Friday, July 17, 2009

Home Ownership In Costa Rica

By Randy Berg

For your dream house having surrounding of lush palm trees with sea facing or a home in the close vicinity of a major city, don't look beyond Costa Rica. Though Costa Rica was affected by recession in 1990s when cost of real estate - land and housing dipped down but with tourism boost in Costa Rica the real estate prices are on the up.

Costa Rica is divided into seven provinces - San Jose, Alaiuela, Cartago, heredia, Limon, Guanacaste and Puntarenas. First four provinces are highly populated. Alaiuela's climatic conditions are warmer and pleasant. Cartago is cooler than San Jose and has rural settings. Heredia consists of many old-fashioned towns with mountains all around providing excellent surroundings favorite homes. Last three of the provinces have a beach an added feature and the biggest advantage. However, the three has a very different type of geographical setup. There are cattle ranches in Guanacaste. Puntarenas caters one of the main ports and is the longest province. Limon provides Caribbean African type of surroundings. The housing assets have lots of variations, since beachfront houses are lot more costly as in comparison to others.

Constitution and several laws protect house ownership in Costa Rica, as it is considered as right of a person who is a citizen of Costa Rica or not. There are several institutions that need to be contacted for house ownership in Costa Rica. Costa Rican Chamber of Realtors, an extremely reputed and honest institution is the one which whose help you can seek. In order to guide you through the legal formalities in purchase a house in Costa Rica you have to contact a trustworthy lawyer to guide you through all the steps involved in acquiring a house.

Local financing is not an option for foreign buyers but as real estate prices are on the lower side in Costa Rica buying in cash is done by many while some take second mortgage or home equity loan to own a house in Costa Rica.

Every villa generally boasts of 3 to 5 bedrooms with baths, and well appointed living rooms as well as kitchen, huge swimming pool, as well as landscaped gardens with basic qualities.. It as well has private beach for an exclusive gatherings. Home ownership in Costa Rica villa will generally accommodate ten guests, has every day maid service.

People are attracted to Costa Rica due to its economic stability and picturesque natural beauty. To buy a house in Costa Rica is very simple and easy if you approach the concerned persons mentioned above to help you out.

About the Author:

No comments:

Post a Comment