Buena Vista VII lots now available with owner financing.

We have an exciting new offer on lots in Tierras Morenas of Tilaran. These lots are now offered starting at $2 per meter. Prices have just been reduced and lots are now starting at $29,000. Water and electric is available. 30% down with owner financing. All due and payable in 3 years with no interest and no monthly payments.

Click here for more details on the Buena Vista VII lots for sale

Excellent Lending market

Prior to 2006, there was no market for lending in Costa Rica and investors bought and sold property on a cash basis. With the recent surge by worldwide and US lenders as well as the strengthening of the Costa Rican market, financing at reasonable rates is now an available option. This addition to the real estate industry has made it possible for many more investors to buy property in Costa Rica and will only increase the demand over time.

As you can see there are many great reasons to invest in Costa Rica. Many people believe that it is too late to make any money. This is not the case! The time is now to invest in this beautiful country and incredible vacation spot.

How can I finance my property in Costa Rica?

There are two options available for financing home construction.

The first option is for the homebuyer to secure secondary financing (line of credit, second trust note) in their home country. This money, once deposited into escrow, will be held by Title Insurance by LandAmerica Commonwealth Title Of Central America® and will be released in accordance with a pre-defined fund release procedure.

The second option is for the buyer to secure completed home (or take out) financing . This option requires approval in advance by the builder and would require deposits to be made to the escrow account by the buyer during the construction of the home. At the opening of escrow, application is made by the buyer to secure financing against the home once the house is complete. At home completion, the balance owed the developer would be paid and the buyer ends up with a mortgage in Costa Rica for the house.

Banks & Money

There is an ample selection of state owned and privately held banks in San Jose, and throughout the country. The official currency of Costa Rica is the colon; however US dollars are widely accepted. US dollars and traveler's checks can be changed in banks and hotels. Most major credit cards are widely accepted, and cash advances can be obtained at banks around the country and a variety of places throughout San Jose.

Costa Rica Surpasses World Average in Tourism Growth

Presently, Costa Rica surpassed three times the world average in tourism growth, according to a June index released by the World Tourism Organization (WTO)

The index' s data says the largest growth in tourism was in regions like the Middle East, Central and South America. Meanwhile, China, Japan, the United States, Costa Rica, Chile and Peru, stood out for showing double digit growth.

The WTO index says that international activity saw growth of 5% in the first four months of the year and one additional percentage point more than forecasted at the beginning of 2008.

According to the WTO, behavior of the summer season that just started in the Northern hemisphere will be key to end-of-the-year results.

The Tourism Minister, Carlos Ricardo Benavides, said that he is pleased that Costa Rica has held pace within the most dynamic growing group of countries with respect to the arrival of tourists.

Source: I.C.T, July 16, 2008