Rica real estate over the other Latin American countries. For example, in Mexico, a foreign investor can not buy free-hold properties within 200 miles of the coastline. Take Nicaragua; the lands are cheap, but much of its land is not yet titled.
Back to Costa Rica and you get all sorts of properties of your choice. Environment-friendly construction is the buzzword for the major Costa Rica developers. You can invest in smart condo properties in Costa Rica’s vibrant towns of Santa Teresa, Malpais or Montezuma; you can also invest in the eco-resorts offering spectacular lake or ocean views. Or, if you want to spend your vacation in solicitude, you can invest in the luxury villas or farm houses off the bustling city life.
In the Southern parts of Costa Rica, where the climate is hot and humid, the real estate prices in the cities such as Nosara, Manuel Antonio, and Tamarindo are very high. If you want a well developed city life complemented by all sorts of modern infrastructure, then head straight to these Southern cities.
But, if you want to invest in a typical vacation home to spend a few days of the year, wrapped up in idol luxury, then the Malpais or Montezuma Real Estate in a cooler region will be a better choice for you. From a monetary point of view, these regions make a better choice as the region is short on building sites due to the presence of very steep hills. On the other hand, the region offers you some of the world’s best surfing and snorkeling venues
As a result, the lands in this region promise a higher and faster real estate growth. Because of all these factors the southern Nicoya Peninsula is being conceived as the next best thing among the world’s hottest beach destinations.
When it comes to international real estate investment, Costa Rica gives its other Latin American siblings a good run for their money. Owning a property in Costa Rica means, you own your own piece of paradise in world’s one of the most beautiful places. If you have the money, then Costa Rica real estate is surely a safe bet for you.
