Lifestyle.
'Pura Vida' is the unofficial motto of the Costa Rica, which literally translates to 'pure life'. it embodies the Costa Rican ideal of a calm, unflustered life lived surrounded by nature, friends and family. Ticos, the predominant ethnic group in costa Rica, are famed for their hospitable and peaceful ways. Peace is central to the Costa Rican way of life, in 1949 the army was constitutionally abolished.
Affordable Property.
Property costs and taxes in Costa Rica are substatially lower than in North America. Many foreigners choose Costa Rica for Second homes and vacation properties because comparable properties in their home countries are prohibitively expensive. Costa Rica is favorable tax system, including no capital gains taxes on the sale of property, makes it a great place for the investor. Unlike other countries in the region foreign property owners
are given the same legal protections as citizens.
- Taxes on a $250,000 home are approximately $625
- Insurance on a $250,000 home is approximately $675
Cost of Living.
Many people move to Costa Rica because the low cost of living enables them to live a lifestyle that is unaffordable in their home country. Costa Rica's medical services are the best in the region, yet is still significanlty cheaper than the Unites States. The low cost of living and affordable medical care attracts many foreign retirees. The low cost of educated workers attracts many foreign companies as well.