1. Costa Rica Resort Properties
Resort property possession in warm environments is becoming increasingly popular amongst the
international neighborhood and Costa Rica is really a popular destination in Central America which
much traffic find appealing. Panama and nicaragua , occupies a property mass of around twenty ,000
square kilometers in the southern a part of Central America, including several small islands mainly on
the Pacific aspect. It is much like the province of Nova Scotia--only smaller--with two long coastlines.
The country is only about 200 kilometers long and 70 miles wide at the narrowest part. It may be
compared to British Columbia because of its mountain runs and lush rain forests and diverse ecology.
The three mountain runs create five spectacular and geographically diverse areas. These are the
northern Central Plains, the Northwest Peninsula, the tropical Lowlands on the off-shore and
Caribbean coasts plus the Central valley where seventy percent of the population resides.
The locals known as Ticos are very friendly and Costa Rica is becoming a popular destination for
worldwide vacationers from Europe, north america and South America. This makes it a very
appealing place to consider investing in a retirement home, a holiday property or simply an
investment property to generate leasing income. The cost of living here is considerably less than in
most countries and being one of the most steady governments and financial systems in Latin america
it has attracted investors and developers from around the world. This has also created an established
pattern of property worth appreciation and the long term holds promise of the continued upward
pattern in real estate costs.
According to the locals this is the perfect time for you to look at a vacation resort property while the
Canadian dollar is relatively strong. The climate is right for foreign investment in Costa Rica and in
truth the government rewards and also the who invest much more then US$50,thousand with a status
known as "inversionista" or big investor. This allows the investor to remain in the country for up to six
months at a time versus the normal tourist visa of three months. This status also assists and speeds
up the immigration procedure should you decide to take the Tico plunge and become a permanent
resident and citizen.
Any real estate investment in a foreign country comes with a certain amount of risk and it is vital that
you eliminate as much as possible starting your investment. Title insurance is one way to ensure that
your new property is in fact yours to enjoy. Probably the most important aspects of safeguarding a
real estate investment is making sure the title to the property is in proper purchase. A title warranty or
title insurance plan protects your possession and use of the property by guarding towards unknown
and concealed risks that may result in loss or impact your ownership. In Costa Rica this insurance is
available from Stewart title Latin America, which is the same company that insures land in america
from title fraud. The fact that Stewart title operates in Costa Rica indicates the growth in international
investment and that your investment comes with only limited risk. The absence of hurricanes,
typhoons, or wild fires, your risk of natural disasters is minimal to both property and home. The main
reason to purchase title insurance is because many North Americans and Europeans want their
property insured and their investment protected. Make certain whatever you are considering as your

2. investment qualifies with this type of insurance.
All beaches on both coats are public site and no resorts possess private beaches however , many
have ocean views and are priced appropriately. There can be substantial cost savings by purchasing
your new house just a short distance from the beach. As an example the pre-construction prices on
our Prada del Sol vacation homes start as low as US$139,000 and they are fewer than half a mile
from the nearest beach. This could imply a savings as much as US$50,000 for any short exercise to
the beach. It is also very common for developers to provide pre-construction prices which are
substantially lower than the best retail price once the development is completed. Having a gradual
payment plan as construction progresses you can enjoy a savings along with a payment plan to
maximize your investment potential and minimize your funds outlay.
Currently, demand for vacation properties in Costa Rica is generally greater than the pace of
construction and it is considered to be a seller's marketplace. This makes pre-construction buys an
attractive proposition and usually allows up to twelve months before you would consider possession
of your brand new home. This also indicates that your investment will appreciate in worth fairly quickly
or there will be plenty of opportunity to book your home when you are not really using it. The most
lengthy and perhaps enjoyable job will be traveling around the country trying to decide where you
would like to negotiate and spend your future leisure time.
Foreigners enjoy the same privileges as Costa Ricans when purchasing land and properties. This
means that you can own the property outright in your own name or in the name of a corporation
formed by a local attorney. The only advantage to the organization is beneficial tax laws on any
leasing income or in the situation of joint possession and future purchase of the property. Property
taxes are very low in Costa Rica at one quarter of one per cent at the.g. Annual fees for a
$200,thousand home would be only five hundred dollars annually. Also, most condominium fees are
less than what we are used to in Canada. When you are trying to find your home it is best to possess
your financing arranged before you leave Canada where interested rates are likely to be more
favorable. However , it is possible to arrange local mortgages if your credit rating is satisfactory.
Generally after making an offer on a property closing is within thirty to sixty days and also the full
purchase price is required at that time. In the case of some new developments such as Tico Time's
Prada del Sol much of the job can be handled in Canada through their Canadian agent.
This is a country of unequaled beauty, with friendly people, a high standard of living and a deep
concern for the preservation of the natural environment. It is well known for the importance it places
on peace , education and democracy earning it the reputation as the "switzerland of Central
America". In 1949 the government eliminated the army and allocated all will be military expenses to
education and health care ensuring the future social wealth for all citizens. While the roads and some
of the infrastructure are somewhat primitive, the natural charms of this tropical paradise stay
untouched and unspoiled.
The immigrant neighborhood is well established in the capital city of San Jose, the seaside resort at
brother Antonio National recreation area and in several other cities throughout the countryside. It's
definitely a place that's attracting attention from many tourists and future growth of local businesses is

3. almost guaranteed.
All of these elements combined together explains the booming real estate market and why Costa
Rica is one of the new choices for investment and possible long term retirement plans. Visit for a
holiday and you'll understand the magic of this tropical paradise and why the Ticos are such a happy
people.
lawyers in Costa Rica