3 Reasons to Invest in Costa Rica Real Estate

With 800 miles of beautiful coastline, Costa Rica is located on the Central American isthmus between Caribbean Sea on the east, and Pacific Ocean on the west. Coastal properties in the country feature sugary white sand beaches that rival the exquisite seascapes of any tropical paradise.

For many years, Costa Rica real estate has been one of the most viable and sought after investment options to the United State’s investors and home buyers. One of the reasons why many people buy vacation homes or second home in the Central American country is the natural beauty of the country and the affordable access to world class beach living. It is famous of eco tourism, adventure tourism, community rural tourism, health tourism as well as cruises, and luxury living.

The continuous growing demand for Costa Rica homes in recent years is attributed to several factors:

Location and Stability

Costa Rica has been called “the Greenest Country in the World” by the New Economics Foundation, which also places it at number one position in the Happy Planet Index. The government, in 2007, has announced a plan to make it the first carbon neutral country by 2021.

The country offers an ideal location for Costa Rica vacation homes. The weather is pleasant with an average temperature lying between 28 degree Celsius (high) and 17 degree Celsius (low). The country has protected around 25% if its land mass (1,33,250 hectares) for national parks. It is referred to as the “Switzerland of Central America”. The pristine beauty and diversity of life forms in the country offers you a perfect place to spend your leisure time. This is another reason why properties in the country has increased in demand in recent years.

Proximity to the U.S.

Another reason why many property investors are turning to Costa Rica real estate is the proximity of the country to major US cities.

The Latin American country is merely at an aerial distance of 3-5 hours from Los Angeles, New York, Miami, Chicago, Atlanta, Dallas, and Houston. It is approximately at the same distance from Toronto, Canada. This proximity makes investing in the Central American country not only advantageous for investors, but for tourists looking for more affordable and shorter flights to reach a luxury tropical vacation.

Political Stability

Political stability of a country is a major consideration when investing in foreign lands, and Costa Rica real estate investment is no different. But fortunately for business and real estate investors, the country has a stable political condition.

In a March 2009 special report titled “Manning the Barricades”, The Economist issued a detailed forecast outlining the current world economic crisis and its possible effects on political stability. Within the report individual countries where ranked for vulnerability of political instability. According to the report the country has been rated as one of the world’s most stable countries, with only 6 countries ranked higher out of 165.

Costa Rica is a presidential representative democratic republic with three branches – Executive, Legislative, and Judiciary. It is one of the oldest and the most stable democracy in the Latin America. In 1948m the Latin American country has abolished its Army, after winning the civil war, which was the last agitation, the country has witnessed. And since 1949 it’s living peacefully in the lap of nature.

The stability of government has also positively affected the country’s currency, CRC. The US Dollar is another currency that country respects as legal tender. It is accepted almost everywhere in the country.

Investments in Costa Rica real estate are secure. Along with having a lovely second home in Costa Rica, home owners can also expect a healthy return on your investment in the future. The country has its sights set on another 10 years of dramatic growth and development. Investors in Costa Rica business and properties will certainly realize great returns once again as the emerging tourism, carbon neutrality, and business sector continue to gain growth momentum.