Everyone knows that you can build wealth and make money fast in real estate but much of the property in North America and Europe is expensive and doesn't offer huge growth potential.
Here we are going to look at overseas property, that's cheaper and has better growth potential.
Americans are buying in record numbers in this country and making up to 100% annually on their investment.
The country is Costa Rica
Why are Americans buying in record numbers?
Quite simply ocean view property here is up to 70% less than in the US and with the thirst for beach front property investors are buying in huge numbers.
What is the profit potential?
Buyers that purchased $30,000 of property in the town of Jaco 15 years ago are now worth as much as $780,000.
The Marriot Corporation who own the Los Suenos Resort, pre sold 50 condos of 2000 square feet for $250,000.
The next year Marriot sold another batch at $350,000. The next year units were sold at up to $850,000
Why are these gains likely to continue?
There are several reasons:
1. More people than ever are retiring to Costa Rica to get a cheaper more affordable standard of living.
2. Costa Rica is beautiful and many people are buying second homes here.
3. The Government makes it easy, by giving the same rights as local residents as well as keeping red tape to a minimum.
4. An investment in Costa Rica property is extremely tax efficient and property tax is low.
Is it cheap and easy to invest?
Property is affordable risk is low and profit potential is high and the factors above that are driving property prices will continue to do so.
Where is a good place to buy?
As we know the key to any property investment is location and the best location in Costa Rica is the area around the town of Jaco on the Central Pacific coast.
This area is popular with both domestic and foreign buyers and property values are increasing.
You have a beautiful area with great infrastructure not far from the main international airport for easy access.
Buying in this area around new developments and expanding infrastructure can give huge profit potential.
Costa Rica is an established overseas investment location and the government is stable and democratic and they have made investing in property easy and potentially lucrative.
Investing Is Easy
You can of course invest yourself or you can take advantage of several specialist realtors who can help with you select the best locations and the best properties for your budget.
Costa Rica property investment can yield handsome rewards for savvy investors so take a look and you may be glad that you did.
