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!
If you know anything at all about Costa Rica, you’re likely aware that it’s tropical, beautiful, and a great place to go on a honeymoon. You may also know that it has some of the world’s best surfing and sport fishing.
Here are 19 lesser known facts about Costa Rica that show why this popular expat destination is worth a second look, whether merely for a visit or as a potential place to start the next chapter of your life.
1. There is no official military in Costa Rica.
Costa Rica abolished its armed forces in 1949 and has no standing military; however, the country still maintains a small force to enforce laws and assist with foreign peacekeeping.
2. Costa Rica welcomes over 2 million visitors annually.
Since 1994, tourism has been Costa Rica’s leading industry with over two million visitors arriving every year.
3. Costa Rica is home to 6 active and 61 dormant, or extinct, volcanoes.
Arenal Volcano, at 5,479 feet (1,670 m), last erupted in 2010. It is the most active volcano in Costa Rica and one of the most active in the world. In 1968, Arenal erupted and destroyed the town of Tabacón.
4. Natives Costa Ricans call themselves Ticos and Ticas.
Costa Ricans affectionately call themsleves Ticos and Ticas after their linguistic tendency to add the diminutive “tico” to the end of many words. This suffix may refer to smallness, but also implies fondness or affection.
5. Costa Rica is one of the top 20 countries in the world for biodiversity.
While Costa Rica represents only .03% of the earth’s land mass, it possesses fully 4% of all known living species of flora and faunas.
6. Costa Rica grows a world class cup of Joe.
Coffee was introduced to Costa Rica from Jamaica in 1779 and now there are over 247,104 acres of coffee plants growing in Costa Rica, making it the 13th largest coffee exporter in the world.
7. You will pay with “flour” when shopping in Costa Rica.
Not really. The official currency is called the colón, but Costa Ricans often use the word harina (flour) to refer to their money as well.
8. The Central Valley has a history of witchcraft.
The most famous place in Costa Rica for witchcraft is Escazú where it’s rumored that people continue to practice their rituals in mountain caves. Today Escazú is a rich suburb of the capital, San José, where you can find brujas (witches) offering tarot card readings and more.
9. Isla del Coco is the most remote and largest uninhabited island of Costa Rica.
This island is nearly 360 miles into the Pacific Ocean, southwest of the mainland. You might have seen this island in the opening credits of the Steven Spielberg film “Jurassic Park.”
10. It’s not a big deal to see someone walking around with a machete in Costa Rica.
Costa Ricans use machetes for everything and often keep one on them. They’re considered the Costa Rican equivalent of duct tape and are just as common in the countryside.
11. Costa Rica is slightly smaller than Lake Michigan.
Costa Rica is about the size of West Virginia and has approximately 19,730 square miles, 801 miles of coastline, and population of around 4.1 million people.
12. Every Costa Rican radio station plays the national anthem each morning at 7 a.m.
Radio 107.5 FM, the country’s only all-English radio stations offers rock from all of the decades. Super Radio 102.3 specializes in the oldies. Radio 95.5 plays jazz and fusion.
13. Ice cream flavors in Costa Rica are interesting, bordering on weird.
Popular flavors include coconut, goat cheese, wild blackberry, peanut, chipotle blueberry, chocolate almond, and more.
14. “Pura Vida” is a happy, feel-good expression.
“Pura Vida” is used regularly by the locals when asked how they are, or in passing to say “hello” or “goodbye.”
15. Costa Ricans enjoy a life expectancy of 79, one of the highest in the world.
The country also receives international praise for its modern healthcare system, where it’s ranked 36th in the world by the World Health Organization (WHO). The Nicoya Peninsula is one of the world’s seven Blue Zones, a place where people live longer and happier lives, with a high concentration of people over age 100.
16. Eco-tourism is leading the way in Costa Rica.
With its abundant natural resources, diverse landscape, exotic marine life, and rich biodiversity, Costa Rica is leading the eco-tourism boom. In 1995, tourism overtook bananas to become Costa Rica’s leading foreign exchange earner.
17. Costa Rica is home to four UNESCO World Heritage Sites.
UNESCO has designated four locations in Costa Rica as World Heritage Sites for their universal cultural and natural value. They are La Amistad National Park, Cocos Island National Park, Area de Conservación Guanacaste, and the Precolumbian Chiefdom Settlements with Stone Spheres of the Diquís.
18. Costa Rica is one of few Latin America nations to have street signs.
In 2012, Costa Rica’s capital, San Jose undertook a $1 million project to reintroduce street signs and a more regulated postal system. Before that locals used landmarks to give directions.
19. Costa Rica ranks #1 on the Happy Planet Index.
The Happy Planet Index uses three criteria—life expectancy, experienced well-being, and Ecological Footprint—to determine the overall happiness levels of 151 countries across the globe. With a score of 64.0, Costa Rica tops this list. The United States, for comparison has an index of 37.3.
So the next time you find yourself in Costa Rica, you won’t be caught off guard when you hear one of the expressions mentioned in #7 or #14. Make sure you plan a trip to one of the sites in #17, and–unless you want to look like a tourist–don’t lose your mind when you witness #10!
Crucita, Ecuador has the reputation as one of the top spots in the world for paragliding and hang gliding. The pristine beaches and largely undeveloped area are rapidly become a magnet for expats and investors seeking that unique blend of adventure and potential.
Corinne
Crucita, Ecuador – From Fishing Village to Adrenaline Central
The area known today as Crucita, Ecuador is an attractive beachfront town in Manabi Province of Ecuador. Located 40 km (25 miles) from the port city of Manta and 28 km (17 miles) from the province capital of Portoviejo, Crucita has become the most visited beach destination in Ecuador.
Crucita, Ecuador’s Beginnings
The Pacific coast in and around Crucita, Ecuador has been occupied since pre-Columbian times by the ancient Manta people. In 1895, the Bishop of Manabi, Peter Schumacher, erected a cross at the local church as part of the celebration of the month of the Virgin Mary (May) and the Holy Cross. From that point on, the location has been known as “Crucita” (little cross).
On May 25, 1978, Crucita Portoviejo was designated as an urban parish. Although small (current population is around 12,000), Crucita will continue to expand as sports enthusiasts, expats, and investors are drawn by the opportunities in real estate that await there.
Crucita – Adrenaline Central
Paragliding and hang gliding enthusiasts have discovered that Crucita, Ecuador has near-perfect conditions for these extreme sports. The miles of open beaches, constant Pacific breezes, and hostels and lodges catering to “gliders” have given Crucita worldwide exposure as the place where you can truly “spread your wings”.
