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Fortunately, now there are even more secure investments
available in Costa Rica. The hot investment area is real
estate on Costa Rica's spectacular Pacific Coast. According
to a recent article in the country's, financial daily, La
Republica, property
in the Central Pacific coast has risen 250% in value over
the last six years. Furthermore, with the paving of two new
sections of the Costal Highway, the driving time between the
country's capital, San
José and the nearest beach resorts will be reduced in
half. The first stage of the new highway will link Ciudad
Colón in the Central Valley to the town of Orotina near the
Central Pacific Coast. The other section of new highway will
link the towns of Quepos
and Dominical to the south. Furthermore, there are plans for
a major marina in Quepos, a water park with artificial waves
between Quepos and Dominical and a new international airport
in the town of Palmares. All of this will combine to make
result estate values will soar even more.
As an example of this boom, the Marriot Corporation
built its crown jewel of Central America "Los
Sueños
Resort" and pre-sold 50 condominium units of 2,000
square feet each for $250,000. The next year they sold
another 50 at $350,000 and this year's upper-end units
sold between $450,000 to $850,000. And there is a waiting
list!
South of Jaco
Beach at the Del
Pacifico development, the owners say investments will
yield at least 25% to 30% in yearly appreciation. Obvioulsy
this area is the place to find secure investments with a high
rate of return. Liquidity is not a problem since land is in
demand.
Let us look at why this real estate boom is happening. The
simple fact that almost every bit of coastline worldwide is
becoming over- crowded, over-priced and more scare contributes
to a high level of interest Costa
Rica's beach areas. The U.S. National Association of Realtors
says Americans are buying second homes in record numbers,
thus driving up the cost of vacation homes everywhere in the
country. A recent newspaper article stated one in every seven
people in the Untied States now lives in areas bordering the
coast. This trend is driving the great migration of Baby Boomer.
As a result, land in prime sunbelt areas of the U.S. have
become prohibitively expensive and hard to find. This is not
the case in Costa Rica.
Savvy people with a thirst for adventure, fun and profitable
investments are now taking a closer look at Costa Rica. Actually,
an investment in real
estate in Costa Rica's Central Pacific is much better
than an investment in California real estate 30 years ago.
Along Costa Rica's Central Pacific Coast you will find wide
white and dark sand beaches, rocky outcrop and clear water
set against a tropical backdrop of primary rain forest. The
beaches are reminiscent of those in California and Hawaii,
but you can buy here for one-tenth the cost. For a very reasonable
price you may purchase a couple of acres of land with an ocean
view. You can have a spectacular home perched on a hill, complete
with custom tiles, and finished in mahogany, teak and precious
woods you never knew existed. The geography looks like California
or Hawaii years ago.
Getting in before the crowd has always been the secret to
making a lot of money with real
estate investments. People who took a chance and invested
in real estate in beach property in California, Hawaii and
some parts of Florida were ahead of their time. They saw opportunity
where others saw nothing. They took well-planned risks and
were paid handsomely for their investments and created better
lives for themselves and their families. What really gets
people excited about Costa Rica is that it offers some of
the most undervalued prime beach real estate in the world.
As the rest of the world finds out about Costa Rica, prices
will only go up.
By the way you can legally use your pre-tax IRA to purchase
real
estate in Costa Rica. The company listed below can help
you with this. Depending on your particular situation, they
also have the contacts to help you obtain partial financing
in Costa Rica.
To find out about these exciting investment opportunities
contact: Retirement and Vacation Properties at E-mail or
call toll free from the U.S. or Canada 1-877-581-1786. You
may view some of these incredible properties at: Costa
Rica Real Estate Retirement Vacations Properties.
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