A couple of decades ago, Costa Rica was near the top of the list for almost anyone interested in a “second home in the sun.” Then things started to change. Prices rose, the bureaucracy became stifling, and the country abandoned its famed pensionado program that provided financial incentives to foreigners on a fixed income.
Today the situation is improving for the foreign investor. Prices have leveled off throughout the country, though cars and some other items are still unreasonably expensive. The bureaucracy is far from streamlined, but it’s forging ahead with transportation improvements, as well as reformed property rules that will make title searches more efficient. You can now live in a growing number of inexpensive areas that were once too remote to consider before highway and airport improvements. And if you want to apply for residency in Costa Rica, you can now make the application from your home country.