For many expats, the decision to go south comes down to a simple question: Will moving to Costa Rica make you happier? The answer, as those who have chosen the “pure life” would tell you, is YES! It probably will.
The reason, in a nutshell, is that Costa Rica is one of those places where a number of factors come together to make a happier, healthier style of life. There have even been a number of studies that have actually examined what makes living in this tropical paradise a more positive experience than other locations.
Vytautas Serys
What Makes Moving to Costa Rica the Happier Choice?
There are several reasons that moving to Costa Rica can foster a happier and healthier life. Several of the major factors are listed below:
Pura Vida Is More Than Just a Catchphrase
As anyone who has ever visited Costa Rica will tell you, the phrase “pura vida” is an almost universal greeting – both among locals as well as expats. This greeting, which translates as “pure life,” is more than just words. It’s a whole philosophy.
This idea that choosing the path of happiness regardless of your current circumstances is apparent everywhere in the country. It has come to symbolize the idea of simply enjoying life and all the potential that tomorrow may bring.
This attitude certainly seems to contribute to the health and longevity of both “ticos” (native Costa Ricans) and expats. Embracing pura vida is a major reason for the overall feeling of happiness of living in this tropical paradise.
Kurt Bauschardt
Being Closer to Nature
Costa Rica’s commitment towards the environment also impacts how happy people are. Being closer to nature on a daily basis certainly provides a less stressful, more serene state of mind than confronting the controlled chaos of all that is modern living in most major metropolitan areas.
In the World But Not of It
Costa Rica has not had a standing army since 1949. By not being bombarded by the 24/7/365 news cycle involving world conflicts, Costa Rica has become, literally, a tropical refuge in a very increasingly uncertain world.
The Science of Happiness Supports the Costa Rican Choice
A number of recent studies have actually been able to quantify the observation that moving to Costa Rica can make for a happier life. Below are two examples of the findings of these studies:
Happy Planet Index
The Happy Planet Index (HPI), computed by the New Economics Foundation, a UK think tank, is widely regarded as the leading source in measuring well-being on a global scale. For the third time since 2009, Costa Rica has risen to the number one spot out of the 151 countries evaluated.
HPI not only tracks happiness, but also how efficiently this is produced when measured against impact on the environment. Though having a GDP (gross domestic product) only a third of the size of the U.S., Costa Rica’s average life expectancy (79.1 years) and sense of well-being among residents showed that happiness does not have to be equated with wealth.
thejaan
The Science of Happiness
As part of a recent online course entitled The Science of Happiness, sponsored by UC Berkeley, 40,000 students from around the globe took part in a survey where they answered questions about their happiness levels based on a number of factors. The results of this project found that Costa Rica ranked as the number one happiest nation on earth.
Based on global subjective beliefs, separate from individual life-specific events, a list of 25 countries were ranked on a scale. Some of the elements included in the study were “satisfaction with life,” “flourishing” (life with a purpose), “loneliness,” and “stress.”
Costa Rica finished at the top in two categories and was number two in the least stressed countries on the list. While not the wealthiest country in the study, the land of Pura Vida clearly has some aesthetic qualities that quantitatively demonstrate that money can’t buy happiness.
fredsharples
Living in Paradise Is Still Possible
One of the major concerns for many potential expats is the availability (and cost) of housing. Fortunately, Costa Rica has a wide variety of options that range from rustic fincas (farms) to high-end condominiums and much in between.
As the country continues to develop its Southern Pacific and Caribbean zones, both in terms of infrastructure and accessibility, new housing options will continue to appear. Perhaps the best way to begin your search for your place in paradise is to visit the Land of Pura Vida, explore the various regions, and discover which area resonates with you.
Ultimately, finding a location that you want to call your forever home, nestled in a tropical paradise, is an important first step in embracing the happiness of moving to Costa Rica.
For example, a rustic 1 bdrm, 1.5 bath home on an acre of land in the highly desirable Nosara area is only $137, 000. Being able to live in one of the country’s Blue Zones would be a tremendous step towards a happier life.
So Is Moving to Costa Rica a Guarantee of Happiness?
Moving to Costa Rica can be the opportunity to transform your existence. However, life is not filled with absolutes or guarantees. No place on earth is perfect for everyone. Not to mention, what you get out of relocating to paradise largely depends on what you put into it in terms of outlook and openness.
If you think moving to Costa Rica could be the key to your happiness, it’s certainly worth a second look.
Colombia has made its presence known on expat radar in recent years. Following the turbulence of the latter part of the twentieth century, this Latin American destination is in the process of reinventing itself to be more attractive to investors, retirees, and others seeking new vistas outside of the U.S.
Like any emerging country, Colombia has positive and negative elements that should be considered before making a decision to move there. Discovering what the pluses and minuses are, and measuring them against your own requirements, can be an important step in deciding whether this is the tropical destination for you.
Colombia: The Positives
Colombia has made a good deal of progress in actively attracting foreigners – both to live and, more importantly, to invest – during the 21st century. The potential for return on investment and a growing expat presence have helped to accent many of these positive improvements.
Iván Erre Jota
A Growing Expat Presence
One of the many features of moving to Colombia is the growing expat community that can be found in places like Medellín. These enclaves make it far easier to transition to life there than you might imagine.
An important element of this growth is that the infrastructure of the country will continue to improve in order meet the demands of this foreign population. Having amenities like high-speed internet, cable television, and good cellular service will increase the value-added potential for those seeking to make a long term commitment.
The Culture
Wikimedia Commons
Colombia has a vibrant cultural tradition that makes living there both exciting and pleasurable. The country is said to have more national holidays than any country except for Argentina.
In addition to the countless local celebrations, the salsa festivals in Cali, the celebration of Carnival in Barranquilla, or the many art festivals and museums in Medellín, it becomes easy for tourists and expats alike to become immersed in the cultural diversity that Colombia offers.
The Climate
Colombia is actually made up of six distinct climates, which also include the islands in the Caribbean and the Pacific. From the mountain weather of the Andes, to the tropical beaches of Cartagena, to the Amazon rain forests of Leticia, Colombia’s weather and biodiversity makes it a unique destination to consider as an expat.
Convenient Travel Options
Many major U.S. carriers, such as Delta, United, and American offer service to Medellín and Bogotá. As the growth in tourist and expat travel increases, it can be anticipated that additional travel options will also become available.
Colombia: The Negatives
With all the progress that Colombia has made in recent years, there are still some important issues that a potential expat or investor may wish to consider. Some of the concerns are listed below.
Infrastructure Away from Major Cities
Colombia is still an emerging nation and, as such, much of the infrastructure is still in a rustic state. Once you are outside of major population centers like Bogotá, Cali, Medellín or Cartagena, modern amenities are much harder to come by.
As a result, the majority of expats tend to focus on these metropolitan areas. If you are not interested in living in a major city, finding a suitable location in Colombia may be a difficult challenge to overcome.
Crime
The breaking of the stranglehold of the cartels and the recent cease-fire between the Colombian government and the Revolutionary Armed Forces of Colombia (FARC) – which brought to a close 50 years of violent confrontations – are promising steps to reducing crime in Colombia. However, there is still a lot of uncertainty concerning the future.
Colombia still has a criminal element that exists both in the cities and rural areas. The Bacrim – local crime gangs – still operate and target both foreigners and locals.
This kind of uncertainty can certainly be viewed as a detriment to expats seeking to escape similar problems in the U.S. Diligence and knowledge is required in order to avoid those areas that are known to have high incidences of violence or criminal acts.
The Language Issue
Michael (a.k.a. moik) McCullough
As is the case with many countries in the Latin Tropics, Colombia is predominantly Spanish-speaking. Outside of the expat areas in Medellín and Bogotá, finding large groups of English speakers may be somewhat problematic.
If you already have some ability to speak Spanish, Colombia is a great place to become more fluent. If, on the other hand, the idea of moving to a country where you need to learn a new language (just to get around) seems too hard, Colombia may not be your first choice.
Cost of Living
This item actually is both a plus and a minus. It is true that prices for many items, including rent and real estate, are less than other Latin Tropic countries. That being said, however, Colombia is not the least expensive destination in paradise.
In a very real sense, Colombia epitomizes the adage “you get what you pay for.” Highly developed expat magnets, such as El Poblado, offer modern amenities many expats crave although at a higher price than other parts of the country.
Residency
The rules for residency in Colombia are more complicated than other destinations in the Latin Tropics. While foreigners can live and own property in the country, the process to obtaining permanent or long-term residency can be too arduous for some.
Weighing Your Options
Colombia is very much a “work in progress” insofar as foreign investment and expat growth is concerned. Apart from shedding the image of its troubled past, Colombia also has the challenge of growing from an emerging country to a preferred Latin Tropic destination.
When weighing your options concerning relocation to Colombia, understanding where the country has been, what life would be like in the present, and the potential for the future are all elements to measure. As with any other country, the first step is to visit there – more than once – to see what your sense of the place is.
