Costa Property
.jpg){kind=logo}
This lens is a staging post for David Stanley Redfern Ltd press releases. DSR Ltd is an overseas property specialist -- the first place you look to buy a luxury property abroad for a great price. Most properties are exclusive to David Stanley Redfern Ltd -- working directly with developers in more than forty countries gives them an unparalleled selection of resale and new builds. David Stanley Redfern Ltd is AIPP accredited. Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com
Costa Rica posts rising tourism figures
From January-May 2008 foreign arrivals to Costa Rica increased 16 percent from the same period in 2007, according to the Ministry of Tourism in San José.
The upswing represented an additional 133,000 foreign visitors over the period, taking the total to 987,000 arrivals.
The US remains the main country of origin, accounting for 54 percent of arrivals, followed by Europe with 17 percent.
The Ministry of Tourism stated that recession in the US had not affected the propensity of high and middle income earners visiting Costa Rica. Nor have increased airline prices dissuaded European travellers.
While the world economics forum has ranked Costa Rica as the number one nation in Latin America in terms of tourism - the second successive year that Costa Rica has occupied top spot.
Costa Rica registered 1.9 million foreign visitors in 2007, generating US$1.92 billion in tourism receipts.
And research from the overseas property specialist, David Stanley Redfern Ltd, shows that despite Costa Rica's semi-mature market, wisely chosen property has plenty of growth potential.
The country's diverse economy is one of the strongest in Latin America and is likely to continue growing irrespective of global markets - the World Economic Forum has just ranked Costa Rica as the second most favourable Latin American country in terms of trade.
Add to this Costa Rica's huge tourism industry and property can be expected to grow by more than 15 percent in the coming years, and possibly by as much as 20-25 percent per year for the next three. The large number of tourist arrivals means property is likely to fetch rental yields of 10 percent or more.
David Stanley Redfern Ltd offers property only 90 minutes from San Jose's international airport, on Jaco Beach. Planned by talented designers, the development boasts contemporary architecture inspired by the concepts of tropical minimalism and is one of the few beach front properties in Costa Rica that is fully titled. Due to recent government regulations it is also likely to be the only property on the beach.
Find out more about Costa Rican property.
About David Stanley Redfern
David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com
The upswing represented an additional 133,000 foreign visitors over the period, taking the total to 987,000 arrivals.
The US remains the main country of origin, accounting for 54 percent of arrivals, followed by Europe with 17 percent.
The Ministry of Tourism stated that recession in the US had not affected the propensity of high and middle income earners visiting Costa Rica. Nor have increased airline prices dissuaded European travellers.
While the world economics forum has ranked Costa Rica as the number one nation in Latin America in terms of tourism - the second successive year that Costa Rica has occupied top spot.
Costa Rica registered 1.9 million foreign visitors in 2007, generating US$1.92 billion in tourism receipts.
And research from the overseas property specialist, David Stanley Redfern Ltd, shows that despite Costa Rica's semi-mature market, wisely chosen property has plenty of growth potential.
The country's diverse economy is one of the strongest in Latin America and is likely to continue growing irrespective of global markets - the World Economic Forum has just ranked Costa Rica as the second most favourable Latin American country in terms of trade.
Add to this Costa Rica's huge tourism industry and property can be expected to grow by more than 15 percent in the coming years, and possibly by as much as 20-25 percent per year for the next three. The large number of tourist arrivals means property is likely to fetch rental yields of 10 percent or more.
David Stanley Redfern Ltd offers property only 90 minutes from San Jose's international airport, on Jaco Beach. Planned by talented designers, the development boasts contemporary architecture inspired by the concepts of tropical minimalism and is one of the few beach front properties in Costa Rica that is fully titled. Due to recent government regulations it is also likely to be the only property on the beach.
Find out more about Costa Rican property.
About David Stanley Redfern
David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com
Costa Rica: A slice of paradise and a shrewd investment
Overseas property specialists David Stanley Redfern Ltd currently have a remarkable development nestled away in a Costa Rican paradise.
The Wyndham Garden development on Jaco Beach is a 14 story beach front Condo-Hotel with 136 units of one, two, and three bedroom fully furnished residences.
Planned by talented designers, the development boasts contemporary architecture inspired by the concepts of tropical minimalism and is one of the few beach front properties in Costa Rica that is fully titled.
