Why Costa Rica > ABOUT COSTA RICA
According to NASA, Costa Rica has the best climate in the world. Add to that its democratic and peaceful government, exponential increase in land and natural resource values, and you have a stable and idyllic escape from reality. To North Americans, Costa Rica is today what Spain was to Europeans 20 years ago.
Full demographic information regarding Costa Rica, it’s government, economy, and population are detailed in the CIA World Factbook for Costa Rica.
COSTA RICA TOPS THE POLLS
Happy Planet Index 2009
- Costa Rica #1 (NEF 2009)
Most Prosperous Country in Latin America
- Costa Rica #1 (Legatum Prosperity Index 2009)
Global Environmental Performance Index 2010
- Costa Rica #3 (Yale University 2010)
Worldwide Political and Social Stability
- Costa Rica #7 (Economist Intelligence Unit 2009)
Most Globalised Country in Latin America
- Costa Rica #2 (Latin Business Chronicle 2009)
Most Attractive Latin American Country for Foreign Investment
- Costa Rica #2 (Financial Times Publishing Group 2009)
BABY BOOMERS RUBBING SHOULDERS WITH CELEBRITIES
Just a couple hours from the US by plane, Costa Rica offers a cheap and safe retirement haven for American, Canadian, and now European ‘Baby Boomers’ interested in acquiring affordable real estate near the sea and beach. With prices now out of reach in Mexico, Costa Rica has seen a steady increase of 7% annually in tourism with an annual tourism industry worth $2 billion. Already a haven for movie-stars attracted to Costa Rica’s diverse, beautiful landscape and beaches, the next decade will see Costa Rican real estate exponentially increasing in value as the demand rises. Over 100 million US and Canadaian Baby Boomers will begin to retire from 2011 onwards and some estimates indicate that up to 10% will seek to retire outside the USA and Canada. These baby boomer retirees will seek good climate, cheaper cost of living and high quality heatlh care and Costa Rica "ticks" all these boxes.
With already so much to offer, the President of Costa Rica, Laura Chinchilla., continues to welcome people worldwide to visit this amazing country on the No Artifical Ingredients Costa Rica tourism website.
BUY LAND – THEY DON’T MAKE IT ANYMORE - ROCKEFELLER
With over 25% of Costa Rica’s land declared as a nature reserve or park, building land in Costa Rica is scarce – more so if you are near to the water. As the ever-increasing demand for well located building plots in Costa Rica continues, the upward potential is enormous for these development plots. Currently house and development land prices in the prime locations of Costa Rica are increasing at over 50% annually.
The Costa Rica Tourism website talks about some of the reasons for Costa Rica’s economic stability.
A number of IT multinational companies (Intel, Microsoft) and pharmaceutical multinational companies (Abbot Laboratories, Johnson, Merck Sharp and Dome) have set up production units in Costa Rica. Companies such as Procter and Gamble, HP and Dell have also installed their regional customer service offices for the American continent in San José. In addition an important high quality textile industry has been developed. In 2006 there was an enormous increase (64%) in the construction sector, mainly due to tourism. In 2006 the country's GDP set a new record with an increase of 8%.
The World Bank talks about the reality that Costa Rica has enjoyed an average income that is among the highest in the region.
SHARP INCREASE IN COSTA RICA LAND VALUES
For some time now there has been a significant increase in the purchase of real estate in Costa Rica. The prices of land in Costa Rica are rising rapidly. Costa Rica Invest knows this, and we anticipate our development land investment projects carefully. When we choose a land investment project, we pay very close attention to the infrastructure and the tourist development in the area. Expert knowledge of the rapid increase of Costa Rican land prices is key in reaching your investment goals.
The Costa Rican real estate market is comparable to the Spanish and Portuguese market 20 years ago. At that time prices more than quadrupled. In Costa Rica the increase in prices is even faster. The opportunities are here now. Various financial news channels regularly air positive reports about Costa Rica, all carrying the same message: "Costa Rica is the hottest real estate market on the planet!".
- Costa Rica rated 2nd in tourism in the Caribbean and Latin America
- Costa Rica ranked in top 10 fastest growing tourism markets
- Costa Rica ranked safest country in Latin America
- Huge inward investment from major multinationals, with many headquarters being set up there
- Highly educated workforce with 96% literacy rates, one of the highest in the world
- Support from the Government to preserve the remaining nature reserves
- Surrounded by extensively diverse flora and fauna
- Many small islands and romantic beaches in sheltered bays
- Dry and warm climate of 24-30 degrees Centigrade year round
- Stable and peaceful government
- Facility to purchase through a company to minimize Costa Rican tax exposure and facilitate easy resale
- Major tourist investment dollars being spent
- Two international airports
- Land registered in your name with the Land Registry
- Excellent infrastructure
Various financial news sources have reported that Costa Rica is currently the "hottest" real estate market in the world. The message is loud and clear. If you are considering an investment in real estate, you need to be in Costa Rica. See the report about the real estate market in Costa Rica by CNBC Europe here: