...Real Estate & Investment
Over the past 20 years, Costa Rica tourism has grown fourty-fold from 50,000 overseas visitors per year in 1987 to almost three million per year in 2009.
Tourism now accounts for more than 20% of Costa Rica’s exports (almost 10% of GDP), and it is now the #1 industry in the Costa Rican economy. This is particularly so in the Pacific northwest, which has grown exponentially since the opening of Liberia International airport in 2003. Now with more than 60 direct flights from North America into Liberia each week, the Government is projecting solid tourism growth in this part of the country well into the future. Newly paved roads, PGA golf courses, excellent private schools, first-rate medical services, and massive investment from the International hospitality industry have all been contributing factors.
Real estate market growth has mirrored tourism growth. In a Government survey, more than 8 out of 10 tourists visiting Costa Rica indicated they would return within a year and 4 out of 10 indicated they were interested in purchasing property in Costa Rica. Since the opening of Liberia airport in 2003, the real estate market has been particularly strong in the beach towns near the airport and property price escalation is quickly moving south. . The escalation of property prices is being driven by the continued development of infrastructure fueled by the tourism oriented Costa Rican Government.
Playa Azul real estate is some of the most sought-after property in the Guanacaste region of Costa Rica. Guanacaste is the most popular area of Costa Rica for tourists and foreign residents, and the unspoiled culture and nature is second to none.
Costa Rica is very desirable location with a warm and temperate climate, beautiful scenery, and friendly locals.
Costa Rica is a stable, peaceful country. Costa Rica’s strong and long-lasting democratically elected government has given the country the nickname “the Switzerland of Central America”.
Costa Rica property rights are well-protected. In Costa Rica, the legal rights of a land purchaser are rock solid. Foreigners have all the same legal rights to property ownership as Costa Ricans. Further, Costa Rica property is valued and purchased using US dollars, and American title companies such as Stewart Title and Chicago Title provide binding title insurance for property in Costa Rica.
Costa Rica abolished its army over fifty years ago and re-appropriated these funds to education and health care. The literacy rate in Costa Rica is 96%, and state-run health care facilities are available to every resident (including resident foreigners). Costa Rica is also renowned for its world class private health care facilities, making it a magnet for foreigners wishing to live abroad. In addition to the public hospital system, Clinica Biblica a major private health provider, is looking to spend tens of millions of dollars in hospital services in Guanacaste (Liberia region).
Over 10,000 Americans and Canadians are retiring each day. Many wish to retire to a warm, friendly, safe place that is close to their home country. Costa Rica fits the bill perfectly – and it regularly receives favorable international press coverage touting its many attractions for retirees.
5 M Sur DE Marbella, GU, Santa Cruz, Costa Rica
Phone: (506) 2682-8225
5 M Sur DE Marbella, GU,