C.R. Ranks in Top Five in World Real Estate Market
The grass may always seem greener on the other side, but when it comes to real estate, Costa Rica might just be the "other side* the rest of the world is looking at. Last year, the U.S. Central Intelligence Agency World Fact Book ranked Costa Rica is one of the five countries that stand *head and shoulders above all other nations worldwide in terms of the potential their real estate markets present property investors.* The other four countries listed in the top five were Ghana, Malaysia, Qatar and Turkey.) The book also listed Costa Rica as a *Central American success story,* because the Costa Rican government has successfully established an *economically and politically stable country in which more overseas investors are focusing their financial interests.*
Industry professionals say Costa Rica is competing internationally as prime real estate and is in for a boom with overseas investors for approximately the next 10 to 15 years.
Within the world market for beachfront property, Costa Rica is still relatively inexpensive. Beachfront property on the southeast coast of Florida in the United States costs double and sometimes triple its Costa Rican equivalent, and Costa Rican beach real estate is far less expensive than in other popular tropical destinations.
Costa Rica is booming, and flights are full – with the stable infrastructure attracting would-be expatriates from around the world. One of the main reasons Costa Rica has become such popular destination is that the baby boomers* retirement years are coming up and many of them, especially North Americans, are eyeing a slice of heaven coast. The attraction to Costa Rica rather than Nicaragua or other Central American locations is the pre-established infrastructure. Also, the time-zone comparability with the United States, with a difference of only an hour or two, helps draw a crowd.
– Excerpts From The Tico Times Article, 2007
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