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!
Author Daniel Lee Reid joins the show to discuss Taoist sex practices and how they can revolutionize your relationship.
Five thousand years ago in China, a period of learning about the body and living longer was realized. Focusing on the body’s energy could lead to feeling better, staying healthier, and living longer.
What the Taoists discovered unlocked several different ways of increasing energy, including Chi Gong, Acupuncture, and Tai Chi. These practices have worked for thousands of years and today they are being proven effective, using science. One of these practices that is not as well-known is sure to change your sex life.
Today we discuss how the Taoists approached sex and why you might want to consider trying out their methods, which are guaranteed to improve your relationship and allow you to enjoy sex as often as you would like, even several times a day.
Tune in and listen as Daniel shares his knowledge and get set to boost your energy and your libido, and experience a whole new way to approach your sexual encounters.
Listen to the show
You can listen to the show using the player above or grab it and listen on the go via one of the following options:
Tucked between the Pacific Ocean, Guatemala and Honduras, El Salvador is the smallest country in Central America. And yet, while this little country may not be as popular with expats as some other Central American countries, El Salvador is a treasure just waiting to be discovered.
Nicknamed “the land of volcanoes”, El Salvador has much to offer both tourists and expats, including stunning scenic beauty, kind and welcoming locals, unbeatable surf, and in recent years, the conversion of the national currency to the U.S. dollar.
So what else sets El Salvador apart from its neighboring countries, and what should potential expats experience if they’re considering a move to El Salvador?
1) Begin with a swim in the healing waters of Lake Alegria
Photo: Nacho Mendez
The pristine, flower-filled town of Alegria, El Salvador, provides visitors with breathtaking scenery in a laid-back small town setting. Once you arrive, the gorgeous Laguna Alegria is less than a 2 mile hike from town.
Laguna Alegria is a brilliant green sulphur lake that formed within the massive crater of Volcano Tecapa. Thought to have medicinal properties by many who swim in the soothing waters, there is a legend surrounding the lake about a mysterious siren who seeks out handsome young men from her home beneath the surface.
2) Next, follow El Salvador’s famous “Ruta de las Flores”
Photo: Smith Fischer
Running through lush coffee forests, this 40 km route (almost 25 miles) will guide you through some of the most scenic areas in El Salvador.
Named for the abundance of flowers growing along the road, which will bloom brightest from November to February, the “Ruta de las Flores” begins in Sonsonate and is easy to reach from the main beach town of La Libertad.
As you travel down the road, you will move through a handful of small, colonial towns. Juayua is first on the list and is a definite must-see.
The colonial homes in the town of Ataco are lavishly painted, and some are even adorned with intricate murals. The weekends are the best in Ataco when there is live music and food and craft stalls set up, but–be warned–the weekends are also the busiest.
3) Get a feel for colonial life in the town of Suchitoto
Photo: Adalberto Vega
A popular spot with tourists and a common weekend getaway for San Salvador residents, Suchitoto makes its home on the banks of Lake Suchitlan.
Located in the center of El Salvador, Suchitoto is rich in culture and tradition that can be experienced, from the cobblestone of the streets to the columns of the historic architecture.
Equipped with hotels, restaurants, museums, and art galleries, Suchitoto is a town to be savored.
Gaze upon the ethereal Church of Santa Lucia (built in 1853) and stroll through the weekend craft fair as you fill your bags with handmade hammocks, jewelry, ornaments, and ceramics.
4) Walk in the footsteps of the Maya at Tazumal
Photo: David Stanley
Tazumal in Chalchuapa, is a major Mayan archaeological site, and the ruins are considered to be the most well-preserved in the country.
Only 82 km (about 50 miles) from San Salvador, the remains of this ancient city date back to around 5000 BC with the main building standing at 24 meters high.
If you visit Tazumal, which means “pyramid where the victims were burned” in the Quiche language, you will observe jade and mud structures and sculptures as you walk in the footsteps of an ancient civilization.
5) Take a “do nothing” moment on the beach at El Tunco
Photo: Micheal Peters
Just 37 km (23 miles) from the capital city of San Salvador, or a one hour bus ride, the beach at El Tunco is located on El Salvador’s Pacific coastline.
Boasting sunny days all year long, the temperature here hovers between 27°C (80°F) and 35°C (95°F).
While many people flock to El Tunco for the unbeatable surf, the black sand beach is also the perfect spot to eat some good food and simply do nothing, as you stretch out and watch the sun set out over the Pacific.
Travel down to El Salvador
Although overshadowed by many other destinations in Central America, the small country of El Salvador should not be forgotten.
Follow the “Ruta de las Flores”, trek through the ruins of Tazumal, and finish your trip soaking your tired muscles in the emerald waters of Laguna Alegria.
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.
Imagine what you would learn observing a dolphin pod for over 30 years.
