Cash in on Costa Rica Property before the Baby Boomers

While there’s really no such thing as a sure bet especially when it comes to property investment, many investors and property experts are saying that if you cash in on Costa Rica property before the baby boomers begin arriving that you’ll have a guaranteed and successful property investment in your portfolio.

The reasons for this general air of confidence in property in Costa Rica are manifold and in this article we explain the reasons and how you can conceivably cash in on real estate in Costa Rica before the expected surge in demand arrives.

Baby boomers began being born immediately post World War II and continued to be born throughout the ensuing period of increased birth rates - in 2006 the very first of the generation turned 60.  The term ‘baby boomer’ is largely applied to British and Americans of this generation and economically speaking let’s just take a few statistics to demonstrate why this generation is so important to understand and please - according to data supplied by the BBC back in 2004, British baby boomers then had 80% of the UK’s wealth and bought 80% of all top of the range cars for example.  And so, as you can see, this is a generation of people who are sufficiently affluent to have choice when it comes to their retirement.

If you now consider the fact that both the British and American economies are sluggish, the housing markets in both nations boast overpriced stock and are expected to be heading for stagnation, that the stock markets in both countries are currently returning less then impressive gains, that both countries are suffering the effects of global warming with an increased risk of hurricanes in the most popular retirement haunts of the US and an increased risk of flash flooding in the UK’s most popular retirement hotspots, that neither nationality of baby boomer is expected to have enough in the bank to cover much of a retirement and that as a result the government’s of both nations are probably about to hike taxes to afford the generation and all who come after them - you can quite understand why it is predicted that more and more baby boomers will be heading for affordable and attractive retirement destinations such as Costa Rica.

Costa Rica has been hugely marketed in America already as a good retirement destination which is highly accessible, has decent healthcare, affordable housing, reducing crime levels, where they still like Americans (!), and where the cost of living is low, the weather good and the scenery fantastic…and now it’s slowly gaining similar ground in Great Britain as delegates from Costa Rican property companies attempt to catch the affluent British baby boomers too.

Did you know you can fly direct to Costa Rica from the UK?  Did you know you can fly direct to Costa Rica from 22 airports across America?  Did you know that there is active international investment into health care facilities in Costa Rica purely to service an expected inward flow of international retirees?  Did you know that the Pacific Coast is hurricane protected and that property is highly affordable?  And did you know that Costa Rica has an active retirement program that seeks to attract affluent ‘retirees’ over the age of 45 (yes, 45) and that they are offered impressive tax breaks and incentives to move to live in Costa Rica?

Oh yes, all of this and far more is true – and all of this and far more means that Costa Rica is rapidly coming under the spotlight of those seeking a tax efficient country to live in, an affordable country to retire to, an attractive nation to reside in and a secure and accessible nation to commit to…

This increase in demand is coming – this increase in demand is being actively encouraged – and so if you consider buying off plan or run down and in need of renovation in Costa Rica or you buy up parcels of land and develop suitable housing for the incoming demand for example, you could indeed cash in on Costa Rica property before the baby boomers arrive and start buying and investing and bagging all the bargains.  It’s certainly worth thinking about!

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