US Real Estate Market Dives While Costa Rica Market Soars

Costa Rica's real estate boom continues. The building of condominiums, hotels, and residential single family home developments increase, but the country will be able to absorb it thanks to continued popularity, experts say.

Costa Rica has caputred the attention of the world’s most esteemed hoteliers and builders. Despite an explosion in hotel rooms, Costa Rica's real estate market - already one of the fastest-growing in Latin America - has a bright outlook, experts say.

"The perception of Costa Rica as a safe place is one of the reasons why the real estate market has been so vibrant in the past and will continue to be in future," says Rogerio Basso, a Miami-based Latin America analyst with Ernst & Young's hospitality and real estate practice.

And despite the price increase, Costa Rican real estate is still less expensive compared to the United States, the origin for most of its residential real estate investment, he points out. "Today Costa Rica is still a value proposition compared to the United States due in part to low property and capital gains taxes, financing and rental return programs with attractive amenities available on the market," Basso says.

Now Costa Rica has direct access from most major cities in the USA for those who want to discover what the natural paradise is all about. There are many trustworthy and reliable real estate companies such as Heritage Estates http://www.estatescostarica.com who are a full service real estate company assisting buyers in planning itineraries and property tours throughout the Pacific Coast in Costa Rica. A true paradise waiting to be discovered.