Posted by: Daniel R | June 11, 2009

Top Ten Reasons To Buy Real Estate in Costa Rica

Samara Beach

The article below was published on the Coldwell Banker Costa Rica Real Estate Magazine. It is a great piece of information if you are thinking or planning to buy real estate in Costa Rica.

1. LOCATION, LOCATION, LOCATION

Costa Rica is among the most highly sought-after tourist destinations. Its strategic position in the heart of the Western Hemisphere, infrastructure, access to international markets, labor quality and cost, as well as its government’s positive attitude towards foreign investment, make Costa Rica and ideal setting for retiring, investing, or living. Costa Rica’s natural and geographical diversity provides sound options for a wide range of luxury, retirement and vacation homes.

2. THE VIEW YOU WERE LOOKING FOR

Costa Rica covers 19,730 square miles (51,000 km2), and though it accounts for only 0.3 percent of the world’s land area, it contains 6% of its biodiversity. Whether you are looking for an ocean, city or mountain view, there is something for everyone in Costa Rica.

3. OWNERSHIP RIGHTS

Unlike in Mexico and other countries, the Costa Rican government allows foreign investors to hold fee simple titles. Local banks make financing  available to qualified buyers. Title insurance also is available.

4. POLITICAL STABILITY = SAFE INVESTMENT

Costa Rica has a long democratic and world renowned tradition, which has more than 115 years of history. Such respect for political and peace processes was evidenced by the abolition of the military in 1948 and acknowledge internationally in 1987 when then-President of the Republic, Oscar Arias Sanchez, was awarded the Nobel Peace Price.

5. WHEN THE TOURISM INDUSTRY GROWS, SO DOES THE REAL ESTATE INDUSTRYPlaya Blanca, Puntarenas

Leading brands such as Four Seasons, Saint Regis, and Marriott have chose Costa Rica for its great potential to attract foreign investment. The U.S. is among the countries most interested in investing in Costa Rica. Tourism is the main economic activity in Costa Rica. The country receives around 1.6 million tourists annually, which generates around $1.6 billion in earnings.

6. STRATEGIC LOCATION

Three hours from the U.S.: Costa Rica is located in the center of the Americas, with two major airports providing excellent international access. Most citizens from the U.S., Canada and countries in Europe do not need a visa. Seventy-six per cent of passengers arriving at the Daniel Oduber Airport in Guanacaste are North American, providing the primary market for the developments in the area.

7.  COMPETITIVE CONSTRUCTION COSTS

It’s relatively easy to develop in Costa Rica. A good work force comes at a fairly low cost compared to that of the U.S. Construction costs in the U.S. could be more than 50% of those in Costa Rica. in some expensive areas the difference could be well over 100%.

8. LOW TAXES

Under Costa Rican tax law, you must decalre the value of your home to the Costa Rican Municipal Government every five years. An annnual rate starting as low as 0.25% is charged calculated on the declared land and house values combined. Owners of homes within the Maritime Zone or of concessions near the national parks pay property tax only on the value of the house, not the land itself. For example, property taxes on a home in Dominical (Southern Pacific) outside the Maritime Zone, with a combined land and house value of $300,000, would be approximately $750.

9. EXCELLENT QUALITY OF LIFE

Stability and economic growth reflect relevant  social achievements. Among them is the reduction of poverty from 40% to 20% over the last 20 years. In addition, Costa Rica has achieved the highest education and health levels in Latin America and has been able to provide the population with wide access to health services, security, potable water, and basic public services. Costa Rica’s literacy rate of 95.8 per cent is comparable even to those of highly developed countries, and the workforce is becoming increasingly bilingual.

10. YOU HAVE A PERFECT PARTNER IN COSTA RICA

Coldwell Banker offices in the country can guide you with confidence to your dream investment in Costa Rica. We provide clients interested in Costa Rica real estate with the resources they need to insure that the process of investing in or purchasing  land or a home runs as smoothly as it would in their home country.Bagaces Waterfall, Guanacaste

Posted by: Daniel R | June 4, 2009

Soccer Tournament – Summer 2009

Costa Ricans are big into soccer. Most of us received our first soccer ball before we could walk. I remember when we were in primary school we would use anything from a soccer ball to a paper ball we made during class or even an orange to play some soccer or “futbol” during our breaks.

Soccer can unite the country when the national team plays. Costa Ricans will watch any game from Costa Rican soccer to European soccer. Every game is a good excuse to sit down and relax watching soccer; even if the teams that are playing are from a different country.

This past Tuesday May 26th, there was the national championship final game. It was not a tipical game because for the past 16 years either of the two bigger teams in the country, Saprissa and Alajuela, or both have played the National Champion serie. The final is played at two games one at each team’s home stadium.

For the first time in in 16 years neither Saprissa nor Alajuela played the final game. It was played in between Heredia (they won their last championsip in 1993) and Liberia Mia (the team was bought in 2007 and had never won a national title). This game had another interesting fact about it; Liberia Mia is owned by a business man from Costa Rica and his mother owns the Heredia team.

The first game of the series was played on Sunday in Liberia and it ended up tied at 0 goals. Heredia came to the second game as the favorite because they were playing at home and they are a more mature team than Liberia Mia. However, things were not as expected. First half ended with a 0 tied. But in the second half Liberia Mia scored 2 goals in 2 minutes to turn the game on their favor. Ten minutes before the game was over Liberia scored the third goal, and not only won the game, but wrote a new page in Costa Rican soccer history.

As we way in Costa Rica, Liberia Mia won the game by “GOLEADA”. This is a word we use to refer to a game won by a team by more than a three-goal difference.

I am a hearted follower of Saprissa “The Purple Monster” o “Mounstro Morado”. However, I was raised in Guanacaste (where Liberia Mia is from). Saprissa has won the last 5 championships in a row and we were hoping to win the sixth one. This did not happen and we have to go look for a new star in December of this year.

Now, with the national championship over, the whole country of Costa Rica focuses on the national team, which we call “La Sele”. La Sele will be playing the world cup qualifiers against the USA on June 3rd and then at Trinidad & Tobago on June 6th.

All I can say as a Costa Rican is that definetely soccer is the KING of Sports and the best game in the world.

Posted by: Daniel R | June 2, 2009

Welcome to a new perspective on Costa Rica Blogging

Ok, so here I am. Seating in front of my computer trying to compose my first blog. I have been hearing about blogging for quite a while, and to be honest, I enjoy reading some blogs.

My goal with this blog is to tell you a little bit about living in Costa Rica. I am somewhat involved in Real Estate in Costa Rica and one of my goals is to tell you what you need to know about Costa Rica. Most blogs out there about my country are written by foreigners who came to live in Costa Rica. After seeing this scenario, I thought: “Why not create a blog about Costa Rica, by a Costa Rican“. That way, you will not only get the exceptional about this country, but also the problems and difficulties we face every day.

I will be trying to cover all sorts of topics from sports to politics, from religion to nature, from tourism to day-to-day living, etc.

I hope you find this blog useful when looking for information about Costa Rica.

Enjoy,

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