Consisting of two towers staggered with a constructed area of 26,536 m2, the development is made up of 2 three bedroom units, 60 two bedroom units and 54 one bedroom units each offering spectacular views and natural light. The resort itself includes infinity pools at three different levels; a fully equipped spa with sauna, steam and massage rooms; gym; restaurant, snack bar and bar; day-care centre; Jacuzzi and a host of other amenities.
Jaco Beach is located on the Pacific coast in the province of Puntarenas, just 90 minutes from San Jose's international airport. Only minutes away are activities such as horseback riding and ocean fishing, while nearby Garabito offers a large selection of restaurants, night clubs and bars. Yet Jaco beach is tranquil, and because of recent government regulations the Wyndham Garden development is likely to be the only property on this beautiful beach.
The property presents the perfect opportunity to buy a piece of Costa Rican paradise while also fulfilling the criteria of a shrewd investment. Wisely chosen property in Costa Rica still has plenty of growth potential, and property is expected to grow by more than 15 percent year on year, possibly by as much as 20-25 percent per year over the next three. While rental yields will fetch 10 percent or more as the country continues to benefit from amazing growth in tourism.
Find out more about Costa Rican property
About David Stanley Redfern
David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com
The Wyndham Garden development on Jaco Beach is a 14 story beach front Condo-Hotel with 136 units of one, two, and three bedroom fully furnished residences.
Planned by talented designers, the development boasts contemporary architecture inspired by the concepts of tropical minimalism and is one of the few beach front properties in Costa Rica that is fully titled.
Consisting of two towers staggered with a constructed area of 26,536 m2, the development is made up of 2 three bedroom units, 60 two bedroom units and 54 one bedroom units each offering spectacular views and natural light. The resort itself includes infinity pools at three different levels; a fully equipped spa with sauna, steam and massage rooms; gym; restaurant, snack bar and bar; day-care centre; Jacuzzi and a host of other amenities.
Jaco Beach is located on the Pacific coast in the province of Puntarenas, just 90 minutes from San Jose's international airport. Only minutes away are activities such as horseback riding and ocean fishing, while nearby Garabito offers a large selection of restaurants, night clubs and bars. Yet Jaco beach is tranquil, and because of recent government regulations the Wyndham Garden development is likely to be the only property on this beautiful beach.
The property presents the perfect opportunity to buy a piece of Costa Rican paradise while also fulfilling the criteria of a shrewd investment. Wisely chosen property in Costa Rica still has plenty of growth potential, and property is expected to grow by more than 15 percent year on year, possibly by as much as 20-25 percent per year over the next three. While rental yields will fetch 10 percent or more as the country continues to benefit from amazing growth in tourism.
Find out more about Costa Rican property
About David Stanley Redfern
David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com
Costa Rica Property: The Medical Tourism Factor
Costa Rica has been named as one of the top destinations for health tourism, a growing industry of people travelling abroad to have cosmetic surgery that is too costly back home. Other countries in the top 5 were Malaysia, Panama, India and Brazil.
These countries are most popular because of their advanced, high quality health services, and low costs. Malaysia and India attract people from all over the world, as do Costa Rica Brazil, and Panama, but the latter three attract the most U.S. citizens, because of the above reasons as well as their Americanised cultures.
Costa Rica's medical tourism industry is one part of the economy that has been growing lately, and experts predict this is a market sector that will continue to see growth for the foreseeable future, especially given that these places are developing people's trust having been popular with medical tourists for a few years now, and benefiting from word of mouth. Trust is an integral part of a developing country becoming popular with medical tourists.
David Stanley Redfern Ltd releases have touched on the growing medical tourism industry in Costa Rica before, but only that growth in the sector will continue Costa Rica's ability to grow economically, and how the incoming visitors are strengthening the rental market in Costa Rica.
The factors not mentioned were, that countries like Costa Rica, in order to maintain their reputation as a medical tourism destination, must make themselves attractive to specialist surgeons from more advanced countries. To do this they rely on the ability to provide high quality rented accommodation. This is excellent news for the Costa Rica property market.
Medical tourism is yet another growing string to Costa Rica's economic bow, which already has unique tourist attracting features, like the fact that it boasts five percent of the world's ecology, in only 0.003% of the world's land mass. But other places in Latin America have equally rich and diverse ecological systems; Costa Rica is set apart by its stability and safety, making it ideal for family holidays.
Costa Ricans readily boast that their country has no need for an army, the country is so peaceful that schoolchildren oversee election parades, and there are more doctors in the country than policemen and women. Perhaps the latter feature played a part in Costa Rica ranking above the U.S. in a recent study into world health services, and also plays a part in Costa Rica's success in the new medical tourism phenomenon.
