Thank you for taking the time to allow me to briefly explain WHY you should consider investing in Costa Rica. The country is incredibly beautiful and the real estate feeding frenzy fostered by progressive policies towards foreign investment shows no signs of slowing down. With the advantage of an active tourism board and a reputation as a peaceful and environmentally friendly country, an investment in Costa Rica is much more certain than an investment was in the California real estate market 30 years ago.

Educated investors comparing other real estate markets discover that a property in Costa Rica currently costs approximately 70% less than equivalent property in America and can triple its value in as little as 5 years. A $700k property in Costa Rica would be $3 to $4 million in a comparable coastal area in California. One can still purchase a three bedroom home with an ocean view for less than $300k where a one bedroom condominium twenty years old in Aruba would cost $1 million.

Beyond that the cost of living is another incentive for second-home buyers to invest in Costa Rica. A monthly income of $1500 allows individuals to live very comfortably in Costa Rica, and tax consequences for owning property are minimal. This is very attractive to home buyers from more expense locations such as the Cayman Islands or Hawaii were the cost of living can reach closer to $20 to $30 K a month.

These favorable market conditions will not last indefinitely, experts predict building a second home in Costa Rica may be unattainable for middle-class North Americans within a decade. But for the time being developers are scrambling to meet the growing housing demand for the affluent baby boomer while hotels and five star resorts are rushing to stake their claim in Costa Rica to satisfy the escalating number of tourists coming to the country.

We hope you find this information helpful and informative.

Information provided by Simone Ferreira