Voted one of the top five countries to retire in again this year, the Costa Rica real estate market shows no signs of slowing down. Political stability, great weather, natural beauty and good healthcare are all factors contributing to Costa Rica’s surging popularity as an international favorite destination spot. The real estate market is stable in Costa Rica. Large numbers of Europeans, Americans and Canadians flocking to this country have fueled a residential building boom. Construction has surged in the last several years across the country. An increasing number of American potential buyers are looking in the southern pacific zone to purchase property. For the buyer looking to purchase a new home in Dominical, the area’s communities offer a high quality of life in a pristine environment with some of the best surfing in the world.
For many expats, Costa Rica is an ideal place to purchase a residence. Retirees settling here have a relatively easy time establishing residency. For retirees who want to become a permanent resident in Costa Rica, they need to show a guaranteed income of $1000 per month. With a wide range of real estate prices, there are many options when it comes to purchasing a home from the million plus luxury villas to simple houses for under $100K. For fixed income retirees, settling in Costa Rica can relieve a lot of financial pressure. Money stretches much further here than it does in their respective native countries.
Costa Rica real estate offers a wide range of options from beachfront luxury homes to condos with ocean views to mountain retreats to small farms. With many choices, expats can easily find a place suitable to their individual tastes and preferences while enjoying a bit of the local flavor and color. Expats can hang together or they can blend into the local culture. Costa Rica is laid back. People take life as it comes here. It is easy to assimilate, carve out a comfortable niche and develop a community.
While the Dominical area experiences a swell in the population during the height of the tourist season, the growing numbers of people purchasing Costa Rica real estate and settling here year-round creates an anchor community for retirees to easily tap into and get established. Plus, based on the current volume of real estate transactions, this little country shows no signs of slowing down in popularity any time soon either.