Find out more about Costa Rica property
About David Stanley Redfern
David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
Media enquiries should be directed to Liam Bailey at media@davidstanleyredfern.com
These countries are most popular because of their advanced, high quality health services, and low costs. Malaysia and India attract people from all over the world, as do Costa Rica Brazil, and Panama, but the latter three attract the most U.S. citizens, because of the above reasons as well as their Americanised cultures.
Costa Rica's medical tourism industry is one part of the economy that has been growing lately, and experts predict this is a market sector that will continue to see growth for the foreseeable future, especially given that these places are developing people's trust having been popular with medical tourists for a few years now, and benefiting from word of mouth. Trust is an integral part of a developing country becoming popular with medical tourists.
David Stanley Redfern Ltd releases have touched on the growing medical tourism industry in Costa Rica before, but only that growth in the sector will continue Costa Rica's ability to grow economically, and how the incoming visitors are strengthening the rental market in Costa Rica.
The factors not mentioned were, that countries like Costa Rica, in order to maintain their reputation as a medical tourism destination, must make themselves attractive to specialist surgeons from more advanced countries. To do this they rely on the ability to provide high quality rented accommodation. This is excellent news for the Costa Rica property market.
Medical tourism is yet another growing string to Costa Rica's economic bow, which already has unique tourist attracting features, like the fact that it boasts five percent of the world's ecology, in only 0.003% of the world's land mass. But other places in Latin America have equally rich and diverse ecological systems; Costa Rica is set apart by its stability and safety, making it ideal for family holidays.
Costa Ricans readily boast that their country has no need for an army, the country is so peaceful that schoolchildren oversee election parades, and there are more doctors in the country than policemen and women. Perhaps the latter feature played a part in Costa Rica ranking above the U.S. in a recent study into world health services, and also plays a part in Costa Rica's success in the new medical tourism phenomenon.
Find out more about Costa Rica property
About David Stanley Redfern
David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
Media enquiries should be directed to Liam Bailey at media@davidstanleyredfern.com
Costa Rica: Economic Strength by Adaptation
The Costa Rican government has announced that its economy will not suffer a downturn from the U.S. slump. For the first time in 50 years the Costa Rican government was left with a $174million budget surplus. It is expected that the U.S. slump will do no more than limit Costa Rica's growth to 3.8%, down from 6.8% last year. Costa Rica has long been one of the best developed Latin American countries, because of forward thinking leadership.
Disbanding the military in the 70s freed up millions of dollars to develop the country's health and education sectors as well as the infrastructure. Thanks to that move, Costa Rica has a 95% literacy rate and one of the best educated populations in the Southern Hemisphere.
From starting life as a banana republic reliant on Banana and coffee exports, Costa Rica now has flourishing hi-tech and medical manufacture and export sectors, and services sector, on top of a rapidly growing tourism sector and successfully diversified agricultural export sector.
The hi-tech sector has attracted companies like Panasonic and Intel, the latter having invested some $800million into Costa Rica's coughers, with plans to invest a further $90million this year. 11,000 Costa Ricans are employed in the hi-tech industry, and hi tech exports were valued at over $2million in 2005. The fact that Intel has invested so heavily and continues to invest shows that it is still a growth sector. Working from developing countries like Costa Rica keeps costs down and profits up -- a portion of which is then reinvested in said developing country thus keeping the growth cycle going.
The agriculture sector has had to diversify because of regional competition and a changing global economy, but Costa Rica's agricultural industry has stayed strong by changing with the market. Costa Rica has complimented its original coffee and banana exports with pineapples, watermelons, papaya and tropical flowers, as well as diversifying agricultural methods to capitalise on new fair-trade exports, and luxury organic produce.
Costa Rica's perhaps less talked about industry is its flourishing services sector, with companies like Western Union, Microsoft, Unisys and Oracle operating call centres in the country.
Tourism to Costa Rica grew by 10.6% 2006-2007, receiving over 1.6 million visitors last year. Costa Rica has also been clever enough to diversify its tourism industry to keep up with demand, and is now offering eco-tourism holidays and medical tourism (plastic surgery) holidays.
This ability to adapt to changes in the global economy makes the outlook for Costa Rica's economy bright, and a property investment there even brighter.
