Prospects for Costa Rica Remain Attractive for Investors

Costa Rica has been affected by the global economic downturn, but it has not been as badly affected as many other countries and the prospects remain attractive.
 
 
March 4, 2009 - PRLog -- Costa Rica still remains among the most popular second home destinations for U.S. citizens. The country has successfully branded itself as a premiere eco-tourism destination and the tourism sector is expected to continue growing.

Low cost of living and property taxes still attract retirees who are looking for cheaper options without too many compromises. However, the Central American country has not been immune to the global economic crisis and it has been sensitive to the U.S. slowdown. After all, some 60 percent of tourists arriving into the country come from the United States and the U.S. also purchases the majority of Costa Rican exports. This makes the country overly sensitive to U.S. economic winds.

Although the fundamentals of the tourist industry still remain strong, the industry is feeling the effects of the economic downturn, with hotel occupancy falling.

The construction industry has also fallen victim to the financial crisis but continues to grow, albeit at a much slower rate. In 2007, the industry experienced an incredible 18% growth but that reduced to a still very impressive 5% for 2008.


The U.S.-Central America trade deal, known as the Central American Free Trade Agreement, took effect at the beginning of 2009. As the CAFTA floodgates open, Costa Rican monopolies and dominant companies will face fierce competition from multinational companies entering their markets. The ensuing price wars should benefit consumers.

The country's export industry should reap a bulk of the benefits as opportunities for Costa Rican products expand in the CAFTA region.

Nuwire Investor, in an article dated the 27th of February 2009, confirms that "long term prospects for Costa Rica remain attractive. The government is stable and has instituted good health care and educational systems. The country is has a wealth of natural resources, from beautiful beaches to pristine jungles and volcanic mountains, that attract a wide range of travelers. More importantly, it knows how to take care of its environment. Costa Rica was ranked 5th in the world by the Environmental Performance Index developed by Yale University and Columbia University. No doubt tourism and related developments will continue to boom. To avoid being a victim of its own success, Costa Rica will need to perfect the fine art of balancing development against preservation in order to protect its eco-friendly brand."

James Cahill, Managing Director of Costa Rica Invest, says “investors with a medium to long term investment view will see the benefits of an investment in development land with the added benefit of teak growing on it. Our premier project Finca Di Pacifico Dos offers a unique opportunity to invest in Costa Rica. The teak growing on your land will provide a good return but better than that as the world economy recovers and more baby boomers seek out their little piece of paradise the value of your land will increase rapidly giving you a spectacular return.”

Costa Rica Invest specialises in eco-friendly, ethical, high yield investments.  All projects are based in the best locations in Costa Rica, consisting of plots of development land with an environmentally friendly angle. Their current development in ‘Di Pacifico Dos’ combines a teak commodity investment traded in USD on plots of land zoned for development. With a double investment in locations where land prices are increasing rapidly, backed by a sound commodity that is constantly ‘growing’, is it any wonder they have so many repeat investors creating wealth naturally?

For more information, including high resolution images and case studies , press only:
Judy Ferguson, +353 (0)1 272 4184, pr@costaricainvest.ie

For more information on Costa Rica Invest and their products:
+353 (0)1 272 4184, info@costaricainvest.ie http://www.costaricainvest.ie or http://www.costaricainvest.co.uk

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Costa Rica Invest specialises in enironmentally friendly, ethically responsible, high yield investments, primarily in Costa Rica. Di Pacifico Dos is Costa Rica Invests current project investing in development land with the added value of teak trees.
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