COSTA RICA REAL ESTATE
Why invest in Costa Rica?
Land costs coupled with the close proximity to most
U.S. cities make Costa Rica and other
areas of Central America very attractive to real
estate investors from the United States and
Canada. The cost of living is much lower, property
taxes are virtually non-existent, no capital
gain tax on the sales of real estate and the
security of ownership are just a few good reasons
to purchase real estate in Costa Rica.
Is my investment safe?
Yes, Costa Rica encourages foreign investment.
Costa Rica is the oldest democracy in Central
America, has no army, and is very concerned about
the environment.
Do I have title to the property I purchase?
Yes, land is titled in Costa Rica very much like a
real estate transaction in the U.S. Most real
estate purchasers put their real estate purchase(s)
into separate corporations. You simply
own the corporation that owns the property. By
doing this there is no transfer tax when you sell
your property and it is virtually impossible for
anyone to find out who owns a parcel. Dealing with
a competent attorney in Costa Rica is very
important. There are some types of land purchases
in Costa Rica that can not be titled and only an
attorney can assure you are making a sound
investment.
What kind of rental income could I expect from a
Costa Rican rental property?
Rental income will be based on the location of the
property and all the factors you would
judge in the U.S. market. Our company has property
opportunities in Costa Rica that
will yield about 10% of the purchase price per year.
Why purchase from CARR's real estate arm, CASA as
opposed to another agency?
The properties presently being offered by CASA
(Central American Sales Associates) for sale are
managed by CARR which gives us a certain degree of
control over your investment. Also, in many cases,
we have invested in these properties as well, which
should give the potential buyer a sense of
confidence in their decision. Norm Scott, a
principal in CARR and CASA has lived in Costa Rica
for the past 2-1/2 years and has evaluated virtually
every possible purchase opportunity. Norm has made
many contacts in Costa Rica that will be valuable
assistance to the Buyers using our service.
INTERESTED IN REAL ESTATE....PLEASE LET US KNOW!