Growth Of Real Estate In Costa Rica Is Phenomenal
Many locals are eager to share stories of their next-door neighbor, who purchased a lot of land for $6,000 a few years ago and recently sold it for $50,000 or more. Any way you frame it; the Costa Rican real estate market is just plain hot.
Even the New York Times is jumping up and taking notice of the burgeoning real estate market in Costa Rica. In a recent article, Times' reporter Janelle Brown highlighted a number of individuals who had made a killing on their real estate investments in Costa Rica within the last three to five years. Every story mentioned extraordinary gains in value for investors, with many properties purchased for as little as $50,000 and sold for $500,000 a short time later. Realtor Chris Mailloux was quoted as saying there's not a lot left that hasn't quadrupled in value in the last three years.
If you want further evidence of what a great deal investing in Costa Rican property can be, all you need to do is look to the hundreds of foreign companies that are practically running to start plants and divisions in Costa Rica. Just a smattering of the companies you'll find based in and around San Jose are Sony, IBM, Chiquita, Dole, Proctor & Gamble, Excedrin, and Intel. But don't think there isn't still ample room for growthcompanies like Cisco are currently celebrating the ten-year anniversaries of opening for business in Costa Rica, and continue to grow strong.
Aside from these major companies, many key individuals on the international scene have been discreetly investing in Costa Rica property. Steve Case, the founder of the multi-billion-dollar company AOL, owns property in Costa Rica.
Luxury condominiums are currently selling for upwards of $300,000, properties that would have cost a mere fraction of that only a few years ago. New hotel chains, eager to take advantage of the rise in ecotourism and the influx of foreigners seeking sage, low-cost elective surgeries in Costa Rica, are springing up rapidly, building multi-million dollar luxury suites where only a year ago there was no sign of economic life.
The continually rising property values are not just a fluke. Costa Rica is fast gaining international renown for its friendly, well-educated people (their literacy rate exceeds 96%), its cutting-edge medical services, and its natural beauty. As tourist and commercial interests in Costa Rica grow, the price of real property in Costa Rica will continue to rise, making it the perfect investment for today's economy.
by David Lovendahl, Costa Vista Marketing
Even the New York Times is jumping up and taking notice of the burgeoning real estate market in Costa Rica. In a recent article, Times' reporter Janelle Brown highlighted a number of individuals who had made a killing on their real estate investments in Costa Rica within the last three to five years. Every story mentioned extraordinary gains in value for investors, with many properties purchased for as little as $50,000 and sold for $500,000 a short time later. Realtor Chris Mailloux was quoted as saying there's not a lot left that hasn't quadrupled in value in the last three years.
If you want further evidence of what a great deal investing in Costa Rican property can be, all you need to do is look to the hundreds of foreign companies that are practically running to start plants and divisions in Costa Rica. Just a smattering of the companies you'll find based in and around San Jose are Sony, IBM, Chiquita, Dole, Proctor & Gamble, Excedrin, and Intel. But don't think there isn't still ample room for growthcompanies like Cisco are currently celebrating the ten-year anniversaries of opening for business in Costa Rica, and continue to grow strong.
Aside from these major companies, many key individuals on the international scene have been discreetly investing in Costa Rica property. Steve Case, the founder of the multi-billion-dollar company AOL, owns property in Costa Rica.
Luxury condominiums are currently selling for upwards of $300,000, properties that would have cost a mere fraction of that only a few years ago. New hotel chains, eager to take advantage of the rise in ecotourism and the influx of foreigners seeking sage, low-cost elective surgeries in Costa Rica, are springing up rapidly, building multi-million dollar luxury suites where only a year ago there was no sign of economic life.
The continually rising property values are not just a fluke. Costa Rica is fast gaining international renown for its friendly, well-educated people (their literacy rate exceeds 96%), its cutting-edge medical services, and its natural beauty. As tourist and commercial interests in Costa Rica grow, the price of real property in Costa Rica will continue to rise, making it the perfect investment for today's economy.
by David Lovendahl, Costa Vista Marketing
