Friday, 4 June 2010
Bargain Real Estate in Costa Rica
Although real estate prices have skyrocketed in Costa Rica in the last decade, there are still some deals to be had. If you are interested in purchasing land only, a piece of land can be purchased in the mountain areas of Costa Rica from $1,000 to $5,000 per acre, or if you prefer the ocean, land goes for $10,000 to $30,000 per acre. If you buy 40-50 acres or more, the prices could drop by half. The prices in Costa Rica have skyrocketed in the last decade, thus making the real bargains in some areas more and more unavailable. A good alternative for the investors is to look not for a house but for land parcels ready for development. Far from the cities, a piece of land can be bought in the mountains and highlands from $1,000 to $5,000 per acre. The lots with ocean views go for $10,000 to $30,000 per acre and the beachfronts begin from $50,000 per acre. If the investor decides to buy in volume, some 40-50 acre parcels or a bigger lot, the prices could even drop by half.
As far as homes go, there are still properties in Costa Rica that are being sold under their market value. The reasons for this vary, but the main reason these properties are being sold for such a low price is because maybe their owners need to sell them fast. The majority of properties that you can find at a bargain price are generally located fairly far away from the major cities of Costa Rica. It is much harder to find properties near the major cities at a reduced price. However, it is not impossible to find a rare property near the city that is being sold for a bargain. Doing your research, looking at listings, and asking for help from a real estate will pay off for. You may get lucky and find the property of your dream at an ideal location for a price below market value.