Costa Rica is a Latin American country with great sandy beaches, volcanoes, and tropical mountains. With the Caribbean on its eastern shore, the Pacific on the west, and wonderful warm blue seas teeming with fish, it is a perfect vacation destination. In fact, it is one of the most visited countries in Central America. The tourist influx has created a booming industry with many hotels, resorts, golf courses, restaurants, casinos, pubs, and locales catering to adult activities. As it is being discovered, more and more Americans, Canadians, and Europeans have chosen to live there full or part time with thousands owning second homes along the spectacular beaches or tropical mountains. Foreigners can own property in Costa Rica and tens of thousands live here year-round because of its democratic government, tropical climate, reasonable land prices, and spectacular laid-back natural environment. All this in turn has led to an increase in Costa Rica real estate prices, particularly along the magnificent Pacific coast where most of the tourists go.

Most investors are concentrating their investments in areas that are popular with tourists and, in particular, its beautiful Pacific coast. The large scale purchase of prime property along beach fronts (all of its beaches are public), mountain properties, farms (called fincas) and vacation rentals by expatriates have contributed to a steep hike in real estate prices in the most coveted areas.

Additionally, the large numbers retirees and folks who choose to live in a tropical paradise and leave behind the pressures of day-to-day life has also contributed to the increase in property prices in some coastal areas. Plenty of investment has been coming into real estate from outside the country. The U.S. has led the way, certainly, but there are lots of investors from Canada and Western Europe. China has been increasing its presence in Costa Rica dramatically over the last few years, too and today there are thousands of Chinese who live there. In addition to beach-front property, the main areas of investment are farms, called fincas, which are being developed into subdivisions, mountain properties, and vacation rentals. Real estate prices have soared along the Pacific coast and some other parts of the country because expatriates and people wanting second homes have realized just how cheap, relative to the U.S. and Europe, land is.

Costa Rica real estate has been, and continues to be, a good investment because the country has a very stable political system and a growing economy. Unlike Mexico, foreigners can own free title to land. The crime rate in Costa Rica remains low, though increasing, and human development indices are very high compared to other Central American countries. The tourist influx has also seen the country evolve to accommodate the international community. More and more international investors have come to the conclusion that Costa Rica is a great place to invest in real estate and their returns on investment have borne out that faith.

Of course Costa Rica has felt the impact of the severe world wide recession in America and Europe. Sales of condominiums and single family homes for expats or as second homes in subdivisions have slowed dramatically and in some areas along the Pacific coast cash-strapped Americans are selling their tropical homes at steep discounts.

Every contraction sets the stage for recovery. Costa Rica is expected to boom again due to the continuing tourist influx into the country, the high returns that real estate investment yields here, and the increasing scarcity of land in some places. Over the last decade, many investors have seen the value of their investments soar, though there is in fact a pull-back today in some areas because of the worldwide recession. Even many small investments have proved to be lucrative. Tempering the future boom a bit, though, may be that the fact that property in highly desired areas is becoming increasingly scarce. On the other hand, this may lead to increased investment in prime real estate inland.

The steepest rise in property prices and the steepest decline due to the recent recession have been along the Pacific coast. The beautiful Caribbean coast remains largely undeveloped so the run-up in prices was not as rapid. And home prices in the Central Valley containing the largest city, San Jose, and some 40% of the country’s population have not been significantly affected because of the acute shortage of available land and continuing demand as more and more Ticos move to the urban areas.

Victor C. Krumm lives in tropical Costa Rica and has an informative websiteCosta Rica Vacations. Look at prettyCosta Rica Real Estate

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Jaco Beach, apart from being the largest coastal town in Costa Rica, is the closest one to San Jose where the offices of Day Star Properties can be found. Our luxury rental condominiums can be located at Bahia Azul, La Paloma Blanca and Bahia Encantada. So, if your next vacation includes a beachfront, luxury apartment in your dreams, contact Costa Rica Vacation Rentals at Jaco Beach.

If you book your next Costa Rica Vacation Rentals with Day Star Properties we can provide you with a transfer to and from your holiday condominium for a nominal cost of $100 per four guests. Whether you want a quiet vacation where you can relax and unwind, or a vacation full of activities, Costa Rica Vacation Rentals is able to offer you everything to make your vacation the perfect one for you.

Your very own luxurious home-from-home, condominiums at Bahia Azul consist of two bedrooms and two bathrooms and all the amenities you would expect from properties at this end of the market. Meanwhile, the Bahia Encantada properties all benefit from unobstructed views of the shoreline and ocean beyond.

They are truly chic with their kitchen, complete with all the utensils you would expect from a fully-fitted kitchen. Each room has stone tiled floors, there is an integral laundry room to each property and you can choose between two bedroom and three bedroom condominiums. What more can we offer?

To make your holiday perfect with Costa Rica Vacation Rentals we offer you regular housekeeping, the availability of a concierge and staffed security for your peace of mind. We can arrange for staff to come into your condo to clean, Day Star Properties offer a free Touch Up service that is completely free.

However, if you would like our cleaning staff to call more often and keep your condo spotless for the duration of your stay, just let your requirements known at Reception and we will arrange the rest.

Another pretty good reason to consider Costa Rica Vacation Rentals is Jaco Beach’s well-deserved reputation for surfing – and, Day Star Properties have negotiated a special low rent rate for hiring boogie board and surf boards if you are spending your vacation with us.

Perhaps you would like to explore further afield and get to see a bit more of the country. Costa Rica Vacation Rentals can arrange for you to rent a car at particularly attractive and competitive rates.

if you want more information about Daystar Rentals, feel free to visit their website by clicking on the following link: Costa Rica Vacation Rentals

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