It doesn’t matter if you’re buying property in Costa Rica, or anywhere else for that matter, you need to choose the right location to maximize your capital growth.
Here we will look at buying Costa Rican property as an example – but the same guidelines apply for any property you wish to buy.
Follow these simple tips, and you could make a killing in the Costa Rican property market – or in any other investment area.
1. Look for a Market with a Track Record.
When you buying property, don’t buy in a market people say is going to take off – look for one that’s already begun to move.
There’s a lot of hype with new property markets, but many simply don’t take off – make sure you don’t fall for the hype, and end up losing when the anticipated take off doesn’t occur.
Costa Rican property has risen by an average of 300% over the last 10 years and many – investors are doubling, or tripling their money in just a few years.
2. Look for a Market that’s Still Cheap – and has Long Term Potential.
While you want a market that’s established, you still want cheap property, with long-term growth potential – and that’s exactly what you get when you buy property in Costa Rica.
With prices up to 70% less than similar property in the southern United States, and with Americans looking at Costa Rican property in ever increasing numbers, you know you’re getting affordable property with great growth potential.
The trend for second homes is booming, and Americans (and other foreign nationals) are buying and will continue to buy.
With Costa Rica property available that’s just a few hours flight time form the US mainland, along with its competitive price and great lifestyle, the Costa Rican real estate market, will enjoy a growth market for years to come.
3. Find the Right Location before the Herd Start to Buy.
The way to get above average gains is all about location. Don’t look at properties where prices have already risen – look at areas near new developments.
As a property market develops, the infrastructure changes to service the new influx of buyers – and Costa Rica real estate is no different from anywhere else. For example, there are currently three infrastructure developments you can buy near – and when they’re completed, the value of your property will soar in value as the uninformed herd arrive after the event.
Here are three examples happening right now in Costa Rica:.
. A new freeway is under construction to link the pacific coast to inland towns.
. The largest marina in the country is being built and due to be completed.
. A new international airport is under construction.
It’s obvious that if you buy Costa Rican property in nearby locations, in order to take advantage of these projects when they’re completed – your property value will increase.
4. Beware of the Law and Regulations!.
If you’re buying property in any location, you need to know the law, and your rights – and whether they’re likely to change in future. If you buy Costa Rica property, you’ll have the comfort of knowing that:.
. You have the same rights as the Costa Ricans themselves – and you’re not at a disadvantage in any way.
. Costa Rica has an active policy of encouraging foreign buyers – and red tape is kept to a minimum.
. Costa Rica has a stable democracy that’s well established.
. There are significant tax advantages to buying land and property in Costa Rica.
Fact is, many of the so-called property boom investment markets, don’t have a track record of stability – or of being foreign investment friendly.
When you buy Costa Rica property, you know that you can invest easily and with government support – and have the same rights as native residents. How many countries offer you this comfort?.
When you buy Costa Rica property, you’re buying into a growing investment market that can give you fantastic long-term gains. You’ll also be investing in a stable and beautiful country – making an investment in Costa Rica property well worth considering.