Ministry of Ecuadorian Government
Crucita, Ecuador and Jaco, Costa Rica – A Tale of Two Cities
Comparing Crucita, Ecuador and another popular Central American beach location, Jaco, Costa Rica, can provide a glimpse of the future potential that awaits there. The similarities between the two communities are striking and the pathway for growth in Crucita follows a similar arc to its more developed neighbor.
Prior to the late 1970s, Jaco was little more than a fishing village. With improvements to local infrastructure (water system 1976, highway access 1978, improved electrical system 1981), Jaco began to see a real surge in development.
At the same time as Jaco was growing, surfing enthusiasts discovered the white water and challenging waves that are a regular feature in and around the Jaco area. Before long, the region became known worldwide as a surfing mecca with weekly contests, festivals, and year-round celebrations of “the endless summer.”
Improvements in Infrastructure, Enhancement in Potential
Where Jaco became a surfing magnet, Crucita, Ecuador has become a world famous destination for the high-energy and altitude sports of paragliding and hang gliding. While both rely on wind and weather, hang gliding is the older of the two styles, (hang gliding 1960s, paragliding started in Europe in the mid-80s) uses a heavier “wing,” and can be more of a challenge to transport on air carriers.
Crucita, Ecuador is also seeing infrastructure improvement that makes living in this Pacific location much easier. The latest project is a four-lane highway from the province capital, Portoviejo, which will reduce travel time and improve access; the highway between the international port of Manta and Crucita has also been rebuilt.
The increasing interest in the area is also leading to upgrades in electricity, municipal services, and better internet and cable television. A long-term tourism project, known locally as Balsamaragua, is also expected to enhance the desirability of Crucita as a destination and investment location.
What Does It Cost to Live in Crucita, Ecuador?
One question that potential expats or investors need answered is what is the cost of living in Crucita, Ecuador? Like much of the rest of the country, the prices for such items as food, utilities, and rent is more affordable than in many Central American locations.
Averages for rent in Ecuador can run from $250 per month outside major centers to $1000 per month in larger cities such as Guayaquil and Quito. As a smaller town, Crucita’s rents are definitely in the lower end of this spectrum.
Utilities such as electricity, water, and garbage are also reasonable and can run as little as $40.89 average per month. With Crucita being on the coast, air conditioning may make for higher electricity costs.
Vacation ROL
Investment Possibilities in Crucita, Ecuador
Crucita, Ecuador is becoming a focal point for both expats considering a retirement option and investors seeking to maximize their returns as the number of tourists continue to grow. With a large amount of underdeveloped and undeveloped land still available, Crucita’s real estate market is poised to see true growth potential.
Importantly, Ecuador adopted the U.S. dollar as its currency in 2000. As a result, many of the issues (conversion values, fees, etc.) that are encountered elsewhere in Central America are not a concern here. Crucita, Ecuador promises to be a location where the dollar certainly can retain its full value.
The Challenges of Becoming an Expat in Crucita, Ecuador
For all the upsides that Crucita offers, the rustic beach town lifestyle may not suit everyone’s idea of a Central American retreat. Since Crucita is a developing community, many amenities that are in found in larger cities and towns are lacking. If having a more modernized environment is important, Crucita may not be the best fit.
Though the number of expats is growing, the expat community as a whole is still small. As a result, being able to speak and understand Spanish is very important and may present a challenge to moving to this Pacific paragliding paradise.
Ironically, one of the major draws of Crucita may also be a major drawback for those looking for a quiet oceanfront home. The various festivals and competitions that bring in paraglider and hang glider participants can make for a more lively atmosphere than some expats may be looking forward to.
Crucita, Ecuador – Take the Leap of Faith
There is a wealth of opportunity that can be found on the beaches of Crucita, Ecuador. There is no substitute for making a journey to Crucita to get a true sense of whether this growing area is a place to build a Pacific future. Much like those who launch into the Crucita skies to paraglide, taking that leap of faith is the first step to finding out what the future may hold.
Map of Crucita, Ecuador
Crucita, Ecuador Fast Facts
- Population: 10,000
- Typical temperature: Average temperature of 75 – 80 degrees Fahrenheit
- Major airports with U.S. flights: Mariscal Sucre Airport (Quito, Ecuador)
- Nearest U.S. consulate: Quito
Guatemala is a growing retirement destination that shouldn’t be ignored. Each year, more and more expats are looking towards Central America in search of the perfect retirement destination, and with stunning scenic beauty and an “eternal spring-like” climate in the mountains, it isn’t hard to see why.
But with so many breathtaking reasons to retire to Guatemala we’ve pared it down to 7 of the most important reasons to retire to this hidden gem in Central America.
Lake Atitlan – Wojtek Ogrodowczyk
1) A low cost of living
Like many places in Central America, the cost of living in Guatemala is quite low, which allows expats to enjoy a comfortable life without having to stretch their pensions thin in order to do so.
Depending on the pace of life desired, most expats coming to Guatemala choose to settle down in either Guatemala City, the colonial town of Antigua, or on the serene shores of Lake Atitlan. Each spot is unique and has something special to offer depending on your personal taste.
The largest of the three, prices in Guatemala City will be a little higher (although still much lower than back home in the U.S.). Here, a fully furnished two bedroom apartment can be rented for $500-700 per month and a three bedroom house anywhere from $1,200-2,000.
Of course, if the city life isn’t for you, the cobbled streets of historical Antigua might be more up your alley. Rent prices in Antigua are roughly 20% lower than in Guatemala City, but prices will shift depending on where in town you choose to live.
And if you are seeking small town serenity, the indigenous villages of Lake Atitlan have homes to rent for $500 a month and up.
Keep in mind, these prices are for homes that meet western standards and if you don’t mind living like the locals (no washer/dryer, cable or hot water), you can rent a home in Guatemala for significantly lower.
All in all, a couple can live comfortably in Guatemala for anywhere between $1,200 and $1,500 a month, and this will include housing, food, entertainment, transportation, utilities and even maid, handyman or gardening services if you so choose.
United Nations Photo
2) Live among the Maya
Mayan culture is still alive and flourishing in Guatemala today, and–if you choose to make it your home–you will see local Mayan citizens dressed in their traditional, colorful Mayan garb on a daily basis.
There remain to this day, more than 10 million people scattered throughout Central America who were raised with a Mayan language as their native tongue.
And despite the fact that they were largely converted to Christianity when the Spanish invaded, many of the Maya hold on to their beliefs and continue to follow the teachings of their shamans.
3) Immerse yourself in history
Guatemala is rich with history that can be experienced from the Maya-inhabited highlands to the colonial streets of Antigua.