Asking yourself whether you can envision life in Colombia is the single most important question in the expat/investor process. When you have that answer, your future course of action becomes a clear choice.
San Miguel de Allende has remained one of the most popular expat and retiree destinations through the Latin Tropics. Rising almost phoenix-like from near obscurity, this colonial city has metamorphosed from silver mining center to a Bohemian/artistic colony to a 21st century expat magnet.
The combination of a rich colonial past and an urban cosmopolitan present make living in this mountain community a rewarding experience. In contrast to much of the rest of Mexico, San Miguel de Allende has developed into a unique hybrid of Mexican and American culture.
Expats in Mexico photo by Jack Newton
San Miguel de Allende-An Historic, Cultural And Artistic Treasure
The story of San Miguel de Allende is really a tale with two parts. The original colonial settlement was established in 1551 moved to its current location four years later as a result of continued conflict with the indigenous tribes in the area.
The discovery of silver in the region in the mid-sixteenth century increased the prominence of San Miguel, given its strategic location between the silver mines and Mexico City. The city would continue to thrive through the mid-1700s and actually had a population larger than either Boston or New York.
The War of Mexican Independence impacted San Miguel’s prominence. The end of mining, the shrinking of the population, reduced the city to near “ghost town” status with Baroque and Neoclassical architectural structures empty as a memory of a bygone era.
Part II-Rebirth And Resurgence
In 1926, the Mexican government declared San Miguel de Allende a ‘historic and protected town” dedicated to preserving its colonial essence. The town would remain frozen in time until the Mexican opera star, José Mojica, rediscovered it and encouraged his friends in the arts to join him in establishing an artists’ commune; ultimately this lead to the creation of renown Bellas Artes Institute.
Touted by Life Magazine as a “GI paradise”, veterans from WWII looking for new opportunities, artists of all disciplines seeking to study, and those looking for new horizons all flocked to this mountain mecca. This early group of foreign arrivals has grown from a trickle to the well-established expat community of today.
J Wang
San Miguel de Allende Remains A Solid Investment Option
Although the international financial crisis of 2008-2010 took a toll on San Miguel de Allende’s real estate market, the result was dramatic increase in lower priced properties. Whether you are looking for a colonial structure that you can restore, new construction, or something in between, there is a wide selection of properties that can meet your needs.
There are no restrictions to foreigners owning property in Mexico except in what is known as the restricted zone designated as being 100km from a border and 50km from the coast. Since foreigners cannot hold title in their own names in those areas, a real estate trust has to be set up to hold the title.
An attractive feature for US residents considering moving the area is that you can get title insurance from some American title insurance carriers-some of which have been writing policies for Mexican properties since the mid nineties. This is especially important since, under Mexican law, there is no requirement for sellers to disclose potential problems.
J Brewer
The Expat Explosion In San Miguel de Allende
The increase in the expat population in San Miguel de Allende was largely fueled by veterans from WWII looking to move their young families south to escape the scourge of the polio epidemic that was ravaging the US. Combined with the many artists and other creative types who had discovered the cultural environment that had grown up in this mountain city, the current expat population is estimated to be roughly 10,000-12,000; this number does not include those who have settled in the surrounding villages or developments.
Of that number of expats, roughly 70% are American which is why San Miguel de Allende is viewed by many people as an “American town. However, that is still a small percentage of the roughly 80,000 residents who are estimated to live within the community itself.
Too Much Of A Good Thing?
Having that many American expats has become a kind of mixed blessing for San Miguel de Allende. While the presence of a large English speaking population makes it an easy transition for those not fluent in Spanish, there is a sense of entitlement (and even arrogance) that many Mexicans (and expats as well), find distasteful.
The growing number of high-end gated communities also furthers this impression that these transplants from the North have no interest in becoming part of the unique cultural and historical essence of the area. This situation may be off-putting for those who want to immerse themselves in the local culture rather than just living in an Americanized enclave in another country.
Not surprisingly, prices in this well-developed area are higher than in more rustic locations. In a real sense, though, living here is a true example of the old saying: “you get what you pay for”.
San Miguel de Allende
The Benefits Of An Established Expat Presence
While there are some facets of the growing number of seniors, retirees and expats who continue to make their way to San Miguel de Allende that can be challenging, it is precisely the development and foreign investment that has enhanced the standard of living and value of property in the region. Having a well developed infrastructure, numerous social and entertainment options, and a growing number of stores with American products are all elements that make buying property here a good choice for a return on investment dollars in the future.
The close proximity to the US also is a compelling reason to consider San Miguel de Allende as a retirement destination. Being able to visit family and friends north of the border, while still enjoying the less frantic pace of this artistic colonial town, offers another attractive reason to make this a second or retirement home.
In addition to the well-developed infrastructure, San Miguel de Allende has become an international arts center filled with shops, boutiques, galleries and craft vendors. In addition, there is a thriving nightlife and gourmet restaurants that cater to the large number of tourists as well as the local population.
Local festivals, such as Fiestas de San Miguel de Allende (the feast of the patron saint, Michael) held during the last week in September provide a cultural ambiance that enhance the expat experience. There are also a number of events celebrating the arts throughout the year.
To Expat Or Not-That Is The Question
San Miguel de Allende is a unique option for those considering a move from the US to a tropical destination. It has one of the most established expat communities anywhere-a scenario that has both positive and negative features. Ultimately, the best way to decide if San Miguel is for you is to visit it for yourself and experience what all it has to offer first hand.
As one of the fastest growing expat destinations, Panama City offers a variety of options for a tropical home. With an ever-expanding infrastructure, favorable residency laws and great discounts for retirees, the resurgence of Panama will continue to make living there an attractive choice.
Aside from the city itself, there are various locations in and around Panama City that can satisfy most every taste. From modern high end developments to more rustic settings, discovering which lifestyle is best suited to your individual desires is the best way to begin the transition to paradise.
Bernal Saborio
The Panama City, Panama Area Is A Blend of Styles
Panama City is much more than a dynamic Latin Tropic metropolis with a modern infrastructure. While the gorgeous skyline compares with such locations as South Beach, this capital city is actually comprised of three distinct districts-each with their own unique essence.
Whether you are looking for a high rise development in the new city, a restoration project in the old city, or the historical atmosphere of the old colonial area, there are many possibilities to choose from.
Alberto Ruiz
Panama Pacifico
Perhaps no location exemplifies the potential for growth in Panama than Panama Pacifico. Located on the site of the former Howard Air Force Base, this project is, quite literally, building a new city from the ground up sprawling over 4,450 acres.
Conceived by Colombian businessman Jaime Gilinski shortly after the base closed in 1999, it would take until 2010 before construction could actually begin. Since ground was first broken, both residential and commercial projects have begun transforming this former military installation into a new and exciting community.
Being only 15 minutes from Panama City, Panama Pacifico is the ideal spot for expats looking for new construction and business opportunities. With only 15% of the property developed, investors can take advantage of abundant space to transform their dreams into a profitable reality.
Steve Ross
Costa del Este
Costa del Este represents one of the newest areas of Panama. Its location, just five minutes from the heart of Panama City and ten minutes from Tocumen International Airport, have made it one of the most desirable neighborhoods outside of the city itself.
Housing here can range from luxury high rise condominiums to spacious houses. The modern infrastructure has attracted expats and investors who want to live and work in the tropics while enjoying all the amenities of any major U.S. city.
Beyond The Panama City Limits-Three Compelling Options
One of the most significant changes for expats and investors considering the Panama City area was the completion of the Pan American Highway. This highway system has made access to a number of popular destinations a manageable hour or so drive from the city center.
The list below highlights three of the most popular areas outside of Panama City. These locations have attracted the interest of retirees, expats looking for a second home, and investors seeking a higher ROI (return on investment).
Roberto Moreno
Coronado
Coronado is widely considered to be the first planned resort community in Panama. The dream of visionary developer, Bob Eisenmann, Coronado combines the rustic feel of several small villages with the modern amenities and infrastructure of a resort condominium community.
One of the most attractive features of Coronado, Panama is its climate. Located in the “dry arch”, or arco secco region, less rainfall occurs here than in the rest of the country. The large number of English-speaking expats who live in the area is another attractive feature for those who may have trepidations about living in a country where English is not the primary language.
Alexandra Oduber
Farallon
Much like Panama Pacifico, Farallon has risen from the remains of a military base a mere 68 miles from the capital. Once housing Panamanian troops, the facility was destroyed by the U.S. invasion in 1989. Since that time, Farallon and the nearby beaches of Playa Blanca have become one of the most sought after beach destinations in the Latin tropics.
Luxury resort properties, such as Buenaventura, are certain to appeal to those seeking modern amenities and an upscale lifestyle, without the frenetic pace of Panama City. The new international airport at Rio Hato, a short distance away, makes accessing this white sand oasis easier than ever.
