Is worth buying property in Costa Rica?

Thousands of tourists after visiting Costa Rica fell in love with the idea of ​​living in this country. Buying a property becomes a wonderful alternative. Nevertheless, many foreigners ignore or may not want to see that it is much harder to sell than buy.

You just need to make a trip around the country and see all the properties that have a for sale. If you so you will realize that am telling is the true. About 25 years ago you could buy a good home for at least $ 20k USD, now the same house can cost between $ 150-200 USD.


Why so hyped up? You may ask ... There are at least three main reasons for the increase in property in Costa Rica.

The first has to do with foreign investment. The baby boomers begin to retire to Costa Rica and many end up paying the same price as in the United States for their properties and therefore, the value of the property multiplied rapidly. This generation of baby boomers born in the late 40's and 50's, ... lives in Costa Rica unfortunate, where charged way more than the real value at the time and this made it bad for future buyers thus pushing the price way up.

Another reason why the price of a property is higher; it is because there are many companies that thanks to the free-trade agreements with Costa Rica have established themselves here.
Furthermore, Costa Rica is a tourist country. There are many hotels and resorts that bought at exorbitant prices so to recover the investment and in order to make money, they charge tourists for it.
The third reason is inflation. Costa Rica even before the eighties had not experienced strong inflationary processes, the prices were quite stable.

However, since 1980, the inflation rate exceeds 10%, reaching 18.12%. In 1982, inflation reached the country's worst crisis since the inflation rate increased by 90.12%, and since then the annual percentage change in CPI has hovered between 10% and 25% per year.

http://www.auladeeconomia.com/articulos12.htmEvery


Many investors think before buying, They calculate the consequences as well as the costs. It is extremely important if you plan to buy a house in Costa Rica or any property with the idea of ​​selling in the near future to realize that it will not be easy to recover your money as fast as you would like. It will take a while to do so.

Let me know your opinion is worth buying property in Costa Rica?