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Costa Rica

Costa Rica is the destination of choice for more and more Americans every year. Beautiful coastlines, superb restaurants, low cost of living, and a great health care system are all attractions. But, in recent years, crime in places like San Jose has also picked up, and not crime of the petty variety. I have spoken to many people in recent years who have left Costa Rica, primarily San Jose, because they became disenchanted with the increasing level of criminal activity. However, once outside the capital, there are few places in Central America that can compare with the country for beauty and quality of life. That quality of life, while still relatively inexpensive by American and European standards, is not so cheap anymore.

Oceanfront lots can easily set you back more than $250,000 in the better locations. Inland and in the mountains, you can still pick up bargain condos for under $100,000 . . . but it’s the ocean that everyone wants. It’s not uncommon to see homes priced as high as you would find in some southeastern U.S. coastal communities, which makes one wonder about valuations. Of course, owning real estate in a foreign country like Costa Rica, which is the most stable of Latin American countries, does present the opportunity to diversify assets abroad. For now, however, Costa Rican real estate is overvalued and a correction is in the offing. Prices are coming down as overbuilding is taking its toll. A sample of properties in Costa Rica can be found her....http://propertiesincostarica.com/listings.html


  

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