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Panama or Costa Rica: Who Wins the War in the #1 Country to Buy Real Estate?

Article Summary:

Costa Rica in the past few years has turned into a top vacation spot with its lush greenery, tropical sun, and beaches; and now it ranks as the best country for real estate investments in 2013 according to International Real Estate Investments Magazine.

Photo Credit: Realty Today

Original Article Text From Realty Today:

Costa Rica Ranked Best for Real Estate Buying in 2013

Costa Rica has been ranked as the best country for real estate investments in 2013, according to the International Real Estate Investments Magazine.

Sarah Roberts, an executive with International Real Estate Investments Magazine stated that the northern hemisphere of the world has become a global liability.

“We all know that there is constant duress with Israel and the Middle East predominantly backed by the United States and their foreign policies between fighting for special interests and attaining leverage within the oil wars. Then enter Europe’s macroeconomic market that is still trying to balance itself against a debt crisis with Greece. All the while there is a threat of a war with Iran which could have a catastrophic impact on the entire northern hemisphere of the world if there is a worst-case-scenario,” Roberts said.

Properties bought in the year 1998 saw a 900 percent return on investment by 2005 in Costa Rica, a great attraction for any real estate investor. Simon Stevenson of International Real Estate Investments Magazine said, “Samara Beach is one of Costa Rica’s best regions to visit for a vacation or for tourism, for sure. In 2012, TripAdvisor.Com ranked Samara Beach as one of the top 3 beaches in Costa Rica.”

“Samara Beach is one of the top three places to invest in Costa Rica that will secure ample returns. Samara is quickly growing and is a luxury market in Costa Rica. China has its eye on Costa Rica, one advantage in investing on Costa Rica is that there is no taxation on capital gains,” Roberts said.

Costa Rica in the past few years has turned into a top vacation spot with its lush greenery, tropical sun and beaches. Tourism is now a main source of income for the residents and the government is also doing its part by improving the infrastructure.

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From Realty Today

  • Robert

    The writer is wrong in saying ” the northern hemisphere of the world has become a global liability”.

    There are a few countries in the northern hemisphere that are doing really well, have sensible and stable governments, and have a truly great future. For example – Canada and Norway.

  • xpanar

    who are they kidding? costa rica real state is dead, a lot of people that have a house there are trying to sell to move to panama or other country, costa rica inflation is the highest in the americas and everything is more expensive then panama or usa, new constructions in costa rica is been low or stop already, if you want to buy in costa rica? be my guess, but surly your going to sell soon after you move there.

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