Michael Afar
El Valle de Anton
El Valle de Anton is a delightful seven square mile mountain village located roughly 120 km (75 miles) from Panama City. This rustic location is becoming a popular choice for expats seeking to find a less frenzied pace of life that is infused with the cultural essence of “old Panama.”
Located in the caldera of the El Valle volcano, El Valle de Anton is actually the second largest inhabited volcano in the world. It has also become a favorite location for Panama City’s more affluent citizens seeking a weekend retreat far from the hurried pace of the city.
Whether looking for a rustic Panamanian village dwelling or a modern construction home, El Valle de Anton will continue to offer both a unique environment and a great potential for investment.
Panama City Has Both Potential And Promise
With such a wide variety of possibilities for a home in the Latin Tropics, as well as great investment potential, exploring the real estate market for yourself is a great place to start. Finding that “place in the sun” may be as easy as a click of a mouse.
Finding work abroad is an idea that has gained increasing popularity in recent years. With the growing interest in expat living, there are a number of options that exist today that weren’t even thinkable a few short years ago.
The potential for earning a living in a foreign location can be dependent on a number of important variables. Whether you are seeking a career change, looking to fund your retirement in paradise, or wondering how to take your skill set abroad, there are some important first steps that you need to take.
Sylvia Overkamp
Pick the Destination Where You Want to Work Abroad
Before packing up and moving, you need to have a clear idea of exactly where you want to live. The best way to do this is to visit your prospective destination, more than once, to see if it resonates with you.
Remember, in addition to working there, this new location is also going to be your home. If you aren’t comfortable as an expat, even in paradise, you won’t be successful trying to work abroad.
Where to Begin the Search
One of the best search tools you can use is the Internet. There are a number of job boards that offer opportunities for positions–both paid and volunteer–in foreign lands.
Other sources are expat groups and social media sites. Learning about others’ experiences can be a valuable tool in helping you fine-tune your search.
Learn the Rules and Regulations
Since you will be living there full-time, it is important to learn what the residency requirements are and whether you can qualify. In many Central and South American countries, establishing a type of residency is a prerequisite to working within that country’s borders.
Some countries are more expat-friendly than others when it comes to finding work abroad. Others have fairly stringent requirements that mandate that foreigners cannot be hired if a local could fill the position.
By knowing what the rules and regulations are beforehand, prospective expat workers can better plan how to make their transition to their tropical paradise.
Make a Budget That You Can Live On
It is important to realize that there is going to be a lag between your move and when your work abroad starts to generate income. Planning a budget that can sustain you for a minimum of three months can reduce your stress as you become acclimated to your new home and your new employment.
Andy McDowall
Working for an Employer Vs. Working for Yourself
Working abroad will involve either working for yourself or finding an employer. As mentioned above, many Latin Tropic countries have stringent rules for local companies hiring non-natives as employees.
Depending on your chosen location, and your experience, becoming an employee for a local business may not be a viable option. However, there are other alternatives that you can pursue.
Freelancing
A popular option for many expats considering working abroad is to become a freelancer. Being able to make your own schedule, live where you want to, and have the freedom of being your own boss is an attractive proposition.
Before beginning life as a freelancer abroad, there are several important factors to consider. First and foremost is whether your skill set can translate into a freelance career.
Writing, photography, and technical support are three of the most popular freelance careers. Increased Internet access in many tropical locations has broadened the horizons for individuals with skills in these areas.
However, it is also important to recognize that freelancers do not have a guarantee of a regular income. There can be (and often are) “dry spells” that would need to be navigated while waiting for the next assignment.
Having a plan B is an important part of any freelance career. Even in a tropical paradise, having a realistic economic plan is essential to a successful freelancing enterprise.
Translating Your Stateside Career to a Tropical Destination
If you are fortunate enough to work for an employer who has locations in the Latin Tropics, it may be worth your while to see if your job location could migrate to a foreign destination. Telecommuting, staffing offshore locations, and similar options may provide you the opportunity to work abroad in paradise.
Importantly, many countries that have strict limitations on foreigners working within their borders DO make allowances if you are filling a position for your current employer. While these types of positions are limited, being able to stay with your current employer while enjoying life in the tropics is certainly the best of both worlds.
Chris Goldberg
Starting Your Own Business
Starting your own business is a unique way to find a working niche in a tropical paradise. Launching your own enterprise is a great way to carve out your own “brand.”
Teaching yoga, becoming a diving instructor, tutoring English and even acting as a travel guide for other expats are some of the most popular self-run businesses by expats. But before you get too far into your business plan, make certain that you know any local restrictions that may impact opening up a business.
Is Working Abroad the Right Choice for You?
Working and living abroad, even in the Latin Tropics, is not necessarily the best option for everyone. Preparation, research, and actually experiencing the destination can go a long way to answering the question of whether this life choice is the right choice.
Ultimately, the decision comes down to a leap of faith and belief in your dreams. When those two elements work in harmony, paradise can be achieved.
As many expats and investors have already discovered, living in your own tropical paradise is not an unreachable dream. In particular, Panama real estate has become the best choice for a 2nd home in the tropics for a wide variety of reasons.
Finding a destination that is affordable, provides stability, and offers a good return on initial investment can be a challenge. More and more people are finding that Panama real estate checks all those boxes.
F. Ermert
Top Reasons Why Panama Real Estate Is the Best Choice
There are many reasons why Panama real estate has become the preferred choice for a 2nd home or retirement destination. Below is a list, in no particular order, of some of the top reasons to pick Panama.
Location, Location, Location
Panama is readily accessible from many U.S. airports. As such, it is ideal for those wanting to stay connected back home even while they enjoy their time in the tropics. Daily, regularly scheduled flights, from at least 15 U.S. cities, make traveling to and from your second home affordable and easy to arrange.
Expat-Friendly
Panama has developed many expat-friendly programs that make living there an easy transition. A streamlined residency process, ease of obtaining work permits (for those so inclined), discounts for retirees, and a growing expat presence, are just a few of the features that draw investors, retirees, and those seeking a tropical escape.
Some of the many programs geared toward retirees can result in significant savings. Discounts of 30% on all forms of public transportation, medical services (including prescriptions) that can range from 15% to 20%, even savings of up to 50% on personal and commercial loan closing costs make choosing Panama as a second home an economically attractive option.
One of the most important features of Panama life is the growing number of English-speaking expats. While having some knowledge of Spanish is important, finding someone who can help translate is easier than one might imagine – especially in the larger areas like Panama City.
Climates and Contrasts
Panama has many comfortable climate options that range from cool and comfortable in mountain locales – such as Boquete – to hotter, humid, beachfront areas like Rio Hato. For those desiring the island lifestyle, the Las Perlas Island group on the Pacific side and the San Blas Islands on the Caribbean coast have some of the best beaches in the country.
Fast-Paced or Laid-Back
Having the choice of city living or rustic country life is yet another reason why Panama is a great choice. The selection ranges from Panama City, a vibrant, modern city with a skyline resembling Miami’s South Beach, to more rustic towns, like David and Chitre, which provide a more authentic village experience.
The U.S. Dollar
Perhaps one of the most important pluses for choosing Panama is the fact that the U.S. dollar is considered legal tender for daily transactions. Not having to go through the inconvenience and expense of converting money can make transactions, such as purchasing Panama real estate, much easier.
Being able to use U.S. currency for real estate transactions is especially attractive given the global fluctuation and uncertainty that impacts the value of many foreign currencies. This convenience also makes it much easier to budget for both the near term and longer time frames.
Stability
The stability of the Panamanian government greatly reduces the risk of investing in a foreign location. According to the Institute for Economics and Peace 2016 Global Peace Index, Panama is only one of 10 countries, worldwide, that is free from conflict.
A major advantage of this political stability is a sound legal system. Article 44 of the Panamanian Constitution guarantees protection of private ownership of real property.
These legal protections apply to both foreign investors as well as Panamanian citizens. Having this kind of security makes the investment decision much less complex.
Favorable Taxes
Although the 20-year exemption on property taxes ended in 2009, Panama’s revised tax structure still compares favorably with that of the U.S. With a 10-year exemption for property valued under $250,000, and a 15-year exemption for property under $100,000, buying Panama real estate certainly is a favorable investment long-term.
Price
Prices for property in Panama still compare favorably with neighboring Latin American countries. It can be anticipated, however, that as the market expands, the value of international real estate will also increase.
F. Ermert
The Bottom Line
Panama’s popularity and features have made it the best choice for your home in paradise. But just because Panama is growing, that doesn’t make it the ideal choice for everyone.
Like all important life choices, doing your homework is a major step in the decision-making process. Even more import is actually visiting to see if Panama is the perfect place for you and your 2nd home.
