Why Investment Real Estate in Costa Rica Makes Sense

Why Investment Real Estate in Costa Rica Makes Sense

 

Countless investment opportunities exist.

There are numerous options to consider when looking at investment real estate in Costa Rica. As Central America's leading vacation destination, hotels, and vacation rentals are two areas of the market that are extremely easy to pursue. Those who have experience with larger property management opportunities will not be disappointed in the gated and condominium communities in existence, while those who want to build have plenty of land-buying options. With all those tourists passing through regularly and a constantly growing expat community, high-quality restaurants are also more in demand than ever.

 

You get a tropical getaway out of the deal.

Investing in Costa Rica real estate comes with one perk your friends and family will be especially excited about — a full-time, part-time or vacation home in the tropics. If you purchase a rental property, you can plan an escape from the cold winter weather or reserve it for you and your personal guests at any time throughout the year. If you invest in a hotel, there's no reason you shouldn't book the presidential suite. Even if you choose a commercial investment, you'll always have an excuse to get away from it all with a quick "business-related" trip to Costa Rica.

 

Your property will generate income throughout the year.

While there are certainly peak times during which most tourists visit — winter, spring break, and summer vacations — there is never a time when travelers stop coming to Costa Rica. For example, budget travelers like to plan their trips during the “green season” when they know the scenery will be beautiful and they can find discounted rates. Daily rainfall is to be expected during much of Costa Rica's green season, from May to mid-November, though some parts of the country are drier than others. The northern Guanacaste province, for example, is the driest region in the country. A steady flow of income can often be expected for about 10 months out of the year in popular Guanacaste beach towns like Tamarindo.

 

You can incorporate your passion into the investment.

Investing in Costa Rica can be more than a financial decision, it can be a passion project. If you've always dreamed of owning a bed and breakfast, there's no better place than Costa Rica to make that dream a reality. If you love the idea of owning a restaurant, an art gallery, or a cafe, the Costa Rican government and business scene will welcome you with open arms. Cattle farms, agricultural properties, and teak farms are also available. Whether you want to build from the ground up or find a turnkey business that's ready to go, Costa Rica has it all.

 

You don't have to be a resident to own a business or property in Costa Rica.

Residency status is not a requirement for purchasing investment real estate or opening a business in Costa Rica. When you come to visit, you'll be granted a 90-day visa with no questions asked. The only stipulation is that you must travel outside the country at the end of the 3-month period, which gives you a good reason to fit in a quick vacation, if nothing else. Starting a business or investing in real estate gives an edge when it comes to gaining residency if that's something you're interested in.

 

Costa Rica has a strong infrastructure that continues to improve.

There are two major international airports in Costa Rica, with frequent flights to and from numerous U.S., Canadian and European cities. The Juan Santamaría International Airport is located just outside San José, and the Daniel Oduber International Airport is near Liberia, putting the popular beaches of Guanacaste within a driving distance of just an hour or two. There are also regional airports throughout the country that allow you to shuttle around in a small plane. The national highway system is first-rate and is always being improved, and even in most rural areas, you will find paved roads and easy driving.

It's also worth noting just how economically and politically stable Costa Rica is. Political unrest, rioting, and anti-government demonstrations are very rare here. The local currency, the colón, has lost value in recent years but remains relatively stable. The country has had no standing army since 1948, nor has it been touched by war since then. It boasts a strong public school system and Central America's highest literacy rate. Crime rates are low, and quality of life is consistently ranked among the highest in the world. It has the delightful tropical climate of Central America and the Caribbean, yet it's outside the main hurricane zone.

For these and many other reasons, Costa Rica remains the premier real estate investment opportunity in Central America.

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The KRAIN team not only assists clients in purchasing homes in Costa Rica but also helps with anything their clients need to ensure a peaceful transition into Costa Rican life.

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