Costa Rica real estate. Henry Kaufman is making money why not you?

Aug. 13, 2009 - PRLog -- So he chose the Central American country of Costa Rica.

Henry Kaufman is a name well recognized in the United States through financial circles. Mr. Kaufman is a Wall Street legend, who in 40 years, has gone where other investors dare to go and for doing so, has amassed an enviable fortune. In 1996, Mr. Kaufman purchased what is believed to be, 32% of the downtown buildings in Tulsa, Oaklahoma when most thought it was one of the most stagnant markets in the US.

A giant among pundits, Henry Kaufman is the Wall Street legend who founded the science of Federal Reserve watching, now a popular spectator sport. - Amazon.com

Now his attention has shifted. And it's shifted to what has been claimed as, one of the most profitable real estate markets in the world.  Costa Rica.

According to NBC, Costa Rica is one of the Top5 hottest real estate markets in the world! Even during market recessions like we have today, the Costa Rica real estate market is still on the rise. Mr. Kaufman is only one example of financial savvy minds, investing in what they believe to be a highly profitable market.  Mel Gibson, in April 2007, purchased a $25.8 million dollar ranch facing Barrigona Beach in Guanacaste province on Costa Rica's Northern Pacific coast.

Now if you are like the rest of us, whereas we look towards other, more financially secure and financially savvy, for tips and ideas on what's hot and what's not, then how can this be ignored? Between the two previously mentioned real estate moguls, they have a combined net worth of over $1 billion. You think they are investing in Costa Rica because of the sandy beaches and nice tropical breezes? Highly unlikely.  They are here because they realize the potential of the market and want to profit from it.

It is true that we are seeing a large number of fire sales and foreclosures (http://www.buyingcr.com) throughout Costa Rica.  However this is NOT an indicator of the market in Costa Rica but more so a direct reflection of what is occurring in the downed markets throughout North American markets and European markets. Investors who mistakenly invested the better part of their portfolios in these markets are suffering and therefore begin to liquidate their 'foreign investments' to cover their losses in other markets.

Smart investors are doing the reverse.  Liquidating local investments and investing in foreign markets similar to the Costa Rica real estate market.

"I think volatility is here to stay, a permanent change in the system.", says Henry Kaufman about the North American markets.

Hopefully this article has "sparked" your attention and you make the necessary steps to making your investment gains greater and working for you, instead of the other way around. You should never have to work for money but rather have your money working for YOU!

Interested in more information on the subject of this article or simply want to inquire about what it takes to invest in Costa Rica real estate? Contact Don Halbert from BuyingCR (http://www.buyingcr.com). Specializing in "Making your dream a reality".

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