With something to explore around every corner, the town of Antigua will take you back in time. Founded in the early 16th century, many of the town’s most significant monuments have been preserved as ruins, and Antigua today acts as a snapshot, perfectly capturing the Spanish colonial architecture of the past.
Moving away from Antigua, the Tikal National Park is home to one of the largest Mayan archaeological preserves in Central America.
Inhabited by the Maya from 6th century BC to 10th century AD, these haunting ruins provide visitors with the rare opportunity to catch a glimpse of what Mayan life and culture was like in ancient times.
Photo: Viva Team
4) Lakeside life
Another thing that is attracting expats to Guatemala, is picturesque Lake Atitlan. Icy blue Lake Atitlan is the deepest lake in Central America and is set against a mountainous backdrop of three volcanoes.
Nestled in the Guatemalan highlands, many expats seek out the surrounding villages of Lake Atitlan to experience small town life in a majestic mountain setting.
Considered by many to be the most beautiful lake on the planet, residents of Lake Atitlan spend their days hiking the winding trails, interacting with the local Maya and watching the sun set over the water as they stretch out in a hammock.
Guillero Mogg
5) Don’t forget the beaches
Even though Guatemala has both Caribbean and Pacific coasts, the beaches of Guatemala don’t receive the recognition that they deserve.
Monterrico Beach can be found on the Pacific coast and has gained popularity due to the sea turtle conservation efforts that take place on its shores. Each week newly hatched sea turtles are released onto the black sanded beach as they begin their fight to the sea.
Iztapa Beach is prime for sail fishing, and some of the fishing companies even have accommodations available directly on the beach.
If you’re a surfer, head to either Sipacate or Tilapa to find perfect waves that aren’t yet packed with other surfers. And if you crave the white sand beaches of the Caribbean, palm tree-surrounded Playa Blanco definitely lives up to its name.
6) Close to home
For many expats, one of the most attractive things about retiring to Guatemala is the short travel time to and from the U.S. Many American expats want nothing more than to retire in a tropical climate at a low cost, but that doesn’t mean they want to endure a long, gruelling plane ride in order to get there.
Sharing a border with Mexico, Guatemala provides expats with the best of both worlds. A tropical haven, not yet choked with tourists, conveniently located close to home.
7) Visa options
For those thinking of retiring to Guatemala, the Guatemalan government now offers a Pensionado program, a permanent residency that will allow anyone to live in Guatemala indefinitely.
A Cedula (national identity card) will allow the Pensionado expat to open a Guatemalan bank account without having to show their passport.
The application process will take 7 to 10 days and is strictly for retired or disabled individuals. A monthly income of $1000 per individual and $1200 per couple is required and this income cannot come from an employer. You can however be self-employed or generate the money from private investments.
Although five years is standard, you can apply for Guatemalan citizenship after two years of residency.
Is Guatemala for you?
A beautiful country not yet congested with tourists like other Central American countries, Guatemala is proving to be the perfect retirement spot for many expats.
So before you make the decision to make Guatemala your new home, take some time to explore the country and everything it has to offer you. Experience Guatemala City, soak in the historic beauty of Antigua, and relax on the shores of Lake Atitlan as you search for the ideal spot to settle down.
You may have noticed that a lot of our recent articles and eBooks laud Costa Rica as a great place to invest or buy a home. Our biggest reasons for that include the country’s incredible natural surroundings, unsurpassed beauty, and unmatched quality of life.
However, there’s another, more practical reason we recommend it as a place you should consider for buying or investing in property.
Costa Rica has the most favorable property ownership laws in all of Central America. It also ranks 6th (behind the likes of Chile, Uruguay, and Brazil) out of Central and South America combined.
Buying and owning property overseas, as a foreigner, can certainly present its own set of challenges. However, in Costa Rica those hurdles are pleasantly lower. Here’s the lowdown on what you need to know before you buy Costa Rica real estate.
All Costa Rica Real Estate Falls into One of Six Categories
To help narrow your focus when considering Costa Rica real estate, it’s important to know that every piece of property falls into one of these six categories, some much more common than others. Understanding the pros and cons of each type can help simplify your decision-making process when the time comes.
1. Fee Simple Property
This type of property ownership is the one that North Americans are most familiar with, as it mimics what happens when you buy a piece of property in the U.S. With fee simple ownership, the buyer owns the property and has every right to use, sell, lease, improve, and enjoy the property, subject only to Costa Rican law.
Buyers who purchase fee simple property have the most rights, according to the law, to enjoy their property and use it however they see fit. And foreigners have exactly the same rights as Costa Rican nationals.
2. Concession Property
These classifications, set forth by the Maritime Zone Law, apply specifically to beachfront property in Costa Rica or, more specifically, the first 200 meters measured horizontally from the high tide line. Foreigners cannot purchase concession property as easily as fee simple.
In fact, they’re only permitted to hold a 49% share in a corporation with a native Costa Rican. That is, unless they’ve lived in Costa Rica for five years, in which case they are permitted to be a majority owner. Here’s how that 200 meters breaks down.
- Public Area – The first 50 meters is considered a public area and, consequently, cannot be owned by anyone, including locals. Development is permitted only by approval. However, anything that’s built can be accessed by any individual who wishes to use it for enjoyment.
- Restricted/Concession Area – The next 150 meters, after the public area, is available for concession (which essentially works like a lease). Both foreigners and locals can purchase Maritime Zone property through a concession, which allows them to use it for a specified length of time (usually 20 years). They can build or alter the property, but only after obtaining a permit.
3. Property in Condominium
No, this doesn’t mean a townhome-like residence or a single unit in a high-rise development. It just means a property has been developed according to “Condominium Law.”
These laws allow developers to regulate certain aspects of the development, according to a set of by-laws that spells out all the restrictions and limitations. It’s technically the same as fee simple ownership. However, the by-laws may restrict certain aspects in order to preserve the intended look and feel of the development.
4. Untitled Property
Properties in Costa Rica are required to be registered in the Folio Real at the offices of the Public Registry in San Jose. This registry contains information on the ownership, boundary lines, liens, etc.
That being said, there are some properties in Costa Rica that have never been registered. They may have been passed down through family generations, claimed by squatters, or maybe even never occupied by anyone. This type of property is not recommended for purchase due to the difficulty in proving where the boundaries are or that the “owner” even has a right to sell it.
5. Time Share
While not common in Costa Rica, time share properties do exist. Similar to condominium properties, these offer owners the option to use a particular property for a specified amount of the year.
