US Investment Legend Gives The Nod To Investing In Costa Rica
Even though legendary US investor Henry Kaufman is not presently considering real estate or securities investments in the US or in Europe, he has chosen to invest in residential real estate in Santa Ana, Costa Rica as a sign of his confidence in the region.
San Jose, Costa Rica (PRWEB) August 11, 2009 -- 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 Jose. 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 and Costa Rica's Guide To Making Money Offshore, and the founder of WeLoveCostaRica.com which is home to over 2,000 free articles and numerous online videos about Costa Rica living, retirement and real estate.
Get Instant Access To Your Free "Insider's Guide To Living in Costa Rica' here.
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