Depending on where you are coming from, Costa Rica is relatively inexpensive overall. Most
foreigners from Northern America, Europe and the West Indies (like smaller
island countries) find this to be the case especially for real estate, health
care and labor.
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Consider the example of real estate. The average mid 30 or 40 something professional middle class Swiss and Brit is still unable to buy property at home. However, if they were to swap their tiny one bedroom city apartment for real estate in Costa Rica, they can easily get several acres of prime real estate. While small island states like those of the West Indies are becoming too costly for the average middle income foreign investor, Costa Rica’s larger land mass provides considerably more land to keep it less costly.
-- --
Consider the example of real estate. The average mid 30 or 40 something professional middle class Swiss and Brit is still unable to buy property at home. However, if they were to swap their tiny one bedroom city apartment for real estate in Costa Rica, they can easily get several acres of prime real estate. While small island states like those of the West Indies are becoming too costly for the average middle income foreign investor, Costa Rica’s larger land mass provides considerably more land to keep it less costly.
-- --
However, from my experience, international people are also unanimous
in considering Costa Rica as the most or among the most costly of the Central
American countries. I agree as cost relates to most things that include real
estate, accommodation for visitors, vehicles, appliances and food. Be that as
it may, you can cut these relatively high costs by adopting the Costa Rican life
style in one or several ways. For instance, a Costa Rican diet or Costa Rican
styled homes are far less costly than the American versions. In the case of a typical
Costa Rican diet, it is usually more natural and healthy. Being the natural
environment that it is, Costa Rica also offers a year round abundance of fresh
fruits, vegetables and medicinal plants.
Mercado Central of San Jose, Costa Rica. Fruits and vegetables are plentiful. Other low cost options include Coca Cola a few blocks away.
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Uchuva fruit |
Consequently, this matter of relative high costs may be
somewhat of a non issue when considering the more significant saving gained
through the real estate purchase (which is usually one’s single greatest
investment) against the higher costs of smaller items that may be substituted
for cheaper local versions.
However, before throwing caution to the wind and jumping on the Costa Rica bandwagon, keep some other very noteworthy considerations. Among other things, these include considerations before buying real estate in Costa Rica, the black experience in Costa Rica (or Central America) and so on.
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