Costa Rica posts rising tourism figures

From January-May 2008 foreign arrivals to Costa Rica increased 16 percent from the same period in 2007, according to the Ministry of Tourism in San José.
The upswing represented an additional 133,000 foreign visitors over the period, taking the total to 987,000 arrivals.

The US remains the main country of origin, accounting for 54 percent of arrivals, followed by Europe with 17 percent.

The Ministry of Tourism stated that recession in the US had not affected the propensity of high and middle income earners visiting Costa Rica. Nor have increased airline prices dissuaded European travellers.

While the world economics forum has ranked Costa Rica as the number one nation in Latin America in terms of tourism – the second successive year that Costa Rica has occupied top spot.
Costa Rica registered 1.9 million foreign visitors in 2007, generating US$1.92 billion in tourism receipts.

And research from the overseas property specialist, David Stanley Redfern, shows that despite Costa Rica’s semi-mature market, wisely chosen property has plenty of growth potential.

The country’s diverse economy is one of the strongest in Latin America and is likely to continue growing irrespective of global markets – the World Economic Forum has just ranked Costa Rica as the second most favourable Latin American country in terms of trade.

Add to this Costa Rica’s huge tourism industry and property can be expected to grow by more than 15 percent in the coming years, and possibly by as much as 20-25 percent per year for the next three. The large number of tourist arrivals means property is likely to fetch rental yields of 10 percent or more.

David Stanley Redfern offers property only 90 minutes from San Jose’s international airport, on Jaco Beach. Planned by talented designers, the development boasts contemporary architecture inspired by the concepts of tropical minimalism and is one of the few beach front properties in Costa Rica that is fully titled. Due to recent government regulations it is also likely to be the only property on the beach.

Find out more about Off Plan Property and Emerging Property Markets.

About DSR Asset Management Ltd

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com

Costa Rica: A slice of paradise and a shrewd investment

Overseas property specialists David Stanley Redfern currently have a remarkable development nestled away in a Costa Rican paradise.

The Wyndham Garden development on Jaco Beach is a 14 story beach front Condo-Hotel with 136 units of one, two, and three bedroom fully furnished residences.

Planned by talented designers, the development boasts contemporary architecture inspired by the concepts of tropical minimalism and is one of the few beach front properties in Costa Rica that is fully titled.

Consisting of two towers staggered with a constructed area of 26,536 m2, the development is made up of 2 three bedroom units, 60 two bedroom units and 54 one bedroom units each offering spectacular views and natural light. The resort itself includes infinity pools at three different levels; a fully equipped spa with sauna, steam and massage rooms; gym; restaurant, snack bar and bar; day-care centre; Jacuzzi and a host of other amenities.

Jaco Beach is located on the Pacific coast in the province of Puntarenas, just 90 minutes from San Jose’s international airport. Only minutes away are activities such as horseback riding and ocean fishing, while nearby Garabito offers a large selection of restaurants, night clubs and bars. Yet Jaco beach is tranquil, and because of recent government regulations the Wyndham Garden development is likely to be the only property on this beautiful beach.

The property presents the perfect opportunity to buy a piece of Costa Rican paradise while also fulfilling the criteria of a shrewd investment. Wisely chosen property in Costa Rica still has plenty of growth potential, and property is expected to grow by more than 15 percent year on year, possibly by as much as 20-25 percent per year over the next three. While rental yields will fetch 10 percent or more as the country continues to benefit from amazing growth in tourism.

Find out more about Off Plan Property and Emerging Property Markets.

About DSR Asset Management Ltd

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com

The Big Attraction of Costa Rica Investment Property

Latin American property markets have become a growing force on the international property investment scene, along with many neighbouring countries, Costa Rica's real estate market is in the throws of a major boom. Setting Costa Rica apart is its incredibly peaceful and stable democracy and society. Costa Rican President Oscar Arias, won the Nobel peace prize for his efforts in bringing peace with Nicaragua and El Salvador in 1987 - a good thing since the Costa Rican military disbanded in 1948. An environment of peace is endemic of low crime rates and certainly something which attracts investors towards Costa Rica when seeking out investment property.

Said investors won't be disappointed if that search takes them to David Stanley Redfern's website, where they will find the newly added Wyndham Garden development, Jaco Beach. One of the few titled beach front complexes in Costa Rica, Wyndham Garden is a 14 storey condominium of fully furnished 1, 2 and 3 bedroom residencies - prices start from £153,000.

Another attraction is the capital appreciation, in an article in The International Herald Tribune last year, quoted reMax agent, who, along with his family, has been selling property in Costa Rica for 13 years, Chris Mailloux said: "Lots that were once $50,000 are now $500,000. There's not a lot left that hasn't quadrupled in value in the last three years." He also mentioned the rising availability of new property, telling IHT that eight developments each of at least 20 homes are under construction in one abbreviated block near his office.

Also attracting buyers are rental yields of between 7-9% for larger 100sq.m properties, decreasing as property size increases. The first $2,698 of rental income is exempt from tax, and taxed at progressive rates of between 10%-25% after the threshold is reached. A good counterweight to the rental tax when considering a Costa Rican property investment is: Capital Gains Tax is only paid on habitual (recurring) transactions - no CGT is paid on one off property sales.

Costa Rica also has low living costs in its bag of overseas property investment plus points, and next to no restrictions on foreigners buying or owning property -- the only restriction being the first 50 metres after the high tide line is public property, and the following 150 metres can only be leased to foreigners that have lived in Costa Rica for more than five years. That leaves plenty of room for foreigners drawn to Costa Rica's unique features, including: beautiful valleys, volcanoes, jungles, sun, sea and surf. Potential investors will also love to hear that Costa Rica is very secure, has great infrastructure, and investors can choose their favoured climate, by buying on the Pacific coast (warm), the Caribbean coast (warmer), or the central regions of the country (colder)

Of course having a coastline to the Pacific and the Caribbean oceans is another plus point for Costa Rica. And it doesn't stop there, analysts are tipping the Guanacaste province as the "next gold coast", and prices are quadrupling so you better get in fast. Call David Stanley Redfern today for a free no-obligation chat.

Find out more about Off Plan Property and Emerging Property Markets.

About DSR Asset Management Ltd

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com