Posted by QuickReadAbout.com Staff in There are few nations that could rival the dynamic country of Costa Rica. From spectacular volcanoes, pristine beaches, a cultured capital, and almost all climactic zones you could ask for, Costa Rica has it all.
If you are looking to buy some property outside your home country, now is the time to do it. And what better to buy than a beautiful Costa Rica property in the wondrously dynamic world of Latin America.
Although Costa Rica has one of the highest standards of living in Latin America, Costa Rica property require lesser purchasing power than in the United States and Canada. And compared to most places, Costa Rica property is a bargain.
The housing, especially, costs less in Costa Rica than it does in the United States. What’s more, hired help is a steal. Utilities, including telephone service, electricity, and water are cheaper compared to those in North America. You don’t need a heater because Cost Rica’s climate is already ideally warm. You also need not use gas, because most stoves in Costa Rica are electric. All these services cost only about 30% of what they do at home. Just imagine how much you can save.
A typical household in the United States can run several hundreds of dollars worth of bills for heating in the winter and air conditioning in the summer. With a Costa Rica property, you can put away a hefty portion of that amount and still live comfortably.
The Miami Herald recently conducted a survey, ranking 140 countries according to how safe they are for investment. Costa Rica ranked 27th while the United States ranked 22nd. And if that is not enough to impress you, Costa Rica has also been found by a separate study to be the least corrupt country in Latin America. Fortune, the U.S. business magazine, ranked San Jose as Latin America’s fifth best city and one of the world’s 25 best cities to do business in. According to the magazine report, Costa Rica’s capital ranked tops in the quality of its labor force, its business environment and the lifestyle it offers resident executives and investors.
A Costa Rica property is the best option for you if you can’t afford to buy a house in the U.S. or Canada. In Costa Rica, homes are available at decent prices, beginning at around $50,000. Moreover, if you become a resident, financing is also available for new homes.
However, if you do not want to become resident in Costa Rica, you do not have to be in order to purchase a Costa Rica property. Non-residents have the same ownership rights as citizens of Costa Rica. The Costa Rican Constitution fully guarantees ownership of real property to all, including foreigners. This, of course, means that you can purchase a Costa Rica property without fear of violating any laws.