From South America to Canada, exotic vacation spots draw millions of destination travelers each year. But some of these vacationers want more than just a once a year visit, they are looking for a second home or a vacation home. Based on Internet searches in the United States, here are some of the top countries in Central America where travelers have put a vacation home on their Wish List:
Costa Rica – The country’s slogan is Pura Vida, which means “Simple Life or Pure Life”. Many Americans want to live the Pura Vida in this tropical paradise, seeking a home in luxury estates, ocean and beachfront properties, private jungle settings, countryside, or mountains.
Belize – Ranked by CNBC as a top picture-perfect location for retirement, this English-speaking nation makes it very easy for non-citizens to buy property, as there are no restrictions on foreigners owning property here. There are no capital gains taxes and property taxes are very low. Belize also boasts a low cost of living.
Panama – Foreign investors have targeted this nation as a prime destination for a vacation or second home. The main attraction is price. You will be able to find stunning properties for sale in Panama for two-thirds of what you might pay for a comparable property in the US. Buying property in Panama is easy and there are laws in the country that have been enacted to specifically protect foreign investors.
Honduras – The Bay Islands in Honduras are the country’s prime jewel for real estate, particularly well-developed Roatan, which is home to several thousand foreign residents. While ocean view real estate is on the climb, it’s still more affordable than other Caribbean Islands. A real estate agent and local lawyer are essential in purchasing property.
Ecuador- Home to the Galapagos Islands, Ecuador may be more removed from the US, but it offers some amazing real estate prices. In addition to having the opportunity to purchase affordable real estate in an incredibly beautiful country, buying a vacation home can give you the option of a new lifelong adventure.
Nicaragua – Nicaragua borders Costa Rica to the north and has many of the same natural highlights and pristine beaches, but the price is substantially less in Nicaragua. Nicaragua’s Pacific Coast has miles of beachfront living and the legal and registration process is the same for foreigners as it is for locals. There are also less crowds and lower cost of living.
If you are interested in learning more about vacation homes in Nicaragua, click here for more information.
ECI Development delivers affordable luxury residence and resort communities in Central America, providing our clients with various premier lifestyle options from the Caribbean to the Pacific. ECI delivers inspired residences for adventurous souls.
Coupled with over 20 years of inherent corporate social responsibility in the communities where we work, ECI Development is building a sustainable business that is going to be around for the next 100+ years.