Why Costa Rica Real Estate?
Stable government
Infrastructure
Costa Rica has a well deserved reputation as a beacon of stability, prosperity, and having the least government corruption in Latin America. Costa Rica's infrastructure has traditionally taken a back seat in the priorities of state officials. Lack of maintenance and new government investment had, for many years, put on hold the imminent growth and boom of the Costa Rican economy. Costa Rica has an expansive road system sprawling throughout the country, although most of it has been allowed to weather and erode. Today virtually all of the country is accessible by road. The population center in the highlands of the Central Valley is well connected by paved all-weather roads which also route to the Atlantic and Pacific coasts.
With the recognition of the tremendous economic growth to be had, Costa Rica has made huge strides in transportation investment. The Pan American Highway connects Costa Rica with Nicaragua and Panama, the neighboring countries to the North and the South. There were gaps in the highway that made access from the Central Pacific to the Southern Pacific Zone slow and ineffective. That is quickly being paved to allow a fast and safe ride from boarder to boarder. The real estate of the Southern Zone had long been isolated and is widely recognized by developers and real estate professionals as the new frontier in Costa Rican real estate. This area has been the biggest beneficiary of these improvements for property values have sky rocketed 25% - 40% per year for the last five years. With the completion of this project slated for October, 2009, this trend should continue for several years to come.
World class foreign investment, technology, and management are being brought into the telecommunications and electrical power sectors. Once subject to corruption and government monopoly, the free market has been allowed to enhance the infrastructure astronomically. High-speed internet, satellite TV and first-rate utility services have enabled the quality of life potential to grow as they are now common place in Costa Rican homes.
Costa Rica's exports have been growing in recent years due to the upgrading of the once under-performing ports. Coffee, bananas, lumber, pineapple, sugar, wood and beef are staples of the export market in Costa Rica and are exported in larger numbers and in more cost effective and efficiently ways today than ever before.
In today's Costa Rica, financial outsourcing, software, electronics, pharmaceuticals and ecotourism drive the economy. A large strategic investment in education and modern technology has put Costa Rica in a position of strength with the general trends of the world economy.
