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Prime Real Estate in Costa Rica & the Various Attractions of Puntarenas

Posted by Saul Rasminsky

Open season is all but declared on repossessed assets in Costa Rica. The Banco Nacional Costa Rica announced on June 2013 that it would be selling off assets it has repossessed due to delinquent payments. The move is touted as a win-win situation for prospective buyers because of the wide array of assets up for grabs, such as vehicles, lots, and houses.

The fact that such fine Costa Rica real estate is being offered for sale—many units at discounts of up to 25 percent their market value—should encourage those who want to migrate to the country for residential or business purposes. La Republica is in good standing worldwide due to its stable economy and government, sound foreign relations, growing tourist industry, and pristine natural wonders. If you are looking for an ideal place in Costa Rica to live the retiree life, check out Puntarenas Province which is highly recommended by many locals and expats. Various properties are being offered for sale and rent across this province's several cantons.

Retirees will also have to register for a residency permit with the authorities and produce requirements, such as support from a legitimate pension fund with at least $1,000 in monthly stipends.

Banco Nacional's property asset sale is expected to kick off an exhibition this coming August in Santa Cruz, Guanacaste Province; though similar events may take place across the country later this year. A real estate company like Dominical Real Estate has properties registered with the Public Registry's folio real, which will make the acquisition of residential and commercial properties stress-free.

People seeking out a mortgage for Banco Nacional's asset sale should take into account fixed-interest rates that range from 5.5 percent to 8 percent, with the amount to be paid within 20 to 30 years. Aside from being located in a tranquil and pristine location, prime real estate in Costa Rica offers pensionados with clean living, and many opportunities for recreation and investment. Discussions with your realtor can result in investment opportunities for land that can be redeveloped.

As tourism is one of Costa Rica's booming industries, potential uses for the subject property include golf courses, agricultural farms, restaurants, and even beachfront resorts in prime locations. Those who are looking for residential properties can consider various homes, ranging from 2-bedroom houses to 10-bedroom mansions. Dominical and nearby coast communities in Puntarenas provide majestic views of the Pacific Ocean, with the area being long frequented by surfers.

People who place a premium on culinary excellence will relish the fresh seafood and fruit that is available all-year round. Popular tourist attractions include Paseo de Los Turistas (which is a pedestrian boulevard that stretches along the southern edge of Puntarenas), Puntarenas Marine park (which showcases manta rays and other exotic creatures from the Pacific), and La Casa de La Cultura (which is an art gallery that stages exhibits, performances, and cultural events). With so many attractive qualities and advantages, its no wonder that Costa Rica is considered to be a traveler's and retiree's paradise.

Industry News
Published Friday, July 26, 2013 3:47 AM by Saul Rasminsky
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Beautiful Real Estate and Attractions in Costa Rica | Dominical Real Estate said:

August 23, 2013 8:25 AM

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February 8, 2018 10:21 PM

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