 The North Pacific coast of Costa Rica is a popular location for both real estate investors and people who just want a vacation or retirement home. The beach communities such as Playas del Coco and Playa Hermosa are a perfect investment spot for many reasons. The climate is consistent and actually drier than other tropical regions. The beaches are beautiful and the wildlife and activities are abundant.
The roads around the areas are newly paved and kept up, and the international airport is only a 25 min. drive.
The Northern area has been labeled as a luxury destination thanks to the development on the Papagayo Peninsula which is just across the bay from Playas del Coco and the other beach communities. The Four Seasons Resort opened in 2004 which boasts a golf course designed by Arnold Palmer Design Company with breathtaking views. Exclusive Resorts opened not long after that and the Papagayo Marina is open and being utilized. Plans for other five star hotels are in the works for the area as well.
But not just large investors are attracted to the area. People of all walks of life are purchasing vacation homes or even planning to retire here in Costa Rica. The cost of living is lower here than many areas in North America and property taxes are very low. Another big draw to purchase property here is that foreigners can own Costa Rican property. Unlike Mexico, local laws here allow foreign ownership of property. Property can be purchased under an individual name or a corporation created here. It is essential to find a trustworthy real estate agent, lawyer, or title company for real estate investment. Asking around the community is a good way to find trustworthy individuals.
There is no doubt that purchasing property in Costa Rica is an excellent investment.
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