subject: Adding Costa Rica Real Estate To The Land Holding Portfolio [print this page] Adding Costa Rica Real Estate To The Land Holding Portfolio
In the middle of Central America lies the Republic of Costa Rica, marked by beautiful beaches and bodies of water to the East and West. This country has a rich history and some impressive aspirations. It is already considered the "greenest" nation on the planet and by 2021, it plans to be the first carbon neutral nation. People from everywhere have begun purchasing Costa Rica real estate because they recognize the benefits.
Looking at a local map, one sees that the country consists of seven provinces divided into 81 cantons. Several islands are also included within this nation. Businesses have found the tax exemptions and proximity to American markets attractive for establishing operations. Tourism is a $2.2 billion annual industry, making this vacation destination one of the most popular in Central America.
There are homes available for sale in the central valley and coastal areas at any time. Many of them feature selling prices under $250,000, enabling established professionals to purchase vacation home real estate in Costa Rica. Some get a better appreciation for the nation by renting before they purchase. Rentals in the beach area run as little as $500 per week and some of these properties are also available for sale.
Real estate is also purchased by people who are relocating from other areas of the world. Those who want to live in Latin America often select this nation due to its history of political stability and peace. They enjoy the year-round tropical climate, national parks, and wildlife. Though this country represents only about 0.25 percent of world landmass, it holds five percent of the planet's biodiversity. About 25 percent of the land within its borders is a protected area, the largest percentage in the world.
Properties available for rental or sale includes condos, villas, and homes. Since the area is such a popular tourist destination, an individual who purchases real estate in Costa Rica can always rent out the property until he or she is ready to relocate. Rentals should be steady, due to the appealing climate and year-round recreational opportunities.
Adding Costa Rica real estate to the portfolio of properties should prove to be a smart move. The real estate may be used strictly for vacations, as a rental, or as a permanent residence. Whether people are seeking rentals for $500 weekly or a permanent home for over $500,000, they will more than likely be able to find their dream home in this country.
Amicable transactions, where all parties leave on a high note, necessarily demand a high level of two way communication. Of course, this fluid bidirectional exchange is not possible unless the parties are in tune with each other's nuanced ways. Finally, difficulties arise when prospective buyers make impulsive decisions without having the benefit of properly researching the community in which they purchased property. Only locals have intimate knowledge of the blessings and misgivings of any particular property, and to ignore their potential contribution would be foolhardy