For many years Medellin Colombia had a reputation of being an unstable and dangerous destination for expats and investors. However, there’s been a recent resurgence that has transformed this special city into a location that is filled with potential and promise.
Medellin is the second largest city in the country and the third most visited, after Cartagena and Bogota. Known as the “Land of Eternal Spring” and “Capital of the Flowers,” the area has enjoyed a phoenix-like rebirth from the ashes of a troubled past.
Discovering the secrets of this Colombian gem will reveal why Medellin is worth visiting. These important details about Medellin illustrate why it’s such a great option for expats and investors alike.
Alejandro Osorio Agudelo
Is Medellin Safe? You Might Be Surprised.
The drug wars of the late 1980s and early 1990s, fueled in large part by Pablo Escobar, gave Medellin the unenviable reputation as the most violent city on the planet. Since the fall of the cartels, the government and the people of Medellin have made a concerted effort to put the past behind them and work towards making the city a place to live and thrive in.
The effort has certainly paid off. By 2015, the murder rate was 20 per 100,000 – far less than St. Louis (49.91), Detroit (43.52), New Orleans (38.75) or Baltimore (33.84). Clearly, Medellin compares favorably, in terms of safety, with other metropolitan areas.
Getting There Is Easy.
It may come as a surprise to many that getting to Medellin, Colombia is actually easier that you might think. Many major U.S. carriers, such as Delta, United, and American, offer service to this Latin hotspot. Nonstop flights can even be found leaving from cities like Miami and Atlanta.
The José María Córdova airport in Medellin is a state-of-the-art facility that was built in 1985. It is capable of handling a wide variety of modern aircraft such as the Boeing 747 and 767, as well as the Airbus 380. To accommodate the growing influx of visitors, the facility is undergoing additional modernization to attract tourists as well as the airlines that bring them there.
Iván Erre Jota
Medellin, Colombia Cultural Offerings Are World-Class.
Medellin’s recent history has often obscured the fact that the cultural scene is actually on a par with (or, in some cases, surpasses) many other cities. From outdoor plazas and parks, to collections of art and sculpture, to historical tours, there are many options to expand your cultural perspective.
Imagine finding a Zen garden in the heart of a bustling, Latin American metropolis. The Parque de los Pies Descalzos (Barefoot Park) is exactly that – a quiet space filled with bamboo, fountains and sandpits where one can rest and revitalize from a busy day of sightseeing.
Art
Art and sculpture are on full display in Medellin. The works of world-renowned artist, Fernando Botero, a Medellin native, are featured prominently throughout the city. The Botero Plaza contains 23 sculptures by the artist which dramatically demonstrate his signature style of “Boterismo,” depicting his subjects in large, exaggerated forms.
The Museo de Antioquia contains numerous paintings and sculptures by Botero and fellow Colombian artist, Pedro Nel Gómez. Located in the heart of the Plaza, this area can truly be said to be the cultural heart of Medellin.
History
For those interested in Medellin’s recent past, there is even a Pablo Escobar Historical Tour. Escobar has been called the wealthiest criminal in history, with a net worth believed to be $30 billion at the height of his career. Killed by authorities in 1993, he still remains one of the most controversial figures in Medellin, Colombia’s history.
Culture
To experience turn of the century Medellin culture, visiting Pueblito Paisa (Little Town) located at the top of Nutibarra Hill is a must-do item. Developed in 1976, this replica of a typical Antioquia village captures the feel of a small Colombian community.
Since its creation, Paisa Town has grown into one of the most popular tourist locations in Medellin. The outdoor market and various festivals transport visitors to a less harried place and time.
Architecture
Medellin can rightly be said to on the cutting edge of an architectural revolution. Modernistic construction meshes with classic Colonial style buildings, creating a unique blend of the past and the future which complement each other quite well.
In 2013, Medellin won the prestigious Veronica Rudge Green Prize for Urban Design. As can be seen below, this award was rightly earned.
Paula Funnell
The Cost of Living in Medellin Is Less Than Imagined.
Perhaps the most important question that potential expats or investors ask about any tropical destination is: How much does it cost to live there? As Medellin Colombia draws more and more attention as a possible retirement location, it may come as a pleasant surprise that the price of paradise is not as steep as one might think.
Medellin vs. Panama City
Medellin is often compared with Panama City, Panama in terms of development and in importance to their respective countries. Medellin is the larger of the two with a population of 2,441,123 as opposed to Panama City’s 1,501,691.
Importantly, each city has undergone a resurgence following a period of unrest. For Panama City, it began after the fall of Manuel Noriega in 1989, while in Medellin, the death of Pablo Escobar in 1993 marked its rebirth.
The following examples provide a good illustration of the difference in daily living costs in these two Latin American metropolitan areas:
- Consumer Prices in Medellin are 47.16% lower than in Panama City
- Consumer Prices Including Rent in Medellin are 58.09% lower than in Panama City
- Rent Prices in Medellin are 78.21% lower than in Panama City
- Restaurant Prices in Medellin are 62.75% lower than in Panama City
- Groceries Prices in Medellin are 52.63% lower than in Panama City
- Local Purchasing Power in Medellin is 11.65% higher than in Panama City
Put simply, you would only need $1,508.61 monthly to maintain the same lifestyle and standard of living that would cost you $3,600 in Panama City. It is clear that your money can go farther in Medellin than in other, similar tropical destinations.
Guía de Viajes Oficial de Medellín
Fun Things to Do in Medellin.
There are a lot of fun things that you can do in and around Medellin. Numerous celebrations, events, and special sights are all there to be experienced.
Festivals and Events
Perhaps one of the most popular events in Medellin is the El Alumbrado, or “The Lighting,” which features millions of Christmas lights and displays throughout the city. This annual display dates back to 1851 and has been run by the Empresas Públicas de Medellín, Medellin’s public utility company, since 1955.
The Festival of the Flowers, which occurs in late July through early August, may be the most important social event for the community. Established in 1957, the festival is a celebration marking the end of Colonial slavery.
During the Colonial period, indigenous Colombians were used to transport wealthy Spanish officials and their belongings on their backs. These servants were known as “silleteros” (literally “chair-men”).
Today, instead of cargo and passengers, modern day silleteros carry elaborate floral displays. From an original parade of 40 men, this celebration of freedom has grown into a festival that draws participants from all over the globe.
Sweeping Vistas
Those who enjoy taking in some stunning vistas while also getting a great cardio workout can take a short trip just outside of Medellin to Laguna Guatape. This man-made lake is actually a reservoir for the hydroelectric dam that supplies 30% of Colombia’s power.
Guatape is also the home to one of the most impressive sites in the entire country: La Piedra del Peñol, commonly referred to as “The Rock.” This ancient megalith rises some 700 ft and can be climbed by navigating the 740 steps that have been carved into its side.
Once the climb is made, the intrepid visitor can experience a awe-inspiring 360° view of the Lake and the village of Guatape itself.
World’s Best Coffee
Of course, no visit to Medellin Colombia would be complete without touring “coffee country.” Medellin is the capital of the Department of Antioquia which is widely acknowledged as the heartland of Colombia’s world famous coffee industry.
This is, by no means, the complete list of all the things that can be experienced in Medellin. Whether indoor sites, like museums or libraries, or outdoor offerings, such as parks, plazas, and sightseeing destinations, Medellin has something for everyone.
Deutsche Welle
Medellin Is One of the Fastest Growing Tourist Destinations Worldwide.
One clear indication of Medellin’s growing popularity is the increase in the number of foreigners who make their way to this South American gem. According to a recent study by the World Tourism Organization, while international tourism in general has increased by a rate of 4%, Medellin’s tourism growth rate was an astounding 34%. That’s over eight times that of the rest of the world!
Although located in South America, the weather in Medellin is surprisingly moderate. With an average daily temperature of 72° F (22° C), Medellin rightly earns its nickname as “La Ciudad de la Eterna Primavera,” the city of Eternal Spring. This comfortable climate has also contributed to the influx of visitors who come to experience all the city has to offer.
There Is a Thriving Expat Presence in Medellin.
For potential expats seeking to find kindred souls in Medellin, look no further than the neighborhood of El Poblado. It is known to locals as Las Manzanas de Oro (The Golden Apples) for its reputation as the main economic center in what has become the second largest economy in Colombia.
Established on March 2, 1616, at what is today El Poblado Square, this was the first European settlement in the Aburrá Valley. Originally known as San Lorenzo de Aburrá, the parish was renamed San José del Poblado in 1845.
First World Services and Amenities
As home to Medellin’s elite, it also became a natural drawing card for expats seeking the familiarity and comforts of a Western lifestyle. The Zona Rosa was established as an expat and tourist mecca filled with western style entertainment, shopping and business establishments.
Via Primavera and Via Provenza, both located in Zona Rosa, feature the kind of boutique shopping that could be found in major fashion-forward centers around the globe. The small shops offer a wide variety of styles and price tags for every taste and budget.
