Real estate market of Costa Rica
The real estate market from Costa Rica is one of the most exciting in Central and South America as a direct result of the Costa Rican government's commitment to promoting the property sector. With the implementation of a series of tax breaks and investment incentives available to real estate buyers, the success of the Costa Rican property market is practically guaranteed.
On the Costa Rican real estate market you can find all types of properties, from small basic vacation home rentals that cost $60,000 to multi-million-dollar luxury villas. The Costa Rican laws and the constitution of the country protect the private ownership of the land and the foreigner owners enjoy the same rights as the Costa Rican citizens. There are almost no restrictions to ownership of private land. You don't have to be citizen, resident, or even be in the country to own land.
Due to its natural beauty, Costa Rica is an irresistible vacation destination for more and more travelers, so the demand for vacation rentals and hotel accommodation increase continuously. The supply of quality accommodation in Costa Rica cannot meet the current demand and this situation could deteriorate the popularity of the country in short time. The government know about this fact and it search the best ways to attract those wishing to develop the tourism and real estate market>.
Because there is a low crime rate and a relatively low cost of living, Costa Rica attracts more and more peoples willing to move there and to buy a property. This particular group of people represents also a strong resale demand for those who buy now, improve property and intend to resell in the medium term.
Retirement in paradise!
The cost of living in Costa Rica is relatively inexpensive, you can comfortably live there even with a low budget. Many apartments, condos and houses include a living quarter for a maid, with a small bath and bedroom. Groceries cost about 65-70% less than in the United States and the utilities - telephone service, electricity, and water - are cheaper than in North America. In Costa Rica are thousands of restaurants offering local cuisine and specialties from many countries of the world. Large American supermarkets offer familiar products. This products are usually more expensive, but many familiar brands are manufactured in Central America and the prices are affordable.
Because the Costa Rican life expectancy is higher and the infant mortality rates lower than in the United States, it's no wonder that the United Nations consistently ranks Costa Rica's public health system in top 20 worldwide and consider it the best in Latin America! Costa Rica's health care system is available to retirees and other foreign residents too. Most foreigner real estate owners and retirees opt for the medical insurance offered by the government's insurance company at an amazing low rates - $900 per year for a man between 45 and 50, covering 80% from the medical costs. The Costa Rican hospitals regularly do high tech operations such as heart and organ transplants. In almost every town you'll find ambulance service operated by the Red Cross and the sanitary standards are very high throughout the entire country.
Costa Rica is only 3 hours flying from many places in the southern United States. Many flights are available to South America and Europe from Costa Rica. This makes business and vacation travel easy for those who work and retire in Costa Rica. In addition, Costa Rica operates on the Central time zone so it's within 2 hours of most North American cities time.
In Costa Rica are excellent bilingual and trilingual schools available, with the principal language English, French or German. The schools features many qualified professionals and technical personnel and you'll find there many English speaking Costa Ricans to help you in many common situations. Cell phones, telephones, cable TV and internet are widely available in Costa Rica, so you'll have there all comfort that you need.
As foreign investment and retirement area, Costa Rica surpasses many countries, including Mexico, Panama, the countries from the Caribbean Sea, Puerto Rico, and even Portugal, Australia, or Greece! So, it's no wonder that there living more foreigners than in any other country from Latin America! Also, is no wonder that more and more peoples want to buy a real estate in Costa Rica!