Pavones Real Estate
Costa Rica vacation property could be the best investment you’ll ever make.
Many people are looking at vacation properties as an important part of their investment and real estate portfolio. An offshore property is simply land ownership outside of your native country’s border, and Costa Rica has been attracting investors from all over the world. From 2000 to 2012 foreign direct investment into Costa Rican real estate increased over 500%.
There is real value in having an vacation property close to home, in a tropical location, where it is safe and peaceful while being surrounded by nature and extraordinary beauty.
To be able to get on a flight and return home the same day is a luxury easily taken for granted. Whether you need to tend to personal or business concerns, it is nice to be close. Although, with high-speed internet, video streaming and off-site connectivity, proximity is less and less important as more people are working and living remotely.
Having an tropical vacation property adds all sorts of value. It can be snowing back home, while summer settles in at your offshore property, greeting you with blue skies and sunny days. The savings on heating oil, electricity, clothing, gym memberships and tanning salons can add up.
What is the value of living in a peaceful and safe location? Costa Rica is one of the most peaceful countries on earth. The military was abolished close to 70 years ago. Costa Rican people are conflict-averse, easy-going, and loving. Violent crime is a rarity, especially in the Southern Zone, an area of lower population density.
Terrorist acts are unheard of in this country, and fear is an alien concept. The expression “Pura Vida” is the pure life that takes on many meanings. Along with peace comes natural beauty, not just in the people, the culture, the coastline, mountains, streams, rivers, and beaches, but also in the wildlife, such as brilliant scarlet macaws and monkeys leaping between branches of the trees.
“Look deep into nature and you will understand everything better.” -A. Einstein.
The health benefits of a warm climate, low-density population, absence of stress, plenty of clean air, fresh water, locally grown food and surrounding nature, will be apparent in your daily life. Smiling, exercise, and daily heart stimulation promote long-term health. It is hard to put a value on health and happiness.
Diversification is a key principle of wise investing. An vacation property in Costa Rica will add diversity not only to your investment portfolio, but also in many other respects, such as weather, pace of life, adventure, health, learning, growth, peace and tranquility. Who knows, you may learn to grow your own food, study a new language, collect your own water, ride a wave, catch a fish, and enjoy many sunsets. The diversity of life experience in itself is priceless.
As of today acquisition and sale of a property is free of taxes in Costa Rica.
From an Estate Planning perspective, an vacation property can be shared with family and passed on, where they also enjoy the diversity, nature, peace and growth. It also acts as a backup insurance policy, if things deteriorate worse back home.
It doesn’t matter where you are in your investment career; an vacation property can add value to your portfolio, and more importantly to your life.
