Costa Rica - A country open to foreign investment.
Costa Rica is riding a wave of well deserved popularity as an ecological wonderland. For a country about the same size as the state of West Virginia, it's packed with incredible biological diversity, varied landscapes, and a seemingly endless selection of outdoor diversions, from bird watching and beach trips to rigorous rafting and rain forest hiking trips.The Costa Rican government and its laws encourage direct foreign investment. This attitude is shared by the two major political parties and has been implemented actively since the early eighties. Also, the improvement of conditions destined to attract foreign companies has been the trademark for the past 15 years.
An investor interested in commercial property opportunities in Costa Rica
could tap into the tourist sector. Alternatively a real estate investor could seek to target the growing numbers of visitors seeking quality self catering properties for short term rental or those looking for holiday homes for sale in Costa Rica. The resorts on the Pacific Coast have seen the greatest gains in underlying property value of late and currently offer an investor the best rental yields available in the country as well.
Buying Real Estate in Costa Rica
Costa Rica beach properties are a hot commodity. Over the past 5 years, Costa Rica real estate has average over 10% appreciation per year, and as much as 20% in the last two years. This country boasts some of the loveliest beaches in the world, filled with water sports and other activities for vacationers. You'll pay more to purchase Costa Rica beach front real estate than for other locations on the country, but you'll have fewer weeks each year when your property is vacant, and you'll be able to charge higher rent. With a Costa Rica villa on the beach, you'll be lucky to be able to keep two weeks a year open for your own vacation!When you're perusing the Costa Rica real estate listings, be sure to take a look at all areas of the country. Both the Pacific and Caribbean sides of the country have lovely beaches. The Northern Region is home to the Arenal volcano, another popular vacation spot, and the very popular vacation and surf spots of Tamarindo and Nosara. The Central Region is home to San Jose,
the country's largest city, where you'll find the most theatre and cultural activities. And finally, the South Pacific region, where the breathtaking rain forest mountains meet the ocean. One town in the south Pacific region, the surf town of Domical, is becoming the "Beverly hills of Costa Rica," where Eauropean, American and Candain expats are buying up ocean view lots and houses for vacation homes and permennet residences.
No matter which Costa Rica real estate listings you explore, you're sure to find a potential rental property that will provide you with great income opportunity as well as the best vacations of your life.