Costa Rica, a
Spanish name that means ‘rich coast’, is most apt for a place blessed with a
mild climate and lush with beautiful beaches and exotic plants and animals. And
apart from being a tropical hotspot of natural wonders, the country now has enhanced
financial and social services for local and foreign investors alike. Here’s why
realtors and investors of real estate in
Costa Rica and across the globe are taking a closer look.
Economic/Financial Benefits
Properties in
Costa Rica are subject to fluctuations—the kind that investors are mostly happy
about. The only movement Costa Rica properties do is up. Annually, they’re
estimated to rise by at least 10%, and on worst market conditions, their value
stays the same.
Realtors
advise that you must first decide on the specific property you are looking for—whether
it is vacation home or a viable investment.
Determining the purpose that the properties in Costa Rica would serve will enable competent agents like those in
Dominical Real Estate to find suitable ones for you. An agent can show you income-generating
properties along the Central Valley metropolitan areas, where most of the
country’s prime business and service institutions are located. Owning properties along the waterfront,
though, is strictly controlled.
Environmental Benefits
To stay true
to its name, the Costa Rican government has taken steps to protect its beaches
and flora and fauna. This country’s vigilance over its natural resources got
the Environmental Performance Index to rank Costa Rica fifth in the world for sound
environmental policy for public health and vital ecosystem. Costa Rica
continues to be a popular destination among water sports enthusiasts,
backpackers, and vacationers on the watch for promising refuge islands. Its island
fare of abundant fruits and seafood served in dining eateries and resort hotels
add to the allure of vacation packages to this country.
Government Services
Property
ownerships here do not require you to pay capital gains tax; property tax is only
1% of its total value. The country grants the same property ownership right to
citizens and foreigners. Medical care in hospitals, especially those in the
metropolitan area, provide world-class healthcare, which makes the country a premier
choice among medical tourists for major procedures such as eye surgery and
joint replacements. These benefits accorded to foreigners make Costa Rica an
attractive addition to your portfolio of investments.