Welcome to Joseph A. Emanuelli Playa Hermosa, Costa Rica Sign in | Help

Guanacaste, Costa Rica by Joseph Emanuelli

Real information and stories from Guanacaste , Costa Rica. Presneted by a long time expat living and working in Costa Rica
Why Live In Costa Rica

Clients, friends and family ask me all the time “Why live in Costa Rica?”

And my reply is always the same! Why Not? Do you have a better idea?

 

Tell me about someplace else that has what Costa Rica has to offer.

You do not want live in the Caribbean, too many hurricanes! I know I could not afford Hawaii

Mexico and the other Central American countries are way too dangerous with drug wars and unstable governments.

And who wants to stay in the cold weather of the north.

With the taxes as high as they are, and about to get higher, I said forget it.

You can no longer afford to retire in the US and Canada, Not to mention the cost of living, insurance and crime.

 

But Costa Rica is the perfect place to invest and live.

The weather is spectacular 98% of the year

The people are warm, wonderful and very friendly. The cost of living is half of the USA and Canada.

It is so close that you can go back north in a blink of an eye.

You also get very good medical care while your insurance and carrying costs very low.

 

Then the same people will ask me “Why did you invest in Costa Rica?”

And my reply is always the same! Why Not?

 

Why do you want to put your money in a bank?  The returns are lousy.

The Stock market is way too risky! Take a look at your IRA and 401K’s over the past 3 years.

The US real estate market, Forget about it. Its will take a close to a decade to turn around and the higher property taxes!

But Costa Rica has everything an investor could ask for.

It has a stable democratic government. It has very little crime, constantly improving infrastructure.

Very low property taxes only 1/4 of a percent of assessed value

And most important Item! Costa Rica welcomes foreign investors and retirees with open arms.

 

Now if you’re going to live or invest in Costa Rica there is only ONE place to live

Guanacaste and the Papagayo Bay

Playa Coco, Playa Hermosa, Playa Panama and Playa Ocotal

 

The Main Reason Why You Should Make The Move? Follow the BIG INVESTMENTS.

I tell most of my clients that investing in Costa Rica is not like investing in the States or Canada. You can’t just buy anywhere. You have to pick your spots. The government of Costa Rica, compared to other Central American countries, is very well off. But they do not have an unlimited supply of money. So when they decide to focus on an area, like they have here in Guanacaste, they are going to make sure it succeeds. They can’t afford to make a mistake, because they can’t afford to throw money away. The government has decided that this is where all of their investment dollars will be going over the next 10 years. They have sunk millions into upgrading the infrastructure: roads, municipal water, telephone, internet and cable and satellite TV. They have backed hundreds of projects from golf courses to resort hotels to marinas and have even expanded the airport to handle all of the incoming traffic. Putting your money into the Papagayo area is about as safe of an investment as you can get. With everything that is happening we will see record returns on our money in just a few years. What I am seeing is that due to the fear of the stock market back home and the stagnant economy and real estate market in the US and Canada, more and more people are moving their money to offshore investments such as real estate here in Costa Rica. We have been seeing consistent returns of about 20% per year for the last 5 years and upwards of 40 to 50% returns in 2005 and 2006, making this one of the hottest investments going. We expect to see this same kind of growth over the next 5 years as hundreds of millions of dollars continues to be invested in our area.

Posted: Wednesday, April 4, 2012 10:01 AM by Joseph A. Emanuelli

Comments

No Comments

New Comments to this post are disabled