Costa Rica Real Estate Returns To The World’s Top Ten

The list of the top ten most desired real estate investment/retirement locations in the world according to International Living Magazine, is where Costa Rica has made it to again. After having been dropped from the list in 1997 due to what appeared to be over inflated prices this jewel of Central America has once again appeared in the top ten due to many factors including stabilizing prices due to natural economic factors, a rapidly developing infrastructure that includes new highways, new hospitals, telecommunication improvements, and two new international airports.

Costa Rica has recently become a top medical tourism destination due to its high quality of care. Wooing Americans to Costa Rica for Quality and affordable dental and medical Care, is what companies like Health Check Costa Rica are doing extremely well. Bring robust, is what the Central Valley Real Estate market has been, with etirees and what Dennis Easters of Pure Life development of Atenas calls pre retirees. People in their 40’s and 50 are searching for their future retirement locations with a keen eye to infrastructure. An affordable cost of living, is what people want, together with Hospitals, quality medical care, good roads & restaurants. And all that is readily available here.

Recently voted by the AARP as one of the world’s top ten retirement destinations, Atenas, for example, has a population of about 20,000 (including its sprawling suburbs), but the area is known for being safe and clean. Health and fitness centers, swimming pools, tennis courts, excellent restaurants, dentists, physicians, many fascinating shops, and one of the best street markets in the country, is what Atenas has, like several other towns in the Central Valley. And it is also to top it off, spectacularly beautiful.

The North, Central, and southern pacific coasts are all working hard to catch up with the central valley which is ahead of most parts of the country in regards to infrastructural development and many major projects already underway. Welcoming the construction of a 115 million dollar annex to Hospital Cima in San Jose, is Rebecca Clower of Blue Water Properties of Costa Rica in Northern Guanacaste. “What changes the whole picture for Guanacaste Real Estate is the bringing of modern medical facilities to this area coupled with the major expansion of the Daniel Obuder International Airport close by together with the great jobs the government has been doing on public road system of late. Using equity lines of credit, the vacation and second home owners formed our last big boom cycle. Client’s now are different and they look for a dream that is no longer affordable in the U.S. This is leading to a more stable and sustainable growth pattern here in Guanacaste and the beach area in general. A spectacular ocean view lot can once again be had for 100k as new roads have opened up areas here that were not accessible before.

Costa Rica is finally gearing up to retain the honor of being the top destination in Central America, after it has weathered some boom and bust cycles. An intelligent eye to infrastructure, private investment in hospitals and an equilibrium of sorts on Real Estate prices has made Costa Rica an excellent consideration for your real Estate investment dollars, both in our eye and that of International Living Magazine.

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