Investing in
Beach Club Costa Rica
Real Estate Market
The Costa Rican real estate market looks very similar to that of coastal states in the U.S. 30 years ago: amazing beachfront property at reasonable prices. Beautiful palm-lined beaches, an incredible climate, accessibility to modern conveniences, advanced infrastructure, excellent healthcare, and advancements in the ease of wireless communication all contribute to the booming real estate market in Costa Rica. Developing beach towns dot the coastline along both the Pacific Ocean to the west and the Caribbean Sea to the east, and as those towns grow, the areas in between will fill.
According to a six-minute spot on CNBC in April 2006, 95% of business coming into Costa Rica is from the U.S., 80% of which is paid in cash, and that 85% of land-buyers in Costa Rica are from the U.S. This segment included interviews with Tom Kunz of Century 21, and Jeff Hornberger of the National Association of Realtors, and they reported that the craze is occurring because baby boomers are looking for second homes in sunny areas with beaches and water, and the U.S. coastlines are saturated. Thirty percent of real estate transactions in the states are for the purchase of second homes, and the number of people looking outside of the U.S. for those homes is increasing.
An Investment Hotspot
With the obvious allure of endless miles of sunny beaches, lush rainforests teeming with wildlife, exciting adventure possibilities and refreshingly warm and friendly people, Costa Rica offers an ideal real estate investment environment. With over 1.2 million visitors per year, and 20,000 + U.S. expatriates calling it home, Costa Rica has been an excellent choice for international visitors. While property prices still remain extremely reasonable, the great attraction to Costa Rica, on all levels, is raising property prices and many investors are enjoying double-digit appreciation annually.
An increasing offer of international flights has positioned the Daniel Oduber Airport (Liberia, Guanacaste) as a new entry port, providing easy access to the northern Pacific coast and its many tourism attractions. Meanwhile, new resources are allocated for the improvement of the country’s main international airport, Juan Santamaria Airport in San Jose, as well as many other secondary airports throughout the country.
The Southern Pacific region is also one of the hottest spots to invest at the moment. A brand new hospital to be completed within 6 month and a third international airport projected to be built within 5 years, will open up the Southern Pacific area of the country much in the same way that the Liberia airport has opened and sparked growth in Guanacaste.
Economic, political and social stability
The economic, political and social stability of Costa Rica is one characteristic that has distinguished it through its entire contemporary history and as one of its most important strengths, has enabled it to reach great success in luring foreign investors.
