Costa Rica Real Estate: Affect of the Proposed Immigration Bill

February 12, 2009 - Costa Rica real estate brokers, pensionaos and rentistats alike have benne carefully monitoring the situation with the proposed immigration bill in Costa Rica. If the proposed bill was to pass, it could could mean some tough time ahead for the real estate industry in Costa Rica.

One of the reasons the real estate industry is booming in Costa Rica is that it is a place where a foreigne can afford to live in year round warm weather and lead a semi-luxurious lifestyle at an affordable price. This is in part due to the strong valiue of the dollar and the cost of living in Costa Rica which is around $350 a month for a regular Costa Rican.

Of late, the Costa Rican government has been trying to pass a new immigration bill where the main issue in question is raising the minimum monthly income requirement for pensionados and rentistas. For a pensionados and rentistas

 

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