Over the last 10 years, land purchases and development have skyrocketed in countries like Belize and Costa Rica. Foreign investors are buying up land on word value is skyrocketing. You may have heard land in Australia nearly doubling in value over 10 years... try 3 years in Costa Rica.

There are many dangers in owning land in Costa Rica, such as: the uncertainties of the 'Zona Marítimo Terrestre', the risk of squatters and the possibility of expropriation, which is the taking of private land for public use [a.k.a.: government seizing your property]. The Zona Maritimo Terrestre is the first 650 feet of beach front, which is owned by the Costa Rican government.

Land in Belize, a country about the size of New Hampshire, is a little more risky in purchasing. There are a group of fraudulent sellers who will sell already owned land to foreign buyers and when the new owner arrives, the old owner will throw them off the land. Give the land-buying process time, this will get rid of the frauds who want to quickly fraud you. Do not let them force you into any transactions you do not want to do! Another concern is the elevation of the lot you are purchasing. Here is an example:

"One of the local land barons had a lot of land for sale. He had a development, with quarter-acre "marina lots" for sale at $40K US. The plans are wonderful. The view is beautiful. However, during the last rainy season, almost all of the lots were under 6" to 2 feet of water."

Properties in Belize can be gorgeous, but you must prepare and read up on local laws and property information. Lastly, we advise you visit the land in the rainy season to be sure you aren't buying a large puddle.

Lastly, if it sounds too good to be true, it probably is. Happy property hunting!

Source: HyipBetting.com

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