Properties in Costa Rica Blog

Costa Rica has been for a long time a destination that attracts millions of tourists on a regular basis and this year, it is no surprise that this beautiful country has been crowned as “The Most Desirable Country of 2022” in the Wanderlust Travel Awards taking place in the Tower of London. 

Received by William Rodríguez, Costa Rica’s Minister of Tourism, and other Costa Rican Tourism Institute representatives, this award is truly a reflection of the hard work that is put in year after year by all Costa Rican citizens (specially those involved in Touristic activities). In order to win the gold category for “best desirable country”, Costa Rica had to go past other big finalists such as Canada, Australia, New Zealand, United States, Japan, Peru, Jordan, and South Africa. To be involved in a ceremony hosted by one of UK’s most established travel magazines (Wanderlust) speaks highly of the way in which tourism is handled in the country, especially when it comes to Costa Rica’s position as a leader in responsible and sustainable practices. 

In fact, an important part of the ceremony was dedicated to highlight Costa Rica for being a pioneer in the field of ecotourism, knowing well that the development and implementation of these practices are essential to the world as a response to the ever-growing climate change issues we’re all facing. The discussion of these topics along with the back and forth that takes place in an event such as this ultimately benefits everyone, given that both Costa Rica and other countries implementing ecotourism can feed of each other’s trial and errors and hopefully strive for better and more successful practices. 

Costa Rica has now established itself as a distinguished place for traveling and through its years of experience it has developed a system that is now being properly rewarded in the international stage. Be it pristine beaches, more than 500.000 animal species, active volcanoes, or simply it’s amazing people, you can be sure that booking a flight and experiencing for yourself the wonders of the ‘Pura Vida’ lifestyle is a great vacation idea. 

As always, thank you for reading,

Properties in Costa Rica 🇨🇷

Photo: El Observador

References: 

1. TCRN Staff (Ed.) (2022, November 10). Costa Rica Won the Award for “The Most Desirable Country of 2022” in a Special Ceremony at London. Retrieved November 21, 2022, from https://thecostaricanews.com/costa-rica-won-the-award-for-the-most-desirable-country-of-2022-in-a-special-ceremony-at-london

The current United States and global economic market is having a rough time after the Covid pandemic and more importantly the increasing pressure of inflation and interest spikes. Needless to say, the housing market has also been affected by this context, with rising mortgages and inventory shortages making it truly hard to invest in a home in the United States.

Pros on the subject insist on the fact that elevated home prices are here to stay because of the combination of high demand and elevated mortgage rates, resulting in dreadful scenario for potential buyers.

The good news is that there are other investment options out there, more specially located abroad, in Central America.

We all know that this small country has a high touristic attraction but what about its housing options? Given the uncertainty and unrest regarding home investment in the US, Costa Rica has now become a more viable option, with places such as Guanacaste, Jacó, Atenas, Grecia and Dominical gaining lots of attraction as places for retiring comfortably at a discounted price (as low as USD $50,000 for a decent home in certain areas). Additionally, a huge plus for those looking to swoop a house in the Guanacaste region is the recently renovated Liberia airport, which allows travelers a more direct access to these locations. The key takeaway here is that buyers are now comparing similar beachfront estates in California and Costa Rica and are seeing a drastic difference in value, resulting in a noticeable shift towards investment in the Central America gem.

Also, quality of life here in Costa Rica is known to be a guarantee. With impeccable all year-round breezy climate, kind and loving people, lower home taxes, and of course, stupendous beaches only 45 minutes away from the capital, you won’t miss a thing once you arrive and settle up.

As always, thank you for reading, catch you guys in the next one.

Properties in Costa Rica 🏡🇨🇷

References:

1. Delmendo, Lalaine. (09/11/2019). Costa Rica’s thriving housing market. Retrieved 10/07/2022, from:  https://www.globalpropertyguide.com/Latin-America/Costa-Rica/Price-History
2. Popescu, Roxana. (03/20/2022). House Hunting in Costa Rica: Pools, Ponds and a Glassy Heart Near San José. 10/07/2022, from:   https://www.nytimes.com/2022/03/30/realestate/costa-rica-house-hunting.html