Quote:
Originally Posted by Peaches
I still remember when WEGCory and Brad Shaw told me Costa Rica was a 3rd world country like Ethiopia when I was looking at property there ;)
For what it's worth, someone in the biz looked pretty heavily in CR and ended up in Panama. Not that CR isn't great too - just a comment  |
It's definitely a third world country where everyone is starving and there are constant droughts Peaches, no healthcare and no education system
Seriously, both countries are very similar, but Panama probably has an edge from a business angle. Both Costa Rica and Panama have some of the best real estate prospects on the planet at this time - far, far above the general investment appreciation values of industrialized countries.
Tho it started before that time, we have seen capital investment appreciate 12-14 times over the last five years and 50% per annum is not uncommon. Not sure what basis Cory or Brad were talking about, but, to put it another way - dumping a million into eg CR six years ago would, - can say for certain that asset is worth around $15 million now.
It's hard to forecast the future, but there is no indication that this will change substantially over the next few years. It is now harder to locate potential investment areas at prices we are used to, but they do still exist.