Why Costa Rica is the Destination of Choice for New Retirees

costadevelopers.com

Expats have long been attracted to Costa Rica for many reasons; accessibility, safety, low cost of living, beautiful beaches, modern inexpensive health care, some of the best real estate opportunities in Central America, good infrastructure, lush tropical rainforests, ocean, mountain and valley views, weather unparalleled, theaters, art galleries, and so much more.

Currently by some estimates there are more than 150,000 expatriates living full time or part time in Costa Rica and in many of established expat communities throughout the country.

These numerous and growing expat communities have been a major factor in the growth of the Costa Rica real estate market especially in the past 10 years.

In Costa Rica you will find rich coastal areas along both the Central Pacific and Caribbean, metropolitan lifestyle in the Central valley, adventure and biodiversity National Geographic calls the richest in the world.

Costa Rica is a nature-lover’s dream. The country has a very pro-active philosophy towards conservation and its extensive bio-reserves, ensuring that its jungles, with their renowned biodiversity, continue to be home to a truly stunning assortment of species, from birds to butterflies, monkeys to wild cats, and spectacular flora.

The marine sanctuaries of the Caribbean and Pacific oceans and the rich “bio-corridor” of Costa Rica although being a very small country packs in 5% of the world’s biodiversity.

Costa Rica the largest middle class of all the Central American countries and as well the fastest developing economy, with a long standing tradition of democracy; this could be the biggest driving factor in the Costa Rica real estate market being consistently attractive for the past 2 decades.

Expatriates from all over the world already living in Costa Rica, enjoy one of the most diverse environments and highest standards of living in Central America.

The Costa Rica life expectancy at birth is one of the world’s highest, topping both the U.S. and the U.K.

Tourist services are extensive and with English as a second language, Costa Ricans consider themselves “cultural cousins” to the USA, making the country very visitor-friendly.

The expat population is expected to see tremendous growth over the coming decade with 10,000 baby boomers retiring per day in North America; many are looking to Costa Rica, “The Jewel of Central America” as a place to call home.

Posted by Costa Developers

Costa Rican economy grows more than regional average in 2012

The Costa Rican economy will finish the year with 5 percent growth, a figure that is above the 3.2 percent average for Latin America, according to the Economic Commission for Latin America and the Caribbean (ECLAC).

The most dynamic sectors are transport, storage and telecommunications services, financial intermediation, insurance, real estate and manufacturing.

The study also says the government fiscal deficit will close at 4.5 percent. The fiscal deficit in November was 4 percent.

ECLAC predicted the country’s growth will drop to 3.5 percent next year.

In August, Costa Rica’s Central Bank predicted growth of 4.8 percent in 2012.

Posted By Costa Developers

Costa Rica’s tallest building is completely sold out

costadevelopers.com

A new building, 97 meters high, has taken its place.

The building, part of the project “Torres del Paseo Colon,” is located in Paseo Colon, With its 27 floors, consisting of residential condominiums, plus offices and retail spaces, it is no the tallest building in Costa Rica – and has been completely sold out.

Prices began at $155,000, depending on the size and floor of the condominium.

Construction on a second tower will begin in March 2013.

The building features a jacuzzi, gym, swimming pool, and even an indoor running track.

The total investment made in the project was approximately $30 million.

The second tower will have 127 condominiums, of which 56 have already been sold.

La Sabana, Rohrmoser, Paseo Colon and La Uruca have become attractive areas for these types of projects, which are marketed primarily at the upper class.

However, the Ministry of Housing and Human Settlements (Mivah, in Spanish) also has plans to build such high-rise buildings for middle class families.

Posted by Costa Developers