6. Frontier and Border Land
This category represents the only land in Costa Rica that can’t be owned, either by foreigners or locals. It’s essentially any land within two kilometers of any national frontiers or borders shared with other countries.
There Are Two Types of Purchasing Methodologies
You can purchase and own Costa Rica real estate in one of two ways. Here’s an explanation of each method.
Direct Transfer
This method is exactly what it sounds like. The buyer buys a property and takes ownership, registering it in their own personal name.
Corporations
Buying a property through a corporation is a common practice in Costa Rica. It’s a relatively simple process, with the help of a knowledgeable attorney, and allows the buyer to remain anonymous by registering the property in the name of the corporation.
Another variation of this method is for a buyer to acquire a property by buying shares in an existing corporation that already owns a property, in which case transfer taxes can be avoided since there’s technically no change in ownership of the property if the same corporation still owns it.
There are definite benefits to this method. However, there are also some risks. Namely that a buyer cannot be completely sure that the corporation they’re buying into has no other liabilities that might undermine its solvency.
Now You’re Armed With All the Knowledge You Need
So, that’s it. That’s the basics. Consider yourself ready to navigate the laws governing Costa Rica real estate. All that’s left to do is find the property of your dreams!
North Americans are blessed (or cursed, depending on how you want to look at it) with the reality of never having to worry about staying connected or having access to reliable technology. As a result, the lack of dependable means of communication is one of the biggest concerns many potential expats have when preparing to make their move abroad.
They worry they’ll have trouble working if internet service is spotty, or that they won’t be able to access their bank account or favorite websites, or merely that they’ll lose touch with family and friends if communicating becomes increasingly difficult.
The good news is that–with improved phone and internet service in many developing countries and a whole host of apps that help simplify the expat lifestyle–Living, working, and communicating outside the U.S. has never been easier.
Here are a few must-have apps, devices, and services you need to embrace for a smooth transition abroad.
Shinichi Higashi
Start with a few key devices
Before you make the move, make sure you have at least a few of these devices in carry-on. Don’t think you’re going to be able to get a much better deal on one once you arrive in your destination, as electronics are often slapped with a hefty Value Added Tax (VAT), making them even more expensive than in the U.S.
Laptop computer
With a laptop, you can access the internet in order to email or Skype (more on this app later) with friends and family. You can also use it to watch TV shows, work remotely, and all the other things you currently use your computer to do.
Tablet
A tablet has the double benefit of handling many of the same tasks as a computer, while being smaller and more portable. It can also duplicate many functions of a smartphone, yet with a much larger screen for games, movies, or ebooks.
E-reader
There are a number of different brands of these available, each with its own unique benefits. The reason they’re helpful is that many U.S. publications, like books and magazines, aren’t as readily available overseas. Purchasing ebooks or subscribing to digital magazines are great options for keeping up with what’s current.
Smart phone
This one is easily the most important device to have when moving abroad. By unlocking your phone (which can be a breach of contract or void any warranties, so be careful), you swap your U.S. SIM card for a foreign one and then swap it again when you come back for visits.
There are a number of different phone and data plans available in most countries. You can opt for a U.S. based international plan that offers unlimited text and data. Another option is a pre-paid plan, which as it turns out isn’t just for teens and drug dealers.
Phone plans are generally cheaper outside the U.S. But you should still make sure you have a good understanding of how your plan works, including any roaming charges, data limits, etc.
Steve Douglas
Meet Your New Best Friends, VoIP and VPN
No matter what other services you subscribe to, like cable, internet, or cellular, you’re definitely going to want to familiarize yourself with these two.
VoIP
Short for Voice over Internet Protocol, this is a service that uses a device to allow you to make calls over the internet using a standard landline phone or your computer. One great example is magicJack which also has an app that allows you to access the service with your smartphone when you’re on-the-go.
VPN
A Virtual Private Network can be thought of as a private tunnel remotely connecting your computer with a server of your choosing, i.e. a U.S. one. There are a number of reasons why you’d want to do that.
For starters, many banks and retailers only allow access to their websites from within their own country. So in order to manage your U.S. accounts or stock up on J. Crew clearance, you’ll need to do so from a U.S. IP (internet protocol) address, which is only possible via a VPN.
Other benefits are that VPNs act as a secure virtual firewall, which is especially important if you’re using wi-fi hotpots. They also allow you to access sites that might be blocked by a particular country’s government.
Another little-known fact is that many travel-related businesses, like airlines and car rental companies, adjust their rates based on your location. So, the cost to rent a car in Germany might cost you more if you book from Panama than if you use a VPN based in California.
Sam Azgor
There’s an app for that…
No matter what your need when living or traveling abroad, as the slogan goes, there’s probably an app that can help you. Here are some of the most popular options in a few important categories.
Calls and Texting
Skype is a VoIP service that charges on a per call or pre-pay basis, rather than with a monthly subscription (unless you’re a business user), and has a very user-friendly app. Like other VoIPs, you can use the internet to call any number anywhere, for very reasonable rates.
If you’re using a VPN with a U.S. IP to make a call to a U.S. phone number, that’s considered a domestic call. You can also communicate for free with anyone else who has a Skype account.
Viber, for Mac users, mimics the free user-to-user calls and messaging of Skype. It also gives you the capability to transfer ongoing calls from one device to another. WhatsApp Messenger is a mobile messaging app that allows all smart phone users to send free text messages, images, audio, and video.
Social Media
If you don’t want to talk or text, the many social media sites and apps are a great way to stay on top of what’s happening in the lives of people you know or in the world. You can use apps like Facebook and Twitter to connect with other expats and keep abreast of developments in your area.
Blogs are another great way to record your new experiences as an expat and share them with friends and family back in your home country. WordPress and Tumblr are two popular ones.
Entertainment
Netflix is a great way of catching up with all the U.S. shows you were hooked on or seeing new releases before they make it to your new country. Make sure you’re using a VPN with a U.S. IP address, or those shows may be blocked.
If you don’t have an e-reader, apps like Kindle or Nook allow you to read your selections on your smartphone or tablet. Finding familiar music can often be a challenge abroad and, although Pandora doesn’t yet have widespread usage, there’s always iTunes Radio and TuneIn, which allows you to listen to almost any radio station in real time.
Translation and Conversion
Since you’ll likely have a new language to contend with in your new location, try the app Duolingo to help you hone your bilingual skills. It uses fun tools to teach several languages and is also kid-friendly.
For on-the-spot translation, try Google Translate. You can input words using your voice, the phone’s camera or keyboard, or even your handwriting to have them immediately translated into up to 90 different languages. A recent upgrade allows you to access saved languages even when you’re offline.
