Cash is no longer King as the dollar continues to lose strength. Oil has doubled from its recent lows, which will eventually translate into real world evidence of your declining purchasing power at the pump or the grocery store. It is time to move your dollars into assets like desirable foreign real estate, commodities, and foreign currencies.
The U.S. dollar is still very strong in Costa Rica as its exchange rate with the colón traditionally lags behind world currency markets. Costa Rica represents an excellent place to move cash into solid assets like real estate. Real estate in Costa Rica is not driven by job markets and bank financing like in North America, but by foreigners who desire a comfortable retirement home or a solid investment in a political and ecological paradise. Canadians and Europeans now have very favorable exchange rates to further enhance this opportunity.
Costa Rica continues to win praise despite the negative global news. Costa Rica has been recently named the 8th most stable country in the world by the Economist, and the 5th cleanest country in the world by Yale University’s Environmental Performance Index (EPI). Foreign retirees and young professionals alike are finding stability and sustainability in Costa Rica during these tumultuous times.
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