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IMMO REALTY COSTA RICA © 2008
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A recent study by the Miami Herald rated Costa Rica the 27th safest country for real estate investment of 140 countries surveyed. If you are not impressed by Costa Rica's ranking, consider that the U.S. was ranked only 22nd!
While there's really no such thing as a sure bet especially when it comes to real estate investment, many investors and real estate experts are saying that if you cash in on Costa Rica property before the baby boomers begin arriving that you'll have a guaranteed and successful property investment in your portfolio.
Baby boomers began being born immediately post World War II and continued to be born throughout the ensuing period of increased birth rates - in 2006 the very first of the generation turned 60. The term 'baby boomer' is largely applied to European and Americans of this generation and economically speaking let's just take a few statistics to demonstrate why this generation is so important to understand. According to data supplied by the BBC back in 2004, British baby boomers then had 80% of the UK's wealth and bought 80% of all top of the range cars for example. And so, as you can see, this is a generation of people who are sufficiently affluent to have choice when it comes to their retirement.
This means that Costa Rica is rapidly coming under the spotlight of those seeking a tax efficient country to live in, an affordable country to retire to, an attractive nation to reside in and a secure and accessible nation to invest in.
