Second Homes Costa Rica – 10 Reasons Americans' Purchases Are At Record Levels & Soaring!

By: Sacha Tarkovsky
Submitted: 2007-01-17 16:16:14
Print this article | Tell a friend | For publisher | Social Bookmarking
Rating:
 

With many ocean front properties in the US expensive, more Americans are turning their attention overseas and getting properties up to 70% cheaper than the US and better capital growth potential.

Not only this, but your Costa Rica second home is just 3 hours from the US and offers a fantastic lifestyle.

So why are Americans buying in second homes in ever increasing numbers?

Here are 10 reasons why:

1. Cost of Real Estate

The cost as we have seen is 70% less than in the US, making it affordable to a huge number of people, but buying a second home in Costa Rica offers something more:

2. Investment Potential

Average prices have risen 300% in the last 10 years and many investors in the right locations have doubled or tripled the money in a few years.

The future potential for the Costa Rican second home market looks good going forward as foreign investment soars and the economy booms.

Prices are on the increase and so to are rentals, as more tourists visit than ever before.

3. Costa Rica Is Cheap

Property is cheap and so are living costs.

You can live well on just $2,000 per month. Want to dine out? $12, fancy a full time maid? - $150 a month

4. Costa Rica Is Safe & Secure

The World Bank at its annual conference stated that Costa Rica was "one of the most stable and robust" democracies in Latin America and commented on Costa Rica's "healthy economic growth rate" and "some of the best social indicators" on the continent.

When buying a second home in Costa Rica it’s nice to know you are investing in a stable country, where you enjoy the same rights as residents and it has strong ties with the US.

This is not the case with many other Latin American countries, So Costa Rica offers peace of mind when investing.

5. Tax advantages

You gain significant tax advantages when buying a Costa Rica second home. The government wants investment and tax and red tape are kept to minimum.

6. It's Beautiful

Voted one of the top adventure tourist spots in the world, Costa Rica offers stunning beaches, the pacific the Caribbean, spectacular rainforest, hills, majestic mountains, awesome volcanoes and a huge amount of wildlife.

7. It's Close

Your Costa Rica second home is just a three hour flight form the southern US and the time difference is just 2 hours.

Proximity and ease of access from the US is a major reason for the influx of people buying second homes

8. Crime

Unlike many other Central American countries violent crime and drug wars are non existent and this low crime rate is a major factor for people coming Costa Rica

9. Its relaxed %& Friendly

With more and more Americans buying second homes in Costa Rica there is large expat community as well as friendly locals.

The pace of life is unhurried, relaxed and for those wanting a more peaceful friendly environment Costa Rica offers this and much more.

10. The economy is growing

The economy has been growing strongly since 1997, which is seeing a dramatic change in the infastructure as more people buy property this means:

More growth on your second home in Costa Rica, better rental income and more amenities to enjoy!

So leave the high prices, low growth rates, high crime and stress behind, relax and make money from your own Costa Rica second home, it's affordable and could be your best investment.

For FREE info and stunning beachfront properties visit our website and find out all you need to know about making money from Costa Rica real estate, see some luxury living first hand and enter our free prize draw for a holiday for two at

http://www.net-planet.org/costarica.php

Article source: Expert Articles

Most Recent Articles in Real Estate category

  • The Silver Lining of the Foreclosure Crisis - By: Leslie Eskildsen
    They need capital to not only buy the home, but also to restore it. Foreclosure homes can range from an empty, abandoned building to a trashed house with garbage strewn all over the place, missing fixtures and a galloping case of mold or termites.
  • Why You Should Invest in Spanish Property - By: Craig Edmonds
    The reasons why people choose to invest in Spanish property are varied. Those wanting to spend their vacation in this beautiful country know all about its beautiful beaches and romantic culture. They want to experience its golden sunsets and warm nights with the sea air wafting through the curtains.
  • Additional Inspections to Get Before You Buy That Home - By: Greg Smith
    Hiring a licensed pest inspector to check the home for wood destroying organisms such as termites and mold is always a good idea. Termite infestation wreaks havoc on the wood structures in your home, while keeping their presence a well-kept secret. Often it isn't until a great deal of damage has been done that you discover that you have termites.
  • The Ins & Outs of Sale Contingencies - By: Greg Smith
    A sale contingency is a critical contract addition for a buyer who owns a house that he or she needs to sell before closing on a new one. If she doesn't add this provision to the contract, she faces the possibility of having to pay two mortgages. With a sale contingency in place, the contract for the new home becomes null and void if she is unable to sell her home.
  • Problems With Mineral Rights Leasing - By: Anna Poelo
    Problems and disputes cannot be wholly avoided in mineral rights leasing.
  • Milwood homes for those wanting to settle - By: Joe Cline
    It is your typical Austin community: landscaped lawns, tree-lined side-streets, kids playing, couples strolling, all awash in Texas sun on a summer's day, and you scout around for 'for sale' or 'for rent' signs.
  • Rosedale: An Austin Neighborhood By Any Other Name - By: Joe Cline
    Rosedale is simply enchanting. The small cottage-like homes offer a charming, homey, and exquisite appeal. The neighborhood offers a mix of the old and new Austin.
  • The 4 Parts of a Business Plan for Real Estate Agents - By: Cheri Alguire
    This model of business planning and goal setting for Real Estate Professionals breaks the process down to four parts and seventeen steps.
  • Tenant Screening - the first line of defense - By: Garret Lloyd
    Getting a tenant for an unoccupied apartment is definitely a good idea. But getting good tenants is of prime importance in order to ensure safety and peace of mind in the long run.
  • What is online reverse auction? - By: Ron Victor
    Reverse auction deals with internet auction and e-purchasing. This is also known by many names like procurement auction, sourcing event, e-sourcing, and e-auction. Generally in an auction, purchaser is allowed to place a bid on an item on the amount that he is willing to pay so that he can buy that item.