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Far more than just an enchanting holiday or retirement, Costa Rica is a great location for real estate investments. While there are numerous options in the market, here are a few reasons to consider real estate investment in Costa Rica.
1. You can combine your investment with business interests
Real estate investment in Costa Rica can be more than a mere financial venture; it can be your business interests. The business opportunities in Costa Rica offer great diversity the local government and the business scene welcome ambitious ventures with open arms. Providing for those who have dreamed of owning a bed and breakfast, a restaurant, a café, or an art gallery, to agricultural properties like cattle farms, forestry management like teak farms, will find favorable conditions for them to flourish. Life property investments is a new way to invest and change the way you live.
2. A fantastic tropical getaway
Investing in Costa Rica real estate also provides the opportunity for your friends and family to spending an exciting vacation in either your managed short-term vacation rental or to have a full-time home or long term rental in the tropics. Purchasing a rental property in Costa Rica will give you the freedom to plan an escape to your tropical vacation rental where you can escape cold winters. Think of owning a property that can be reserved for you, your families, and your personal guests all year round or left under the care of a quality property management company to cash flow when you are not using it.
3. Not a resident? Not a problem
A real estate investment in Costa Rica is freely open to non-residents who will be treated the same as residents, as residency status is not a requirement to owning real estate in Costa Rica. Moreover, the Costa Rican government exempts numerous nationalities from acquiring a visa to enter the country, including nationals from the United States, Canada, Australia, Britain, and EU countries. If you are a citizen of the exempted countries, a 90-day visa with no further questions asked shall be granted at the airport when you visit. You are obligated to travel outside of the country at the end of the 3-month period. If you are ever interested in obtaining residency, your investment in Costa Rica real estate should serve as a considerable advantage.
4. The prospects of Costa Rica's infrastructure are promising
Costa Rica hosts frequent flights to and from various U.S cities and many other international destinations. The main international airport is Juan Santamaria (SJO) located north of San Jose, in the central valley. If the Pacific beaches of Guanacaste are your destination, the Daniel Oduber International Airport is located near Liberia, only an hour or two driving distance away from the famous beaches of Guanacaste such as Flamingo Beach and Tamarindo. There are also regional airports across the country and there is a possibility of a new international airport being built in the south. A modern new highway also connects the Central Valley to the Pacific Coast. The colossal Interamericana Highway which runs all the way from U.S to Chile in South America significantly revitalizes and expands the region near the city of Liberia. Looking at their well-maintained modern airports and roadways, we see Costa Rica's government has made their welcoming statement to prospective investors and travelers crystal clear. Needless to say, the ease of getting around facilitates your travels around Costa Rica.
5. A property that works for you
If you choose to rent out your property, spring, summer, and winter are the best time for business as the flows of visitors to Costa Rica are immense during these periods. For instance, travelers on a budget tend to plan their trips during the green season when the scenery is spectacular and better vacation rental rates are available. The majority of Costa Rica's green season expects daily rainfall, from April to December. Some regions might have less rain than the rest, such as the Northern Guanacaste province, with notoriously dry climate with little rainfall. You can expect a steady income for about 10 out of 12 months in many popular beach and surfside towns like Flamingo, Tamarindo and Samara.
It is worth noting Costa Rica's stable economy and political climate make investing in real estate here an even sweeter deal. Political stability is the norm, as Latin American countries have embrace stability and economic growth over the last 30 years and central America has been one of the leading economic growth regions in the world based on annual % growth rate. Crime rates are low and, similar to Panama, Costa Rica has no standing army, at least ever since 1948. Colones, the local currency, is very stable with small fluctuation in value. Costa Rica also boasts one of Central America's highest literacy rate and a strong public school system. According to independent studies, the country's quality of life is ranked among the highest in the world. Costa Rica has no hurricane or tropical storm season, which marks itself among the rare countries in the world with a tropical climate that enjoy such a wonderful weather. Indeed, real estate investment in Costa Rica can be an unequivocally outstanding opportunity for you to own a piece of a tropical paradise in Latin American. Contact our expert team for further consultation and the best offers today.