Find out more about Costa Rican property
Disbanding the military in the 70s freed up millions of dollars to develop the country's health and education sectors as well as the infrastructure. Thanks to that move, Costa Rica has a 95% literacy rate and one of the best educated populations in the Southern Hemisphere.
From starting life as a banana republic reliant on Banana and coffee exports, Costa Rica now has flourishing hi-tech and medical manufacture and export sectors, and services sector, on top of a rapidly growing tourism sector and successfully diversified agricultural export sector.
The hi-tech sector has attracted companies like Panasonic and Intel, the latter having invested some $800million into Costa Rica's coughers, with plans to invest a further $90million this year. 11,000 Costa Ricans are employed in the hi-tech industry, and hi tech exports were valued at over $2million in 2005. The fact that Intel has invested so heavily and continues to invest shows that it is still a growth sector. Working from developing countries like Costa Rica keeps costs down and profits up -- a portion of which is then reinvested in said developing country thus keeping the growth cycle going.
The agriculture sector has had to diversify because of regional competition and a changing global economy, but Costa Rica's agricultural industry has stayed strong by changing with the market. Costa Rica has complimented its original coffee and banana exports with pineapples, watermelons, papaya and tropical flowers, as well as diversifying agricultural methods to capitalise on new fair-trade exports, and luxury organic produce.
Costa Rica's perhaps less talked about industry is its flourishing services sector, with companies like Western Union, Microsoft, Unisys and Oracle operating call centres in the country.
Tourism to Costa Rica grew by 10.6% 2006-2007, receiving over 1.6 million visitors last year. Costa Rica has also been clever enough to diversify its tourism industry to keep up with demand, and is now offering eco-tourism holidays and medical tourism (plastic surgery) holidays.
This ability to adapt to changes in the global economy makes the outlook for Costa Rica's economy bright, and a property investment there even brighter.
Find out more about Costa Rican property
Hunt for the Next Spain Part II: Costa Rica
Costa Rica made it into my list of top ten destinations in the world to make a property investment in, and is certainly a contender for the country to become as popular and as successful for property investors as Spain is and has been respectively.
Ok, the property isn't the cheapest but there is massive potential for profit. Costa Rica is a gorgeous place -- positively vibrant. It has both a Caribbean and Pacific coastline, which not only gives it fantastic beaches, but also allows visitors and property investors a choice of climate, humid heat or dry heat -- it is cool in the centre.
Lush vegetation, jungles, tropical plant-life, and awe-inspiring volcanoes, as well as sun, sea and surf are all attracting tourists and property investors. On top of its aesthetic benefits Costa Rica is one of the most secure and stable of all the Central American countries. It also has a really good infrastructure.
In fact, the stage is set for Costa Rica to enjoy massive and sustainable growth for the foreseeable future -- in every industry. Costa Rica just signed the CAFTA, Central America Free Trade Agreement, its major export: micro-processors is a growth industry, on top of all other famous South American export goods like Coffee and Cocoa, and that is before we even mention tourism.
Like I said Costa Rica can easily rival Spain, the popular Caribbean resorts already rival Spain, but they are out of most people's price ranges. Costa Rica's emerging state means living costs are low so it provides an excellent low-cost Caribbean holiday. Little wonder that rental yields are very rarely under 12%.
Dominican Republic offers the cheapest Caribbean holiday, and the cheapest property, but for the extra money Costa Rica surpasses because of its infrastructure and stability. Costa Rica also has a very competitive taxation system; the first $2,698 earned from rental is exempt from taxation, after that it is taxed progressively between 10% and 25%.
Capital Gains tax is not charged unless it is from a recurring (habitual) transaction, inheritance and gift tax is only 1-2%, and total round-trip transaction costs are a moderate 8.58 - 13.58%.
In short Costa Rica is doing everything right to ensure it sees continued growth, in its export industry in foreign direct investment and GDP growth, making it well worth considering as a destination for an overseas property investment.
Find out more about Costa Rica investment property
Ok, the property isn't the cheapest but there is massive potential for profit. Costa Rica is a gorgeous place -- positively vibrant. It has both a Caribbean and Pacific coastline, which not only gives it fantastic beaches, but also allows visitors and property investors a choice of climate, humid heat or dry heat -- it is cool in the centre.
Lush vegetation, jungles, tropical plant-life, and awe-inspiring volcanoes, as well as sun, sea and surf are all attracting tourists and property investors. On top of its aesthetic benefits Costa Rica is one of the most secure and stable of all the Central American countries. It also has a really good infrastructure.
