A speculator wishing to invest with international property should be aware that the crucial variable is buying at the ideal time. You will want to get in the market once the real estate price is on an upward trend or, if possible, just before prices begin to rise. Now as we emerge from the financial crisis, buyers can find great real estate prospects within Central America on both the Pacific and Caribbean. One particular location that stands out for entry level deals is Nicaragua. Investors are attracted by its low property prices and very affordable cost of living. If you’ve missed out on other emerging areas in the past it makes to see what Nicaragua has to offer.
Another country worth researching with regard to potential property earnings is the little nation of Belize. This is the only English speaking country within Central America and has significant status as a vacation destination. Real estate along the breathtaking coastline, which features an incredible barrier reef, cannot help but be considered a good investment given its inherent appeal. The country is internationally renowned for diving and snorkeling in its dazzling turquoise Caribbean sea which laps the seemingly endless miles of gorgeous beaches and with exotic private islands. Also, there are amazing tax benefits found in Belize which, along with strict banking privacy laws makes it an appealing retirement living choice.
Close to the equator, the Central American country of Costa Rica is known as a relatively established locationa for investment, retirement life or merely for an excellent exotic vacation. The market for Costa Rica property is emerging strongly from the recent economic downturn. The seaside playground of Playa Hermosa delivers surf fanatics world-class waves and draws in expert surfers from throughout the world. With beaches that stretch for miles, Playa Hermosa real estate has solid rental potential. Surfers also flock to close by Jaco – featuring exciting night life and a wide range of amenities and services. Definitely a location to consider if you want to cash in on the tourism boom.
The compact country of Panama lies at the most southern part of the Central America isthmus. Given it’s close history with the US (due primarily to the Panama canal), Panama is emerging as a top spot for international investors and US buyers in particular. But Panama is not just about the canal. It’s a small country but packs a great deal of culture and biodiversity within its borders. Investors take comfort from the fact the the US dollar is the prime currency in the country and that there are no restrictions on capital flows. Panama is currently beating regional economic indicators and with President Martinelli at it’s helm is attracting record levels of foreign direct investment (and not just for the canal expansion). Definitely a country to watch if you’re considering Central America.
In order to reduce your risk in the current market it makes sense to stick to completed property rather than off-plan. Choose quality products in prime locations. Above all take your time and proceed with caution.