For currency conversions there’s XE Trade, an app that provides up-to-date exchange rates and a currency calculator to help you figure out prices and track expenses.
Finding Stuff
Worried about navigating a foreign country? Fear not. It’s good ole Google Maps to the rescue! However, you can forget not being pegged for a tourist, as the app’s avatar has an American accent and pronounces everything accordingly regardless of her location.
If you need to find an internet hotspot while you’re traveling, try Wi-Fi Finder which can find service anywhere in the world. Apps like Doctoralia can save the day, or maybe even your life, if you find yourself in need of medical care in an unfamiliar area. Not only can you find local health centers and professionals, you can also read reviews left by other users.
Or for those suffering from technology overload
Who knew there were so many options to allow expats to stay connected abroad? The only problem is if your idea of the perfect expat lifestyle involved a slower pace of life where you didn’t feel obligated to make yourself instantly available to anyone at any time.
If that’s the case, there are plenty of places where you can conveniently slide off the grid and under the radar. Even if you still find your expat destination a little too technologically accessible, feel free to hit the “Off” button on any or all of those essential devices. Even the most savvy expat needs a little time to recharge.
Dark, mysterious jungle paths, breathtaking volcanic vistas, heart-pounding, high-adrenaline whitewater challenges; Tena, Ecuador is truly a gateway to Amazonian adventures. This colonial jungle village, southeast of Quito, can be a doorway to the kind of journey one might only expect to see on the big screen in a big budget movie.
Whitewater Ride
Ecuador is a country rich in history and filled with potential for expats and visitors alike. As a starting point for exploration of the Amazon basin and the Galapagos archipelago, Ecuador offers a rich and diverse selection of things to see, do, and become immersed in.
Tena, Ecuador – A Place of Amazon History
In 1541, Gonzalo Pizzaro, half-brother of the conquistador, Francisco Pizzaro, left Quito and headed east through the Quijos Valley in search of the fabled city of El Dorado. Although the search for the golden city failed, one of Pizzaro’s second-in-command, Francisco de Orellana, continued the journey downstream and, ultimately, discovered the mighty Amazon River.
Their route would have taken the explorers through what would later be the town of Tena. Founded in November 15, 1560, Tena quickly became an important colonial trading post and a gateway to the upper Amazon and the Amazon River proper.
Jumandy and the Quijos Uprising
As Spain continued its colonial expansion, the indigenous Quijo people began a revolt. Though successful in putting down the first insurrection in July, 1560, the colonial authorities were concerned about continued unrest.
In order to try and head off future attacks, two conquistadors, Andres Contero, the lieutenant governor of the region and Captain Bartholomew Marin sought out and met the leader of the Quijos, Jumandy.
After refusing Jumandy’s request to leave the area, the Quijos attacked and destroyed the Spanish towns of Avila and Archidona during 1578-1579. While trying to get assistance in his revolt from the Sierra tribes, Jumandy was betrayed, captured, and ultimately executed in Quito. The entry to Tena is marked by a statue of Jumandy, erected in his honor.
Tena Today
Tena has evolved from its colonial past as a key jungle trading post and point of departure for the Upper Amazon basin to the major commercial center and capital of the province of Napo. Tena’s atmosphere is still that of a small jungle community, retaining much of the rich cultural heritage and lifestyle of yesteryear.
Sumaco Volcano
Adventures In and Around Tena – From Mild to Wild
Surrounded by rivers with challenging rapids, dense rainforest jungles and towering volcanic peaks, it is not surprising that this former jungle outpost has become a hub for all kinds of visitors. Whether your interests run to the culture and history of the region, exploring the unique geological features and the rich biodiversity they contain, or raising your adrenaline levels with some extreme sports, Tena has it all.
Whitewater Challenge
Tena’s reputation as a great starting point for jungle kayaking and whitewater rafting has grown since hosting the 2005 World Rafting Championships. The surrounding rivers, Jatunyacu, Jondachi, Hollin, and Anzu provide what many consider the best rafting, not only in Ecuador, but the world.
The range of difficulty can run from very gentle rapids, ideal for families, to the daunting Class III+ and Class IV levels for experienced adrenaline junkies. The large number of tour operators can help visitors find the tour and difficulty level that they desire.
Volcano Hikes, Biodiversity and Caving Exploration
Soaring 12,244 feet above the Amazonian jungle, Sumaco Volcano has been called one of the most intense hiking experiences in Ecuador. The villages along Loreto Road, 30 kilometers north of Tena, are home to many guides who can help intrepid adventures navigate the challenging 5-6 day hike through jungle path and mountain trails to the summit.
The Jumandy Caves (Cuevas de Jumandy), a labyrinth of natural caves and tunnels a short bus ride from Tena, give visitors the opportunity for cave swimming and viewing the stunning underground collection of stalagmites and stalactites. Cave diving is offered to experienced and certified divers.
The cave system is also important from a historical perspective. It was in these caves that the Quito chieftain, Jumandy, lead the women and children of his tribe in an attempt to hide from the Spanish forces during his unsuccessful rebellion.
Jatun Sacha Biological Station is the second largest conservation organization in Ecuador. Located on a dirt road just outside Tena, the station offers a number of programs and exhibits that provide an educational perspective on the unique biodiversity that exists in the upper Amazon basin.
Immerse Yourself in Amazon Culture
There are many small villages and towns in and around Tena where large numbers of the indigenous Quichua, Quijos, and Chibcha groups still live. Visiting these jungle locations may provide the opportunity to experience and participate in the preparation of chicha (a beverage made from maize that can be either fermented or non-fermented) and, possibly local shamanic rituals or ceremonies.
The area in and around Tena has a number of festivals during the year. The week of November 15th – the day Tena was founded – is marked by live music and community events throughout the city.
Archidona, a colonial town just north of Tena, has a number of festivals during the year. April is the busiest month for these celebrations: on April 21st, the Chonta Folk Festival is held and on the 27th the Fiestas de Cantonización is observed.
Perhaps the most popular celebrations in Archicona are the beauty and cultural pageants honoring the Quichua people, their culture, language, and heritage. These events culminate in April when the “Queen of the Quichua” is chosen.
Scott Schuette
Tena Is Also Becoming an Expat Destination
Tena combines the atmosphere of a jungle outpost with the energy and development of the commercial center and capital of Napo province. This unique combination makes Tena a desirable investment location for expats seeking something different.
With a population just over 20,000, Tena is continuing to improve its infrastructure to accommodate new arrivals and investors. The city is home to a major regional hospital, a small airport, bus terminal, and many tourist related businesses.
