Over the last few years, Costa Rica has become the one of the fastest growing countries for Americans to call home. In fact, on average the American population in Costa Rica grows by 32% each year and has increased by 160% from 2016, with approximately 13 families moving to the country daily.
Costa Rica is a tropical country with temperatures ranging between 70-81°F year-round. What was once a place to only vacation or retire, many people call Costa Rica home—drawn to it for its peaceful nature, cultural diversity, tropical weather, biodiversity, hundreds of pristine beaches, and many added benefits for Americans seeking a relaxed way of life.
Meanwhile stateside, the single-family home market is on fire with inventory at an all-time low making it nearly impossible to find homes. The pandemic turned buyers toward houses again because of the space, privacy and comfort they provide. And the new wave of remote working presented individuals with the opportunity and flexibility to work from anywhere in the world. Costa Rica’s population continues to increase at an expeditious pace, fueled by these American buyers, and their property market continues to grow swiftly. As a result, ISG World, a luxury real estate brokerage, identified this demand for houses and focused on Costa Rica as a primary market to satisfy part of this demand with the launch of sales for Ventana Costa Rica.
Located in the lush hillside of the Puntarenas Province in the Southern Pacific Zone of Costa Rica, Ventana Costa Rica is a beautiful single family home community offering 196 lots for homes in its latest phase with breathtaking ocean and mountain views and tropical modern architecture. The two-, three- and four-bedroom homes range from 2,500 to 4,000 square feet, all expertly integrated into the natural surroundings, and oriented to capture the natural air flow.
Each home comes with a private luxury pool and fully finished with hardwood cathedral ceilings, covered terraces, upper-level lofts, wrought-iron accents, curved windows, doors and archways, and built-in entertainment units. As one of the most ideal vacation areas, Costa Rica is seeing an uptick in interest in homesharing for their single-family homes. To make living at Ventana Costa Rica even sweeter, it gives its residents the choice to list their home on various homesharing platforms. Residences within Ventana Costa Rica range from $500,000 to over $1.5 million.
ISG World, who is handling the sales for Ventana Costa Rica, has partnered with the developers to introduce luxury homes to US citizens and make living in paradise a reality through financing opportunities. Through ISG World and its partner DaGrosa Capital Partners, traditional mortgage lending has been made available to Americans in Costa Rica for the first time ever, through which U.S. citizens will have the opportunity to obtain a 30-year fixed mortgage loan for homes purchased at Ventana Cost Rica. This financing opens new opportunities for prospective buyers of different generations and demographics to purchase a piece of paradise.
With the movement to the country, Costa Rica is consistently making it easier for foreigners to call Costa Rica home. The country has recently put into effect some incentives which include: the minimum capital investment for Costa Rica residency was lowered from $200,000 to $150,000; tax-free importation of vehicles for personal or family use lifted and one-time tax exemption for importing household goods; and money earned abroad (e.g. a U.S. pension) will not be taxed by Costa Rica. Additionally, the digital nomad visa was recently created which is a new immigration category. All of these initiatives are in place to bring ease to the relocation process, rolling out the red carpet for Americans. With the financing flexibility, high quality of life, relatively low cost of living, commitment to sustainability and pristine natural environment, Costa Rica is the perfect place to provide these living enhancements to Americans. ventanacostarica.com