Costa Rica is an economically and politically stable country, with a real estate market which investors and industry analysts view as one of the safest emerging international markets. The country has forgone military spending in lieu of healthcare and education and is also considered to be one of the safest countries in Latin America.
From a foreign buyer’s perspective, Costa Rican real estate investments rose by 15-20% annually prior to the economic crisis of 2008. The market has rebounded and Costa Ballena values are projected to rise rapidly over the next few years, with projected annual gains of 5-10% for the foreseeable future. Rental income in Costa Rica also offers high returns, with market demand in the Costa Ballena region currently exceeding supply. Furthermore, Costa Rican property tax rates are extremely low, ranging from 0.25% to 0.55% for multi-million dollar homes. The country also imposes no capital gains tax on property sold.
Additionally, in terms of protecting your investment, the Costa Rican legal system and its real estate laws afford the same treatment and protection to foreign investors as they do to Costa Rican nationals.
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