In fact, the stage is set for Costa Rica to enjoy massive and sustainable growth for the foreseeable future -- in every industry. Costa Rica just signed the CAFTA, Central America Free Trade Agreement, its major export: micro-processors is a growth industry, on top of all other famous South American export goods like Coffee and Cocoa, and that is before we even mention tourism.
Like I said Costa Rica can easily rival Spain, the popular Caribbean resorts already rival Spain, but they are out of most people's price ranges. Costa Rica's emerging state means living costs are low so it provides an excellent low-cost Caribbean holiday. Little wonder that rental yields are very rarely under 12%.
Dominican Republic offers the cheapest Caribbean holiday, and the cheapest property, but for the extra money Costa Rica surpasses because of its infrastructure and stability. Costa Rica also has a very competitive taxation system; the first $2,698 earned from rental is exempt from taxation, after that it is taxed progressively between 10% and 25%.
Capital Gains tax is not charged unless it is from a recurring (habitual) transaction, inheritance and gift tax is only 1-2%, and total round-trip transaction costs are a moderate 8.58 - 13.58%.
In short Costa Rica is doing everything right to ensure it sees continued growth, in its export industry in foreign direct investment and GDP growth, making it well worth considering as a destination for an overseas property investment.
Find out more about Costa Rica investment property
Property Investment in Costa Rica: Diversify for Success
Latin America is like one big emerging market, with a couple of exceptions it is booming across the board. Take Costa Rica for example, real GDP growth is around the 6% mark.
Emerging markets are fuelled by increasing levels of tourism, something usually triggers people to view the country as a good holiday destination. Tour operators always on the look out for new and exotic destinations to offer low price holidays to, favour emerging markets because low cost of living means low cost holidays.
Latin America's Costa Rica, Argentina, Brazil, and Panama are all benefiting from being new tourism hotspots, with a Hilton hotel being built in Panama and a trump towers on the way, rental yields going through the roof in Argentina's capital Buenos Aeries, and Brazil tipped to become the world's fifth largest economy. But Costa Rica has as much potential to soar on the world stage as any of them because of the amount of additional strings to its economic bow.
For a start Costa Rica is one of the world's most stable democracies, which means it is a safe place to take your kids on holiday to see the-must-see-sites that Latin America is famous for like tropical rain forests.
Speaking of tropical jungles, Costa Rica's rich bio-diversity attracts eco-tourists from around the world in an addition to its tourism market. But Costa Rica's strong economic growth comes not only from rising tourism, but from being a globally active producer of electrical goods, most notably micro-processors.
As we all now know computers are becoming an everyday part of everyone's lives, and even fridges are going digital, micro-processor production is therefore as big an expanding market as tourism for Costa Rica's economy.
Another thing Costa Rica has done to help sure up its path to becoming an economic power-house is joining the US-Central American Free Trade Agreement (CAFTA), after the population voted in favour of signing the agreement last year. The implementation of CAFTA is to be completed by 1 March this year, experts predict it will result in an "improved investment climate" (CIA World Factbook).
Costa Rica is already a growing property investment hot-spot, one of the new hot emerging property markets, and an emerging market is a force to be reckoned with. Like Panama, Costa Rica has a coastline on the North Pacific ocean and the Caribbean ocean, this means it has a vastly varied climate, humid on one coast, dry-heat on the other, and cooler in the centre -- something for everyone.
Find out more about Costa Rican investment property at: investment properties in Costa Rica
Emerging markets are fuelled by increasing levels of tourism, something usually triggers people to view the country as a good holiday destination. Tour operators always on the look out for new and exotic destinations to offer low price holidays to, favour emerging markets because low cost of living means low cost holidays.
Latin America's Costa Rica, Argentina, Brazil, and Panama are all benefiting from being new tourism hotspots, with a Hilton hotel being built in Panama and a trump towers on the way, rental yields going through the roof in Argentina's capital Buenos Aeries, and Brazil tipped to become the world's fifth largest economy. But Costa Rica has as much potential to soar on the world stage as any of them because of the amount of additional strings to its economic bow.
For a start Costa Rica is one of the world's most stable democracies, which means it is a safe place to take your kids on holiday to see the-must-see-sites that Latin America is famous for like tropical rain forests.
Speaking of tropical jungles, Costa Rica's rich bio-diversity attracts eco-tourists from around the world in an addition to its tourism market. But Costa Rica's strong economic growth comes not only from rising tourism, but from being a globally active producer of electrical goods, most notably micro-processors.
