Why invest in real estate in Costa Rica

Costa Rica is an excellent place for all those who wish to invest in real estate and, in turn, have a life with the quality to which every human being should aspire.

Currently, this country is considered a success story in terms of development thanks to the economic growth it has achieved in the last 25 years, where its foreign-oriented economy, together with the openness to foreign investment and its free commercialization, have placed said country to sustain itself with an upper middle income.

But, what measures has Costa Rica taken to place itself where it is now?

Being a world leader is not easy at all; you must take harsh measures and have strategies that cover all the necessary areas for you to go from being an average Latin American country to an outstanding one.

In recent years, this Central American country has considered environmental policies and achievements in favor of creating its Green Mark, which promotes the conservation of forests and biodiversity, becoming the only nation that has restored deforestation and conservation of endemic species.

And what about poverty? Political stability and its economic growth have yielded promising results since, within Latin America, Costa Rica has been considered one of the lowest and most special poverty rates between 2010 and 2019, when the population with incomes below 5 5 dollars rose from 10 to 12%. In addition to having one of the highest literacy rates in Central America.

Now let us remember that every developing country considers health as its main ally. For this reason, Costa Rica has worked to maintain a solid health system, where its inhabitants have access to public health; however, it is worth mentioning that it has also been one of the countries that face significant challenges due to the COVID-19 pandemic, where despite acquiring a timely response to the crisis, its economic system contracted 4.6% due to low investment and in private consumption.

Of course, this is not a reason not to consider investing in this country, since it is estimated that said GDP will grow 2.6% for the remainder of 2021 and an additional 3.3% for 2022 since it is projected that the fiscal consolidation in which it was working based on its new budgetary reforms, will be resumed in the remainder of this year and finalized for the next.

Today, thanks to the global vaccination system, Costa Rica hopes that tourism – one of its primary sources of income – will reestablish itself and allow the previous projections to be successful, mitigating two primary challenges: fiscal situation and inequality.

Therefore, it is necessary to mention that Costa Rican success is based on three fundamental basic pillars: inclusion, growth, and sustainability. Posts are needed to develop a nation that provides well-being, not only for its national inhabitants but also for all those foreigners who wish to be part of this great nation.

Once the general overview has been reviewed, it is time to mention the five most notable points to choose Costa Rica as your following country in which to invest.

5 reasons to invest in Costa Rica

Many countries have unique benefits to their residents and foreigners who want to live there. However, read our five reasons to choose Costa Rica as your next investment destination, and don’t think twice!

  1. Costa Rican infrastructure

San José, the capital of Costa Rica, has a critical communication infrastructure, maintaining proximity to the main ports and airports, making the entire country an outstanding export, import, and tourism zone.

Did you know that Costa Rica offers direct and high-frequency flights to various international destinations? But, you say, and that is remarkable? The answer is yes because a country that is ready with land and air routes opens an invitation to its nationals to travel freely and to its tourists that regardless of whether they arrive at its main airport (Juan Santamaria) or the Oduber Airport, they will have the ease of moving to the beautiful beaches of Guanacaste, Flamingo Beach, and Tamarindo.

Now, the city of Liberia has been significantly benefited by the Inter-American Highway, which runs from the United States to Chile, and of course, Costa Rica, with its modern and well-maintained highways, allows the facility to any national or foreigner to know about its beautiful landscapes.

  • Investment with commercial interests?

Yes, you read that correctly. Costa Rica is more than just a financial oportunity, as it offers its investors the possibility of obtaining commercial interests. This means this Central American country offers a great variety of investments, where the government and the business scene can work and grow together.

  • Dream holidays

Costa Rica is considered among the most diverse countries, you will discover new animals and plants every time you vacation making them unforgettable. Its combination of nature and multiple activities leaves everyone full of excitement and eanting to live here (yes, all tourists).  Purchasing a property in this country will allow you to have planned getaways in this tropical paradise. Now, you could also make a profit by renting it for short term vacations or annual contract rentals.

  • That being a foreigner is not a limitation

Residents and non-residents have the same opportunities when we talk about owning a property. Of course, the government exempts various nationalities from acquiring a visa to enter the country. If your country is on this list of exempt countries, you can purchase a 90-day permit for your stay, or you can apply at some point to obtain a residency.

  • Custom properties

Many real estate agencies, such as Pico Mar, have properties and villa rentals that improve the experience of any resident or tourist who wants to live differently and uniquely. Here you can find houses of different models and prices that will surely adapt to your needs. Do not postpone that investment that you could make from today. Take the opportunity and live the life of your dreams.