As one of the top industrialized communities in Ecuador, Tena’s commercial potential is vast. Continued improvements to the highway between Quito and Tena will also foster increased accessibility for expats seeking to build a new life in the jungle.
Dogmunyo
Living in Tena – What to Expect
In spite of the commercial activity in the area, Tena is still, basically, a rustic community. Expats seeking to become part of Ecuadorian and Amazonian culture will find the area in and around Tena a perfect fit with an abundance of festivals, markets and celebrations.
The cost of living is less than Guayaquil or Quito. While budget-friendly (an important consideration for many expats), the trade off is that there are fewer amenities like those found in large cities.
Similarly, real estate prices (rental and purchase) are also lower than other more-developed parts of Ecuador. Importantly, non-residents have the same property rights as native Ecuadorians and are not restricted in buying property. Looking at property listings can provide a good picture of the potential that exists-both for developed and undeveloped parcels.
Getting There and Getting Around
Much like the explorers of the past, the journey to Tena can often be an adventure in and of itself. The main road between Quito and Tena is subject to landslides and other issues although improvements continue to be made. Regular bus service via Baeza does exist but must be reserved in advance as the buses fill quickly.
There is no commercial airport in Tena; only small private flights (usually just for a single passenger) are available. Once in town, there are local taxis that can get you from point A to point B.
There are a number of hotels in the city that are generally inexpensive. As elsewhere in Central America, the more amenities offered, the higher the nightly rate.
Tena holds the keys for those seeking to explore the mysteries and wonders of the Amazonian basin. Visiting this unique and exciting place can reawaken the explorer in everyone.
Map of Tena, Ecaudor
Tena, Ecuador Fast Facts
- Population: About 20,000
- Typical temperature: Mid 80’s
- Nearest airport with U.S. flights: Quito, Ecuador
- Nearest U.S. consulate: Quito, Ecuador
With more and more retirees, entrepreneurs, and families moving abroad than ever before, there are numerous websites and publications dedicated to the topic of international living – including, most notably, a print and online magazine that goes by that very name.
Their pages are filled with stunning photos of exotic destinations and bold claims about affordable living, ideal climates, and first-world amenities. While not entirely untrue, these assertions are often biased (at best) or completely misleading (at worst).
Before you buy into the hype about international living, make sure you understand the truth behind their claims. Here are a few tips to help you avoid being unsuspectingly led down the primrose path.
photo by Steve D.
1. Never rely on ANY single international living resource for all of your information, including our site.
This is one tip I can’t stress enough. Every expat blogger, travel writer, or international living expert has his own opinion. Some are more candid than others. A few may tend to gloss over the unpleasant parts of living abroad. Some may even have ulterior motives that drive their recommendations.
Before you make such an important decision as where to live or invest overseas, you need to know all the facts. Dig up all the research you can find on your prospective area, even the negative stuff. Chances are, if something about the place bothers enough people, it may affect you as well.
2. Understand there’s no such thing as a “top secret” destination.
News flash. A quaint little town that some international living website labels as its best “undiscovered” destination can just go ahead and toss that title in the trash just as fast as it earned it. Places dubbed as being “off the radar” will soon be “up-and-coming,” and the next thing you know they’re “expat hotspots”!
Don’t believe me? Just look at what happened in Boquete, Panama.
Don’t get me wrong. There’s nothing wrong with moving to the place that everyone else wants to be…unless you were truly looking for a more authentic expat experience. In which case, your best bet is to “discover” the place for yourself.
3. Realize phrases like “affordable living,” “spring-like weather,” and “modern conveniences” are relative terms.
These phrases are favorites among people who write about international living. They’re also incredibly ambiguous. What’s affordable to Donald Trump is entirely out of reach for the rest of us. Spring looks a lot different in Southern California than Northern Maine. And my grandparents would consider a phone modern as long as it doesn’t have a rotary dial.
Instead of naively believing these generic claims, look for actual data that supports them. Average temperatures and rainfall are easy enough to find. Expat forums and city-specific websites can give you more info on actual prices for things like rent and utilities. They can also tell you if there’s reliable cell and internet services.
4. While you may not have to learn the language, you’re going to want to.
While it may be true that it isn’t necessary to learn the local language, especially in places with an established expat population, I highly recommend that you do. If not, you may find yourself only associating with other expats or frequenting the same handful of expat-friendly establishments over and over again, never branching out.
There may be a handful of people who would be content with moving overseas and never experiencing what international living is truly about, but I doubt it. Unless your goal is to move hundreds or thousands of miles away, only to live a lifestyle that looks almost identical to your North American one, then plan to become bilingual.
5. Make sure your anticipated budget meets your needs.
One of the biggest international living mistakes new expats make is believing that estimated costs for various expenses are one-size-fits-all. Take housing for instance. Sure, you might be able to buy a home in Boquete for $200,000. But make sure you’re considering the whole picture.
If you have to move outside the city center to find a more affordable place, you may end up needing a car. If you’re accustomed to having a pool or gym in your building, consider whether a prospective apartment has those amenities.
The same goes for expenses like health insurance. Just because it’s inexpensive for most people, it’s best to make sure you can afford coverage for any special conditions or needs you have.
6. There’s no substitute for experiencing a place for yourself.
You would think most people would have the common sense not to move abroad without ever even visiting their destination of choice, but in fact we see it all the time. Not getting the full picture of your new city, before you move there, is one of the most devastating mistakes made by expats. It’s also the most easily avoided.
Once you’ve chosen where you think you want to be, or at least narrowed it down to a few, you absolutely must visit them. Once one wins out, spend even more time there. Interact with the locals. See what it’s like in all seasons. Try to get a feel for it as a resident, not just a tourist.
Only once you’ve experienced a destination for yourself can you truly feel confident in your decision to become an expat there. No international living magazine can give you that assurance. I don’t care how many seminars they offer.
When it comes to choosing a tropical destination to call home, it’s important to know that they aren’t all created equal. It’s also important to know that just because one person or one publication loves a certain country or city, that doesn’t mean that everyone will or that YOU will.
That being said, there are a few places that stand out heads above the rest in terms of lifestyle, atmosphere, and quality of life.
Bridget Shirvell
We ranked cities all across Latin America in areas such as cost of living, quality of life, and potential for real estate appreciation. And we’re dying to tell you more about the three cities that blew all the others out of the water in those and other categories.
And, while not every single person on the planet would be happy in one of these three destinations, they’re hands down the top places where most people would be happy living in the tropics.
Here they are!
