The depressed real estate market which is currently taking its toll on the USA and UK is also finding its way to Costa Rica, increasing the number and variety of foreclosures on the market. This ideal buyers market creates the perfect opportunity to find excellent deals on foreclosed properties in Costa Rica. Why pay normal market value when there is sucha great selection of foreclosures to choose from?

For both national and international investors Costa Rica has always been a strong market, with a good ROI on development and rental businesses related to upscale and luxury housing, second homes, and large infrastructure in the city centers. A recession may slow down the boom, but its growth has a momentum which will continue to fuel development for years to come, hopefully long enough to leave little trace of any recession before the market turns up again quickly.

Once the market stabilizes, Costa Rica’s popularity will return to its normal attractive state, and the resilient development drive will continue to spread throughout Costa Rica’s rich green land. This is the time to invest in Costa Rica foreclosures, right now and for the next 6 months, and receive the highest potential ROI in the natural cycle of any economy.

It is easy and legal for foreigners to buy property in Costa Rica, whether they are foreclosures or not, foreigners have the same legal rights as a Costa Rican. Foreigners can own property outright under your own name, or you can make the purchase through a Costa Rican corporation. Anyone can set up a corporation in Costa Rica and this is a common strategy for buying properties in order that any profits from rentals or capital gain are taxed as a Costa Rican company rather than as personal income, and allow for expenses including travel expenses to be deducted before net profit is calculated, although this may depend on where you are from.

When buying foreclosures in Costa Rica, as in any other place, you must take into account that you should look for a professional that lead you through the auction process in Costa Rica. That is the reason why Exclusive Real Estate offers the Foreclosures System to our clients, those clients who really want to invest in a save and professional way. Log in with our company and we will send you the most interesting property information on Costa Rican foreclosures weekly.

Our Foreclosures service includes:

1. Legal study on the property
2. Proper plans
3. GPS location
4. Cartographic Map location
5. Estimated value of the foreclosure property in the auction
6. A copy of the file
7. Property visits
8. Photographs
9. Preliminary expert advise
10. Similar property research
11. Owner’s property information
12. Copy of the report from the Registro Nacional de la Propiedad (National Property Registration)

Register and work with Costa Rican professionals from Exclusive Real Estate