There is something to be said for living in a tropical paradise. White, powdery sand beneath your feet, azure waters as far as the eye can see, and balmy year-round temps provide the perfect backdrop for tranquility, fun and exploration.
Puerto Rico offers all of this along with glitzy resorts, architectural remnants of a rich, colonial past and an eclectic Caribbean Spanish culture. And the fact that Puerto Rico is a commonwealth of the United States, allowing hassle-free travel to and from the mainland, makes the island a one-of-a-kind destination, perfect to call home. Why Buying Real Estate in Puerto Rico is a Great Idea
There are a number of reasons why buying real estate in Puerto Rico is a great idea. Americans seeking to retire to a tropical paradise or to invest in a hot market are offered flexible financing, zero immigration concerns, and astounding tax breaks. …show more content…
If warm trade winds and picturesque beaches lined with coconut trees are on your “must have” retirement list, Puerto Rico is calling you home.
Here’s why buying now makes a lot of sense:
The property market in Puerto Rico has been in a serious slump over the last decade and prices are currently down, in some places by as much as 50%. It’s definitely a buyers’ market right now. But that won’t last long as more and more retirees and investors learn of the amazing deals to be had on this gorgeous island.
And did I mention the amazing tax breaks. Puerto Rico is one of the most attractive tax havens in the world for U.S. citizens. Those who are attracted to the idea of paying zero taxes on dividends and capital gains should definitely consider moving here full