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Buying Costa Rica Real Estate

Dominical beachMany people have made the plunge and purchased Costa Rica real estate. Whether it's to secure a solid, profitable investment or to fulfill a lifelong dream of owning a home in a tropical climate. Whatever the reason, the market in Costa Rica for real estate is still as popular as ever.

CNBC Costa RicaCNBC says: “Costa Rica has the hottest real estate market on the planet!”

Buying real estate in Costa Rica is often compared to the Mexico real estate market. This is a bad comparison. The stable Costa Rican governent permits foreigners to purchase real estate outright in Costa Rica which is the complete opposite in Mexico. In Costa Rica your land is exactly that...YOUR LAND! Costa Rica is often referred to as the Switzerland of Central America and currently holds the title of "Safest Country in Latin America". The stability of the Costa Rican government is a strong encouragement both for industry and individuals to establish residency in the country.

The areas around the South Pacific including Dominical, Uvita and up and comer, Perez Zeledon, are showing a massive increase in popularity with foreign investors. Investors from all over the globe are scooping up large parcels of land in Costa Rica at discounted prices due to global money markets suffering drastic losses which forces sellers to liquidate their foreign investments at fire sale prices. Prices are expected to rise even higher when the completion of the Costanera Highway takes place in 2009.

House Hunters InternationalHGTV show, House Hunters International, has done two specials on buying a home in Costa Rica while staying within a conservative budget. The opportunities are plentiful throughout Costa Rica to purchase land and build your dream home while staying within the 150k price point. Costa Rica real estate is still considered profitable and affordable. It is not uncommon to see oceanfront properties for under 400k throughout the southern zone of Costa Rica. Here are a couple examples of this.

Don Halbert - Costa Rica Real Estate Agent

Another popular segment of the industry is the Costa Rica Vacation Rentals. Vacation rentals are quickly becoming exceptionally popular and are now in strong competition with the resorts and hotels throughout Costa Rica. And often people considering investing in Costa Rica real estate will opt for renting for three or six months prior to buying in order to familiarize themselves with life in Costa Rica and ensure their possible purchase is the right thing for them.

Dominical Vacation Rentals

As most of you are aware, SellingCR has a sister site that features properties throughout Costa Rica, called BuyingCR. This division of the SellingCR Group is often in the media because of their exclusive listings that no other agencies seem to get ahold of. BuyingCR was first to coin the term "Costa Rica Fire Sales" on the Internet and continues to offer the largest Costa Rica MLS listing database with many heavily discounted properties. There are properties right now offering incredible ocean views, mountain views, close proximity to health care and other amenities like groceries and schools. All under the 100k market. Now where else are you going to find acreage overlooking the South Pacific for that price? Try it and you will quickly see...

The following are some articles on Costa Rica real estate:

Uvita Real Estate

BuyingCR offers what is often referred to as the "Fly and Buy" option whereas your trip and accommodations are on them. You fly to Costa Rica and make a purchase with BuyingCR, they will refund your expenses including airfare and accommodations. With offers like this what have you got to lose? Especially with the Costa Rica real estate market being a "buyers market".