The addition of gourmet restaurants, outdoor cafes, art galleries and more, create a special cosmopolitan blend of western fashion and Colombian flair. With a growing expat population, modern amenities, and housing, El Poblado compares favorably with other high-end communities throughout Latin America.
Medellin Colombia Is One of the Most Innovative Cities in the World.
When one thinks of the most progressive metropolitan areas in the world, places like Los Angeles, London, and Paris immediately come to mind. In 2012, Medellin was included in a group of 200 cities, worldwide, for the title of Most Innovative City of the Year. One of the major reasons for this prestigious honor was the number of major advances the city has made in public transportation.
State-of-the-Art Transportation
Its Metrocable is the first gondola lift system in the world dedicated to public transit. Since it began operations in 2004, the system has a ridership of 30,000 people daily to and from the city center to less-developed areas. It is also integrated into the larger Metro system.
The Metro rail system is, in and of itself, one of the most forward thinking transit systems in the world. While moving an estimated 500,000 passengers daily, the system also reduces CO2 emissions in the city by 175,000 tons yearly.
Perhaps the most important innovation is the creation of a unique transport system connecting Comuna 13 to the rest of Medellin Colombia. A 2,244 foot, orange roofed, outdoor escalator now makes it possible for residents of this once troubled neighborhood to easily get to the heart of the city. This ability has promoted a sense of unity that has helped bridge both social and economic divides.
Alan Krupiz
You Can Own Property in Medellin.
A major concern for potential investors and expat is whether foreigners can buy, sell, and own property in Medellin Colombia. The short answer is: YES!
Like many Central and South American countries, Colombia allows foreigners to own property with the necessity of obtaining a residency visa or a Colombia National ID Card (Cédula de Extranjería). In fact, real estate transactions can be carried without with nothing more than your tourist stamp on your passport.
As Colombia continues to recover from the turmoil of the late 1990s, the country has streamlined the process for foreign buyers to invest in the country. Non-Colombians now have the same property rights as Colombian citizens, marking a dramatic departure from the prior situation, where property rights were limited for foreigners.
The Buying Process
The first step in owning property is to identify both the location and the type of property you desire. New construction or a restoration project, modern amenities or a more authentic and rustic neighborhood – like everywhere else on the planet, Medellin property is all about location, location, location.
While the process has been simplified, it is still important to have the correct paperwork in order and to make certain that funds can be readily transferred. As is the case in many tropical countries, a legally established representative is required to ensure the successful transfer of property, title, and funds.
The Associated Costs
The following chart provides a guideline of the, relatively low, fees involved in a property transfer:
| TRANSACTION COSTS | ||
| Who Pays? | ||
| Registration Tax | 1% | buyer |
| Registration Fee | 0.50% | buyer |
| Notary Fees | 0.15% | buyer |
| 0.15% | seller | |
| Real estate Agents’ Fees | 3% – 4% (+ 16% VAT) | seller |
| Costs paid by buyer | 1.65% | |
| Costs paid by seller | 3.63% – 4.79% | |
| ROUND TRIP TRANSACTION COSTS | 5.28% – 6.44% | |
| Source: Global Property Guide | ||
The fees are used to complete a number of necessary steps in the transaction process. Obtaining a certificate about the property’s history, a successful title search, the necessary tax certificates, and the property deed will take roughly two weeks.
Establishing a Colombian bank account will make the transfer of funds much easier. It is important to remember that the process of opening a new account can take up to two weeks. This can prevent delays when scheduling a closing date.
One additional point to consider is whether or not you want to hold title in your own name. While Colombia does not require the creation of an SAS, (like the U.S. LLC), it may be a prudent step for tax and other legal considerations.
Alan Krisp
Is Now a Good Time to Invest in Medellin?
For expats, retirees, and investors alike, having great potential for return on investment is the paramount issue in considering any move to a foreign country. Medellin’s emergence as both a tourist destination and an economic center make it well-placed to provide the kind of long-term, sustainable growth that many potential expats desire as a means of providing for a sunny retirement outlook.
Like other Latin American locations, Medellin may not be for everyone. It is a city in a state of resurgence and, as might be expected, there are growing pains that come along with that progress.
Do your research. Identify those items which are “must haves,” and then see how this Colombian jewel matches up with those requirements.
Discovering these facts about Medellin is only the start of the adventure. Plan a visit and explore what life there is like firsthand. You may just discover that the “Land of Eternal Spring” is the location of your own personal fountain of youth.
As more and more retirees and young expats make their way to the Latin tropics, many cities are stepping up their game to meet the demands of this new demographic. And, as infrastructure and amenities continue to improve in many tropical cities, the cost of living is increasing at rapid rates in many locations.
Since a major consideration of making the move abroad is budget and lifestyle, it’s important that you know some of the most expensive cities in the Latin tropics and what they offer. Only then can you decide if they’re truly worth the sometimes high cost of living in paradise.
It’s important, though, to keep in mind that the cost of living in a particular area is often indicative of the level of services and amenities it offers. So, when evaluating tropical destinations and their associated costs, make sure you take the whole picture into consideration…not just the dollars and cents.
Rita Willaert
The Rising Cost of Paradise
Just as is the case with any other financial market, the increased demand for expat-friendly locations in the tropics has resulted in higher costs. Rising property values, infrastructure improvements, and the desire for more amenities “just like back home” have all combined to create larger price tags for life abroad.
Below are the four most expensive cities for expat living in all the countries we cover. The continued popularity of each of these destinations demonstrates the correlation between desirability and willingness to pay for the value-added features that each location contains.
Arron and Carol
San Jose, Costa Rica
Topping our list of the four most expensive cities in the Latin tropics is San Jose, Costa Rica. As the third most expensive city in the entire region (surpassed only by San Juan, Puerto Rico and Grand Cayman, Cayman Islands), the continued popularity of this Central American destination has resulted in higher prices, including the cost of Costa Rica real estate.
A dynamic, modern, and stable infrastructure, readily accessible “western style” amenities, such as shopping malls, internet access, cable TV, and a close proximity to major North American cities all translate into value-added features for this highly coveted expat destination. However, these desirable features do come with a higher price tag that should be taken into consideration as part of your plan for relocation.
Bernal Saborio
Panama City, Panama
Close behind San Jose, on the list of the four most expensive cities in the tropics, is Panama City, Panama. According to an annual survey by Mercer Human Resource Consulting, from 2014 to 2015 Panama City’s cost of living has climbed 41 positions among all international locations surveyed and four spots in Latin America alone.
The continued expansion of new commercial investment and the accompanying improvements in infrastructure have resulted in increased housing prices and a growing demand for American style homes. Since that demand is outpacing the inventory, it’s far from being a buyer’s market.
Nan Palmero
Tegucigalpa, Honduras
It may come as a surprise to many that Tegucigalpa, Honduras has become one of the most expensive cities in Latin America in which to live. The upswing in foreign investment since the early 2000s has brought with it the cost of improving the infrastructure of the city to meet the demands of the 21st century.
While not as popular as…say, the island of Roatan, Tegucigalpa still offers high level of amenities at a price point that is less than some of the more popular tropical destinations. It can be anticipated that as growth continues, prices will stay on the rise as well.
Roman Korzh
Quito, Ecuador
Last but not least on this list is Quito, Ecuador. This capital city’s popularity with expats and retirees has led to a steady increase in the cost of living. With this price hike comes a wide variety of housing options and many other big city amenities expats have come to expect.
Not everything costs more in Quito, though. Although it’s ranked as the 13th most expensive of Latin American cities, its prices for gas and public transportation are still far less than any of its neighbors.
The Bottom Line: Is It Worth It?
For potential expats, the cost to live in a particular city should certainly play a role in the decision-making process. However, it shouldn’t be the starring one. Other factors to consider include location, amenities, climate, and whether it offers the kind of lifestyle you’re seeking.
In the end, only you can decide whether these and other tropical destinations offer sufficient bang for your buck. If you have cities you’re considering, spend some time there to see if the expat experience they offer lives up to the price point they demand. Only then can you make the move knowing you’ll never regret the decision you made.
Along the “Gold Coast” of Guanacaste, Playa Hermosa Costa Rica has become one of the most desired expat destinations in the country. With stunning and pristine beaches, gentle waters, and a convenient location to major airports, Playa Hermosa continues to be a gem in this thriving part of the land of Pura Vida.
AW CR
Playa Hermosa and the Guanacaste Province – History and Location
Long before Playa Hermosa became the tourist and expat magnet of the Gold Coast, Guanacaste province has featured prominently in the history of Costa Rica. Before the arrival of the Spanish, the northern part of the Nicoya peninsula was the ancient home of the Chorotega Indians.
In the 1700s, some of the residents of Rivas (in what is now Nicaragua) moved south and established a settlement at a crossroads joining the towns of Rivas, Bagaces, and Nicoya. The location was baptized with the name of the Guanacaste tree – known today as the national tree of Costa Rica.
