It’s not just the close proximity to the US that makes Central America an attractive investment choice. There’s a lot more going for the region than just that. In this article we look at Nicaragua, Belize, Costa Rica and Panama to tease out what makes these four countries stand out for overseas property hunters.
Real estate investors in search of new “under the radar” regions know that property investment markets often develop on the back of strong vacation markets. Taking Nicaragua as an example, recent years have seen a significant growth in visitor numbers and vacation hospots are developing fast. Many analysts believe that property values will follow suit. So for those with a speculator’s stomach Nicaragua property is often on the short list.
Another location well worth looking into for real estate profits is the small country of Belize. Belize is the only English speaking country within Central America and a recognized tourism destination. Investors are primarily attracted to property on the Caribbean coast with access to the barrier reef. The region is internationally renowned for diving and snorkeling particularly from the beautiful island of Ambergris Caye. Belize also offers tax advantages, which together with strict banking secrecy laws, make the country a favorite retirement destination.
Costa Rica has long been known as an outstanding location for overseas real estate investment, retirement life and, of course, as a vacation spot. The seaside playground of Jaco beach provides notch surf breaks and attracts enthusiasts from throughout the world. The northern Guanacaste region – encompassing Tamarindo, Flamingo, Playa Hermosa and the Papagayo Peninsula – has attracted the attention of world class hospitality brands. For investors seeking more emergent (and lower priced) areas for investment, the southern Pacific coast of Costa Rica beckons.
Finally we turn to Panama. Panama is located on the southernmost part of Central America. Much of the real estate attention has been focussed on the capital, Panama City, with it’s soaring condo towers of steel and glass. But areas such as Boquete in the highlands, Bocas del Toro on the Caribbean and the Coronado beach area located just 60 minutes from the capital have also received their fair share of attention. Panama has a lot going for it including a business-friendly government, a robust economy with the US dollar as it’s currency and a benefit laded retirement program. And what’s more it’s currently a buyers market for Panama property, with great deals to be had.