Zhu
1. Nosara, Costa Rica
There is no place on earth quite as remarkable as Costa Rica, with its unparalleled natural beauty, friendly population, and laid-back lifestyle. Its residents are among the happiest people on the planet, and there are some obvious reasons for that.
There’s also no place in Costa Rica quite as fantastic as Nosara. It was initially established as a planned community by a North American developer. It got started on the right track and has continued to follow that original plan.
Today, it’s a tropical paradise with a first world design. There are banks, grocery stores, medical clinics, and fitness centers. Yet, due to zoning regulations, there aren’t any high-rise condos to block your view of the pristine coastline and magnificent sunsets.
The town also has numerous conservation and beautification initiatives, so it’s one of the cleanest cities you’ll find in the tropics. There’s regular trash collection, clean water, and reliable utilities.
It’s a health conscious town, and most residents regularly enjoy activities such as surfing, yoga, stand-up paddleboarding, soccer, tennis, and other sports. There are organic grocers, smoothie stands, and other healthy consumer options. There’s also plenty of nature to help rejuvenate your mind and body.
Great for Singles, Even Better for Families
Not only is Nosara a great place to live, it’s also the perfect place to raise a family abroad. There’s a large established expat community and a lot of English speakers, which makes for an easy transition. There are several bilingual schools, as well as plenty of organized sports and activities for children to enjoy.
Nosara is also an incredibly safe town. Crime is low, and there’s not much of a party scene or drug culture like you might find in other tropical beach towns. Everyone looks out for each other, and there’s a great sense of community.
While not the cheapest city to live or buy property in the tropics, Nosara offers tremendous bang for your buck. And even though it’s already a well-established town, there’s still room for appreciation and growth. As investors, we hope to be a part of where Nosara is headed.
Eric Hunt
2. Cuenca, Ecuador
You’ve probably heard a lot about Ecuador, and more specifically Cuenca, being a great place to live or retire because it’s cheap. Well, we think that’s a horrible reason on which to base such an important decision.
Yes, Ecuador enjoys a lower cost of living than many of its Latin neighbors, but there are so many better reasons to love this country and city. Here they are.
First of all, the climate is ideal. The temperature most days is in the high 60s to low 70s. It gets cooler at night, sometimes dropping into the high 40s. You only need one wardrobe for the whole year, plus a sweater or light jacket for evenings.
There’s a rainy season that runs from January to May. The rest of the year, all you’ll see is an occasional afternoon shower, perfect for a nap or some time with a good book.
Small Town Atmosphere, Big City Amenities
Also, for a fairly large city (roughly 330,000 people), it has a quaint small town feel. The colonial architecture is stunning, the people are friendly, and the carts of local farmers and craft vendors make walking the city streets a pleasant experience.
Yet despite Cuenca’s charming ambiance, there’s no shortage of big city amenities. There are internet cafes, boutiques, entertainment options, and any professional service you can think of.
What’s probably most notable about Cuenca is the incredibly diverse culture, both native and foreign. Cuenca is home to several large universities, and the zeal for learning and experiencing new things radiates through the city. There are numerous museums, free concerts, and local artists that further establish Cuenca as an important cultural hub.
Though not dirt cheap like many areas in Ecuador, Cuenca is a very affordable place to live. It has a large, growing expat community and numerous expat-friendly businesses. Health care is good. Education is emphasized. It’s a great fit for expats of pretty much any demographic.
Flickr
3. Boquete, Panama
Panama, and especially Boquete, has been the darling of the international retirement scene for a while now. Not only does it have natural beauty, a great climate, and first world amenities, it also offers some of the best retirement benefits of any country in the world.
Retirees of any age can save on everything from healthcare to transportation to entertainment to utilities. And with tons of visa options, obtaining residency in Panama is about as simple a process as is possible in Latin America.
But enough about the boring stuff, what’s truly amazing about Boquete is the scenery and all the incredible opportunities to experience nature in the surrounding areas. Boquete has been dubbed both the “Land of Eternal Springtime” and the “Valley of Flowers,” and it easily lives up to both of those monikers.
At 3,900 feet above sea level, it enjoys a moderate climate with warm days and cool nights. Its location offers sweeping vistas of the surrounding valleys. And its fertile soil makes it the perfect place to grow fresh fruits and vegetables year round, as well as a variety of flowers. Its orchid fair held each March is an international event.
The Pace of Life Is Slow, but You Don’t Have to Be
The surrounding mountains offer opportunities for hiking, bird watching, white water rafting, zip lining through the cloud forests, or exploring local organic coffee farms. After a day packed with activity, the nearby Caldera hot springs are a great place to relax and rejuvenate.
Thanks to a longstanding expat presence, Boquete has most amenities you’d expect to find in an established first world city. English is widely spoken. Phone and internet service are top-notch.
Boquete is a more expensive mountain option than Cuenca, yet still affordable by North American standards. Its expat population is still growing steadily, thanks to much media hype in recent years. That’s likely to continue for years to come.
Panama Travel
What About the Other 54?
These are the three tropical destinations we feel will appeal to the largest number of people. However, there are still 54 other amazing places you need to know about. It is possible you might love the sound of one of those even more than the three we just described. Download our free eBook and find out!
Unless you’ve been hiding under a rock, you probably saw that we recently published our Top 57 Places to Live and Invest in the Tropics eBook. It’s hundreds of pages of facts and photos detailing, based on our research, what we believe to be the best places to move yourself or your money in Latin America.
It’s a great read and, if you haven’t already, you should definitely check that out. It answers the biggest question we get asked all the time as experts on real estate investment and all things expat.
Karan Jain
Or should I say the TWO biggest questions?
Because a lot of people assume that there are great places to live, and then there are other places that aren’t as great to live but are great areas in which to invest. And that’s not the case.
When we ranked the cities on our list, we looked at dozens of factors like climate, cost of living, accessibility. But the ones that really carry the most weight for us are these two: quality of life and real estate potential.
Those might not seem like they have anything to do with each other, but they actually do. Places that offer an incredible quality of life are naturally going to be places that are growing and have opportunities for new businesses, more housing, and other services.
Here are a few principles to help you understand how these two factors relate.
Vytautas Šėrys
1. Quality of life is the number one thing that drives happiness.
It just is. It doesn’t matter how much of a great deal you score on a piece of property, if the place doesn’t offer the lifestyle you desire then you’re never going to be happy there. Whether the level of amenities is lacking or there aren’t enough people nearby–whatever the reason–if an area doesn’t have what you need to be happy or fulfilled, then it’s never going to work.
azueros.wildland
2. When people are happy, others start to want what they have.
We’ve seen this happen in city after city. Once a place starts to attract the right investors and the right kind of residents, then development starts to spread like wildfire. So well-planned projects lead to more businesses and better amenities. That leads to more residents, more developments. Growth naturally happens.