During the years 1824-25, Guanacaste was annexed to Costa Rica; July 25, 1824 marked the decision of the towns Nicoya and Santa Cruz to become part of the land of Pura Vida. The town of Guanacaste was named as province capital in 1836 and later renamed Liberia in 1854.
The early 1990s saw a boom in development in the area north of Tamarindo. Located between Playa del Coco and Playa Panama, Playa Hermosa has become a consistent center for development of beach properties including a number of high-end resorts.
Playa Hermosa Costa Rica Today
The vibrant and established expat community in Playa Hermosa continues to be a major location for retirees and investors. Values have rebounded and there is a good selection of properties for prospective buyers to examine.
The Hermosa Beach area continues to combine a laid-back atmosphere with quality accommodations. As a winner of the coveted “Bandera Azul” award for environmental quality and safety facilities, Playa Hermosa has certainly lived up to the translation of its Spanish name: Beautiful Beach.
It’s Not THAT Playa Hermosa
If riding the waves and following the “endless summer” to fulfill a surfing dream is your destination, Playa Hermosa in Guanacaste is NOT the place you want. The surfer’s Playa Hermosa is located in Puntarenas province just south of the surfing mecca of Jaco.
Expat Life in Hermosa Beach Costa Rica
Playa Hermosa Beach
Access to this most coveted tourist and expat location is a major plus for Hermosa Beach. The Daniel Oduber Quiros International Airport in Liberia is a scant 20 minutes away and accepts daily flights from the U.S., Europe, and Canada.
Along with the growth of the expat population and the increase in the tourist trade, there has been an increase in construction of several large hotels/resorts at the northern end of Hermosa. An upside to this is added shopping and restaurant options for residents and visitors.
There are available taxis and shuttles that run up and down the Gold Coast affording access to the larger communities of Tamarindo and Playa del Coco. The bars, nightclubs, and restaurants in these lively beach towns can provide nightlife options without disturbing the tranquility that Hermosa’s visitors desire.
E. Daniel
Things to See and Do in the Hermosa Beach Area
Beyond the sun, sand, and gentle ocean waves, there is a wide selection of recreational activities for expats and visitors to enjoy. Snorkeling, kayaking, paddle boats are all readily available at a number of locations along the beachfront. Sunset cruises and sport fishing charters are also easy to arrange and enjoy.
Some of the finest national parks in Costa Rica are readily accessible from Playa Hermosa. Rincon de la Vieja National Park has a variety of geological wonders including hot springs, an active volcano crater, a waterfall, and bubbling natural mud pots.
Santa Rosa National Park is home to a massive nesting and breeding grounds for sea turtles. The park was originally created to protect the site of the battle of Santa Rosa and the Second Battle of Rivas where Costa Rica’s national hero, Juan Santamaria was mortally wounded helping the Costa Rican army defeat William Walker in his attempt to establish an English speaking colony.
Palo Verde National Park has lush mangroves, wetlands and savannah and is one of the rarest ecosystems on the planet: one of the last remaining tropical dry forests. Bird watchers will be delighted by the variety of species that call this unique environment home.
For the more adventurous, the southern part of the Nicoya Peninsula with communities like Samara and Nosara offer a more rustic and bohemian environment.
What Does It Cost to Live in Playa Hermosa Guanacaste
The overall cost of living in Playa Hermosa is somewhat higher than other beach locations in Costa Rica, ranging in the upper-mid range to lower end luxury prices as evidenced by the million dollar properties that can be found on both the North and South ridge areas. These higher prices may be an issue for those whose expat dreams are limited by budget constraints.
As developers return to the region in response to a reviving economy, property values can be expected to increase. The areas of the North and South ridges, in particular are slated for some exciting long term projects with the potential for a significant return on investment.
This is not to say, however, that there aren’t some more moderately priced options a short distance from the prime beachfront properties. Looking at the options available, both for completed properties and lots available for construction, is the best way to determine the affordability of living in Hermosa.
Sergio Quesada
The Downside of Paradise
While Hermosa Beach may be the perfect destination for many expats, even paradise has some features that may not tick everyone’s boxes in terms of an ideal location. Here are some things for consideration.
The sand at Hermosa is dark; for some beach “purists” this can be a real negative. If white, pristine sand is a requirement, Playa Hermosa may not be the best fit.
There is no real nightlife at Playa Hermosa although the nearby communities of Playa del Coco and Tamarindo certainly have many nocturnal entertainment options. The serenity and calm of Hermosa may be too sedate for those seeking the party atmosphere of an exciting beach town.
The calm waters off Playa Hermosa are a great location for many aquatic activities such as swimming, snorkeling, kayaking, and stand up paddle boarding. However the big negative of these placid waters is that there is no surfing here. As mentioned above, the “other” Playa Hermosa is the wave riders’ preferred destination.
Playa Hermosa Costa Rica and the surrounding area on the Gold Coast are very developed. Those seeking a more “adventure camp” lifestyle or wanting to immerse themselves in a rustic Costa Rican experience would be disappointed by the modern amenities that abound in the area.
Sergio Quesada
Future Plans for Playa Hermosa Costa Rica
The future is definitely bright for the Playa Hermosa area of the Gold Coast. As the collapse of 2008 recedes in the distance, investors and developers are once again turning their resources and efforts to the promise of the Hermosa beach location.
The southern end of the beach is the location of the Steve Case Cacique Project. This development will include, among other amenities, a tennis court complex designed by stars Andre Agassi and Steffi Graf. Importantly, the project will minimize impact to the environment keeping to Costa Rica’s commitment to “stay green”.
The northern end of Hermosa is the Playa Panama development. This luxury property will have Westin, Grand Occidental, and Hilton resorts and the amenities that can be expected of such high quality operations.
Importantly for residents and long-term visitors of Hermosa Beach, there will be construction of a new state of the art CIMA Hospital just 15 minutes away. Having a world-class medical facility is a further indication of the growth potential of the this once sleepy Pacific fishing village.
So What Is the Best Way to Discover If Playa Hermosa Is Part of Your Tropical Dream
The undisputed, best way to find out how your vision of an expat retreat matches with the opportunities that abound in Playa Hermosa is to go there. Being able to physically see the area and experience life there is the first and most important step in making the decision to move.
Set aside at least a week (two would be better) so you can truly explore Hermosa Beach and the surrounding communities. Check out places like the Super Mercado (a grocery chain), take a tour (or two), maybe experiment with taking a taxi to Tamarindo or Playa del Coco.
Talk to long time expats and find out their experiences – both positive and negative. There is no better source of information than those who have made the journey (and possibly some mistakes along the way) before you.
Lastly, take all the information that you’ve gained and be honest with yourself as to whether this is the place for you. Playa Hermosa Costa Rica may not be the perfect fit for everyone but, if you discover that it’s a good match, go for your dream.
Map of Playa Hermosa, Costa Rica
Playa Hermosa, Costa Rica Fast Facts
- Population: Aprox. 1,800
- Typical temperature: Average temperature 82°F with a maximum of 100°F
- Nearest airport with U.S. flights: Liberia’s Daniel Oduber Quiros International Airport
- Nearest U.S. consulate: San Jose, Costa Rica
The region of Limón, Costa Rica has largely been untouched by the growth in other parts of the country. Often considered Costa Rica’s last frontier, this Caribbean location promises new opportunities for both expats and investors while still retaining the sense of being off the beaten path.
Limon, Costa Rica
Limón is unique throughout Costa Rica in that it may be the most culturally diverse location in the country. Combined with untouched natural beauty and diverse ecosystems, living in Limón is truly a chance to experience life “off the grid.”
Limón’s History and the African Connection
Very little is known about the pre-Colombian history of Limón province. There is archeological evidence that tribal groups from Brazil and Ecuador visited the region and lived a hunter-gatherer existence. In the southern part of the province, the indigenous Bribri people lived in and around what is known today as Puerto Viejo. Their descendants still are a majority in the area.
In 1502, during his fourth and final voyage, Columbus anchored off of present day Puerto Limón at Ilsa Uvita. It is ironic that this area, although discovered first, remained largely unexplored until Spanish settlers began to build there in the 19th century.
The Afro-Caribbean migration
At the beginning of the 19th century, Afro-Caribbean groups from Bocás del Toro (present day Panama), San Andrés (now Colombia), and Nicaragua followed the turtle migration in order to hunt the creatures. As time passed, permanent settlements were established and blended with the indigenous tribes creating the unique Afro-Carib-Costa Rican culture that marks Limón today.
The long arm of United Fruit and development comes to Limón
The town of Puerto Limón was founded in 1854 and, in 1870, the Costa Rican government decided to build a railroad to Limón from San José. After three years, the project stalled due to problems with logistics and money.
