Many property investors think that the boom in Costa Rica property will not continue but the fact is it will and can provide better rewards with lower risk than other Central American countries. While other markets such as Nicaragua and Belize are supposed to be the new hot spots, however Costa Rica will maintain its lead for the following reasons: 1. It's an established market Costa Rica property is not a market waiting to take off - it has. This gives confidence for people to invest and the large expat population gives people confidence to come and live and buy and they are doing so in record numbers. Costa Rica property prices are booming because of this influx in investment that shows no sigh of slowing down This means higher prices. Most new property hot spots in fail to take off, so going with Costa Rica property you get the best of both worlds - Strong upward growth and a track record of triple digit annual gains in many locations. 2. Costa Rica is stable and safe Costa Rica is stable, safe and democratic this makes Costa Rica property investors feel safe with their investments. The government encourages overseas investment and investors get the same rights as residents when they buy. Consider a country such as Nicaragua where the Sandinistas have very real chance of getting in power and with their record on taking things would you want the risk? 3. Costa Rica is rich In comparison to its neighbours and thats what Americans and other foreigners like. They want to live in a different culture but not one to different from home. Many Central American countries are poorer with street children; poor infrastructure and serious crime and this makes them less attractive. Where to buy for big gains and low risk An area that will continue to do well is the popular Central Pacific Coast around the town of Jaco consider this: Investors that purchased $30,000 of Costa Rica property in the town of Jaco just 15 years ago are now worth as much as $750,000. Another example of this boom is the Marriot Corporation which built its crown jewel of Latin America Los Suenos Resort and pre sold 50 condos 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 between $450,000 to $850,000! This area is booming and continues to do so offering great capital gains potential with low risk Buy in the right location for triple digit annual gains Far from being over the Costa Rica property boom looks set to continue as investment soars and it becomes the main focus for Americans looking for overseas second or retirement homes. Buying Costa Rica property simply offers great gains with low risk and we expect it to continue to maintain its lead over its rivals. |
