Why Moving to Costa Rica or Buying a Second Home Is a Great Idea

In recent years, Costa Rica has become a popular destination for people seeking a high quality of life, warm climate, and abundant natural beauty. Whether you're considering relocating full-time or buying a second home, this Central American paradise offers an enticing combination of benefits that appeal to retirees, remote workers, and adventure-seekers alike. Here's why moving to Costa Rica or investing in a second home there could be one of the best decisions you make.

1. Natural Beauty and Biodiversity

Costa Rica is world-renowned for its rich biodiversity and stunning landscapes. From lush rainforests and majestic volcanoes to pristine beaches along both the Pacific Ocean and the Caribbean Sea, the country offers endless outdoor adventures. National parks, wildlife reserves, and a commitment to environmental conservation mean that you’re never far from breathtaking scenery. Whether you’re into surfing, hiking, or simply enjoying tropical surroundings, Costa Rica’s natural beauty is a huge draw.

2. Stable Government and Safety

Unlike many other tropical destinations, Costa Rica is known for its political stability and safety. The country abolished its military in 1949, redirecting those funds to education and healthcare, which has resulted in high literacy rates and a strong healthcare system. For expatriates or second-home buyers, this means you can enjoy a peaceful lifestyle in a well-functioning democracy. The crime rate in Costa Rica is relatively low compared to other Central American countries, contributing to a sense of security for residents and tourists alike.

3. Affordable Cost of Living

One of the main attractions for those considering Costa Rica as a place to live full-time is its relatively low cost of living. Although some areas, like San José and popular coastal regions, have higher living costs, many parts of the country offer affordable housing, healthcare, and daily expenses. For retirees living on a fixed income or remote workers looking for a change of scenery, Costa Rica’s affordability makes it possible to live comfortably without breaking the bank.

4. Ideal Climate

Costa Rica’s tropical climate is a major selling point for those seeking year-round warmth. The country enjoys two distinct seasons: the dry season (December to April) and the green season (May to November). While the green season brings rain, it’s usually limited to afternoons, leaving mornings clear and sunny. The variety of microclimates means that you can choose between coastal living with warmer temperatures or cooler mountain towns like Monteverde, depending on your preference.

5. Quality Healthcare

Costa Rica’s healthcare system is often praised for its quality and affordability. The country offers both public (Caja) and private healthcare, with many private hospitals and clinics providing excellent care at a fraction of the cost compared to the U.S. or Europe. Expats can join the public healthcare system by paying a monthly fee based on their income, or they can opt for private insurance. Many doctors are bilingual, and Costa Rica is a popular destination for medical tourism due to its high-quality services and lower costs.

6. Expat-Friendly Culture

Costa Rica has a large and welcoming expat community, making it easy for newcomers to integrate. English is widely spoken in expat areas, though learning Spanish will enhance your experience and allow you to connect with locals on a deeper level. The “pura vida” lifestyle, which translates to “pure life,” embodies the country’s laid-back, friendly attitude, making it a great place for anyone looking to escape the hustle and bustle of city life.

7. Ease of Buying Property

Foreigners have the same rights as Costa Ricans when it comes to owning property, and the process of buying real estate is relatively straightforward. Many areas, especially coastal regions, are home to beautiful properties that range from beachfront villas to secluded mountain retreats. The potential for vacation rentals also makes buying a second home in Costa Rica a lucrative investment opportunity. Additionally, property taxes are very low, typically around 0.25% of the registered property value, making ownership affordable in the long term.

8. Digital Nomad and Retiree Incentives

Costa Rica has introduced several initiatives to attract foreign residents, including a digital nomad visa for remote workers. The program allows individuals and families who earn a specified monthly income to live in the country for up to two years, with the possibility of extension. For retirees, the Pensionado Program offers residency to those who can demonstrate a steady pension income. Both options provide the flexibility and security of long-term stays while enjoying Costa Rica’s many perks.

9. Proximity to North America

For those who want to keep close ties with family or business in North America, Costa Rica is conveniently located. It’s only a short flight from major U.S. and Canadian cities, making it easy to travel back and forth. Additionally, several international airports in the country, including those in San José and Liberia, offer frequent flights, enhancing connectivity.

In fact, Steve and I spent a week in Costa Rica in May 2023, staying at the fabulous Rio Perdido Hotel & Thermal River in the Guanacaste province. We had a car and explored several homes and developments in the area. We could absolutely see why people are choosing to move here, especially those with family, friends, and work connections on the East Coast of North America. The short flight and the ease of coordinating phone calls and Zoom meetings in the same time zone make Costa Rica a highly appealing option for remote workers and those looking to stay connected to their home countries.

10. Sustainability and Eco-Friendly Living

Costa Rica is one of the world’s leaders in environmental sustainability. The country runs on nearly 100% renewable energy and has ambitious goals to become carbon-neutral. For those who value eco-friendly living, Costa Rica provides an opportunity to live in harmony with nature while supporting the country’s commitment to environmental conservation.

Join Us for More Insights!

If you're curious to learn more about the opportunities and growing pains of Costa Rica’s expanding real estate market, tune in next Tuesday, October 22nd at 1 PM Eastern Time for our IG Live session! Our special guest will be Marco Sanchez, a realtor with Blue Water Properties in Costa Rica. Marco will share valuable insights into the real estate market and what foreign buyers can expect as demand increases. Don't miss this chance to get an inside look at one of the hottest real estate markets today!

Conclusion

Whether you’re seeking an adventurous new lifestyle or a peaceful retreat, Costa Rica offers a compelling combination of beauty, safety, affordability, and accessibility. Its welcoming culture, natural wonders, and expat-friendly policies make it an ideal destination for those looking to relocate full-time or invest in a second home. With an excellent healthcare system, stable government, and abundant outdoor activities, Costa Rica provides the perfect environment for anyone looking to embrace the pura vida lifestyle.