Enter Minor Keith who, with the encouragement of Bernardo Soto, Public Works Minister, renegotiated the loans and completed the construction in 1884. In order to offset losses due to low passenger fares, Keith loaded the empty cars with bananas for shipment to the U.S. Ultimately, this would lead to Keith establishing the powerful and influential United Fruit Company.
The Caribbean Coast: a land apart
Even though some development had arrived in Limón, there was a deep divide between the central government in San José and the Afro-Caribbean population. It was not until 1948 that residents of the province, called limonenses, could freely travel without permission from the government.
Infrastructure improvements have been much slower in the region than other parts of Costa Rica. There is only one road, route 32, that runs to Limón from San José and electricity did not arrive until 1976.
The Attractions of the Caribbean Coast
One of the special features of Puerto Limón and the surrounding region are the many unique sights and activities available to visitors. A new awareness of the natural wonders, aquatic adventures, a vibrant cultural mix, and laid-back lifestyle have created an increase in tourist activity since the late 1970s.
The beauty and mystery of nature
The Limón province is home to many natural wonders. Tortuguero (literally land of turtles) features the Tortuguero National Park. The navigable canals here have given the area its nickname of “Amazon of Costa Rica.”
The beaches in and around Tortuguero are the nesting grounds for four of the eight types of green sea turtles in the world. During breeding seasons (March through October and February through July), visitors can observe these ancient creatures coming ashore to lay their eggs.
The Gandoca-Manzanillo National Wildlife Refuge has become a favorite location for those wanting to experience a jungle rainforest and its inhabitants. Located three miles south of Puerto Viejo, in the southern part of the province, this 23,348-acre refuge also features one of the two coral reefs in Costa Rica.
Three Fingered Sloth
The Sloth Sanctuary of Costa Rica, located in Penshurst, 30 km from Limón, is truly a one of a kind experience. With over a hundred two- and three-fingered sloths in residence, the Sanctuary gives visitors a chance to interact with these mysterious creatures in a way not found elsewhere.
Fun on and under the ocean
The fishing off the coast of Tortugero has become known as some of the best sport fishing in Central America. Known as one of the world’s premier tarpon spots, the Caribbean coast has become one of the most popular year-round fisheries in the region.
For scuba and snorkeling enthusiast,s the two ranges of coral reefs provide a chance to explore one of the rarest ecosystems in the world. Located at Cahuita National Park and Gandoca-Manzanillo National Wildlife Refuge, exploring these unique living environments is an opportunity not to be missed.
For surfers, Puerto Viejo offers a special treat. Known locally as “Salsa Brava” this powerful wave that can reach 40 feet in height can challenge even the most skilled wave riders.
The cultural experience
Being able to immerse yourself in the food and celebrations of the Caribbean, blended with an almost bohemian-like outlook, can give visitors a whole new slant on the concept of “pura vida.” The slower, more casual pace is far less touristy and more attuned to the idea of living for the moment.
Three of the villages in the region – Puerto Viejo, Punta Uva, and Cahuita – offer a true slice of Caribbean culture. Exciting and exotic Caribbean food, reggae music, and a general party atmosphere make it difficult to remember that you are still on land and not on an island.
Puerto Limón has became famous for its fall celebration, known as Carnaval. Started in 1949 by a community leader, Alfred Henry Josiah Smith (known as Mister King), this festival starts on October 12th and runs for about a week (including two weekends).
Originally designed to commemorate Columbus’ anchoring there in 1502, Carnaval has evolved into a weeklong party with food, dancing, live music, and a concert by a major artist from the Caribbean or Latin America.
Living and Investing in Limón Costa Rica’s Carribean Coast
As a major port city Limón, Costa Rica, is a natural hub for commercial investment. Largely overlooked until recently, the port area promises to expand in the hopes of attracting more commercial operations and ventures.
A significant attraction to expats is the remoteness of the area and lack of the “tourist vibe.” Finding lots to develop is far easier than in other parts of Costa Rica. Rustic housing (for those so inclined) also is more affordable.
The cost of living is generally lower than on the Pacific Coast. The exception to this would be for higher-end items such as appliances, electronics, and vehicles.
If you are looking to truly immerse yourself in the Afro-Carib-Costa Rican culture, Limón is the place for you. The smaller neighborhoods and villages in the region have maintained their uniquely Caribbean flair and atmosphere, and living there is the best way to experience it.
Investment plans for the future, public and private
The Limón province promises to make up for lost time as investors from both the public and private sectors are realizing the potential that exists in the region. In addition to the continued growth and commitment to the tourist industry, residential and commercial projects are also planned.
The Agency for the Development of Limon is made up of private commercial interests, banks, universities, and governmental agencies all working in concert to improve Limón and the surrounding area. One major project, the Moin Container Terminal, is scheduled to begin construction sometime in 2014 and open for operations in 2016.
A new resort project, Grand Caribbean, is repurposing a canal dug by the United Fruit Company in the 1950s for construction of a marina and residential lots. As other real estate investors see the improvement in infrastructure and the commitment by the government to developing Limón, Costa Rica, the potential return on investment can be expected to increase exponentially.
The challenges of moving to the Caribbean side
One of the major features of Limón, Costa Rica is also one of its major drawbacks. There are limited resources in the area and fewer amenities than in the more developed regions of the country.
Medical care for the entire province is provided by a single hospital. Hospital Dr. Tony Fascio Castro is located in Puerto Limón and is responsible for a direct population of nearly a quarter-million people.
Infrastructure has lagged behind the rest of Costa Rica. As a result, getting basic amenities such as electricity and water could be problematic depending on location.
Language outside of the major population areas, such as Puerto Viejo and Puerto Limón, may be a barrier to some. Not only is Spanish a principal language, there’s also a local dialect, Limonese Creole (Mekatelyu), a blending of English, Spanish, and Caribbean tongues.
Finally, the expat community, although growing, is still quite small compared to other regions. If having fellow expats in close proximity is a requirement, the Limón region may not be your best option.
Traveling to Limón Can Be an Adventure in Itself
There are a couple of options for those seeking to explore Costa Rica’s Caribbean coast. The remoteness and isolation that makes the region attractive also can make getting there a challenge.
The Limón International Airport was reopened for international travel in 2006 after being restricted to domestic travel for 20 years. At present the domestic carriers, Sansa Air and Nature Air, offer private charter flights from San Jose to Limón.
Both Sansa Air and Nature Air offer regularly scheduled flights to Tortuguero in the northern part of the region. From there, travelers can take the “water taxi” for the four-hour boat ride to the port at Moin, one of the two major ports in Limón. Alternatively, arrangements can be made with taxi drivers to make the drive to Limon.
The long and winding road
For most visitors to Limón and the surrounding region, driving is the travel method of choice. There are two routes from San Jose that lead to Limón; both routes ultimately merge onto the single road, route 32, that leads to the Caribbean coast.
The four-hour drive on this two lane road can be both scenic and difficult. Accidents, slow traffic, and even landslides can test both the patience and endurance of many drivers.
Two of the less stressful and more economical options are the public bus system and private shuttle service. Letting someone else do the driving can free your attention and allow enjoyment of the adventure ahead.
A truly less traveled path
An unusual option to making the journey from San Jose to Puerto Viejo – in the southern part of the Limón region – is by raft. Rafting down the scenic Pacuare River, adventurers are transported back to an earlier time. Though the entire trip is not by raft (shuttles are also used), this option provides a one-of-a-kind experience.
Limón’s Promise and Potential
Unspoiled and undeveloped, Limón and the Caribbean zone promise to be both the newest tourist mecca in Costa Rica and a unique expat and investor destination. Visitors and residents alike can look forward to “Pura Vida” with a dash of Caribbean spice in the days ahead.
If you’re thinking about retiring in Costa Rica, then the business of buying Costa Rica real estate is likely a major topic of concern as you work through the planning stages. You may have questions about where you should buy, how much you can afford, and how some of the most popular areas compare price-wise.
And if you’ve already started searching for properties or trying to learn about the Costa Rica real estate market, then you’ve probably seen how difficult it is to find reliable information. There just isn’t a whole lot of real estate data out there to help potential expats retiring in Costa Rica.
Marc Ambros
That problem frustrated us too, since we have our sights set on several potential developments in Costa Rica. In fact, 10 of the 57 slots in our recent list of the top places to live and invest in the tropics are occupied by Costa Rica destinations.
So, since we think retiring in Costa Rica is such an incredible proposition, we decided to make it a little (OK, a LOT) easier to get the information you need to make an informed decision about Costa Rica real estate.
Our comprehensive Costa Rica Real Estate Report is an in-depth guide for evaluating and understanding the local market. It answers most of the questions you probably have about what to expect when buying a home in Costa Rica, including…
David White
What Can I Expect to Pay for a House in Costa Rica? A Condo? Land?
