Saturday 25 July 2009

Affordable Property Investment In Costa Rica

By Randy Berg

Property investment in Costa Rica is a thriving business today. A lot of people from all over the world are flocking to this country in the urge to buy property. There are a lot of properties that are available at economical prices today which are expected to increase in value in a few years time. This beautiful country which is located in Central America offers a lot of options for foreigners to invest in property here.

The beauty of Costa Rica is very enchanting and captivating. This country was so long unexplored and unexploited. However, as more and more tourists pour into this pleasant country, its fame is spreading far and wide. Almost every tourist who visits this country carries with him/her the dream of buying property in Costa Rica.

There are numerous reasons why Costa Rica is becoming a preferred choice for property investment. Costa Rica is a land beyond just sensuous beaches, picturesque landscape, lush greenery and majestic mountains. It is a land of happy and content people. The natives of Costa Rica, also referred to as "ticos", are warm and friendly in nature.

Some of the most famous places in Costa Rica where you can invest in property are Puerto Viejo, Punta Uva in the Caribbean side, Heredia and Alejuela which are central provinces, and Escazu and Santa Ana in the capital city of Costa Rica, San Jose. There are many mountain properties, commercial establishments, beach properties and some upscale residential homes on offer for investment in these areas.

Costa Rica property investment is also a good option because the country offers good infrastructure support like good roads, good Internet connectivity, public transportation, free trade zones, universities, schools, banks and good air transport. The weather in Costa Rica and the scenic beauty of this land ranging from the bountiful rainforest's to the volcanoes and the enticing beaches ensures that property investment is worth every penny here.

Costa Rica property investment is a good option because this place is also safe to a great extent, and offers peace of mind and protection to the foreigners who invest their money here in purchasing property. The government of Costa Rica has introduced many liberal economic policies that are in favor of the investors looking to invest in property here. As compared to many other Central American countries, Costa Rica has the longest and strongest democracy too.

Though Costa Rica offers a lot of benefits of living here, there are a few things that you need to keep in mind while planning to invest in property in Costa Rica. Costa Ricans tend to think that "gringos" or foreigners who are investing in property in their country have a lot of money stacked in their bank accounts. Hence, the real estate in Costa Rica is a two tiered market. The "ticos" (native Costa Ricans) quote different prices for the same property to "ticos" and "gringos". Gringos are most often quoted a higher amount. This is one important point to bear in mind while investing in property in Costa Rica.

Costa Rica property investment is lucrative; however, the person who needs to invest in property in this country must be well versed with the local laws of this country. This is needed to ensure that you can get the property completely registered against your name and get 100% ownership rights.

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