December 11, 2011 ? As the real estate industry slowly tries to heal itself around the world, Costa Rica is cashing in on real estate projects that are starting to attract many people in the United States and Canada.

The reason being is simple, real estate in Costa Rica offers some very secure real estate projects at prices so affordable that most people can?t get them out of their head.

Most people that are attracted to these projects are people that are looking to retire in the next couple of years and are thinking about their options abroad as well as a handful of younger people that are looking for real estate investment or simply want to live in Costa Rica for a lifestyle change.

In the past few years, a few real estate projects in Costa Rica struggled to sell their properties but as the real estate market has been getting back on its feet, new influx of money has been injected in these projects making them even more secure as an investment then before.

In general, real estate developments are 15%-30% cheaper than buying a house outright and in most cases, the property value ends up getting higher as the project comes closer to completion.

On top of that, some of these real estate projects in Costa Rica have prices as low as $40,000 with owner financing which makes these projects an unbelievable bargain even in Costa Rica.

One prime example is the ?Casitas for Sale? projects by >Randy Berg, a known real estate project developer, real estate guru and owner of CR-Home.com.

The ?Casitas for Sale? project consists of 4 projects that are each located in prime areas of Costa Rica that include beach side property, beach view property and in the peaceful and beautiful mountains of Costa Rica.

Even though they are some risks involved in buying an under-construction property, they are ways to protect yourself by doing your homework about the project itself which include:

• Asking for a copy of the project?s drawings, duly stamped by the municipal authorities
• Getting information about the location of the project as the Locations should be chosen for future appreciation potential
• Check on option to choose a construction linked payment plans, which are usually structured on a project-to-project basis
• Check into the finances of the project by insuring that the project is funded by a known bank and has all of the correct approvals.
• A prospective buyer should check into the developer?s credibility, past projects and performance and delivery record
• The buyer is perfectly entitled to ask for copies of all necessary permissions prior to making a financial commitment

As the real estate market blooms again in Costa Rica which is estimated to start sooner then we think, investing into a real estate project in Costa Rica today could be your way to landing yourself some high valued real estate property at a fraction of the price!

?

Lindsay Long is a real estate broker in Costa Rica that specializes in finding residential properties in Costa Rica for her clients. She is an avid surfing enthusiast who has traveled in many parts of the world. She can be reached at: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

?