Once we had data on thousands of property listings in Costa Rica, we grouped them by property type to see how those prices fell based on the kind of dwelling they offered (or didn’t, in the case of vacant lots). Here you can see the median listing price for each type of property.
By median, we mean that each of these prices shown in the graph is the one in the middle of the entire range. So, if you like the idea of retiring in Costa Rica and living on your very own farm, just know that there are hundreds of ranches listed below $450,000 and hundreds listed for more. In many cases way more.
What’s the Cheapest Option for Retiring in Costa Rica at the Beach?
This is a question we get asked a lot. And it’s no surprise. Costa Rica’s beautiful beaches are one of the biggest perks of retiring in Costa Rica. Here are the median home prices for some of the areas that are most popular with expats and retirees.
Again, since these are median prices, think of them in more general than absolute terms. That doesn’t necessarily mean you’ll have to shell out $750k to live in Playa Flamingo. But it does mean that you might expect to pay twice as much there as in, say, Matapalo or Playa Hermosa.
What Size Home Can I Afford to Buy in Costa Rica?
It’s one thing to compare prices between different destinations in Costa Rica, but that still doesn’t tell you exactly what you’re getting for your money. Does that $249,500 in Puerto Viejo buy you a 1 bedroom shack or a 3 bedroom family home?
We’ve drilled down into the price per bedroom for a number of cities in our full Costa Rica Real Estate Report, but here’s an example of the average breakdown for Dominical, Costa Rica.
There are a number of other factors that contribute to home prices, such as location and condition, but that’s a good example of how to estimate what you’ll spend based on the size of the home you desire.
How Much Does Land Cost in Costa Rica?
If your idea of retiring in Costa Rica involves some very distinct specifications and you won’t settle for anything less, then buying a lot to build your dream home is a great alternative to purchasing an outdated home that doesn’t check all your boxes.
You can see here that it’s entirely possible to score a parcel of land in one of Costa Rica’s most desirable beach communities for well under $100k per acre.
The availability of affordable land, combined with material and labor costs that are lower than ever, makes the possibility of building your own tropical paradise a very real option. You can likely even do so for less than the cost of buying an existing home.
Where Do I Start My Search for Costa Rica Real Estate?
You may have your mind made up on retiring in Costa Rica, but there are still plenty of decisions to make before your dream can become a reality. Check out our Top 57 Places to Live and Invest in the Tropics eBook for more information about some of the top cities in Costa Rica.
Once you’ve homed in on a particular city or region, check out some of the current listings on our Costa Rica real estate page. You can also download our entire Costa Rica Real Estate Report to aid you in your search and help you objectively evaluate the properties you’re considering.
What are you waiting for? Start your search today!
Belize is widely known for its beautiful landscapes, incredible biodiversity, and some of the friendliest people in the Latin tropics. It’s also celebrated for the Belize Barrier Reef, the largest in the Western Hemisphere and the second largest in the world, and the Great Blue Hole.
Thanks to these oceanic features and the incredible opportunities they provide for diving, fishing, and exploring, much attention is given to the many islands or cayes that dot the waters of the country’s coast.
Tourists and expats flock to destinations like Ambergris Caye and Caye Caulker, seeking what they hope will be an authentic Central American experience with postcard-worthy beaches and a laid-back lifestyle, far from the madding crowd.
I hate to be the one to break it to them. But to find exactly that, they’ll need to head to a destination just a little bit further south. On the mainland.
Ken Douglas
The Caye You Can Walk To
About 3 hours south of Belize City, and a comfortable drive thanks to the recently paved Southern Highway, lies the Placencia Peninsula. Or–as the early Spaniards called it–Punta Placencia, which means “Point Pleasant.”
And the area lives up to its name, as what you’ll find as you travel the length of the 16-mile long peninsula is nothing short of pleasing. In fact, Placencia, Belize has almost, if not all, the same perks as its island counterparts. Yet with one obvious exception. It doesn’t require a plane or boat to get there.
Placencia Has Better Access to Water Adventure than Belize’s Islands
The Placencia Peninsula divides the Caribbean Sea on the east from the protected Placencia Lagoon to the west. As a result, it offers many additional opportunities for exploration than some other popular destinations in Belize.
Because the reef extends for miles, parallel to Belize’s coastline, Placencia also offers easy access to spectacular diving and snorkeling sites. Divers of all skill levels can see the famous whale shark and many other species on both the reef as well as the many caves and atolls near the peninsula.
In addition to its ocean offerings, the Placencia Lagoon also houses species such as saltwater crocodiles, endangered manatees, turtles, dolphins, and stingrays. In its mangrove forests are various species of fish and birds, as well as rare species of coral.
The waters off the coast of Placencia are also great for sailing as well as fishing for wahoo, snapper, kingfish, and more. There are also some excellent spots to go fly fishing in the lagoon. Kayaking and cave tubing round out the menu of Placencia’s water adventures.
Suzanne Schroeter
Some Placencia Water Adventures Culminate with Land Excursions
Another benefit of being a mainland destination is that Placencia also offers river tours, such as those that journey up the Monkey River, so named for the howler monkeys you’ll find at the end of the tour. Along the way, boaters can see iguanas, turtles, and rare birds before hopping ashore for a jungle tour under the forest’s lush canopy.
Another popular land excursion is to the Cockscomb Basin Wildlife Sanctuary, a 128,000-acre jungle preserve which contains all five species of Belizean wildcats: ocelot, puma, margay, jaguarundi, and jaguars. Its nearly 300 bird species include scarlet macaws which fly in formations of up to 40 birds.
The Maya Mountains also lie just across the lagoon from Placencia. There you’ll find the ruins of Nim Li Punit and Lubantuum, as well as some incredible waterfalls and rapids.
But Nothing Can Top Placencia’s Beaches
Even the most devoted of the island lovers agree; the beaches along the coast of Placencia, Belize, are hands down the most beautiful in the country. They’re shimmering white, surprisingly wide, and they stretch for roughly 16 miles down the peninsula’s coast.
As a result, it’s entirely possible to find a secluded spot where you can swim or sunbathe completely alone, or with your favorite companion. The docks that jut out into the waves are few, allowing for an uninterrupted view of the Caribbean Sea and an unobstructed path for sunset strolls.
No one can argue with the fact that Placencia is the real Belizean beach that deserves to be on the back of a postcard.
Placencia, Belize Offers the Real Caribbean Culture Many Island-Goers Seek
Many expats choose to settle on one of Belize’s islands due to the high level of development and infrastructure that comes with living in a popular tourist destination. What they don’t count on is the fact that they’re trading North American-style amenities for authentic culture.
While the islands can lean a bit towards the touristy end of the spectrum, Placencia is about as genuine as you can get, starting with its people. Placencia’s population includes people from many ethnic groups including Latinos, Creoles, Maya, Mennonite, Chinese, East Indian, European, and North American.
There are also the Garifuna people, descendants of African slaves, who settled in the town of Seine Bight in 1832 and remain there to this day. A trip to this village, just north of the peninsula, offers the chance to taste Garifuna cooking and listen to their native music.
Everyone in Placencia is warm and welcoming. To the unassuming residents, not much has changed in recent decades as the town has progressed from a sleepy fishing village to an albeit lesser-known haven for expats and tourists.
Locals still work as fishermen or tour guides. They’re a close-knit community with regularly held events and celebrations and a vibe that most agree is much more authentically Caribbean than what’s manufactured on some of the island developments.
Philip Larson
Yet It Still Offers World-Class Amenities, In a More Charming Setting
That’s not to say that Placencia doesn’t have plenty to offer, compared to its more developed counterparts. Quite the contrary. Recent improvements and newly opened businesses continue to make Placencia, Belize an incredibly comfortable place to live.
The northern part of the peninsula is more sparsely populated. As a result, that’s where you’ll find some of the high end resorts and all-inclusives.
As you travel south, there’s a higher concentration of consumer options like coffee shops, banks, bus stations, restaurants, bistros, and internet cafes. Yet even the main part of town has no paved roads, only sidewalks, which helps it maintain its small-town charm.
Real Estate in Placencia, Belize is Also Pleasantly Affordable
Thanks to recent infrastructure improvements, like the newly paved roads, the area is seeing a boom in tourism and development. As a result, property values are on the rise.
They’re far from maxed out though, as Placencia is still a great place for potential expats or investors to find beachfront property in Belize at a reasonable price. Another perk to buying property in Placencia, Belize is that the process is made simpler since English is the official language and the U.S. dollar is accepted as currency.
Another thing that makes Placencia, Belize real estate a smart buy is the opportunity to invest in tourism. Norwegian Cruise Lines is now shuttling tourists from its private port on nearby Harvest Caye. With that influx of visitors comes an increased need for businesses catering to tourists.
If buying a boat and offering fishing charters or opening up a beachside smoothie stand sound right up your alley, then maybe you should consider Placencia, Belize. You’ll love the locals, and you can’t beat the view!