With the global increase in remote working, greater opportunities for a decent work/life balance, and the success of the vacation rental industry, more people are looking into real estate options outside of their home country. Whether you’re looking for a new primary base, a vacation home, or an investment opportunity, Costa Rica is one location with a perfect market for foreigners. Wherever you invest in real estate, challenges are encountered, with Costa Rica no exception. However, when looking at the big picture, purchasing real estate in Costa Rica as a foreigner is a highly positive experience.
Why should you invest in real estate as a foreigner in Costa Rica?
There are many reasons why investing in Costa Rica’s real estate market is a great choice and whether you decide to investigate that route depends on your circumstances and what you are looking for. However, there are some leading reasons why Costa Rica is a great country to get into real estate.
Phenomenal Location
Costa Rica boasts an impressive location with a tropical climate, lush rainforests, and spectacular beaches. The magnificent natural beauty of the country is the leading reason why Costa Rica attracts tourism and ex-pats. With short flights from the US, Costa Rica is a perfect destination for a quick vacation to your second home. Alternatively, it is also a great location for a permanent or semi-permanent base with the ease of traveling back for leisure or business.
Convenient Time Zone
A great convenience of Costa Rica is that the country has the same or a similar time zone to the majority of areas in both the US and Canada, making it easy for contact with family, friends and business connections.
Property Rights as a Foreigner
Your rights as a property-owning foreign national are incredible. Once you have purchased real estate in Costa Rica, your investment is protected and the property is fully and exclusively yours.
Thriving Tourism
Costa Rica has a thriving tourism industry, a great opportunity if you invest in real estate to utilize the property as a short-term rental. The short-term rental market is strong across Costa Rica as the country welcomes various travelers looking for a mixture of central and remote locations. Short-term rental properties in Costa Rica have a high occupancy rate, and if your property is of a quality standard, it will have no problem joining the country’s vacation rental market.
Costa Rica ticks all the boxes if you want to invest in real estate overseas. Your investment is guaranteed when you purchase in Costa Rica, and your rights as a property-owning foreign national exceed the rights of many other overseas destinations. Costa Rica is a top investment choice if you’re looking for a new base in a tropical paradise, an idyllic vacation home, or a short-term rental.
Check out Jaco Real Estate for any inquiries regarding investment opportunities or real estate in Costa Rica. Dominique Brousseau speaks English, French, and Spanish!
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