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Costa Rica is part of the solution:
Costa Rica is a place for people looking to retire in a manner
whereby they can stretch their retirement dollars and enjoy an
elevated style of living. Costa Rica provides the perfect
solution. Very low property tax, health care, cost of living and add
to all that, a very beautiful and peaceful country with your choice
of climates and it is abundantly obvious why it is the place to
retire or invest.
Why Invest in Costa Rica?..... Why
Not?
Let's take a look at what's made Costa Rica so attractive for
both tourists and investors. First, the climate is perfect all year
long and the scenery is absolutely stunning. The country is
virtually a nature lovers Disneyland and very user-friendly for
Americans. All this only two hours from Miami.
The same features that attract tourists also draw savvy
investors to the country. Costa Rica is Latin America's oldest
democracy; it has NO army; it boasts free health and education;
Investors also like the low property taxes, economic and
political stability; its current president, Oscar Arias, won the
Nobel Peace Prize in 1987; real estate agents who speak English,
international schools, private hospitals and best of all returns
in some areas averaging 300 per cent over the past 10 years. All of
this this has caused rapid development west of the capital, San
José, and along the entire length of the Pacific coast.
The pace of development has been incredible the last couple of
years. Construction increased over 50 percent last year alone,
especially along the Pacific Coast. In one 50-mile stretch of the
Pacific coast alone over one billion has been invested and prices
of detached large homes condos have gone up four times in the
last couple of years.
With values going up so quickly some people have flipped
properties and done very well.
One of the Top Five emerging Real estate Markets in the
World!
Successful real estate investors are well aware that one of the
fundamental keys to building a successful property portfolio is
the careful timing of market entry; therefore investors always
seek to buy ahead of an emerging trend and often take a national
or international perspective when looking for the next big thing
in terms of real estate.
In 2006, Costa Rica is one of five countries that stand head
and shoulders above all other nations worldwide in terms of the
potential their real estate markets present property investors.
The CIA World Fact Book has recently begun listing Costa Rica
as “a Central American success story” because the Costa Rican
government have successfully established an economically and
politically stable country in which more overseas investors are
focusing their financial interests.
According to the CIA report, the retiree and second home
markets in Costa Rica are growing as is tourism interest and the
country offers visitors and expatriates a stunning climate, an
abundance of rare and beautiful flora and fauna, it is bordered by
both the Caribbean Sea and the Pacific Ocean and the standard of
living is both high and affordable.
The report continues that the real estate sector in Costa Rica
offers investors an affordable platform and the Costa Rican
government offer investors certain tax breaks and incentives to
commit to the country.
As Costa Rica is already one of our preferred emerging
markets to watch potential investors who were wondering whether
the time is right to invest in Costa Rica may should strongly
consider the number of good things that are happening in the
country now.
First , Intel has announced it will invest one hundred and
twenty million US dollars to improve and expand their Costa Rica
plant. The direct investment will help create five hundred new
jobs which will directly assist the local economy and help boost
the appeal of commercial property in Costa Rica.
In addition, the the Costa Rican government announced an
easing on immigration restrictions for investors, employers and
key employees means that the country just became an even more
attractive prospect for companies looking for a more tax
efficient, lower cost location for their operations. This will
likely have a direct effect on the demand for commercial property,
it may well boost demand for residential property in the main
Costa Rican towns and it will undoubtedly raise the profile of
Costa Rica globally
Furthermore, it was recently announced in London that First
Choice are to begin direct flights from London in 2007 . What this
means is that hungry British property investors are going to
invest in Costa Rica .
Summary of Reasons to Live or Invest in Costa Rica
* Year-round spring-like weather in the Central Valley
* Untarnished international image. How often do you hear bad
things in the news about Costa Rica. Only good news!
* Latin America's oldest democracy
* NO army and NO terrorism. Costa Rica has NO enemies.
* Excellent health care at a fraction of the price you would pay
at home
* Good real estate investments. Costa Rica is considered one of
the world's best emerging real estate markets. Many properties are
in locations with breathtaking views
* More North American residents proportionately than any country
in the world
* A tightly-knit expatriate community
* Time-tested organizations in place to help you with everything
you need to make the move from A to Z.
* Excellent quality of life
* Good communications with high-speed internet in many areas
* Tax savings
* Opportunities for entrepreneurs
* Affordable utilities
* Friendly people
* Many people who speak English
* 1000s of activities to stay busy and happy
* A nature lovers Disneyland
* Affordable hired help
* The beauty of the country
* Fantastic beaches with warm water
* Latin America's #1 tourist destination according to Travel Weekly
magazine
* Many American products and services available.
* Fruits and vegetable all year.
* Good public transportation
* And many intangibles more
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