Canadians Flocking to Costa Rica Along With Other Commonwealth Nations

With the recent decline in the US dollar and the increase in other currencies such as the Euro and Canadian dollar, we are seeing an increase in traffic coming from countries like Canada, England, France, Germany and more. What’s the attraction?

The attraction seems to be the fact that when the home currency values high, their people tend to invest. Therefore while different currencies are strong, and the winter months are heading in to full swing, the interest in Costa Rica property seems to skyrocket. Who doesn’t dream of sitting on a tropical beach sipping a martini while back home your best mate is shoveling his driveway? With an average year long temperature of 24c, this makes for some of the best climates in the world where 5% of the worlds plant species thrive.

Costa Rica property has been popular with the US for almost 15 years now and with the current economic crunch there, we are seeing more Americans holding on to their cash and hunkering down to weather the economic storm. Maybe once the US manages to steer clear of economic turmoil, they will begin to start investing again however at this time, it’s our best guess that the US investment is down by some 30%.

This isn’t necessarily bad news. We are on the cusp of what appears to be the dawn of a “new” real estate industry. One of mixed cultures and backgrounds from all over the world. More of a shift in market target direction whereas the Costa Rica property market appeals to a broader spectrum of potential investors.

More and more everyday, we are seeing Canadian and European investors coming here where their home currency is strong and comparably speaking, the true value is in the quality of investment potential here compared to back home. Construction is possible for less than 65$ sq/ft. Your money goes further here.

Not dependent on the level of investment, Costa Rica offers value and opportunity straight across the board. From sub $50,000 foreclosure homes, to multi million dollar development projects, this is the time to buy. One quick glance across the internet will show you that it is a “buyers market” in Costa Rica.

So whether you are looking for investment property or simply want a place to relax at for three months of the year during winter, then might it not be worth considering taking a look? You know, we weren’t voted the “Happiest Place on Earth” for nothing.