Advantages of living in Costa Rica

Do you have in mind locating in Costa Rica? It is a beautiful idea! In addition to its incredible climate and impressive landscapes, this destination has many other charms that you can enjoy living in it.

If you want to delve a little more into all this country’s positives, this is the correct text! Next, we list all those points that we consider essential and that, above all, will make you reaffirm the idea of moving to Costa Rica.

The perfect weather

In the world, many people love cold climates, and many others enjoy living in hot climates; If you belong to that part of the population that takes pleasure in sunbathing and wearing light clothing, we are happy to tell you that Costa Rica is ideal for you, because all year round, this destination has a delicious tropical climate.

In addition to this theme, this Caribbean nation allows you to enjoy its beaches, tropical forests, and incredible ecological diversity, fantastic for all those with an adventurous spirit!

Costa Rica is one of the points in the Caribbean that welcomes a large number of cruises during the year because its views, activities, and inhabitants always include you with singular joy.

Incredible rooms and properties to settle in

As in any country, you will find areas with a lot of economic diversity. However, there are many others where wonderful houses and accommodations are located with perfect facilities that allow you to enjoy both inside and outside; an example is the South Coast, Zone Rich.

During your stay in Costa Rica, the most important thing is that you enjoy moments of tranquility; that better way to do it than in the hands of Pico Mar Property Management; with the help of professionals, they can locate you in the right property for you.

It does not matter if it is for a short time or indeterminate time; this island has the best to offer you during your stay.

Great investment opportunities

The Island of Costa Rica is entirely open to foreign investment since, thanks to them, exports have been pluralized with thousands of products sent to various parts of the world; In addition, it has been recognized as one of the 30 major exporting countries of technical articles.

In addition to the above mentioned, here are some other points to consider:

  • Costa Rica is one of the destinations with complete access to telecommunications.
  • With a solid electrical structure, 90% of the energy is renewable.
  • Large bilingual youth workforce.
  • Currently, the Island of Costa Rica has more than 200 multinational companies.
  • There is no requirement to register investments with government authorities.

 Political stability

What many of us look for, Costa Rica has it! This country has one of the oldest democracies in America. It is incredibly proud of its remarkable heritage and traditions of negotiation in the face of confrontation, tolerance over hostility, and, above all, social development over military spending.

Thanks to all those above, the Republic of Costa Rica is home to many international organizations such as the United Nations University for Peacethe Earth Council, and the Inter-American Court of Human Rights.

The political stability of a country is of utmost importance for sound economic and social growth.

Delicious gastronomy

Meats, vegetables, rice, beans, and fruits are part of the eating plan of most Costa Ricans. The gastronomy of this country is very simple but delicious.

There are dishes for all types of palates; the truth is that most of the flavors are unmistakable and worth being tasted.

We share with you some of the typical foods of this warm island.

  • Ceviche: Just as in many other nations this delicious dish is made, Costa Rica has made its version of fish ceviche, made with sea bass, coriander, celery, garlic, onion, pepper, and chili; a unique flavor that amazes everyone who tastes it.
  • Gallo pinto: The traditional dish with which the day is usually started, ” Gallo pinto” is the simplest but delicious, and it is made up of rice, beans, fried or scrambled eggs. It is usually accompanied by cheese, a plate of fruit, and coffee.
  • Chifrijo: For meat lovers, this is the go-to dish! Imagine a dish served with pork rinds, rice, beans with broth, tomato, onion, and banana chips. A true delight that most visitors and residents enjoy to the fullest.
  • Casado: The most typical proposal recommended to eat in a restaurant with traditional cuisine, because that way, you can savor it at the exact point. This dish is made with beans, rice, red peppers, onion, fried plantains, and meat (chicken, pork, or beef). French fries or vegetables usually accompany it.

Majestic landscapes

Beaches and mountains form a large part of the panoramas of Costa Rica. If you visit the coast, you will always enjoy pleasant temperatures that will allow you to cool off in the transparent waters of the sea.

This is an essential destination to explore, as its ecological diversity allows you to enjoy diverse landscapes, as well as its flora and fauna.

If you allow us to provide you with an option to visit, we highly recommend going to the following beaches.

  • The beautiful beach of Manuel Antonio; a hidden gem that allows you to enjoy its fine sand and the transparent water of the sea.
  • The beach of Santa Teresa is ideal for those who enjoy surfing and is close to a tranquil village you’ll love.
  • The beach Avellana is one of the most popular by locals and tourists, in their vicinity can find almost all kinds of services that will facilitate your stay.

After all those above, there is no doubt that you will make Costa Rica your next home or destination. Go preparing everything for your arrival, and do not forget to check in advance all the real estate options that Pico Mar Property Management has to offer you.