This is exactly what our guest Denise Herzing did for five months a year, over three decades, with a pod of Atlantic dolphins. What she learned will excite you about the power of nature and certainly shed light on how much intelligence these sentient beings have.
Tune in and hear her story as she discusses how dolphins families function, what it means to be part of a dolphin community, and just how bright they can be. We also delve into dolphin language and how technology is making it easier to learn more about how they communicate.
Anyone who loves the ocean will enjoy this show.
Listen to the show
You can listen to the show using the player above or grab it and listen on the go via one of the following options:
- Click here to download the mp3
- Click here to subscribe via iTunes
- Click here for the RSS feed (non iTunes)
- Click here for the Gallivanting show archive
The Show Notes
Denise is an author, scientist, and TED talk participant; learn how to support her work here.
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.
Viva Tropical Radio
With the release of the Costa Rica Real Estate Report, Park and I decided that this wealth of data and analysis needed a podcast episode all its own. Tune in to hear us discuss how we created the information, how you use it, and how it relates to buying property.
What we cover in the podcast:
- Top most expensive beach towns.
- Top three most expensive mountain areas (here the cheapest beachfront is located based on total price).
- Plus many more ideas that you will be able to use to get great deals or understand the market.
Get insider information on hard real estate data, stats, and opinions. This is a must-listen episode! Certainly one you do not want to miss!
Listen to the show
You can listen to the show using the player above or grab it and listen on the go via one of the following options:
- Click here to download the mp3
- Click here to subscribe via iTunes
- Click here for the RSS feed (non iTunes)
- Click here for the show archive
React to the Show
We appreciate your reaction to episodes of Viva Tropical Radio and feedback about how we’re doing. Send us your thoughts any time in an email or comment below.
If you’re looking for an affordable place to relocate to the beach, then look no further than one of the many beaches in Ecuador. Dotting its shoreline are numerous beach communities, each with its own unique appeal.
Whether you’re looking for a relaxing retreat, the hottest up-and-coming destination, or a place you can party all night ’til the sun comes up, this list of Ecuador beaches has something for everyone.
Salinas – A South Beach Vibe in South America
Wikipedia
Salinas is one of the most popular, and probably the most well known, of all of Ecuador’s beaches. Salinas is the place where many locals flock during the high season for a bit of fun in the sun and outdoor activities. Here you can surf, take whale-watching excursions, ride jetskis, paddle a sea kayak, go skydiving or hang gliding, water ski, or take a cruise on a private yacht.
Rinaldo Wurglitsch
When it comes to the Salinas real estate market, what you see is what you get. And what you get is a whole lot of bang for your buck in terms of beautiful beaches, great weather, modern amenities, and incredible bargains.
Olon – Restful, Relaxing, and Not Too Crowded
Johnny Chunga
When in Olon, both travelers and expats alike take the time to bask in Ecuador’s natural beauty while experiencing the easy pace of the beachcomber’s lifestyle at this lesser known Ecuador beach. It is no wonder that after a short stay in Olon, many visitors choose to call Ecuador home and invest in Ecuador Real Estate.
Johnny Chunga
Despite the town’s sleepy appearance, there are actually plenty of activities to try while at Olon Beach. Many people enjoy surfing the waves, hiking to nearby waterfalls, or just taking a dip in the cool waters.
Canoa – Waiting to Be Discovered and Enjoyed
Tripadvisor
Canoa is a relaxed, laid-back fishing village on the Pacific coast. Popular with travelers, yet not overrun by them, it’s an excellent place to chill out for a few days on the beach or even relocate to find the beachcomber’s lifestyle you seek.
TMAC
So far, despite its growing popularity with tourists, surfers, and backpackers, Canoa remains a low-key place, where local kids play outside at dusk and fishermen head out to sea in the early hours before dawn.
Manta – Bustling and Busy
In Manta you’ll find all the services and amenities you’d expect from an established beach town, although it has a bit of an industrial feel. There is a well-organized expat community, but bargain properties are harder to find as the beach now draws many Ecuadorians.
Eric Hutton
While Manta may not be the exact atmosphere that many are looking for in a beach town, its accessibility and abundance of conveniences make it a very easy place to call home. As a result, many Ecuadorians and expats who choose to have a mountain home, as well as a beach home, choose to buy the latter in Manta.
Atacames – A Continual Party Vibe
Hanna Michals
Atacames is one of the best party spots in Ecuador. Though the beaches of Atacames themselves are quite beautiful, the real attraction for most visitors to this beach is the perpetual party atmosphere.
Presidencia de la República del Ecuador
If the party vibe of Atacames is not your thing, you may prefer the nearby residential beach community of Tonsupa, the most popular destination for vacationers from Ecuador’s capital city of Quito.
