Strong Economy Boosts Costa Rica Property

The Costa Rican economy is going from strength to strength in a sustainable way according to the latest reports from the International Monetary Fund, and the nation is on target to exceed predictions of GDP increases in 2006 reaching 6.5% by the end of the year.  The positive news is boosting overall investor confidence in the nation and property in Costa Rica is a sector attracting increased foreign direct investment as a result.

The International Monetary Fund herald the commitment of the Costa Rican government to the establishment of a free trade pact with America as well as their sustained spending restraints as giving rise to international confidence in the country.  This confidence is becoming apparent in the amount of FDI that is flowing freely particularly into the real estate sector of the economy in Costa Rica.

Property investors from a variety of backgrounds are attracted to the wealth of opportunity currently present in a country with low land and building costs and where tourism and retiree interest is growing annually.  Targeting this interest are a number of developers from countries such as the US who have begun creating residential and commercial communities for tourists, retirees and those in search of a second home overseas.

One area of Costa Rica that has been set aside specifically for tourism development is located close to San Jose, the capital city.  This particular zoned area has been so popular that developers have been fighting over lots and the largest section of land so far has been sold to Thunderbird de Costa Rica which is a subsidiary of US based Thunderbird Resorts for the creation of one of the most luxurious casino resorts in the world. 

Thunderbird de Costa Rica already operate a series of casinos in the country and have made this further commitment because they believe that the nation is becoming one of the most popular emerging countries for investors, second homers and tourists.  Their belief is upheld by a company called Estate Realty who have just released the first multi listing site for Costa Rica where buyers, sellers and developers can finally all come together and market, browse, promote or make appointments to view property in Costa Rica.

The creator of Estate Realty saw a gap in an ever broadening market for the mass marketing of property as an investment commodity in Costa Rica because increasing numbers of business people, developers, corporate investors and individual buyers are looking for property related opportunities in Costa Rica.

Since the launch of the company’s website traffic levels have been strong and already the site’s users are heralding the development of such a centralised and useful property related resource.

The strength of the Costa Rican economy is being further improved by strong external demand according to the International Monetary Fund’s report, and the favourable conditions the nation has created for investment.  It seems that everyone in Costa Rica is pulling together for the economic development and overall improvement of the nation and that the efforts are not going unrewarded.  Costa Rica is a property hotspot and will likely remain one for a long time to come.

Special Reports: Property News for Costa Rica

Costa Rica Real Estate Investment Potential
Growing tourist and retiree markets together with government incentives make Costa Rica an attractive country for real estate investment currently

Costa Rica for Real Estate Investors
Investment into Costa Rica's real estate sector surges as investor confidence in the country grows.

Costa Rica Real Estate Purchase Process
Purchasing property in Costa Rica is a straightforward process but an investor should be aware of certain restrictions and risks