Costa Rica: Investment Opportunity of a Lifetime
Costa Rica is heralded as the most advanced country in Latin America. The modern conveniences, booming economy, and dramatically increased land values all point to this. And that's not all. Costa Rica is a breathtakingly beautiful country complete with majestic mountains, pristine beaches, mysterious rainforests, and exotic wildlife. With all of this, it doesn't take one long to figure out why investors are looking at this small country as a place to make their money grow.
While many businesses have staked their claim in this beautiful and unique country, the investment opportunity that has people buzzing about Costa Rica involves land. Yes, we're all familiar with real estate booms. Many countries have been experiencing phenomenal growth and increases in land values in recent years.
Take the United States for instance. While the real estate bubble has deflated and real estate values are expected to level out, the recent boom made more than a few people very rich. Many want to mimic these savvy investors and make their own money in real estate, but the problem is that opportunities are fewer and chances of losing money are higher than they were in recent years. That's why many property investors are looking for a place to invest where the real estate boom is just beginning: Costa Rica.
There are more than a few reasons why investing in Costa Rica real estate is a great opportunity. Just one of those involves the dramatically rising land values and thriving economy. There have been reports of land values tripling in as little as a few years, and it only promises to get better. As the economy grows and the country becomes even more attractive as a place to do business, as a place to invest, and as a place to call home, property values are predicted to skyrocket. But for right now, land prices in Costa Rica are extremely reasonable. Add these two factors together and you end up with a great investment opportunity.
Another reason why Costa Rica is a great place to invest in real estate is that the real estate and tax laws of Costa Rica make it very easy and inexpensive to close a real estate deal. In fact, closing costs complete with taxes, fees, and attorney costs usually run about 5%. And if you purchase your property through a corporation, there is no transference tax. After closing, you only have to worry about land taxes, and those normally fall around $350 per year for each tract of land that you own.
Costa Rica is so attractive that many Fortune 500 companies like IBM and Sony have headquarters there. Immigration is at an all time high as people move to this country to earn their living in this thriving economy. You too can have a part in this growing economy by investing in Costa Rica real estate.