THE ADDRESS Magazine Summer 2014 - Page 96

A scenic property in a picturepostcard perfect setting with panoramic views C osta Rica's luxury property market is vibrant. With its lush landscape, pristine beaches and near-perfect climate, the Central American nation has become one of the world's most sought after retirement and vacation home destinations. The scenic beauty and lower cost of living are obvious draws, and in an increasingly volatile world, the peaceful and laid-back nature of the Costa Rican people is becoming equally as important in attracting international residents and retirees. Costa Rica is renowned for its world-class healthcare facilities, making it a magnet for foreigners wishing to live abroad. There are currently two hospitals in Costa Rica that have Joint Commission International accreditation: CIMA Hospital and Hospital Clínica Bíblica. A third facility, Hospital La Católica, is going through the rigorous evaluation and accreditation process to obtain the coveted accreditation. Moreover, overseas investors and international High Net Worth Individuals (HNWIs) are increasingly being attracted to the property market because of their entitlement to ownership rights similar to 96