Why invest in Costa Rica Real Estate?

As the real estate market in the US takes a turn for the worse, alternative investments such as Costa Rica real estate could keep you smiling and in the sun! At times like this it's good to have alternatives to futures, options, and hedge funds. The real estate market in Costa Rica is touted as one of the most stable in the world. It has been quietly gaining strength for years and is expected to continue on its climb.

What makes Costa Rica real estate so stable?

About 15 years ago, you could buy a gorgeous piece of land near a beach of fluffy white sand and crystal blue water for $10,000 and today it might be worth $500,000. These opportunities are still available in undeveloped costal areas, and up and coming tourist destination. Although there are fewer than in the past, deals like this can still be found.

But more interestingly, foreigners continue to move to Costa Rica in droves, bringing their savings with them. Many are retiring or buying a second home, and some are coming to do business. There are several reasons for the influx. Property is less expensive than in the US, as is the cost of living, and a comfortable lifestyle can be maintained with the added benefit of beautiful beaches.

In 2010 the baby-boom generation will begin to turn 65 and retire. Baby-boomers will retreat from their failing retirement plans and insufficient Medicare system and look for independent retirement in the sun. Costa Rica will become the new retirement state, you can already see the retirement developments under construction and banking services especially for transferring Medicare cheques to Costa Rican bank accounts.

Real estate has always been a great investment in terms of providing cash flow, assets and tax breaks. With the US market in a slump, Costa Rica offers an opportunity to invest in a new growth market, in a in a stable economy, where there is a friendly foreign policy, and a lot of great beaches! Costa Rica real estate is an excellent alternative investment offering high returns with steady growth.

Jennifer Cross, March 2008