Retirement in Costa Rica
Do you need help searching for real estate in Costa Rica? Are you considering a Costa Rica retirement? Let Costa Rica Best Buy be your guide to finding Costa Rica luxury real estate. Before you even consider making a property purchase, let our team of experts help you through the process of securing a Costa Rica investment.
Costa Rica Retirement: Take it from the experts
Christopher Howard:
Faced with the spiraling cost of living, oppressive taxes and a slew of government regulations in the U.S. , people of all ages (including baby boomers and entrepreneurs) are searching for an affordable place to reside outside of the United States without sacrificing their current lifestyles. Retirement in Costa Rica may be the perfect solution.
Costa Rica seems too good to be true. The country never experienced the ravages and exploitation visited upon other countries in Latin America by the Spanish conquistadors. Instead the country was originally settled by colonists who were forced to supply the labor themselves. Thus, a sort of egalitarian society developed with everyone doing their share of the work, and few becoming very rich or very poor.
As a result, today Costa Rica has the largest percentage of middle class and the most equitable distribution of wealth in Latin America. In sharp contrast with the history of most of the other nations in the region, democracy has been the norm for the last fifty years and not the exception. The country seems to be blessed since it recently escaped the destruction and loss of lives unleashed on Central America by Hurricane Mitch. Combine this political stability and year round spring-like weather in the Central Valley (72 degrees average), the friendly people who actually like Americans and it is easy to see why Costa Rica has become tops on the list of expatriate havens. There are more Americans living there per capita than any other country outside the U.S. The country has become very Americanized and occupies a place somewhere between the first and third world, so Americans should feel right at home.
Costa Rica Investment
Looking for a Costa Rica real estate investment? Now is the time to act. Property in Costa Rica is quickly becoming a very hot commodity. Costa Rica ranked among the top 10 fastest growing tourism markets according to Future Brand, a travel industry research firm. If you want to find the perfect Costa Rica condo or other Costa Rica real estate, let our team help you find the ideal vacation home or retirement retreat.
Costa Rica Ranked Among Top 10 Fastest Growing Tourism Markets The Travel Industry Research Firm Future Brand
1. As of the end of May 2006 construction in Costa Rica is up SIGNIFICANTLY as compared to the year before. According to the Camara Costarricense de la Construccion: residential is up 65.5%, commercial grew by 83% and industrial is up by 64% and around Jaco, up 128% overall.
2. Starwood Hotel & Resorts Worldwide & Costa Rican Development firm Grupo Genesis announced plans this week to build a new hotel, St. Regis Resort, on the Central Pacific coast, 10 minutes north of Jaco. The resort will reature 133 rooms, a dramatic cliff-top presidential suite, a spa and residences
3. Hyatt Regency Azuleta Resort & Spa, which will begin to be constructed in July with the first phase projected to be completed in 2008. The entire project is estimated at $200 million.
4. HP to Expand Costa Rica Call-center operation, US computer firm Hewlett Packard recently announced a major expansion of its call-center operation in Costa Rica, which already employs 3,300 staff.
5. Bridgestone Firestone is to invest another $50 million in Costa Rica in the next five years to modernize its operations and equipment.
6. Showing confidence in Costa Rica, the Costa Rican subsidiary of the Canadian banking giant Scotia Bank acquires Interfin Bank for just under U.S. $300 million, becoming the largest private bank network.
7. Costa Rica Economy recovers. The data to March 2006, the most recent fully available shows a 6.8 percent increase compared to the same period ending in March 2005.
8. Moody's improves Costa Rica credit rating.
"Moody's based its decision on the improved fiscal status of the country, promoted mainly by the restrictions on spending which allowed for a larger surplus".
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