Costa Rica Real Estate Around the World

Costa Rica as a source of investment real estate property has experienced a tremendous boom in popularity over the last few years, as it is an ideal area for those who intend to buy and sell real estate that is forecasted to appreciate in the near future. The Pacific coast of northern Costa Rica, the province of Guanacaste, has visitors flocking in by the thousands to select property that is still similar to the pristine and virgin tropical islands of centuries ago, but for the vast development and settlement of mankind. Although it takes five hours to drive to the area from the nearest airport in Liberia, an open-air warehouse with a poorly built corrugated tin roof featuring no climate control whatsoever, the area has experienced an incredible boon in interest in local real estate from developers and vacationers as well as those planning to purchase real estate for retirement purposes.

The target of all this activity is aimed squarely at the baby boomers of America's affluent generation, as hotels and developments springing up all over Guanacaste, luring the American baby boomer and their large amounts of discretionary income. Three major developments are under construction selling condominiums for half a million dollars and a tremendous amount of smaller and less ambitious projects are also undergoing construction in the area. Less than three years ago, the Liberia Airport began to feature direct flights from the American mainland and less than 50,000 flyers arrived in Liberia from the United States that year. 300,000 travelers visited the area from the United States in 2005, indicating that the local real estate and community is experiencing a tremendous boon. The region traditionally has been home to backpackers and hikers willing to endure the harsh track into no man's land to visit the area and its exceptional surfing and environmental beauty.

The recent popularity in Costa Rican real estate as an investment vehicle has a lot to do with the loose and liberal ownership privileges in the nation, as Costa Rica features the longest surviving democratic government in Latin America and is very friendly to land ownership and has a policy of direct land ownership for property buyers and owners. The odds of having your real estate holdings appropriated by the government are nonexistent in the area due to the generous citizens rights and land ownership regulations of the area.