| It certainly looks like paradise - miles
| |
| | on the Caribbean coast are generally less
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| of unspoiled beaches, tropical rain
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| | expensive than those on the Pacific
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| forests, quiet fishing villages,
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| | coast.
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| beachfront villas and luxury condos. It's
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| | Purchasing a home in Costa Rica is a
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| hardly a surprise that Costa Rica has
| |
| | relatively straightforward experience.
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| quickly become one of the hottest spots
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| | There are virtually no restrictions on
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| for both investment property and vacation
| |
| | owning private land and foreign citizens
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| homes.
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| | have the same rights as citizens of the
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| Costa Rica whose name aptly means rich
| |
| | country. Purchasing and owning a piece of
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| coast has many advantages to offer. This
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| | land can be accomplished without having a
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| small country of around 4 million people
| |
| | presence in the country.
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| is just a few hours flying time from many
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| | Financing is readily available from
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| parts of the United States, and several
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| | private and public banks for homes in the
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| US airlines offer direct flights. The
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| | country, although you usually have to
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| country boasts a strong economy, a stable
| |
| | become a resident. Foreigners may also
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| government and surprisingly good schools
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| | use the pre-tax IRAs from the US to
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| and medical facilities. Because of its
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| | purchase property a procedure that is
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| excellent standard of living, Costa Rica
| |
| | both acceptable and perfectly legal.
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| is sometimes called "the Switzerland of
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| | Property taxes are low in Costa Rica,
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| Central America".
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| | varying from 0.5% to 1.5% of the total
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| Despite the real estate boom, housing in
| |
| | property value.
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| Costa Rica is still affordable compared
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| | And if you are thinking of living in your
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| to most parts of the United States. It's
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| | investment, Costa Rica has one of the
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| possible to buy a perfectly adequate
| |
| | highest standards of living in Latin
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| family home in a decent neighborhood for
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| | America. The capital, San Jose is among
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| less than $100,000 - compared to the US
| |
| | the least expensive capital cities in the
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| where the average cost of a home is now
| |
| | world, and costs tend to decrease the
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| around $230,000. Rentals and short term
| |
| | further away you get from San Jose. Basic
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| accommodation are relatively inexpensive
| |
| | utilities such as electricity and water
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| too a typical family rental house can be
| |
| | are inexpensive and heating isn't
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| rented for under $500 a month; a larger
| |
| | generally needed because of the warm
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| home or a luxury house or condo rents for
| |
| | climate the year round average
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| as little as $1000 a month.
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| | temperature is 76 degrees. Entertainment,
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| As an investment, Costa Rica real estate
| |
| | groceries and dining out are all cheap by
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| is hard to beat. Some properties have
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| | US standards, and public transportation
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| increased in value almost ten times over
| |
| | is efficient and affordable. And a gallon
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| the last decade, a trend likely to
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| | of gas costs around $2 one of the lowest
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| continue. Beachfront property in
| |
| | rates in the Americas.
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| particular is a safe investment because
| |
| | Investing in real estate can be a risky
|
| of the constant high demand. Luxury
| |
| | business. Whereas nothing is guaranteed,
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| beachfront properties - still one of the
| |
| | the Costa Rica housing market shows no
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| most sought after investments in Costa
| |
| | real signs of slowing down. Grab that
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| Rica - can be purchased for significantly
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| | secluded beachfront property while you
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| less than in the United States. If you
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| | can there are only so many to go around!
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| are looking for a beachfront home, houses
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| |
|
