Retire In Costa RicaOf late, Costa Rica, also known as the "Jewel of Central America" has become a popular retirement destination. The reason to retire in Costa Rica are several and important from the point of view of an investor and a buyer. Let's take a look at some main factors that make retiring in Costa Rica such a great option. The Top 5 Reasons are: 1. Close proximity of Costa Rica to United States 2. The climate of the country 3. Abundance of natural beauty 4. Beautiful culture 5. Low cost of living but high standards Also, the people of Costa Rica are friendly, warm and affectionate. Let's now take a look at some other important factors that make retiring in Costa Rica easy and affordable. Geographical Location If you are a US citizen, then you'd want to retire in a place that is close to your home country. With Costa Rica, you have that advantage as it is geographically very close to America. Just a few hours of flying and you land in Costa Rica from southern American mainland and there are frequent flights from Costa Rica to America and European countries, making it not just well connected by also making traveling to and fro easy and convenient. Cost of Living Another very good reason for retiring in Costa Rica is the low cost of living. As compared to US, cost of living in Costa Rica is much lesser and therefore you can afford to lead a high standard of life. Here's an ex: If you dine out in Costa Rica you will spend around $12, while a house maid may cost you as low as $150 for a month. Also the household items of daily use are almost 60% cheaper than in America! So you can actually live a good and comfortable life in only a couple of thousand dollars every month! Real Estate Cost As compared to real estate in America, the cost of real estate in Costa Rica is far cheaper and standard is at par. Therefore, even though the real estate prices have shot up in past 2-3 years, you will still be able to find a small and decent home for as low as $80,000 in Costa Rica. Definitely a choice that not only suits your pocket but also your lifestyle! Additionally, according to the Costa Rican law, foreign nationals are entitled to the same rights as the country's citizens. Also, the country has a history of peace, stability and democratic rule. As a senior citizen, you'd want to have peace of mind and a peaceful economic and political environment in the country you choose to retire in. Costa Rica not only fulfils those needs but also gives you legal rights adopting you as a citizen of their country! And when you buy a property in Costa Rica for your retirement, you also gain from the real estate boom that has captured this country's imagination. Houses that were bought for just $30,000 about 15 years ago have now risen to almost $700,000 today! If you have been on the offence about retirement in Costa Rica, then I hope you have learnt something useful. Retiring to Costa Rica should be a natural choice for anyone who loves the great outdoors! |