Costa Rica Real Estate Boom
The U.S. National Association of Realtors says Americans are buying second homes in record numbers, thereby driving up the cost of vacation homes everywhere in the United States. In fact a recent newspaper article stated that one in every seven people in the United States now lives in an area bordering the coast.
The simple fact is that almost every bit of coastline property world wide is becoming overcrowded and overpriced. This scarcity has contributed to a high level of interest in Costa Rica because it is still very cheap in comparison to the world market.
Coastal real estate values in North America, Europe and Asia have reached epic proportion pricing most buyers out of the market. You now have Americans and Europeans buying Costa Rican property in record numbers. This movement of property in Costa Rica is very similar to what happened in California and Hawaii 30 years ago. The exposure that Costa Rica has received over the last decade has exploded. As in any situation with demand outpacing supply the results are always higher prices. Imagine the ability to position yourself before the next real estate boom. If you are a visionary we believe Costa Rica real estate has a lot of simila-rity to property values 30 years ago in the U.S., offering an investor the perfect balance of low risk and high potential reward at affordable