5 Reasons to Invest in the Southern Nicoya Peninsula
If you're looking for your next endeavor - investing in the Southern part of the Nicoya Peninsula is sure to bring a plethora of new opportunities. Not only does its peaceful ambiance make it a highly attractive place to settle-down in or spend extended vacation periods, but as a highly desired tourist destination with a flourishing economy, investing in the area is a smart decision that is sure to attract abundant benefits and profitability.
As a holder of assets and financial savings, there comes a moment of pondering whether there are better ways to invest or manage those assets in a way that will stimulate personal and economic growth. Some look at investments as risky, while others who have done so will tell you it was the best decision they ever made. Those that are familiar with investing know that there is no better choice one can make than the purchase of property for personal or business development. It is a financial investment that will continue to appreciate. This is especially true regarding the rapid expansion this area of Costa Rica has undergone and continues to on a daily basis. The southern tip of the Nicoya Peninsula relies heavily on its tourism and business development. There is a fine line that needs to be kept in mind as the area continues to grow to prevent exploitation or kicking out the locals who were born, raised, and are still working and living in the area. Therefore, conscious investment and development is a striving focus for the peninsula's residents. This is to ensure the beauty of what brings people here can be preserved to its absolute fullest while building a burgeoning economy.
Each of our agents at Coldwell Banker Sunset Reef Realty have a very personal connection to this area and are avid advocates for the conservation of the area's nature and wildlife. We approach each purchase and sale with the utmost respect for the environment and its residents as the area continues its expansion. We want to bring the best of both worlds together to find a happy medium where all can harmonize and thrive.
We have put together a list of our top 5 reasons why we think you should consider investing in this area of Costa Rica and why it would be an investment of a lifetime.
1. Costa Rica has become a top destination for people who want to retire.
Many individuals work well into their 60’s to build enough wealth that will allow them to finally have the opportunity to rest, relax, and enjoy their surroundings. They make plans during the length of their career on what they will do once they retire. For most people, that involves relocating to a tropical destination where they can stick their toes in the sand, soak up the sun, and enjoy a cold beverage. This is the ultimate goal! However, once they reach the point where they are making decisions for themselves and their families at the time of retirement, it may be difficult to identify the exact action that will bring these goals to fruition. However, there is a large community in this area of the Nicoya peninsula that has done just that. They invested in either a permanent or vacation home where they can go and really enjoy the years of effort that brought them to this particular paradise. Costa Rica enjoys relatively low crime, has a relatively high standard, and affordable cost of living. This is gaining a reputation among pre-retirees as a must-consider destination. There is a lot of room for the development of real estate in order to suit this particular market, or for the purchase and long term lease of real estate to this market. Whether retiring is in your plan for turning 65 or you are considering more of an early retirement at any age, there is a large community of like-minded individuals who also chose this to be the place they retreat to.
2. An affluence of natural beauty and phenomenons.
This area of Costa Rica remains unmatched to many other worldly destinations. The vibrant flora and rich fauna rules the landscape and places you in the middle of it all. You begin to live in symbiosis to your surroundings, understand how humans are another creation of nature, and in order to understand ourselves we must understand our environment. The rolling green hills, sublime coastlines, tropical climate, and towering waterfalls become a part of your daily life that brings a whole new meaning to existing. More than 25% of the country’s land is protected by national parks, reserves and refuges. Costa Rica cares deeply about the conservation of its natural resources and wildlife. Therefore the integration, rather than destruction, with nature is a core focus for the country as a whole. This reflects in the overall scenery of the peninsula.
3. A stable political climate.
Costa Rica is ranked among one of the highest in the Political Stability Index in Latin America. The country boasts proudly of a recent history of political stability and democracy. It is even often referred to as the 'Switzerland of the Americas' for its peaceful and neutral political climate. It has relished in an uninterrupted democracy for over a hundred years. Costa Rica is different from other countries in the region, and the world, by having no standing army. This action was carried out in 1948 when the Costa Rican army was formally abolished by a policy enshrined in the constitution. In fact, Costa Rica has the admirable distinction of being the only country to voluntarily dissolve its army. These taxes are instead channeled into its education and medical systems.
4. Access to affordable, quality healthcare along with Human Rights benefits.
With the declaration of the Costa Rican constitution of 1949, a wealth of rights and freedoms to citizens, as well as foreigners, was established to include freedom of speech, press and assembly. Citizens have universal access to healthcare. Throughout the last 25 years poverty has been reduced by 25%. Foreign investors benefit from the country's stand on human rights due to laws that demonstrate a positive attitude to foreign investment whether large or small. In the vast majority of cases, foreigners are able to enjoy the same rights as citizens when it comes to property ownership. Foreigners can own real estate in Costa Rica in their own names or companies without the need for a local partner as is the case of other countries in the Americas. Legal residents have access to an excellent social medical system. Both investors and developers are taking notice of the fast growing healthcare and medical tourism opportunities offered by the country's skilled doctors, world-renowned private clinics, and internationally certified hospitals.
5. It is a highly desirable location.
With its unique essence, Costa Rica holds an irresistible attraction for more travelers and visitors each day. All in search of the perfect getaway, therefore the demand for rental and hotel accommodation is steadily and continuously increasing at rapid rates. The recent explosion in the developments of Santa Teresa alone is an example of the increase in global attention the country has attained in recent years.
The Nicoya Peninsula is mostly noted for its spectacular beaches, tropical climate, and jungles full of exotic flora and fauna. It is the perfect place to get away and reconnect with yourself and the natural world. Additionally, the peninsula has a growing and developing economy which makes it a great place to invest! A popular tourist destination for nature lovers, yoga and fitness enthusiasts, avid surfers, travelers, and families alike. This is the perfect place to relocate to, start a business or buy a vacation home.
Investing in this area is a decision you will not regret making. In fact, it may be the best decision you’ll make in your lifetime!