Welcome to News on the 17th! Our monthly news update.

FOREIGN INVESTMENT TO COSTA RICA!

TRADUCCIÓN AL ESPAÑOL AQUÍ

The Costa Rican economy could get a great boost from foreigners who are seeking to buy properties in Costa Rica. A law is in review to allow Costa Rica residency from property purchases being reduced from $200,000 to $150,000.

Other laws in review for foreigners are a tax-free importation of vehicles for personal or family use and a one-time tax exemption for importing household goods.

These kind of incentives can attract foreigners to invest and spend in Costa Rica versus other countries. A stronger Costa Rican economy leads to a stronger real estate market that can lead to higher prices for sellers to more construction for developers.

The real estate market in Costa Rica is thriving.  Lots of sales have been made throughtout both the Central Valley and Coast during May and Now! This trend is expecting to continue these next few quarters.

Thank you for reading my article today!

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As always, I look forward to working with you now & in the future…

Anthony