Posts Tagged ‘Playa Hermosa Real Estate’

Is Costa Rica a Good Place to Make Money on Rental Property?

Written by Michael Simons on . Posted in Buying and Selling Property in Costa Rica, Costa Rica Real Estate Market Update, Investing in Costa Rica

We have been telling you for a while that Costa Rica is a good place to make money on rental property.  It turns out that we are not the only ones that think this.  A recent article in the Business Insider found that Costa Rica ranks as the 3rd Best country to Buy Rental Property and make money.

Make money on rental property like these condominiums

The research was done by GOBankingRates who reviewed important indicators like monthly rent, rental tax rates and gross rental yields to come up with the amount, expressed as a percentage, that a landlord can expect as return on his investment before taxes, maintenance fees and other costs.  Each metric was assigned a score, and the three scores were then combined for each country to form an overall score, which determined the final ranking. The higher the score, the higher the potential income for property owners.

Here are the numbers for Costa Rica:

Rental yield: 7.48%

Effective rental income tax: 5.16%

Monthly rent: $1450

Although Costa Rica’s rents are comparatively low, it has the second-highest rental yield in the survey, and its effective rental income tax is lower than 72 percent of the other countries reviewed.  Only the United Arab Emirates and The Philippines beat Costa Rica out of all the countries in the world.  Check out the article for details on how to make money on rental property in Costa Rica.

What’s the deal with Costa Rica water?

Written by Michael Simons on . Posted in FAQ's, Investing in Costa Rica

There is so much misinformation on the internet about Costa Rica water. I will do my best here to explain it to you.  One of the main reasons so many foreigners live in the Papagayo region of Costa Rica, instead of anywhere else, is because we have the absolute best weather of any of the beach areas.  Period.  Hands down.  70% of Costa Rica is technically a rain forest.  Key word: RAIN. 

The area of Playa Panama, Playa Hermosa, Playas del Coco and Ocotal has the least amount of rainfall of anywhere in the country.  We actually are one of the only areas in the country that experiences a true dry season.  From January to April we don’t get any rain at all.  Not one single drop.  You hear people say, dry season and rainy season.  This is not true.  We have a dry season, a green season and a rainy MONTH – October.  Eleven months a year we have fantastic weather, and then its one heavy month of rain.

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