Costa Rica the Eighth Most Politically Stable Country in the World

Not only is Costa Rica the 8th most politically stable country in the world but the first most politically stable in the Americas. Regarding the latter the U.S. is only ranked 56th.

This information was compiled by The Economist Intelligence Unit.  They are a division of London’s Economist Group, is the most respected provider of country analysis for governments, multi-national corporations and financial institutions around the world. Through our network of over 500 international contributor economists, we establish independent macro-economic outlooks and detailed reports on the political and commercial environments for over 200 countries around the world.

What does all of this mean? Costa Rica is a safe place to retire and invest.

Costa Rica making headlines again

Costa Rica Any Way You Want It

Costa Rica continues to capture the headlines. Besides being Latin America’s premier retirement destination, Costa Rica continues to stand out for its natural wonders. The country has been described as a Disneyland for eco tourists.

People come here as tourists and fall head over heels in love with the country to the extent that many of them and up moving here. I don’t know how many times I have heard tourists say, “I wish I could live here.”, only after having spent a couple of weeks touring the country.

To se the recent new York times article praising the country please go to this link: http://travel.nytimes.com/2009/03/22/travel/22CostaRica.html?pagewanted=1

Thoughts on investing in Costa Rica in bad times

Costa Rica  is one of the prime retirement destinations in the world because of all that it has to offer.

Costa Rica is one of the prime retirement destinations in the world because of all that it has to offer.

Most everyone is reluctant to invest because of the current world economic crisis. I understand their mind set but think they should consider the following reasons why I still consider Costa Rica a good investment.

First, a lot of big players like Intel, Wal-Mart, City Bank, Amazon.com, Proctor and Gamble and a whole lot more have invested hundreds of millions of dollars in the country.  If big players are doing it than you should feel safe investing, too.

Costa Rica is the oldest democracy in Latin America which is tantamount to political stability and thus making it a good place to invest. The country has NO army nor is there an imminent threat of terrorism. How many places in the world can make this claim?

Insured state-run banks, escrow services, title insurance, diligent lawyers and a national registry exist to protect buyers.

The country is also Latin America’s number one warm weather travel destination according to many travel publications. This trend is not expected to change. Tourism will continue to fuel the investment climate despite international events. Most tourists fall in love with the country and many end up investing in real estate here.

Investing in hot foreign real estate markets has become an alternative to more traditional investments at home. Baby Boomers also have their eyes on Costa Rica. The country is one of the prime retirement destinations in the world because of all that it has to offer.

One Costa Rica’s major  selling points is its affordable laid-back lifestyle. There is every imaginable activity both indoors and outdoors to stay busy and happy. Most people who have moved here say they have a better quality of life than in the States. The bottom line is that “It’s really all about lifestyle.”

Costa Rica offers a wide variety of choices for investment: condominiums, homes, gated communities and more in different settings like lakes, mountains, beaches and urban environments. In Costa Rica there is “Some thing for everyone and everything for someone.”

I have personally invested in Costa Rican real estate over the last fifteen years and have done very well. Granted the market has slowed down but the country’s track record remains excellent. In fact Costa Rica is considered one of the five best emerging real estate markets in the world. If you look for VALUE properties you will not go wrong.

Many a wise investor knows that to make money sometimes it is necessary to do the opposite of the masses. Most people are hesitant to invest now. Perhaps it is the right time for savvy investors to look at the opportunities and bargains out there. Most adroit investors survive the bad times and the majority use adversity to get ahead. In Spanish we say, “Smart fishermen know how to catch fish in troubled waters.” Think differently!

There will be bargains out there as many people seek to unload their financial burden at lower prices. Buy wholesale!

A few people I know have been land banking (investing in land) and just waiting for the good times to come back. They know that their property can be cashed in a later day for a nice profit.

There you have it! All of the facts and reasons are listed above. Now you have to weigh them and decide if Costa Rica is right for you. Investment in Costa Rica isn’t for everyone.

Floridas Promoting Costa Rica for Retirement, I made the news again…

By Michael Pollick
Published: Sunday, November 16, 2008 at 1:00 a.m.
Last Modified: Sunday, November 16, 2008 at 3:48 p.m.

Rudy Matthews of Costa Rica Retirement Vacation Properties shows an Atenas hillside home site to Lanna Mingo, a Colorado woman who is considering making the move to Costa Rica.

Rudy Matthews of Costa Rica Retirement Vacation Properties shows an Atenas hillside home site to Lanna Mingo, a Colorado woman who is considering making the move to Costa Rica.

THE NEW WORLD

Christopher Howard may be the Christopher Columbus of the Americans-to-Costa Rica movement. He discovered his new world and moved to the Western Hemisphere’s second oldest democracy in the late 1980s from San Francisco.

He began his guru career by writing “The Golden Door to Retirement and Living in Costa Rica” in the early 1990s. “In those days, it attracted a lot of eccentric-type expatriates,” he said of his earlier efforts.

Howard has been updating his book ever since, and using it as a springboard for tours. Seven gringos, including a reporter and the Lynches, participated in one of Howard’s more recent relocation and retirement tours.

Guests spend a couple of days in intensive seminar sessions, learning about everything from containerized shipping to BUPA, a health care plan aimed at expats.

They get a whirlwind tour of sample residential properties ranging from the $750-per-month rental home that the Lynches took to high-rise condos in the ritzy Escuzu enclave that go for $500,000-plus.

Both Costa Rica and Panama have gradually acquired a safe-haven status in the minds of a growing number of Americans, even though both have a higher rate of petty theft and break-ins than most Americans are accustomed to.

The fact is that it would be tough to travel through Costa Rica for even a few days without meeting a few Norte Americanos.

While Mexico has more U.S. retirees than any foreign other country, Howard notes that it is a nation of 100 million. The Association of Residents of Costa Rica, a nonprofit expat group, estimates that there are at least 50,000 U.S. citizens — or about 1.2 percent of the Costa Rica’s population — living there, many of them from Florida.

Howard hooked up with a real estate firm specializing in selling property to Americans: Costa Rica Retirement Vacation Properties. One of its key agents is Rudy Matthews, who hails from Tampa.

“Most people who come here, they are looking for a less expensive style of living, which is still here,” Matthews said. “What is driving people out of Florida are the property taxes and the insurance, whether they are going to the Carolinas or to Costa Rica.”

While it was once true that a beachfront home for $40,000 could be had in Costa Rica, only countries like Ecuador or Nicaragua could provide those prices today.

“Those days are long gone, but if you are selected and give yourself time to look around, you can still get a reasonable value,” said Matthews, the Tampa Realtor.

Read a complete version of this article: http://www.heraldtribune.com

Costa Rica is less dependent on the U.S. than you might think

This helps to minimize the problems which currently plague the U.S. Ecoonmy.

Costa Rican depends less on the United States for exporting its products than before . This is due to sales to of the increase in sales to European, Central American, Asian and Caribbean countries.

In 2007, Costa Rica exported a total of $9,000 million in products, 35% to the U.S.A., 21% to Asia, 21% to Central America and the Caribbean, 15% to Europe and the 8% to other countries.

Further the real estate market is less leveraged that its U.S. counterpart. It is much harder to qualify for a loan that it was before. The country has buyers not just from the U.S. but from Europe, South America and other countries.