Costa Rica Bienes Raices – An Investors Paradise
So, why consider buying bienes raices in Costa Rica? If you have ever visited Costa Rica, you would more than likely agree that the more appropriate question would be ‘why not?’
Costa Rica’s land area is 50 660 km2 and boasts 1 290 km of stunning, sandy coastline that are freely available to the public. The interior of the country holds its own beauty and variety in the form of coffee plantations, rain forests and steaming volcanoes.
Surrounded by the Caribbean Sea on the east and the Pacific Ocean on the west, the country is one of exceptional beauty. The ocean is warm, the sand varies in color from volcanic black, browns, red and whites and there are many species of insects, birds and animals inhabiting the country. All these reasons result in a huge source of eco tourism for Costa Rica.
There are 2 main seasons in Costa Rica, essentially being the wet and dry season. Dry season runs from December to April and rainy season from May to November. The climate and temperature levels are determined mostly by elevation with the sea level bringing tropical heat and humidity and cooler sub-tropical weather occurring in the mountains. The Central Valley which surrounds San Jose experiences spring-like weather all year round.
With all this natural beauty, it’s no wonder that people who visit Costa Rica often explore the option of moving there or purchasing a holiday home there. However, before investigating in Costa Rica Inmobiliaria, potential investors should investigate all the benefits and main angles of this investment.
The Main Angles of Investment in Costa Rica Bienes Raices
Firstly, Costa Rica’s natural beauty has catapulted it as an idyllic paradise holiday destination. As more and more tourists flood to the country, the demand for quality hotel and rental accommodation will continue to increase. The accommodation in Costa Rica is already unable to meet the demands of tourists, and with no sign of decrease in the popularity of this holiday getaway, it is imperative that more holiday and rental accommodations become available. The government is well aware of this fact and is eager to attract investors wishing to develop property specifically for the tourism market.
Secondly, Costa Rica is becoming increasingly popular with many US citizens who are soon to retire. Costa Rica is an affordable location and the fact that it is neutral, the crime level and cost of living are relatively low and the standard of living relatively high, makes it a very attractive option for these pre-retirees. This angle opens up an opportunity for potential investors to explore the development of real estate to suit this specific market, or look at leasing their investment property on a long term basis to this market. This particular market of pre-retirees also presents a better opportunity to buy a property now, improve it and resell it to this market in the medium term in order to make a profit.
Benefits of Investing in Costa Rica Bienes Raices
Purchasing a Inmuebles in Costa Rica really is a great real estate investment for your future as it will provide you with a home in a sought after location, as well as an option to resell the property at a profit at a later date. As it is still a buyer’s market there, you could very well obtain the home of your dreams at a very reasonable price. Costa Rica property is also a very good asset to have, as if you decide to sell it in the future; you should get a very fair price for it. Any improvements or additions you make to your property will also more than likely increase its resale value, making your property worth much more than what you paid for it.
The Economic, Political and Social Stability of Costa Rica
The economic, political and social stability of Costa Rica has enabled it to reach great success in luring foreign investors. The Costa Rican people are known for their high ethics and morals as well as their tolerance and commitment to compromise and peace. They are recognized to be among the top educated and socially aware people in the world.
Costa Rica was the first country in the world to constitutionally abolish its army and since 1949 the government has been a stable democracy. The country has managed to successfully avoid widespread violence that characterizes most of Latin America.
The past twenty years have also not seen Costa Rica experience any economic crisis. Poverty has in fact been reduced from 40 percent of the population to below 20 percent of the population and their average economic growth rate is approximately 2.5 percent each year. Their increase in world trade has also led to an expansion of the economy and greatly reduced the economy's vulnerability to financial crisis. The country has a $1.9-billion-a-year tourism industry and ecotourism comprises a great portion of this. It is a priority of the Government and citizens to protect their environment. This will guarantee that their national parks and protected area will continue to be a great source of tourism and income for the country.
Many of the country’s policies focus on social stability and their economic and political policies have helped ensure that the basic needs of people are being met and the standard of living is continually improving. The Costa Rican people are well-educated and nearly all are literate, universal public education is guaranteed in the Constitution, primary education is compulsory and both preschool and high school are free. Their medical system is rated very highly and there is access to clean water and health services. Costa Rica’s life expectancy rate is also very high. All these social indicators are among the best in Latin America.
The Costa Rican government has managed to achieve political, economic and social stability over the last 50 years. The Government is also committed to promoting the property sector and encouraging international investors to come to Costa Rica and explore its various real estate opportunities. The government has even implemented a series of tax breaks and investment incentives available to overseas real estate buyers. Taking these factors into account, it’s no surprise that the Costa Rica Inmobilaria market is booming and that its success seems to be assured.
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