Legendary Investor Kaufmann looks to Costa Rica

It has been widely reported in the press that legendary investor Henry Kaufmann is investing heavily in Costa Rica.

Kaufmann originally made his reputation as a bond trader and dealer. Specifically he is best known as a contrarian investor - when other investors run for cover, Kaufmann looks for investment opportunities.

In the 1970's Con Edison was in serious trouble. Kaufmann bought their bonds at 30% of face value. The authorities said they would let New York go dark rather than help bail out the troubled electricity company. Of course New York's lights stayed on, the bonds didn't default and Kaufmann made fortune.

As Kaufmann's wealth has grown, so have his property interests.

He bought extensive properties in Soho New York at distressed pricing of US$30 per square foot and sold them on at US$200 per square foot.

Now Kaufmann has stated that he believes market volatility and low property prices are to stay in the USA. As a result he is looking elsewhere for his investment opportunities and his investment country of choice is Costa Rica.

It is extensively reported that Kaufmann believes that Costa Rica will become a huge market for retirees who want good weather, low cost of living and excellent medical care at a fraction of the costs in the U. S. and Europe.

As a result of these retirees and expatriates Kaufmann expects Costa Rica to double gross national product during the next 20 years.

Whilst other investors sell their foreign property interests to cover the losses on their local property (US and European) interests, Kaufmann feels the opportunities lie outside of these markets and specifically in Costa Rica.

And Kaufmann is not alone in these expectations - he joins Steve Case (AOL founder), Mel Gibson, Madonna, Oprah Winifrey and many others who have extensive property interests in Costa Rica.

Finca Di Pacifio Dos offers an incredible opportunity to benefit from land prices increases in Costa Rica. Teak growing on your land provides a secure return whilst the land has the potential to see spectacular increases.