Costa Rican Real Estate Market Update: Why Costa Rica is Recession Resistant

The U.S. economic down-turn appears to spell bad news for the Costa Rican real estate market. But the very same factors that negatively affect the U.S. real estate market will actually boost the value of Costa Rica real estate, and even make the market recession resistant. Here’s why:1. Stable Real Estate Market – U.S. investors, frustrated with current market conditions at home, are looking for another market to invest in. Most U.S. real estate investors are somewhat uncomfortable with investing abroad, and have traditionally avoided it. However, given Costa Rica’s friendliness toward foreign investment, its history of stability, and geographic proximity, investors have found an alternative market that meets their requirements.2. Second Homes That Keep Their Value – Many of the second homes located in the U.S. have limited value in poor economic times. They lack many of the features that give value to first homes, like proximity to jobs, schools, and transportation. They also have limited value in the rental market. While a fishing cabin in the middle-of-nowhere has special appeal to its owner, it’s not the vacation spot of choice for the masses. Second homes in the U.S. have traditionally been a way to spend money, not earn it. Second homes in Costa Rica real estate,have the ‘exotic location factor’ that drives throngs of snow-weary vacationers to spend their vacations, and money, within the country.3. Comparatively Low Airfare – The ever-increasing costs associated with travel are reducing the number of vacations Americans take far abroad. Prices of airfare to Costa Rica remain relatively low, given its short distance from most of the U.S. So while far-flung vacation spots suffer, Costa Rica remains a viable option. So viable, in fact, that people find flying here more economically feasible than driving cross-country on vacation.4. Lower Costs of Food and Services – An increase in fuel costs directly relates to higher prices for food and commodities. This, in turn, increases the cost of services provided by the people who eat the food and consume the commodities produced and shipped with petroleum. While it may cost slightly more to fly to Costa Rica than a vacation destination inside the U.S., the cost of food, services, and entertainment is so much lower in Costa Rica that a more indulgent vacation can be had for much less money.5. Favorable Exchange Rate – While the rise of the Euro continues to make European travel expensive for U.S. tourists, the dollar still rules in Costa Rica. The favorable exchange rate, combined with widespread acceptance policies, means tourists prefer Costa Rica over European destinations, funneling much of the vacation traffic from Europe to Costa Rica.6. All of the Above – The current economic woes in the U.S. have been described as the ‘perfect storm’. Each individual factor would never slow the economy down by itself, yet when presented together, the sum of the trouble is indeed greater than its parts. Yet these issues combine to make the perfect opportunity for those willing to look a bit beyond the borders of their previous real estate investment experience.If you are looking for a recession resistant alternative to investing in U.S. real estate, and aren’t afraid of trying something a bit different from your standard fare, Costa Rica real estate, may be the market you’ve been looking for. Turn-key real estate investment scenarios, such as the Sonesta Jaco Resort (www.SonestaJaco.com), serve to remove the main stumbling blocks that present themselves when investing abroad, providing a powerful marketing program, brand recognition, clear title, a responsible management program, and does away with worries about maintenance and collecting rental income.Stop by our website, or give us a call toll-free at 1-866-864-9859 to find out how we can assist you in riding out this ‘perfect storm’ in perfect comfort!

Costa Rica and Real Estate

Costa Rica and real estate are two things that go hand in hand. While many people do not instantly make this association, the staff at CerroFresco.com has realized what a gem this country is to those in the market for a home. By taking the best that the land has to offer and pairing this with the finest amenities money can buy, they have developed homes that anyone could fall instantly in love with. See for your self just how fitting Costa Rica Real Estate are for each other.One of the most important things to think about when considering Costa Rica and real estate is the type of home you are looking for. A perfect choice would be an open-air bungalow, with plush furnishings and state of the art appliances and fixtures. Add to this a private pool, and you will realize that you have found the best in luxury real estate. Your own tropical hideaway awaits you in Costa Rica.The other major point to consider when contemplating Costa Rica Real Estate is the actual location of your home and its proximity to attractions and local features. Looking for a property that is far enough off the beaten path to allow you to escape the world can refresh and recharge you. At the same time, you want to be close enough to civilization to experience all of the wonderful things that Costa Rica has to offer. Finding that perfect balance is the key to selecting your perfect home in Costa Rica.At CerroFresco.com, you will see that they have taken all of these points and expanded on them to bring you the perfect blend of Costa Rica Real Estate. The location is far enough from the world for peace and tranquility yet close enough to enjoy the sights and sounds at your leisure. The bungalows are fit for a king, with a relaxing tropical atmosphere. Cap all of this off with a private restaurant, spa, and concierge service and you will find no other Costa Rica real estate compares.