Invest in Costa Rica Real Estate!

It’s a fact that real estate offerings in Costa Rica have never been better, and buyers can choose city/country, riverside/ocean-side, mountains/prairie, busy/laid back, expensive/economy. What would you prefer? Here are some facts for you to consider.

You can choose from million-dollar homes in affluent Central Valley towns like Escazu, to family villas with glorious beachfront views, to plots of old rural farm land that can be turned into the ideal remote getaway. It all depends on what you’re looking for. Here at la Pavona Farm Land Estates we offer a very unique setting, instead of buying a expensive house with only 300 square meters area for a million dollars, get 12 acres for $250,000, develop a nice house with a swimming pool for another $200 000 (very nice house) , help protect nature, ride a horse every day in a safe environment, and live or just have vacation at a tranquil place in the middle of the tropical forest but yet just 20 minutes drive to main towns in the Central Pacific coast of Costa Rica, close to everything, still apart, exclusive, but yet affordable.

Please also consider some of the facts that make your investment safe in Costa Rica today, in economical crisis times, nothing better than putting your money on a safe real estate investment:

Economy Stability

While the world economy has been dropping down, Costa Rica’s has shown a very interesting behavior because, even though it’s still affected by the world’s crisis, the country has been able to achieve a relative stability in its economy and in the national finance system. There are several factors that help support this stability. Such factors are not only economic, but also political, cultural and even moral that make the crisis more manageable. Also as a social democratic country the government employs most of the working forces on its different institutions, generating a very very stable middle class. Government collects from insurance, telecom,water supply and electricity making it relatively rich country.

Costa Ricans’ Life Quality

Compared to the rest of Latin America, Costa Rica is within the highest Indexes of Human Development – this in regards to Health, Security, Culture and Environment. The Economist Intelligence Unit (EIU) shows San Jose in the third place of the cities with the best life quality of Latin America, and number thirty-five among eleven countries from all over the world.

According to the Human Development Report established by the United Nations, Costa Rica registers an index of 0.847, and it is recognized as an increasing development country. In Latin America, only Chile, Argentina and Uruguay are over Costa Rica’s index.
According to the latest information provided by the National Institute of Statistics (Instituto Nacional de Estadísticas y Censos), the poverty level in Costa Rica is 16.7%, level that has decreased in the past few years as it was approximately 20% before.

The natural beauties and the national culture oriented towards the protection of the environment, have turned Costa Rica into one of the favorite tourist destinations worldwide. According to the Foro Economico Mundial (FEM), Costa Rica owns the first place in Latin America as a tourist destination, and fourth all over the American Continent, right after USA, Canada and Barbados; this among 130 countries that were evaluated.

Political Stability

Costa Rica has one of the most consolidated democracies of the world. The most important fact started with the abolition of the army in 1948, and as a consequence, the political force cut down the investments in weapons; so the highest investments were moved towards education, health and protection of the environment among others, which transforms the “tico” culture in people that love the values oriented to peace, democracy and the protection of the Human Rights and the environment. In this way, this investment brings a better equilibrium in the finance and public investments that result directly in a better life quality, and socio-economic equilibrium.

Access Roads in Costa Rica

One of the most important factors in Costa Rica, for tourists and foreign investors, resides in the easy way to get to any area in the country. The national territory is relatively small; 51,100 km2, divided in seven provinces/states; all of them with easy access and intercommunication by land, air or water.

The transit of imports and exports in Costa Rica has the advantage that the country has two Oceans, Pacific and Atlantic: both have a port for marine transportation, with efficient transit of merchandise. Both ports have started a process of modernization and improvement of their services that, in a short-term period, they will achieve a competitive level with international standards of quality. Nowadays, all kinds of ships and large vacation cruises arrive to both ports.

Likewise, Costa Rica has good roads that go throughout the national territory: easily, you can admire an opposite landscape: beaches, mountains, rain forests, city, after a few hours traveling because the distances in between cities are relatively short.

Public transportation is efficient, you can access any part of the country through public transportation and also hiring private services or rental cars.

Better conditions for Real Estate purchase and development

As a consequence of the economy crisis, the sector of the construction and the Real Estate have both experienced a contraction: the reason is more for precaution rather than lack of money. Due to this fact, the sector of construction and Real Estate have decided to decrease the price of land, houses and buildings between a 10% and 15%. Likewise, Real Estate developers and brokers have established strategies to favor clients, such as better payment plans. Also, the Costa Rican Chamber of Real Estate Brokers has started a strategic definition to benefit the foreigner investor.

On the other hand, the local banks have opened favorable and flexible alternatives for mortgage credits, due to the fact that there is a wide variety of deals with attractive conditions.