Estate Investing : Costa Rica
Buying Condos in Costa Rica
you buy a condo in Costa Rica? Yes!! By all means. There
are several very good reasons why.
Costa Rica is a free country that is controlled, like the
US, by a constitution. Their constitution guarantees private
ownership of property and foreigners can buy property there
as easily as Costa Ricans.
It is a stable, democratic and peaceful country. Unlike
other Latin American countries where you run the risk of
an unstable government and possible expropriation of assets,
Costa Rica offers stability not only from an investment
standpoint, but from a personal well being standpoint, too.
as the old saying goes, its not good to keep all your eggs
in one basket. From an investment point of view, owning
property in Costa Rica is a good deal for Americans, Canadians
and Europeans. It allows the first world to 'diversify'
their property holdings to own property not only in their
country of origin, but also in a completely different country
that happens to be small enough to be ignored by all the
terrible things happening in developed countries. It is,
quite simply, a safe haven.
Costa Rica has many wonderful climates. If you like spring,
the central valley is the place for you. It's springtime
all year round. If you like the heat and are sick of the
cold, you can live near the beaches. They have a very small
fluctuation in temperature range for the entire year. It
is true that you could own in condo in Miami and see all
the beautiful palm trees, but have you ever spent a winter
in Miami? If you have, you know that it can get mighty cold.
No, it doesnt snow, but those cold snaps can be a disaster
if you have sunbathing or swimming in your pool in mind.
BUT!! The beaches in Costa Rica are NEVER cold and there
is no such thing as a cold snap. Flip flops, shorts and
t-shirts are an all year wardrobe.
the cost of living in Costa Rica is much lower than the
USA, Canada and Europe. Yes, it's true that the initial
purchase price for a condo in Costa Rica may seem high,
but in reality, they are not. If you were to buy a condo
in Florida, Hawaii, California or Puerto Rico anywhere at
all within walking distance of a beautiful beach, you would
pay a hefty price indeed. A comparable condo in Costa Rica
near the beach will cost you much less. Not only that, but
annual taxes are incredibly low. You could pay $5000 a year
in Florida (and thats low these days), but for a similar
condo in Costa Rica, you would probably pay around $200
to $400 a year.
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