Lately, many people have been asking me, “Why should I buy Real Estate in Costa Rica when I can get something cheaper somewhere else in Latin America?”
There are many answers for this seemingly difficult question, so I compiled my top 5 answers below:
1. Something for Everyone: Now I like to put this one first because it is so important when trying to find a place to live, vacation or retire. There really is something for everyone in Costa Rica. There are amazing beaches, tropical rainforests, exotic plants and animals, volcanoes and lakes; and then there are activities and events to emphasize each of these incredible aspects of this diverse country.
2. Stable Real Estate Market in Costa Rica: As we have all clearly seen, the Real Estate Market in the United States crashed dramatically and heavily affected many people. Fortunately, this has not been the case in the Costa Rica Real Estate Market; in spite of the economic recession occurring throughout the world, the market has remained relatively stable, and this is in part due to the lower holder costs of properties in Costa Rica, as well as Foreign Investment.
3. Costa Rica has some of the Lowest Property Taxes: The property taxes in Costa Rica are 0.25% (a quarter of 1 percent), which compared with Real Estate in The United States and many other countries, is extremely low, especially when compared to other Coastal Real Estate throughout the world.
4. Costa Rica is an International Real Estate Market: Costa Rica is the choice for many experienced International Buyers. During these instable times around the world, people want to invest in Foreign Real Estate Markets in order to expand their earnings. However, everyone wants and needs to be cautious at this point, and that is what makes Costa Rica in such high demand. Internationally, investors are aware that Real Estate in Costa Rica is a safe investment, has been for years, and is only getting better.
5. Great Infrastructure / Stable Government: Yes, Costa Rica is in Central America. Yes, Costa Rica is considered a 2nd world country. However, what really separates Costa Rica from the rest of the Central American countries is the modern infrastructure and stable government. There is excellent medical care (bringing visitors from around the world), great educational system in Costa Rica (with a 95% literacy rate), stable economic conditions and a secure, democratic government (without a military since 1948).
