In the past, second-home buyers pushed for a ski chalet in Vale, hip villas in New York, and even a Tuscan villa. But today, savvy investors are looking for a second home in Central America to get the most out of their money.
Now, thanks to technology, the purchase of overseas property is no longer scary. Using the Internet, buyers in the secondary home market in Central America can explore the communities and objects they desire, even without leaving their homes.
The appeal of these exotic places is excellent for many reasons, including:
1) Proximity to the United States -
Central American countries such as Costa Rica, Mexico and Panama are convenient for air travel. In fact, in many regions, there are now new or improved airports and more frequent direct flights from major US and European cities.
2) Unpopulated beaches and ocean views -
The combination of great value and natural beauty is becoming harder to find in the US, but places like Mexico, Panama and Costa Rica offer these qualities in abundance. ,
3) Good investment opportunity -
For people who want to diversify their investments, using money derived from stocks, inheritance, business profits and equity, a second home in an area where the potential for valuation is significant makes a lot of sense.
4) Flight escape -
The second home in Central America offers the opportunity to easily get rid of the stresses of everyday life, relax and have fun.
5) Tropical weather all year -
Countries like Mexico, Panama and Costa Rica offer a temperate climate and abundant sunshine all year round.
6) More value for the dollar -
Rising prices for places such as Arizona and Florida, led many people who want to buy a second residence, to look elsewhere. A holiday home in Central America can cost less than half what a comparable home will cost in the United States.
7) Caring abroad is more affordable -
Affordable home prices combined with low cost of living make Central America an effective way to stretch pension dollars and live a luxurious lifestyle with a lower income.
8) Offers Properties Packages with full amenities -
Major developers are now building upscale, capitally-planned residential complexes offering everything in the second house, including resort-style pools, access to beaches, world-class golf courses, gourmet restaurants, high-end retailers, and personalized concierge services.
9) Welcome attitude to foreigners -
In an effort to attract foreign investors, many Central American countries now offer special incentives for retiring foreigners. For example, Panama offers retirees 10% -50% discounts on utility bills, doctor visits, airline tickets and sporting events. In Costa Rica, capital gains tax is not charged.
10) It is safe to buy abroad -
As countries such as Panama, Mexico and Costa Rica open their doors to foreign buyers, new rules and regulations are being developed that help protect buyers. For example, title insurance, once a rarity in less developed places, becomes standard. And in these countries, foreigners have the right to the same property rights to property as citizens of the country.
