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Sunday, July 26, 2009

Affordable Property Investment In Costa Rica

By Randy Berg

Costa Rica is a country comprising of a group of islands in the Central American region. San Jose is the capital of this beautiful country. When Christopher Columbus discovered this land in the year 1502, he was right in naming this country Costa Rica in Spanish which translates to "rich coast" in English. This country is a land of captivating beauty. The exuberant greenery and the bewitching landscape attract the people to this beautiful country.

The beauty of Costa Rica is very enchanting and captivating. This country was so long unexplored and unexploited. However, as more and more tourists pour into this pleasant country, its fame is spreading far and wide. Almost every tourist who visits this country carries with him/her the dream of buying property in Costa Rica.

There are numerous reasons why Costa Rica is becoming a preferred choice for property investment. Costa Rica is a land beyond just sensuous beaches, picturesque landscape, lush greenery and majestic mountains. It is a land of happy and content people. The natives of Costa Rica, also referred to as "ticos", are warm and friendly in nature.

The various options that Costa Rica offers for property investment are beach properties, upscale residential homes, farms and mountain properties. Some of the places in Costa Rica where your investment in property will prove worthwhile are in the Central Provinces of Heredia and Alajuela, locations in San Jose such as Escazu and Santa Ana and places like Puerto Viejo, Punta Uva and Dominical.

Costa Rica is one of the oldest and strongest democracies in the Central American region. This country is also considered to be the safest among the Central American countries. Costa Rica is making positive changes in order to lure investors to invest in property here. The infrastructure is developing rapidly and now Costa Rica has good roads, good Internet connectivity, good air travel facilities, banks, schools and universities. The economic policies are also liberal which makes it convenient for the investor to purchase property here.

Costa Rica property investment is a good option because this place is also safe to a great extent, and offers peace of mind and protection to the foreigners who invest their money here in purchasing property. The government of Costa Rica has introduced many liberal economic policies that are in favor of the investors looking to invest in property here. As compared to many other Central American countries, Costa Rica has the longest and strongest democracy too.

There are certain points to keep in mind while investing in property in Costa Rica. The Costa Rica real estate market is a two-tiered market which means that there are different rates for the same property for the "ticos" (natives of Costa Rica) and "gringos" (foreigners who come for investment). The property prices quoted for the "gringos" are nearly twice the price quoted for "ticos". Hence, it is important to bear this point in mind and negotiate on the costs demanded by the seller for the property.

Costa Rica property investment is lucrative; however, the person who needs to invest in property in this country must be well versed with the local laws of this country. This is needed to ensure that you can get the property completely registered against your name and get 100% ownership rights. - 23196

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