After simmering for years, the Costa Rica real estate market looks primed to blow up and is one of Lawyers Realty International’s top targets. Read on for an in-depth look at the country’s North Pacific Coast, a hub for some of the finest luxury real estate investment properties in all of Costa Rica.
LRI’s Quick Hits:
- Excellent investment areas are about a one-hour cab ride from the recently renovated international airport.
- Foreigners can buy titled property on a tourist visa.
- With planned infrastructure improvement projects, investment opportunities may present in underdeveloped areas where road access is currently limited.
Warning Shots
- Knowledgeable legal representation is crucial as the vast majority of beachfront is known as “concession property” with special ownership restrictions.
- Recent tax changes may narrow the profit margins for real estate transactions.
For at least the last twenty years, Costa Rica has been building its reputation as one of the best tourist destinations in the world. Here the adventurous can go zip-lining and stay in a tree-house, and those in need of R&R can have a spa day and eat organic cuisine. But it’s the natural beauties of this tropical paradise that are the biggest draw of all, rewarding visitors with white sand beaches, crystal blue waters, lush jungles, exotic wildlife, and soaring mountain ranges.