Buying Costa Rica real estate is a smart financial move, as well as a good way to establish a second home in one of the most marvelous places in the world. Gated community Costa Rica When you buy Costa Rica real estate, you will be able to take advantage of the Costa Rica real estate boom that is predicted to last for many years to come. Costa Rica real estate is still currently inexpensive, but rates are continuing to rise with time. A Costa Rica real estate property that cost $30,000 15 years ago can now fetch a price of $750,000. What is the cause for this rise in the price of Costa Rica real estate? Foreign investor interest has resulted in pricing doubling and tripling from their price ten years ago. Regardless of the increased prices in Costa Rica real estate, the price of a home or property in the country is still cheap compared to homes in the United States or Europe. A 3 bedroom, beachfront Costa Rica real estate property can be bought for as little as $60,000 while the same property in Florida would be 3 or 4 times as much. If you are considering investing in Costa Rica real estate you need to understand the value of location. There are some major developments happening in Costa Rica that you need to take into account when planning a purchase. These developments will affect the value of Costa Rica real estate. A new freeway will be completed shortly, which will link the large metropolitan areas of the country to the Pacific Coast. This will increase the flow of traffic and influence Costa Rica real estate prices in surrounding areas. Next, the largest marina will be completed shortly near the town of Quepos, which creates interest in the surrounding Costa Rica real estate. Finally, a new international airport is planned for the town of Orotina. Keep in mind these changes in infrastructure when planning your Costa Rica real estate investment.
Cookgroup Marketing LLC - All Rights Reserved. This article brought to you by . You may freely reprint this article on your website or in your newsletter provided this courtesy notice, author name and URL remain intact. Jason Albright is a contributing editor at Cookgroup Marketing LLC. His background is with lifestyle topics including: Gardening, Outdoor Living, Home Decor & Travel Destinations.