Mortgage Costa Rica, S.A.

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MORTGAGE COSTA RICA, S. A.

For the Best Mortgage Rates Call 506-2772-2083!

Welcome to Mortgage Costa Rica, S.A., your mortgage specialist for properties throughout this Central American paradise. For the best and most current mortgage rates available, please contact us at 506-2772-2083. Get the best Costa Rican real estate financing here.

Why use Mortgage Costa Rica, S. A.?

We have successfully been handling the real estate financing needs of local area residents and international property investors for several years now and are very knowledgeable of the banking environment here in Costa Rica. Over the past year and a half, the banking and mortgage industry has experienced quite a significant transformation, especially where international investors are concerned.

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This evolvement within the industry continues today and we are well aware of any legal changes as well as current market trends. Financial institutions are always seeking to leverage profitable returns from numerous low-risk borrowers due to the fact that the Costa Rican real estate market has matured so rapidly as well as having become so stable over the past decade.

Current Costa Rican Real Estate Market Trends

Most of the news concerning real estate market trends this past year indicates that the picture is not as gloomy as certain industry publications would have you believe. It is still considered to be a desirable and viable investment opportunity for US citizens who are searching for investment property or a vacation home. In addition to this, Costa Rica still features a low cost of living index as well as low cost property taxes. Overall, investing in real estate in this country offers affordable options with very little compromise.

Buying and financing property in Costa Rica offers the non-resident the same security and protections as a resident. In fact, these rights are protected in the Costa Rican constitution. Title insurance, property insurance, title examinations, recorded mortgages, appraisals, zoning, and all typical legal protections are part of owning real estate in Costa Rica.

Just be aware of the fact that the Costa Rican property market has not been immune to the economic downturn in the US as well as the current instability of the global economy. Current statistics indicate that the US has been responsible for roughly 60% of the tourism traffic in the country. Additionally, the majority of Costa Rican exports are currently being purchased by the US. Finally, despite a 30% drop in real estate sales (as of the end of 4th quarter 2008), the market has witnessed a noticeable upswing which is increasing prices of property in Costa Rica.

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Why Should You Invest in Costa Rican Property?

Current economic indicators point to the fact that investing in property in Costa Rica could provide better profitability over a short-term period rather than having to wait a long period of time for an investor to realize a significant ROI. Despite this economic downturn in the US and the condition of the global economy, the tourism industry is still going strong which benefits the Costa Rican economy.

From the standpoint of aesthetics and climate, Costa Rica has oftentimes been referred to as the “New Hawaii” being similar to that state where scenery and weather are concerned. Situated between Nicaragua and Panama, Costa Rica’s climate has created the basis for growth in both coffee and pineapple exportation, although the tourism industry is still a considerable part of the economic base.