Property Investment Case Study: Costa Rica (TPI-CS-001)
Introduction:
Costa Rica has a reputation for being an oasis of calm among its turbulent neighbours, but this is just one of the features that make the country so appealing. The nation has many natural attractions and a reputation for enlightened conservation which draws tourists from all over the world. Successive governments have made a real effort to preserve the country's image as an ecotourism heaven, making Costa Rica one of the best places to experience the tropics naturally and with minimal impact.
Location:
Costa Rica is sometimes referred to as Central America's jewel. A small, mountainous country, It is bordered by Nicaragua on the north, the Caribbean Sea and Panama on the east, and the Pacific Ocean on the south and west.
A chain of rugged mountains stretches across central Costa Rica from northwest to southeast. A few of the highest peaks in this chain are active volcanoes and there are widespread tropical forests on the country's coastal lowlands.
Economy:
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Property Market:
Investment opportunities exist throughout the country. The capital San Jose is a vibrant city and both the Pacific and Caribbean coastal resorts offer all the typical tropical delights. Opportunities also exist in the Central Valley areas such as La Garita. North American investors have been aware of Costa Rica's appeal for many years and so prices are not as low as countries such as Belize. However, the country's tropical climate and environment and its stable political and economic situation mean that Costa Rica is an interesting opportunity.
Examples:
Attractions:
Rain forest is not the only natural attraction. Unsurprisingly for a country which is mostly coastline, Costa Rica has some of the region's best beaches and a year round tropical climate.
Costa Rica is a Central American success story where the rule of law and democracy have become the status quo over the 19 th century. Although still a largely agricultural country, it has achieved a relatively high standard of living. Land ownership is widespread and tourism (especially ecotourism) is a rapidly expanding industry.
Transport Infrastructure:
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Local Mortgage:
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Inflation:
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Economic Growth:
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Sunshine Days:
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Annual Rainfall:
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Temperatures:
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Property Price Inflation:
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Local Currency:
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Cost of Living Index:
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Income Tax:
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Property Tax:
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Capital Gains Tax:
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Buying and Selling Costs:
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Rental Yields:
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Report Compiled By:
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Report ref: TPI-CS-001
Date created: 17-01-2006
