Why Are People Heading For Costa Rica For Their Pension _

Why Are People Heading For Costa Rica For Their Pension ?

The next decade will see 100 zillion Baby Boomers punching the age of retirement. NUmerous will decide to depart the US and live out their golden decades abroad. Some will zero in on Central America, due to its near proximity to mainland US. And between Central American counties , our bets tend to be that Costa Rica may standout from its local neighbors as getting the largest numbers.

Costa Rica isn't a new destination for retired people , tourists or property investors. The country has been on the map for decades and has much more US expatriates as compared to any other country in Central America.

Costa Rica was the first country in central america to launch any “retirement program’ loaded full of incentives specifically to attract retirees. Underneath the program, retirees take advantage of import and house tax exemptions. Some other countries in the region have since followed with their own incentives regarding retirees (and in some cases improved on the approach) however Costa Rica was the nation that started the trend. Commentators are looking closely at the plans that Costa Rica’s brand new president may have for the program.

Costa Rica is a beautiful country with a well-protected network of nationwide reserves. It has successfully marketed itself being an eco-tourism destination under its “no man-made ingredients” slogan. Almost every real estate advancement catering to global investors has some information on environmental duty. Arguably some of this can be empty eco-clichés, and public relations, but the accountable development movement is probably the strongest in the region.

Costa Rica means stability - some thing Costa Rica genuine estate investors and retirees can never acquire enough of. The country is frequently called the “Switzerland of Central America ,” a factor that will wonders for its logos as a retirement destination. The Central valley region and the money city of San Jose in particular seem to stick out as hot pension spots. In this area retired people have access to all the companies and facilities of the mature second home destination including some of the best hotels and restaurants in the country. And of course the Guanacaste region continues to attract investors after a hard 18 months in 2008/9. The projects that are emerging strongest in the downturn are those together with completed amenities, complete properties available for sale that investors can see and touch, and constructed infrastructure.

Costa Rica stands the test of time. Other nations around the world in Central America (for example Belize, Panama and Nicaragua) look to c. R. as a benchmark with regards to marketing to and building for an global market. It’s no wonder so many of their advertising campaigns have the mantra ‘ The New c. R.. ” retiring in Costa Rica