Costa Rica Real Estate Report

The Costa Rica real estate boom going on right now is beginning to rival the US’s own surge in home prices and home sales. Increasingly a favorite of retiring baby boomers, Costa Rica real estate properties are being bought up at an astonishing rate, pushing up prices and spurring additional development.

According to PetroleumWorld.com, “Costa Rica is experiencing a housing boom that rivals anything here in the U.S. and is driven in part by new boomer retirees. Two or three bedroom homes that were selling for $270,000 in December of last year are now selling for $350,000 and $400,000 in some parts of the country.”

Costa Rica real estate is very attractive to retirees from the states because the government does not tax any income earned outside of the country. In addition, people who purchase Costa Rica real estate can buy into a world class public health system that offers excellent care with many US-educated physicians.