Foreigners seeking comfortable homes and mostly already built. Illustrative picture. CRH.
According to a study published by the New York Times, and based on information from the American Association of Retired Persons (AARP), Costa Rica is a popular destination for retirees from the United States and Canada. The specific places that older adults are seeking include Escazú and Santa Ana (in the Central Valley), and the Central Pacific and Guanacaste. Aaron Morales, engineer of the Costa Rican Chamber of Construction, said that niche is growing, especially in Liberia, Escazú, Belen, Santa Ana and Ciudad Colon.
Each day in America, 6,000 Americans reach age 60, and represent a segment that controls 42 percent of disposable financial resources in the U.S.
In April of 2010, then President Oscar Arias made a declaration of national interest to build homes for foreign retirees. However, no government ministry assumed responsibility for implementing the executive order.