People who took a chance and invested in coastal property in California, Hawaii and some parts of Florida with a $30,000 investment in any one of the three states mentioned above 30 years ago could have returned over $1,000,000.
Today Ocean view properties for sale here are expensive and Americans are looking elsewhere for property that’s cheap and has huge growth potential and getting an affordable slice of paradise
Where are they buying?
Ocean view property for sale can be purchased for just $60,000 and have huge growth potential and Americans are buying in increasing numbers in Central America.
Just a 3 hour flight away and yet ocean view property for sale is up to 70% cheaper than in the USA!
The main market is Costa Rica a safe, stable, friendly country with huge and growing foreign investment. Gains have been stunning for example.
Investors that purchased $30,000 of property in the town of Jaco, just 15 years ago are now worth as much as $750,000.
The Marriot Corporation which built its crown jewel of Latin America Los Suenos Resort and pre sold 50 condos of 2000 square feet for $250,000. The next year Marriot sold another fifty at $350,000. Now this years upper end units are being sold between $450,000 to $850,000.
The same scenario as California, Hawaii & Florida?
The boom in Central America has only just started, record investment and migrants from the US will push prices higher and we could see similar increases here over the next 10 or 15 years as we have seen in the USA.
The boom is set to continue
More Americans than ever are buying second homes and much of the US is expensive, yet Costa Rica remains cheap and gives a high standard of living at lower cost in one of the most beautiful countries on earth.
Buyers of property get the same rights as residents, property tax is minimal and the process of buying and selling is easy.
The capital gains potential
Ocean view property for sale can and does make many savvy investors triple digit annual gains and they are doing this with low risk. Furthermore, they are also able to gain income from the buoyant rental market.
If you are looking for a holiday, a second home or an investment property, then look at the booming ocean view property for sale market in Central America, you will see similar potential for gains that existed in America 30 years ago and the boom has only just begun.
Consider the facts and get on board for big capital gains potential combined with low risk.