Costa Rica!!! Paradise of The Rich and Famous!!!

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Living Abroad Solutions to Scary Retirement Facts

Even in the best of times saving for retirement is often a monumental and difficult task, now with middle class opportunity shrinking, economic “cliffs” and austerity measures, it can be not just daunting but scary.

Many Americans are starting to look at options to make their finances for retirement more assured.

Here are five hard facts on retirement and how living abroad can provide viable solutions.

1. Americans live for approximately 19 more years after retirement

This represents 20-25% of your entire life and further, approximately half the population will live longer than average life expectancy.

Many American (especially baby boomers) have realized that apart from declining middle class opportunities, a potential bankrupt social security system and other economic disasters and woes, their savings are simple not going to last. Many have discovered that living aboard can significantly increase their odds of having sufficient money in their Golden Years.

2. Real estate values

Many retirees are expecting to cash in on their number one asset, their home/property.

The survey conducted by the Professional Risk Managers’ International Association for FICO found that home prices in the united Sates are unlikely to recover before 2020 and mortgage defaults will persist for years, says a survey of bank risk managers.

The report, Emerging Trends in Real Estate from the Urban Land Institute, predict above-average growth for Latin America, well ahead of that for the United States and Europe, and other survey’s from across the global predict Latina America and specifically Central America, will see significant growth in real estate value, as more and more investors jump into the largest emerging market on the planet.

If you are looking at improving your asset value, living abroad on your own real estate is increasing attractive.

3. Medical cost will continue to rise, as well as your need for medical attention

It is a well known fact that US medical costs will continue to rise as will insurance costs. The aging population in US will also require more medical treatments as they age.

It is also a fact that medical and dental treatments and procedures in places like Costa Rica will save you from 30% to 85% compared to the USA. (See TCRNs Health section for numerous article medical tourism)

4. Currently, the average Social Security retirement payment is just $1,220 a month

How far does $1220 go? Not far in North America. There are several areas in Central America, like Costa Rica where $1200 covers your monthly cost of living expenses, rent utilities, food and even leaves a little extra.

For example in Costa Rica, outside of the densely populate urban centers or tourist traps, a nice 2 or 3 bedroom house is around $400/month, utilities including cable and internet will run you around $150/month, food is$450/month approximately.

5. The average cost of an assisted living facility is approximately $40,000 a year in the U.S.

Projections estimate that about 3 million US expats will join the million+ already in Mexico and Central America within the next 10 years. Other estimates place the number closer to 10 million by 2025.

That, added to the shortage of affordable assisted living facilities in the US, creates a huge opportunity for investors and developers. When you search the news online you can find numerous investors, developers and existing assisted living facility businesses already moving south of the border, to take advantage of cheaper development costs, lower cost of living, less expensive but still highly skilled labor, and the growing number of baby boomer expats moving to Central America.

Living abroad for retirement has become a reality for many Americas and is projected to become a major consideration for the baby boomers population which are now hitting retirement age at a rate of 10,000 per day in the US.

For more information visit www.costadevelopers.com and retirement in Costa Rica, contact us on the form below and one of our Customer Service Experts will be glad to help you.

Posted by Costa Developers

Why Costa Rica is the Destination of Choice for New Retirees

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Expats have long been attracted to Costa Rica for many reasons; accessibility, safety, low cost of living, beautiful beaches, modern inexpensive health care, some of the best real estate opportunities in Central America, good infrastructure, lush tropical rainforests, ocean, mountain and valley views, weather unparalleled, theaters, art galleries, and so much more.

Currently by some estimates there are more than 150,000 expatriates living full time or part time in Costa Rica and in many of established expat communities throughout the country.

These numerous and growing expat communities have been a major factor in the growth of the Costa Rica real estate market especially in the past 10 years.

In Costa Rica you will find rich coastal areas along both the Central Pacific and Caribbean, metropolitan lifestyle in the Central valley, adventure and biodiversity National Geographic calls the richest in the world.

