US Investment
Legend Gives The Nod To Investing In Costa
Rica
Legendary US investor Henry Kaufman has
invested heavily in residential Costa Rica
real estate, as a sign of his confidence in
the region. The new River Park project,
based in Santa Ana will, he believes, add to
the 'upscale' ambiance of the area.
According to with Mr Kaufman (who, in 2006,
bought a third of downtown Tulsa for 100
million dollars); the sales drive for the
new project will 'be global'. The new Santa
Ana condo project will house a senior
community that can expect the very best in
retirement living.
The list of facilities already planned
within the complex bode well for anyone
wishing to obtain property there, with a
large number of dynamic, health-focused
options being available. Mr Kaufman's aim is
to enable his retiree clients to enjoy an
active and healthy lifestyle, with one of
the best climates in the world on their
doorstep.
Speaking about recent global investment
problems in a video interview with Scott
Oliver (author of 'How to Buy Costa Rica
Real Estate'), Mr Kaufman stated that he
believes Costa Rica has gone against the
grain, and has 'successfully avoided any
mistakes'. The cost of living in Costa Rica
is significantly lower than it is in the
United States, and this, along with the
incredibly high standard of living in the
area, will form the basis of the main sales
thrust for the project.
When talking recently about the project, Mr
Kaufman noted that real estate investors in
Santa Ana, and in Costa Rica as a whole,
were essentially onto a good thing. Banks
protect investment, and taxes are not as
prohibitive as they are elsewhere in the
world. What's more, any retirees who choose
to live in Costa Rica can expect to not have
to pay taxes on their pension income, or
indeed their social security income. Key
benefits like these explain why large scale
investors like Mr Kaufman choose to put
their money into the country. Mr Kaufman
joked about the massively advantageous tax
situation in Costa Rica, saying that
property taxes were 'so low' that he may
'object'.
The presence of Mr Kaufman among the
investor list in Costa Rica confirms that
the area is becoming a hot spot for foreign
capital. He thinks anyone wishing to retire
should 'choose Costa Rica...absolutely' and
that the social life and climate are wholly
suitable for retirees. Mr Kaufman himself
established part-time residency after being
in the area for just two days. In the
interview, Mr Kaufman stated that he
believes this is an 'opportune' time as
regards Costa Rica, citing an expected 12%
annual return on investment.
Santa Ana is located west of the capital
city of San José. It is home to a large
number of multinational companies, as well
as a bustling retail hub. It is well known
for its fantastic health care facilities,
and has one of the best hospitals in Central
America. Most expatriates from the US,
Canada and Europe are choosing to live in
this part of the world.
Written by Scott Oliver, author of How To
Buy Costa Rica Real Estate Without Losing
Your Camisa
|
|
|
|
|
| |
|
|
|
|
|
