The debt per capita in Costa Rica is very low, with US$ 7,200/citzen. "Per capita" numbers are always a great way to compare different economies from around the world. If every citizen in a country suddenly became liable for paying an equal share of the national debt, there would be serious problems, especially when an individual’s portion of the national debt is more than an entire year’s salary. As you will see on the chart below, there's SERIOUS issues in North America, Europe and Asia.
Price value misperception: Most people in every day’s conversation use price and value as synonyms but they are not. Price and value have two separate connotations in the business world “Price is what you pay. Value is what you get.”, hence price is negotiable and value is not; value is intrinsic to the property in a given market.
Most condominiums have a homeowner's association, abbreviated HOA, which all condo owners in the complex are required to join. The association is managed by a board of directors whose members are elected democratically.
Medical emergencies are scary when you are in your home country, but when you are on vacation it can be even more challenging. When you are traveling, you should always have basic information ready and have an understanding of the medical options in the area.
Costa Rica is a very pet-friendly country. It will be rare to find a family in Costa Rica that doesn’t have a dog and for good reasons. They are protectors, friends, and good life companions! Pets are welcome in shopping centers, cafes, restaurants, and bars everywhere in the country.
With stock market indices hitting new all-time highs almost daily throughout 2017, and the economy (average 2% GDP growth since the Great Recession of 2008) performing not much above stall speed, a severe stock market crash and a major recession are in the cards. How did we get there, we ask ourselves?
What is an MLS? It is a multiple listing service that real estate brokers and agents use to establish contractual offers of compensation (among brokers and agents). The primary purpose of an MLS is to provide a facility to publish a "unilateral offer of compensation" by a listing broker, to other broker participants in that MLS.
Potential real estate buyers sometimes see reports in the news or hear from friends about real estate scams in Costa Rica. It is important for Buyers to be aware of the ways to protect themselves and what to look for to avoid real estate hoaxes.