Investments in Costa Rica real estate Limón Province
Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence.
Costa Rica Featured Listing
Herradura Bay Property, Costa Rica
Location
Herradura Bay,
Property Type
Luxury Condominium
Bedrooms
3
Bathrooms
3
Price
$1,149,000
Limón, the capital city of the province of the same name, is also known as Puerto Limón, is one of the largest cities in Costa Rica.
Situated on a cape along the Caribbean coast of Costa Rica, on the East side of the country Limón is surrounded by two islands, the Uvita Island and Isla de Pájaros (Birds Island) which lies just north of the nearby Bonita Beach.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
Investors can choose from a wide range of different types of investments in Costa Rica real estate Limón Province, from residential homes, condos, duplexes, or apartments, to commercial offices, retail stores, or industrial buildings leased to businesses.
Also there are mixed-use properties combining residential and commercial elements as an option, plus land, with or without planning permission, that can be developed on or sold again for future real estate development.
Buying luxury properties in Costa Rica can be a smart move for both investment and personal use, depending on your goals.
Costa Rica offers very favorable property ownership laws where foreign investors and buyers have full property rights, which is not the same as in many other Caribbean and Central American countries.