Costa Rica is a nature-lover’s dream. The country has a very pro-active philosophy towards conservation and its extensive bio-reserves, ensuring that its jungles, with their renowned biodiversity, continue to be home to a truly stunning assortment of species, from birds to butterflies, monkeys to wild cats, and spectacular flora.

The marine sanctuaries of the Caribbean and Pacific oceans and the rich “bio-corridor” of Costa Rica although being a very small country packs in 5% of the world’s biodiversity.

Costa Rica the largest middle class of all the Central American countries and as well the fastest developing economy, with a long standing tradition of democracy; this could be the biggest driving factor in the Costa Rica real estate market being consistently attractive for the past 2 decades.

Expatriates from all over the world already living in Costa Rica, enjoy one of the most diverse environments and highest standards of living in Central America.

The Costa Rica life expectancy at birth is one of the world’s highest, topping both the U.S. and the U.K.

Tourist services are extensive and with English as a second language, Costa Ricans consider themselves “cultural cousins” to the USA, making the country very visitor-friendly.

The expat population is expected to see tremendous growth over the coming decade with 10,000 baby boomers retiring per day in North America; many are looking to Costa Rica, “The Jewel of Central America” as a place to call home.

Posted by Costa Developers

Living in Costa Rica

Are you considering moving to Costa Rica? 9 Important Points to Life in Costa Rica.

Are you considering moving to Costa Rica? More North Americans are making the move to the tropical highlands or hot coastal lowlands of Costa Rica, and Costa Rica has become the country of choice for the ever growing number of baby boomers seeking new lives, fresh starts, less expensive living and the ultimate eco experience. Life in Costa Rica is an adventure, here are a few points we hope will help.

1. Research your options. Look carefully at the different areas of the country you are considering. Choose your information sources carefully. Talk to as many people as you can who have experience with life in Costa Rica.

2. Visit the country for at least 3 months first. Don’t just come down to Costa Rica for a vacation and then make a snap decision to move. Going back to point #1, an extended stay to learn and acclimate to the culture should be part of your research plan.

3. Choose your neighborhood with care. Look for communities where you will feel comfortable.

4. Recognize things move slower down here. Don’t expect things to work at the same pace the US or Canada. Things just take longer to get done in Latin America. You will have longer waits in the lines for banks or anywhere for that matter.

5. If you planning a business, get help. One highly recommended point if you are planning a business, get help and advice from someone you trust, for legal advice, or corporate identify, a good business consultant will save you thousands of dollars. Costa Developers would be happy to assist you in anything related to this matter. Please contact us to give you more information in info@costadevelopers.com

6. Try to learn about the culture. Don’t make the mistake of just surrounding yourself with your friends; you need to get out and learn what makes the culture tick.

7. Learn the language. Make the effort to learn the language; the locals appreciate your trying and will be much more helpful.

8. Watch out for the con. There are scams down here and many of them prey on the newbie. Most of the scams are actually run by expats. Trust is earned. Do your due diligence on deals, especially real estate deals, where you should get yourself a good real estate consultant.

9. Enjoy the Pura Vida.

We hope these points are helpful if you are planning on living in Costa Rica. If you need any assistance with your adventure from planning to rent to transportation help do not hesitate to contact with costa developers, we will be happy to help you with your new life in Costa Rica.

Posted by Costa Developers

Costa Rica seeks to attract more tourists from the Middle East.

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A new agreement will help boost the number of flights from the region.

Costa Rica and Qatar on Today signed the Central American country’s first open-skies agreement with a Middle Eastern country, aimed at boosting tourism from that region.

The Costa Rican Tourism Board (ICT) said in a press release that the agreement allows flights and airline operations between the two countries.

Tourism Minister Allan Flores said the agreement also will allow airlines to connect from other countries and transfer passengers between flights.

Air Transport Vice Minister Luis Araya said that in the last two years, Costa Rica has signed more open-skies agreements than in the past 100 years.

“These air transport links are vital in an economy in which tourism is our main economic development engine”.

Qatar, an emirate in the Middle East, has the highest gross domestic product per capita in the world ($102,700), and Costa Rica hopes to become a favorite holiday destination for its nationals.

Posted by Costa Developers