Where should I buy beachfront real estate? In Ecuador or Costa Rica?
Replies: 18 - Last Post: Aug 16, 2012 4:46 PM Last Post By: kenko
Aug 14, 2012 12:13 PM
Aug 14, 2012 12:29 PM
1ecuador. there is no "cheap but quality beachfront property" in costa rica. plus -- it's very difficult to get real "beachfront property" since the first 50 meters above the high tide line is forbidden from construction and the next 150 meters, you need to get a special permit which is not easy.
Edited by: wiremu
Aug 14, 2012 2:57 PM
2I suspect you're at least 30 to 40 years too late for cheap Costa Rica beachfront.
Aug 14, 2012 5:01 PM
Aug 14, 2012 6:54 PM
Aug 15, 2012 5:29 AM
Aug 15, 2012 7:14 AM
Aug 15, 2012 12:05 PM
7#4 SoloHobo is right.
Very tricky buying property in Central or South America. Move-in day might be crowded!
If you are purchasing for future retirement plans then research the countries financial requirements thoroughly. Go to a website like internationalliving.com for info on specific countries. There are various visa issues as well.
Some countries just require proof of regular retirement income (so you won't be a burden on the state). Others want a large deposit into their state bank (State Bank of Ecuador is one). Don't forget that Ecuador belongs to the same social club as Bolivia, Venezuela, Nicaragua and Cuba.
You deposit the funds.
There is a political/financial upheaval in your chosen country... and it's gone!
Aug 15, 2012 12:37 PM
Aug 15, 2012 2:22 PM
Aug 15, 2012 2:37 PM
Aug 15, 2012 11:39 PM
Aug 16, 2012 4:45 AM
12perhaps we should know how "cheap" and "quality" are defined. is "cheap" something less than $1 million or is "cheap" $20,000. how big a property? as for "quality" -- what does this really mean?
i think you will find anywhere that remote, undeveloped beach property is "cheaper." but there are disadvantages for many: fewer english-speakers, little access to shopping or banking, poor roads, etc.
Aug 16, 2012 5:14 AM
Aug 16, 2012 7:21 AM
14Yes what is cheap? Cheap is something that does not cost a lot, for a reason. Cheap does not mean value, it just means low cost, but low cost is all relative, as whats low cost beach front prices to you? $80K, $200K? As for quality, thats is rather subjective, as it could mean improved, with water/sewer/electric and roads, or palm lines and golden sand, or no rocks, or on a cliff, or next to a town, or remote and desolate, or arid farm land, or dense jungle, or very long wet seasons, or very hot dry seasons, or no police for miles, or no hospital for miles, or no busses accessing it...etc etc etc...if the land is for sale by a outsider, its already too late for cheap, and if the seller of the land is a local and finds out a gringo is buying it, the price just doubled. Has the land already been speculated on and flipped a few times? Each time increasing in value? Thats not cheap, in relative to the original sale price.
Lastly, have you been to the many various beach areas on the Pacific coast alone just in CR, as the north is arid and dry as you go south it gets denser jungle and longer rainy seasons? There are also many factors to consider, from the provincial services, towns and developments to the micro climates and seasonal climate changes...
Buying beachfront land in Tamarindo is a huge contrast to land in Drake Bay, and everything in between. Most of CR has been snapped up long ago...
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