Real estate investment info in Costa Rica
Between the Caribbean and the Pacific Ocean in Central America, lies the Republic of Costa Rica (Spanish for Rich Coast). This progressive nation has attracted the attention of people looking for Costa Rica real estate for retirement and investment, because of its beauty, recreational and economic opportunities. The area is also very rich in protected species and national parks. In addition, Costa Rica offers a very high quality of life with its reasonable living expenses and well-built infrastructure.
Buying Costa Rica real estate will not cost much more than if you were buying the same type of property in the USA. The market in Costa Rica for empty lots to build on, or existing homes is fairly close to comparable United States properties. Regardless of your choice for the type of Costa Rica real estate you desire, from beach front, condos or luxury, your price will not be much different for the same type of property in the USA.
Purchasing Costa Rica real estate may seem confusing for a foreigner. However, you should note that many people from the USA and Canada have made Costa Rica their permanent home simply because of the ease in purchasing Costa Rica real estate and the less expensive cost of living.
The average Costa Rican native earns about $500 per month, of which that income allows a native to live reasonably and meet their creature comforts. In contrast, for the same lifestyle in the USA, one needs to earn substantially more. The cost of living in Costa Rica is about 1/2 of that in the United States. An income of $1500 in Costa Rica will allow a person to live well above the average and afford luxuries not available to them in the USA. This is the very reason many Americans and Canadians have chosen to purchase Costa Rica real estate and retire there.
Costa Rica real estate is divided into seven regions, and each region offers many different perks. Costa Rica has more than a dozen National Parks scattered throughout the country, featuring a variety of recreation such as horse back riding, hiking and biking. Water related activities are white water rafting in the wild and untamed rivers, snorkeling through tropical reefs, surfing incredible breaks, sport fishing in crystal clear waters, kayaking and of course swimming. Of course, camping and sightseeing neighboring countries such as Panama and Nicaragua are also opportunities for adventure.
A trip back home for a visit is no problem as Costa Rica also has two international airports with regular flight connections to all of North America, Latin America, and Europe. The local mode of transportation around the country is through taxi and bus services. The cost to travel the island is never very expensive. Of course, when you buy your Costa Rica real estate dream home, you can always import your own car for transportation