As we all now know computers are becoming an everyday part of everyone's lives, and even fridges are going digital, micro-processor production is therefore as big an expanding market as tourism for Costa Rica's economy.
Another thing Costa Rica has done to help sure up its path to becoming an economic power-house is joining the US-Central American Free Trade Agreement (CAFTA), after the population voted in favour of signing the agreement last year. The implementation of CAFTA is to be completed by 1 March this year, experts predict it will result in an "improved investment climate" (CIA World Factbook).
Costa Rica is already a growing property investment hot-spot, one of the new hot emerging property markets, and an emerging market is a force to be reckoned with. Like Panama, Costa Rica has a coastline on the North Pacific ocean and the Caribbean ocean, this means it has a vastly varied climate, humid on one coast, dry-heat on the other, and cooler in the centre -- something for everyone.
Find out more about Costa Rican investment property at: investment properties in Costa Rica
The Big attraction of Costa Rica Investment Property
Latin American property markets have become a growing force on the international property investment scene, along with many neighbouring countries, Costa Rica's real estate market is in the throws of a major boom. Setting Costa Rica apart is its incredibly peaceful and stable democracy and society. Costa Rican President Oscar Arias, won the Nobel peace prize for his efforts in bringing peace with Nicaragua and El Salvador in 1987 - a good thing since the Costa Rican military disbanded in 1948. An environment of peace is endemic of low crime rates and certainly something which attracts investors towards Costa Rica when seeking out investment property.Said investors won't be disappointed if that search takes them to David Stanley Redfern's website, where they will find the newly added Wyndham Garden development, Jaco Beach. One of the few titled beach front complexes in Costa Rica, Wyndham Garden is a 14 storey condominium of fully furnished 1, 2 and 3 bedroom residencies - prices start from £153,000.
Another attraction is the capital appreciation, in an article in The International Herald Tribune last year, quoted reMax agent, who, along with his family, has been selling property in Costa Rica for 13 years, Chris Mailloux said: "Lots that were once $50,000 are now $500,000. There's not a lot left that hasn't quadrupled in value in the last three years." He also mentioned the rising availability of new property, telling IHT that eight developments each of at least 20 homes are under construction in one abbreviated block near his office.
Also attracting buyers are rental yields of between 7-9% for larger 100sq.m properties, decreasing as property size increases. The first $2,698 of rental income is exempt from tax, and taxed at progressive rates of between 10%-25% after the threshold is reached. A good counterweight to the rental tax when considering a Costa Rican property investment is: Capital Gains Tax is only paid on habitual (recurring) transactions - no CGT is paid on one off property sales.
Costa Rica also has low living costs in its bag of overseas property investment plus points, and next to no restrictions on foreigners buying or owning property -- the only restriction being the first 50 metres after the high tide line is public property, and the following 150 metres can only be leased to foreigners that have lived in Costa Rica for more than five years. That leaves plenty of room for foreigners drawn to Costa Rica's unique features, including: beautiful valleys, volcanoes, jungles, sun, sea and surf. Potential investors will also love to hear that Costa Rica is very secure, has great infrastructure, and investors can choose their favoured climate, by buying on the Pacific coast (warm), the Caribbean coast (warmer), or the central regions of the country (colder)
Of course having a coastline to the Pacific and the Caribbean oceans is another plus point for Costa Rica. And it doesn't stop there, analysts are tipping the Guanacaste province as the "next gold coast", and prices are quadrupling so you better get in fast. Call David Stanley Redfern today for a free no-obligation chat.
Find out more about Costa Rica investment property at: Costa Rican properties
Other property sites
- Montenegro Property blog
- Emigration Now: Blog on Property Around the World
- Cambodia Property Blog
- A Blog on Philippines Property
- Property in Thailand Blog
- A Blog on the Booming Argentine Property Market
- A Panama Property Blog
- Albania Property Blog
- Canadian Property Blog
- A Blog on Italian Property
- Malaysia Property Blog
- Property in Germany blog
- David Stanley Redfern Homepage
- Ukrainian Property Blog
- Czech Republic Blogger
- Caribbean Property Blog
- Brazillian Blog
- Goan Property Blog
- Canary Island Property Blog
- Property in Finland
- Barbados Blog
- Cape Verde Blog
- Estonia Blogger
- A blog on Property in Morocco
Join mailing list
To receive David Stanley Redfern Ltd Press Releases by E-mail click here to send me an e-mail. Details already in the subject line, just send blank.
