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Stable and democratic country
Costa Rica has had decades of peace thanks to its democracy. Its stability and economic growth have been translated into important social achievements reflected mainly in health and education. These characteristics that has distinguished Costa Rica through its entire contemporary history has been crucial in its success of attracting tourism and investors.
Strategic location, easy Access
Costa Rica is located in Central America just north of Panama. A direct flight from Miami FL to San Jose (the Capital) takes about 2.5 hours. It is easily accessible from almost anywhere in the States and Canada and is served by major U.S. airlines: American, Continental, United, Delta, Northwest, US Airways, and others. Costa Rica has two international airports, both have been approved Class 1 by the Federal Aviation Administration of the USA.
Costa Rican real estate is just beginning to boom
Costa Rican Real Estate Market is booming now. Unlike Florida and other markets in the US that may have reached their highest point, Costa Rica has just been “re-discovered” by a few that are enjoying this beautiful place while their investment appreciates 20% or more per year.
Health indicators of a developed Country
Costa Rican lifespan reaches almost 80 years, the excellent medical care, the relaxed life style of the “ticos” and its marvelous template climate contribute to make it one of the hottest destinations for both, tourism and residents.
Low Taxes
Property taxes in Costa Rica are comparatively much lower than in the US. High interest bank accounts are also tax-free.
Affordable cost of living
Lower costs of food, utilities, entertainment and hired help united with a favorable exchange rate, enable many North Americans to live a much higher life standard in Costa Rica than what they would be able to afford with the same amount of money in the US.
Real Estate Ownership laws
Unlike Mexico and many other countries in Latin America, Costa Rican laws do not discriminate against foreigners or non-residents in the purchase and sale of real estate. Titles to real properties are registered in a government title office in the purchaser’s name. In fee simple.
Secure Title
“Insurance” is reserved for the state owned monopoly, INS. However, Stewart Title Guarantee SA offers a financially backed guaranty of the status of your title. Title guaranty is a private contract of indemnity between a purchaser and a title guaranty company that protects the beneficiary of the guaranty from issues that may affect the title to the property, issues like liens, encumbrances, fraud, hidden heirs, or improperly executed documents. |
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