This is the boost you need to reaffirm that Costa Rica is the right place for you.  

Costa Rica: Retiree’s Paradise

Thinking about how we will live in our future would have to be a question that all human beings should ask ourselves, not to stop living in the present, but because our actions today will determine how we will live when we are old or simply are retired.

But what should we consider so that we can live that moment in the best way? Yes, we know that it is a pretty subjective question but very decisive in the answer that each human being could give it since it depends on tastes, priorities, and the economic stability that we create throughout our lives to provide the most accurate answer possible.

However, according to the Global Retirement Index 2021, Costa Rica ranked first as a destination for retirees thanks to its climatic conditions, environment, socioeconomic status, hospitality, security, access to health, social and political stability, and well as its closeness to nature.

The surprising thing and reason enough to consider is the publication made by International Living.com, which points out that for the first year, Costa Rica has surpassed countries such as Portugal and Panama, with whom it was always placed in third place and other promising competitors for foreign retirement such as Mexico and Colombia.

Considerations of a country for retirees

Of course, there are a certain number of variables to consider for a country to be considered good to live in retirement, for this reason there is a score of 10 categories of which are included:

Climate

The climate is one of the variables that retirees value the most since it is not the same to live in a cold or variable environment as in a tropical one. Various migration studies indicate that retirees seeking to stay in another country consider a warm or humid climate, even a tropical one, to forget cold temperatures. In addition to considering living near a lake, river, or sea that gives them tranquility, self-realization, and security; In other words, they are very inclined to the idea of ​​”living a permanent vacation.”

Governance

It is constantly sought to live in a country with a government system that complies with the four fundamental principles: responsibility, transparency, the rule of law, and participation; because this broad concept will ensure both the quality of life, as well as the measures and regulations to be followed, as well as the opportunities in which the new inhabitant is involved.

Of course, no person will want to go to a country with a system of government that does not match their ideals, whether you are extremist or authoritarian.

Opportunity for entrepreneurship and new projects

They say that retirement is the new adolescence, that stage where you want to venture into new projects and start independence where tranquility and self-realization top the list.

For this reason, many retirees look for a place that offers them opportunities to live with a certain status, have access to a job, or start a personal venture, such as restaurants, cafes, hotels, and creating some homemade products, etc.

Access to health

This fundamental principle of every human being should top the list. In addition to being a right, every individual should seek health and safeguard life regardless of where in the world they are.

Likewise, every retired person seeks to settle in a place that guarantees health, either for constant medical check-ups or for any emergency that may arise.

Healthy lifestyle

Few retirees are looking for an atmosphere of party and self-destruction (haha) in reality; most are inclined to settle in a place that allows the development of behaviors and attitudes to maintain the mind and body in an acceptable way, where the mental health, nutrition, access to physical activity, health prevention, work, relationship with the environment and social action.

Entertainment

Many comments that entertainment and access to leisure activities are the most considered variables among retirees. While many seek rest and perpetual tranquility, others seek to carry out activities that they could not perform during adolescence or adulthood.

This does not mean the search for extreme activities; instead, satisfaction, fun, and exploration of new places are sought.

Benefits and discounts

This exciting variable is considered by retirees seeking support for the elderly,  financial aid, housing support, asylum, and social security.

Visas and residency

Not all seek eternal tourists; many aspire to various types of visas or residences, where they can come and go from their country of origin without jeopardizing their freedom of transit, in addition to many others seeking to know the world without matter your age.

Property purchase cost

If you still have doubts as to why Costa Rica has positioned itself as the number 1 country for retirees, at this point, you will be able to find the answer.

The cost of buying properties is one of the values ​​that are considered yes or yes; the purchasing power of a property will determine the level of investment and the ROI for the purchase acquired. This means that regardless of whether you live there or not, the equity in your property will be higher, even if you only rent it for vacations or indefinite-term contracts.

Without a doubt, if you are looking to buy or rent your next house or villa, with Pico Mar Property Management, you will find the ideal place for your next days.

Hospitality and ease of adaptation to the local culture

If Latin America is characterized in something, it is for its hospitality and warmth; many foreigners feel pampered by their premises, which facilitates adaptation and love for the culture of their new accommodation.

Cost of living

It is essential to mention that the cost of living in any country is calculated by taking the price of necessary goods and services vs. income and budget.

This variable is essential to determine your subsequent establishment during the retreat. And to give you an idea, the summary of the cost of living in Costa Rica estimated in Costa Rican colón equivalent to 0.0016 dollars, is as follows:

  • Estimated monthly fees for a family of 4: ₡ 1,579,012 

Estimated monthly fees for a single person: ₡ 712,948