Central America is the latest region to pique the interest of international investors, with demand for property in Costa Rica particularly prominent.
The real estate market in the country suffered a blow between 2008 and 2011, when prices fell across the board.
And according to the Costa Rican Camber of Real Estate Brokers, the property market hit rock bottom in 2011 and had been lagging until 2012.
However, the property market in the Central American country has “been seeing a rebound over 2012”, according to The Costa Rica News.
The newspaper also reported that the country has “seen a steady rise in market interest on the international market” owing to rising prices and increased demand from foreign buyers.
Why Costa Rica?
The real estate market is making a long-awaited comeback, with the country’s out-of-the-way location and property bargains sparking significant interest in overseas investors. Costa Rica offers foreigners far more than good value for money. Tourism is booming, having witnessed a rise in 2012, and bookings are up for the high season. Its overwhelming natural beauty, fascinating wildlife and tropical beaches are just a few of the reasons why this tiny nation attracts 1.5 million visitors every year.
Send money to Costa Rica
If you are thinking about investing in property in Costa Rica, it is crucial to spend enough time comparing the market in order to seek out the best deals.
While it can be tempting to rush into the process and get it started as soon as possible, accepting the first rate that is offered to you is not the most money-savvy way to go about transferring money abroad.
It can be financially worth your while to check out your options before making any decisions. For example, did you know that foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers?
If you want to send money from UK, make sure you compare the market first so that you find the cheapest way to send money abroad.
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