Thibault Houspic
3. Better amenities and infrastructure mean good things for real estate.
When areas start to grow, then the government has to build new roads, install new utilities, improve existing services, etc. Those are automatic ways to increase your property value without ever having to lift a finger.
Storm Crypt
4. Spreading yourself too thin won’t make you happy either.
While we think quality of life is important, it’s not the only factor you should consider. That’s why we also included affordability and an area’s potential for real estate appreciation in our study.
Because we don’t want anybody to buy the most expensive house they can afford in an area that offers a great lifestyle, move down, find out it’s just not going to work for them, and then get stuck upside down on a property in another country because of market fluctuations. There’s a balance, and we can’t stress that enough.
5. Speculating on rock bottom real estate is best left to guys like us.
Yes, there are little-known places, undiscovered beaches, remote islands, and sleepy farming communities where an investor can find unheard of deals on real estate. But not someone investing from a suburb somewhere in Ohio.
To be able to evaluate a piece of property solely on its potential for appreciation, you have to understand that this could be a very long-term investment. Like decades. It’s not for the faint of heart, and it’s not something we’d recommend to your average North American investor.
Viva Tropical
Live vicariously through our adventures.
Instead, we invite you to look at all the factors, not just the ones that affect your pocketbook. It might not sound as pioneering as the types of projects we undertake, but that’s why we offer ways for investors to partner with us and benefit from our success in this area.
Quality of life and real estate potential go hand in hand. Check out the places that scored off the charts for both. If we think you should live there, then we also think it’s smart to invest there. And that’s exactly what we’re doing right now.
Many people seeking the island life gravitate towards the islands in the West Indies or the Eastern Caribbean, but there are so many options out there. For instance, the Western Caribbean nation of Belize hosts a number of locations that make a great island lifestyle possible, including Ambergris Caye.
Once the decision to move down to a gorgeous tropical destination to live out your tropical lifestyle dream has been made, the real work can begin. And of course, start first with investigating all there is to know about living in Belize.
Rich MacDowell
We think a good place to start is Ambergris Caye. There are plenty of homes for sale for reasonable amounts of money, but that’s not the only reason to live there. Belize has plenty to offer, including English as its official language, an established expat community, and great ecotourism opportunities for fun in the sun.
From Fishing and Farming to Shopping and Fine Dining
Many of the island’s locals include immigrants from Mexico, as the island was once a large coconut producer and fishing town. Only recently has that changed as Ambergris Caye has become largely dependent on tourism. It’s the largest island in Belize (out of over 200), 25 miles long and over a mile wide in some spots.
The water there is the beautiful blue for which the Caribbean is famous. The second largest barrier reef in the world (over 190 miles long) protects the island and the coastline of Belize.
Though the island is quite long, San Pedro Town is the only part with inhabitants. The town itself is only a mile long and a mile and a half wide. You’ll find a lot of the usual tourist trappings here: gift shops, bars, and fancy restaurants for those on vacation. However it’s far from feeling “touristy.”
Ambergris Caye Is “Simply” Irresistible
Many people enjoy Ambergris Caye because they want the beach life, but they don’t want to live in a high-rise on South Beach or another built-up paradise. They love it for its simple charm. Like the dirt streets that are constantly watered down to prevent dust or the frequent hum of golf carts zipping by. Some buy land and build their own home, and find their creative spirit, like creating art from the driftwood that runs up on shore.
The simplicity also helps with keeping costs down. For example, $50 per year for golf cart insurance beats the heck outta hundreds or thousands for car insurance. And in this case, remote and simple doesn’t have to mean disconnected. Reliable internet service makes it easy to keep in touch with family back in the U.S. or operate a business from your home.
Quality medical care is also readily available and affordable. Dental procedures cost only in the tens of dollars, compared to a few hundred back home.
Amaury Laporte
Affordable, But Not Cheap
While we’re on the subject of cost, you may be wondering how much it really takes to live in Ambergris Caye. The truth is that, while it is one of the more expensive places to live in the country, due to its beautiful beaches and pleasant surroundings, you’ll still be saving a significant amount in comparison to the United States. And, just like anywhere, costs can vary greatly depending on your location and lifestyle.
Home costs can run as low as $300 a month for a basic house or apartment, but beachfront condos can run in the thousands of dollars. It is much cheaper over time to own the home, especially since property taxes are incredibly low. Electricity and other utilities may be expensive, depending on the usage. You can cut down costs by getting energy efficient appliances, and using air conditioning sparingly.
Groceries can be cheap, if you stick to non-American brands and a red meat-less diet. Alcohol is relatively cheap, but your wine habit may cost you a pretty penny. There’s a wide selection of consumer goods on the island, but anything else has to be shipped, which adds some additional costs.
One expense you’ll need to consider is getting to and from Ambergris Caye when visiting family back in the States. JetBlue, Spirit, and Southwest Airlines have made a run at many Caribbean and Central American nations, offering return flights for under $300 in some cases from as far as New York City. Belize, on the other hand, has fewer competitors vying for the destination, so you’ll see a lot fewer “flight deals” than to other places in Central and South America.
Cloud 2013
Stay Busy (or Not) on Ambergris Caye
If you’re worried about getting bored on Ambergris Caye, you may want to check out your priorities. With the aforementioned second-largest barrier reef on earth, you’ll find plenty of diving opportunities around (ever heard of that little thing called the Blue Hole?). Shark Ray Alley also allows you the opportunity to swim with sharks. And, with such a healthy reef just off the shore from your home, sport fishing is a popular activity in the area.
For land lovers, there are things to do on shore as well. If you’re an epicurean, there are dozens of restaurants that may tickle your fancy. Or, if you’re interested in nightlife, there are several late-night bars providing entertainment for tourists and locals alike.
There are even a few attractions underground! Since Ambergris Caye is a limestone atoll, there are actually caves that you can explore to escape the heat. Other eco-opportunities include Bacalar Chico National Park, Marco Gonzalez Maya Site, and escaping to the mainland of Belize which features an incredible amount of ecotourism, including cave tubing (yes, you read that right!).
Or, if a little relaxation is all you’re after, there are plenty of opportunities to just kick back and enjoy the beautiful vistas and the soothing sounds of the Caribbean waves and wildlife.
So, is Ambergris Caye the island for you? It combines the Caribbean island life, coupled with some authentic Belizean culture. Read more of what we’ve written about this Caribbean paradise, and see if you can make your island life a reality today by moving to Ambergris Caye.