Residents Hold 'Open Arms' Policy for Costa Rica Real Estate Investors

If there is one thing besides beautiful landscape that Costa Ricans are used to, it’s foreigners. Every year, droves of tourists flock to Costa Rica to get away from the everyday grind. They arrive on Costa Rica land to smiling faces, which always starts a tourist’s vacation off right. While real estate investors often visit Costa Rica more for business than pleasure, the opened-arms welcome from the Costa Rican people is the same. In fact, some might even say that investors are treated better than tourists.

People investing in Costa Rica real estate are given such a warm reception because of what they bring to Costa Rica, which is money. Lots of money! Commercial investors who buy up large amounts of Costa Rica land can spend hundreds of thousands or millions of dollars on their purchase. That’s great for Costa Rica. And you know what? The government even offers incentives to these investors to make the idea of investing in Costa Rica real estate even more appealing.

What’s even better for Costa Rica and its people is that when the developers begin construction on the land, building a new hotel, restaurant, spa or other business, that creates jobs and money for the locales. Then, once the construction is done on the investor’s new Costa Rica real estate, tourists and locals flock to the establishment, where locals are working, and recycle even more money through the Costa Rican economy. This of course, is the best benefit of all of being nice to investors.

The story is similar for individual investors who by Costa Rica land or previously built Costa Rica real estate. Those investors also contribute the growth of Costa Rica’s economy by paying mortgages, buying goods, and using local services. Again, Costa Rica likes this and individual investors sometimes also benefit from certain government buying incentives. So if you’re thinking about buying a couple acres of scenic Costa Rica real estate, stop thinking and act. Costa Rica will be happy that you’re there!

As you begin your investing process, keep in mind that you will need to consider alternative funding methods. As much as you’re wanted in Costa Rica, you will be hard-pressed to find a Costa Rican bank that will provide a loan to you if you’re not already a resident of Costa Rica. This, as well as the fact that there are many other unique laws for buying and selling both Costa Rica land and Costa Rica properties, is why purchasing real estate with the help of a real estate agent, land broker, and / or lawyer who specializes in Costa Rica real estate is highly recommended. With a little help from one of them, you’ll have your property picked out and ready for use in no time!

by David B Lovendahl, Developing Paradise TM

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