Honorable Mention: Las Grietas of Santa Cruz Island
Christopher Griner
Las Grietas is a solitary and spectacular beach on Santa Cruz Island. If you want to see it, it’s just a few minutes’ walk once on Santa Cruz Island. While the beach is beautiful, the services there are limited. Be sure to bring a few snacks and drinks. Otherwise, pack your Kindle and hammock and pass the day in quiet beauty.
Which is your favorite beach? Leave us a comment below so we can add it to our list!
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.
Coronado Panama has grown from the vision of its founder, the real estate entrepreneur Bob Eisenmann, to one of the most popular expat destinations in Latin America. The established infrastructure, solid reputation, and modern amenities that can be found in Coronado continue to be a magnet for expat retirees and investors looking for a Pacific paradise.
The Coronado region, as a whole, encompasses a number of smaller, rustic villages and barrios as well as the main community. The desirability of the area continues to drive the real estate market and provide several attractive options for turnkey properties and lots for development.
Yming
An Investment in Coronado, Panama Can Be Life-Changing
Coronado Panama is unique among other Pacific coast locations throughout Latin America in that it was planned and developed specifically to be a high-rise condominium community with modern resort amenities. As a result, Coronado has a well-established expat community that continues to attract new arrivals seeking investment potential and places to live or retire.
One of the biggest initial concerns that many had was the distance between Coronado and Panama City. The completion of the Pan American Highway has now made the connection between Panama’s capital and the beaches at Coronado an easy one-hour drive.
Unique Climate and Geography
Coronado, Panama is gifted with a rare meteorological and ecological aspect. Located in the “dry arch,” or arco seco region, less rainfall occurs here than in the rest of the country. Combined with the savannah-like geography, it is not surprising that the area became known as one of the earliest examples of planned agrarian culture in the Americas.
The earliest Spanish settlers recognized the potential of this land with the result that three major estates were created between 1691 and 1693. These estates would, ultimately, form the basis for the real estate registry in the region. As a result, Coronado and the entire region of Llanos del Chirú (to which it belongs) became an important part of the growth of Panama as a whole.
Just as in the Colonial era, the favorable climate and geography make living and developing here highly desirable. The established resort communities on the coast are a strong support structure for the new projects that are in the planning stage or are already underway.
Modern Convenience, Easy Access, and English Speakers
Getting to Coronado has never been easier. The Tocumen International Airport has regularly scheduled flights from many U.S. cities and arranging transfers to Coronado and the resorts is a convenient matter. Once there, new arrivals will be surprised by the modern conveniences that the community has. Shopping options, high-end restaurants and even a modern mall can meet just about every expat desire.
One of the most important features of this area is the number of established English-speaking expats who call Coronado, Panama home. Being able to communicate without finding someone to translate is a value added feature of life in this area.
Panama Wants You
Panama’s aggressive stance to attract foreign investors and expats looking for a new opportunity has resulted in a number of favorable changes to residency laws. Additionally, retirees qualify for many discounts on everything from entertainment to travel.
The tax benefits for foreign investors are also significant. For properties whose value is $100,000 or less, taxes are exempt for 15 years; between $100,000 and $250,000, ten years and, for values above $250,000, five years. Not having to pay taxes for an extended period makes the prospect of building your own Pacific paradise that much more appealing.
Roberto Moreno
Buying to Invest or to Live – Many Opportunities Exist
The Coronado area goes beyond the principal resort and includes many of the small villages and farms along a 50-mile stretch of Pacific coastline. Finding development opportunities is an easy proposition as the demand for new residences continues to grow.
For those who desire a turnkey home that could double as both a vacation residence and rental income property, there are a number of options available both in the Coronado Beach and Golf Resort, as well as other communities that have sprung up in the region. The wealth of modern amenities makes for a terrific selling point that is only enhanced by the stunning black and white sand beach, a vista that is hard to duplicate elsewhere.
Price points are dependent on the size of the residence, the amenities, and, of course, the location. For example, rental rates can run the gamut from $700 per month to upwards of $3000. With that kind of range, life in Coronado can fit almost every budget.
Not everyone is interested in resort-style living. For those, the surrounding fishing villages and smaller towns offer the ability to immerse oneself in a more rustic lifestyle. Accordingly, prices for homes and lots in these areas are more affordable than the higher-end residences in the resort communities.
Adventurers desiring to follow in Eisenmann’s footsteps will find a large selection of lots that can be purchased for immediate development or held onto as part of an investment portfolio. The Coronado area has rebounded nicely from the financial crisis of 2008 with the result being that property values are steadily climbing, but still affordable.
Panama Lens
Changing Your Life Can Be Priceless
Bob Eisenmann’s vision could be summarized in what is widely regarded as his last wish for his dream project: “Creating from the heart, no matter what the cost.”
Embracing Coronado Panama as a place to form your future can present the opportunity to rediscover the magic of building a new life. Begin this quest by visiting Coronado; explore the region and see for yourself why living here is truly a matter of the heart.