Why invest in Costa Rica

In anticipation of an international real estate investment perspective, Costa Rica draws together many essential factors to maximise, in a secure way, your return on short and long term investment . Theses factors are:

• Its political stability
• Its economy force
• Its foreign investments dynamism
• Its touristic growth
• Its real estate force

Take no chances and invest in a booming economy. Let you be carried away by the prosperity wave and touristic dynamism of Costa Rica!

Political stability

• Security is one of the first criteria to consider when it comes to investment. According to the reputable World Bank (2007), Costa Rica ranks first of all Latin America countries on this aspect.
   
  
• Costa Rica’s government, cabinets and financial institutions are in harmony with North America. That explains why more than 100,000 Canadians already are Costa Rica landowners.

Economy force

• Costa Rican’s economy is booming. Unlike North America’s countries where poor grow poorer, in the last 20 years, poverty decreases from 40 to 20%.
  
  
• Educational system is universal, free and mandatory.
  
  
• Costa Rica has 4.4 millions inhabitants and one of the highest literacy rate in Latin America (96%, according to CIA Factbook of February, 2007). The result was that after a few years, the country went from an old economy to an economy of high technology which would catch attention of the biggest company in the business: Microsoft, Intel, Unisys, Oracle, Acer, GE, Abbot Laboratories, Bridgestone/Firestone and many more.
  
  
• Costa Rica is becoming the new Silicon Valley of Central America.
  
  
• Health system is amongst world best.
  
  
• According to the Coalition for Development Initiatives (CINDE), the average for annual economy growth is more than 7.9% for over 25 years.

Foreign investments dynamism

• The pulling power of foreign investment in Costa Rica is significant. These investments are in a variety of fields which reflects a modern economy:
   
  

  1.Agriculture	4.5%
  2.Commercial	3.9%
  3.Industrial	29.6%
  4.Services	4.1%
  5.Financial services	23.4%
  6.Tourism	9.0%
  7.Others	25.5%
  _________________________________________________
  Total:	100%

• These investments come from many countries :  

  1.United States	47.3%
  2.Europe	8.6%
  3.Central America	4.5%
  4.Mexico	4.2%
  5.Others	35.4%
  _________________________________________________
  Total:	100%

                           

Central bank of Costa Rica

• In the 2006 report on "Global competition", Costa Rica is one of the first countries according to the Technology index which depends on innovation quality, capacity of taking on international technology and exporting goods with high technological content.

The same report places Costa Rica as the second most competitive country of Latin America.

Touristic growth

This Central America country at the North of Panama is favoured by its geography. Costa Rica is tourism-oriented because of its magnificent landscapes, its mild climate, and on one side, more that 200 km of Caribbean sea coast and on the other, more than 1,000 km on the Pacific Ocean. Costa Rica is a booming tourist paradise with its interminably beaches of fine sand and an average water temperature of 27^oC.

• Annual touristic growth rate is 7.1%.
   
• More than 1.7 million tourists and 315 million of cruise passengers per year.
   
• Tourism bears 1.6 billion dollars yearly.
   
• The number of rooms increases of 4.5% each year.
   
• Costa Rica represents only 0.03% of the planet geography, but 6% of worldwide biodiversity which makes it an ecological country at its best.
   
• Protected national parks represent 25% of the whole territory.
   
• According to Future Brand company’s classification, Costa Rica features in the top 10 Blue Ribbon Panel of worldwide environmental destinations.
   
• The country has hotels of all classes, resorts, more that fifteen golf courses and half a dozen wide marinas.

23 airports serve Costa Rica amongst which two international ones that allow world-wide airlines.

Costa Rica's real estate force

• The development of real estate industry in Costa Rica is driven by worldwide baby-boomers important migration that is starting to happen. They are looking for a calm and secure place, where their money can grow and they can have a comfortable lifestyle in an ideal climate.
   
• Tourists’ inflow is as the hotel business can not provide for. Even the most important hotel chains are starting to implant. The last one planned for the beginning of 2008 is the Marriott .
   
• In the last few years, real estate business increased of 20% and more yearly.
   
• In 2006, according to Costa Rica central bank, 25% of foreign investments were coming from real estate companies and was considered the most important contribution in foreign currency. This is mainly caused by the actions of a government that favours foreign investments.
   
• Real estate is still really affordable and has a low tax rate.