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Retiring? Why Buying Real Estate For Sale in Costa Rica is a Good Idea

Posted by Saul Rasminsky

The massive recession in 2009 devastated the finances of many people of many countries, including those from the U.S. Between dwindling savings and an economy in recovery, many are feeling the need to reevaluate their retirement plans. Unfortunately, most are discovering that they cannot afford to retire in the USA.

So what to do? Where to live? Purchasing real estate for sale in Costa Rica may be the solution. AARP, Inc., formerly the American Association of Retired Persons, explains why:

Costa Rica is where you go to live the lush life. It is lush with nature—misty rain forests, extraordinary wildlife, and fabulous beaches—as well as such comforting amenities as malls, supermarkets, restaurants, museums, and social clubs. U.S. retirees have flocked here for years, drawn by its mild climate, its prosperity (relative to other Central American republics), its literacy rate, its health care, and, significantly, its stable government—with no army. Another plus: Costa Rica's commitment to a thriving natural park system that is second to none in Latin America. This is as biodiverse a country as you’ll find anywhere.

There are approximately 50,000 U.S. citizens in Costa Rica. That's already a large percentage of the country's overall population, considering that Costa Rica's inhabitants number around 4.7 million. Expats can be found in almost every town, which is something that can't be said about many other Latin American countries.

"There are a lot of Ticos (that's what Costa Ricans call themselves) who speak good English. Those who don't, go out of their way to communicate in some way,” says Skip Anderton, retiree from Texas who moved to Costa Rica in 2009. “There is a lot of sign language and a lot of smiling. Everyone is most helpful."

For those planning to move here permanently, you must apply for and receive legal residency. The process takes a bit of effort, as you will need to obtain certain documents such as birth certificate, marriage certificate, police good conduct report, and the like. Those who are on a pension or social security are required to have an income of $1,000 per month.

It would also be helpful if you visit the country a few times to see how living here suits you. Later, you'll be more confident  when you purchase real estate for sale in Costa Rica. Feel free to discuss your purchase plans with companies like Dominical Real Estate. The expertise of these firms will ensure that you find the right property with which to start the next chapter of your life.

(Article Excerpt and Image from Costa Rica, AARP the Magazine, September/October 2010)
Published Tuesday, November 19, 2013 12:17 AM by Saul Rasminsky

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