Costa Rica Real Estate

If you want to buy property for investment and capital growth potential, then you need to consider investing in Costa Rica real estate. Costa Rica real estate prices, like property prices everywhere, vary according to location, amenities, the buyer's patience and the seller's demand. Costa Rican real estate prices have been rising for years, and as more foreign buyers look at investing in Costa Rican real estate, prices look set to soar. Prices in some areas, especially beach properties, are booming - and many properties have doubled in value in just two years. The land along the northern and mid Pacific coast regions currently has the highest price appreciation in the country, Jaco being an international favorite in Costa Rica real estate listings.

The key to buying real estate anywhere is location. It's a fact that properties worldwide that have ocean views are in high demand - and this trend is now being seen in the Costa Rica real estate market. Investors in the Costa Rica real estate market are able to buy properties on a beautiful coastline, in a country of awe inspiring natural beauty. In Costa Rica, real estate is affordable in comparison with many other countries - but interest in prime Costa Rica properties is growing - and investors who get in on the boom now, make huge gains on their investment in the near future.

To understand better the Costa Rica real estate trend we can compare to what happened in a few states in the United States. People who took a chance and invested in coastal real estate in California, Hawaii and some parts of Florida were ahead of their time - and were rewarded with fantastic long-term capital growth. For example, a typical $30,000 investment in any of these three states 30 years ago could have returned over $1,000,000 today.

What happened in California and Hawaii 30 years ago is happening again - in the Costa Rican real estate market. A major factor is that Americans are buying second homes in the United States in record numbers - thereby driving up the cost of vacation homes - and they're now looking elsewhere.

Investors, who purchased $30,000 in real estate in the town of Jaco 15 years ago, have seen their property values soar - with some properties now worth as much as $750,000. Another example of the Costa Rica real estate boom is the Marriot Corporation, which built its crown jewel of Latin America - the Los Sueños Resort.

The same will happen with Sonesta Jaco, as we are the first Condo-Hotel beach resort that can compare to the quality of our previous example. Riverside Developers has a proven record of offering their customers excellent security and appreciation in their previous projects, such as Riverside Condominiums and Bayside Tambor. Costa Rica real estate prices are being driven higher because the country offers buyers value for money - and a quality lifestyle. Costa Rica is only 3 hours flying time from many places in the southern U.S. In addition, Costa Rica is a hub that connects South America and Europe. The cost of living in Costa Rica is inexpensive - and you can comfortably live on $2000 a month. While the cost of living is low, the standard of living is high. There are good schools, a variety of leisure facilities and culture, world-class healthcare and a great communications infrastructure. Buying real estate in Costa Rica is easy - the Costa Rican Government encourages overseas investment, and the result of this is that it's easy to buy Costa Rica real estate, and live or work in Costa Rica.

Costa Rica real estate is easy to buy and it's inexpensive. Interest in real estate is growing - as more overseas investors look to buy affordable property in this country of stunning.

Natural beauty with a standard of living that's great. If you're looking for long-term capital growth then consider Costa Rica real estate now - and get in on one of the worlds most exciting property markets.

What are the tax laws?

Costa Rica welcomes foreign investors; therefore, visitors from all nationalities can be owners of real estate in Costa Rica and have the same rights and obligations as a national.

Our tax system for foreign investment is highly attractive, with the current yearly property tax at .25% of the declared value of your condo. This value may only be changed by an appraisal every five years.

Costa Rican laws also allow that companies own property in Costa Rica. Therefore, it is possible for foreign investors to own Costa Rica real estate through a company since they can be named as one of the three legal members to represent the company.

What other projects does Riverside Developers offer?

Besides One Jaco Place, Riverside Developers offers two other first-class properties:

• • Riverside Condominiums, the luxury city condos in San Jose is complete and has just a few units still for sale. The two-tower residence has a great location in Escazu, with the best views in San Jose. It is an ideal location for a first or second home, as well as a smart investment.
• • Bayside Tambor, Riverside Developers luxury beachfront villas in the peaceful location of Tambor on the Peninsula of Nicoya, has been a tremendous success. With the first stage completely sold out, Stage 2 is ready to begin. For further information please contact us at www.BaysideTambor.com