Moving To Costa Rica To Enjoy The Low Cost Of Living & Delightful Weather Is Great
–– Making Money Doing It Is Even Better.
If you have the resources to purchase Costa Rica real estate, you can create a great career for yourself. Plus you can help other expats enjoy this wonderful Latin American country.
Why Purchase Costa Rican Real Estate?
1. Costa Rican real estate is a fantastic deal.
Although a steady rise in Costa Rican property values is underway, property prices are still about 70 percent less than what you would pay for comparable property in America.
As a result, even with a modest amount of money, you can buy and sell Costa Rica investment property and make a profit.
2. Costa Rica is a stable and upwardly mobile nation.
This means that your investment will be safe from trends of revolution and nationalization that afflict other nations in South and Latin America.
3. Growing expatriate communities.
This means that there is also a growing demand for homes and condos, meaning that by investing now you’re getting in on the ground floor of a great real estate market.
For more on why to invest in Costa Rica, go here.
There are many reasons why Costa rica property is a good investment. But like any investment, you should safe guard your money.
Hire An Attorney
If you’re considering investing in Costa Rica real estate, one of the first things you’ll need to do is hire a reputable agent and attorney in Costa Rica. Hiring reliable professionals will help ensure that you’re not cheated by real estate speculators who may try to get you involved in bogus land deals.
Research The Law
Having an attorney on retainer is good, but you’ll need to do a little legal homework on your own to be a successful Costa Rica real estate trader. An important aspect of the law you’ll need to become acquainted with is maritime law. If you plan to purchase beachfront property, you’ll need to familiarize yourself about laws related to oceanfront property.
For example, under Costa Rican maritime law, you may not buy land on the beachfront within the first 55 feet of the coastline, the only exception being if you buy the land from a seller with a family claim to the property. Even then, you’re only allowed to own 49 percent of the property as a non-resident of the country.
Be Aware Of Squatter’s Rights
Costa Rican courts will sometimes side with squatters, so exercise due diligence when buying property in Costa Rica and also exercise care to prevent squatters from setting up house in your house.
Costa Rica remains a very popular place to retire for people from around the world.
This means that buying Costa Rica investment property presents a fantastic financial opportunity.
- On a small scale, buying property here is an excellent choice if you wish to supplement your retirement income.
- Investing in Costa Rica property on a larger scale can also be a fantastic way to seek your fortune. You can then retire in whatever style you desire.
Investigate investment opportunities in Costa Rica today.
Begin by exploring these Costa Rica investment opportunities, Start Here.
Learn more about making sound & safe Costa Rica investments, Go Here For 7 Tips.
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