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A good option is what buying Costa Rica real estate is because of many reasons such as high interest investments, low cost of living and property taxes, and tax savings for foreign residents. An excellent tourist destination is what Costa Rica is due to the charming beaches lined with lanky coconut palms, inexpensive housing, and up-to-date medical system. Moreover, to all, even to the foreigners, the ownership of Costa Rica real estate is fully guaranteed by the constitution.
Costa Rica real estate includes properties such as coastal estates, lots, mansions, castles, luxury homes, houses, condos, resorts, hotels, farms, and vacation rentals and these properties can be acquired by a public deed. The Miami Herald had a recent survey and has proved that Costa Rica stands at the position of the 27th safest country for investment, out of the 140 countries.
The following are tips which you can follow in buying a Costa Rica real estate. When consulting your real estate agent, you should define all your needs according to your budget while also knowing all about the basic Costa Rican real estate laws. Make some comparisons with the products and prices offered by various real estate agents right after you check the properties in detail to familiarize yourself with the local market conditions. Don’t forget to make all the documents in writing and register the transfer deeds after consulting a reputable real estate attorney once you are sure about the property that is to be purchased and completing your dealing with the help of your agent and your attorney.
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Understanding the value of location is something you need to do if you are considering investing in Costa Rica real estate. There are some major developments happening in Costa Rica that you need to take into account when planning a purchase and these developments will affect the value of Costa Rica real estate. Shortly, a new freeway will be completed, which will link the large metropolitan areas of the country to the Pacific Coast and will increase the flow of traffic and influence Costa Rica real estate prices in surrounding areas. Next, the largest marina will be completed shortly near the town of Quepos, which creates interest in the surrounding Costa Rica real estate and finally, a new international airport is planned for the town of Orotina. When planning your Costa Rica real estate investment, keep in mind these changes in infrastructure.
In Costa Rica, there are many expert real estate companies serving real estate investors and most of them have their own websites showing pictures and a short description about the properties while providing facilities for you to inquire more about the properties by offering an online question and answer forums.