New Yorkers are choosing to emigrate to the Pacific coast of Costa Rica, particularly the areas of Guanacaste and Puntarenas.
- These areas have an abundance of homes priced over $1 million.
- The largest constructions are being built in the towns of Garabito and Santa Cruz.
- Specifically, there is notable American interest in the towns of Jacó, Tamarindo, and Nosara.
- Santa Ana is another popular area attracting wealthy Americans.
The reasons for this emigration trend are multi-faceted and include:
- High cost of living in New York City: Many wealthy individuals are used to paying exorbitant prices for relatively small apartments in New York.
- Desire for more space and privacy: Costa Rica offers larger properties with more amenities and privacy at a comparatively lower price.
- Attraction to the “pura vida” lifestyle: Wealthy New Yorkers are seeking a more relaxed and luxurious lifestyle.
- Investment opportunities: The luxury housing market is booming in Costa Rica, driven by strong demand from both domestic and international buyers.
Examples of luxury features attracting buyers include:
- Extensive beachfront properties
- Ocean and city views
- Helipads
- Spacious social areas
- Walk-in closets
- Swimming pools and jacuzzis
The expansion of the Daniel Oduber International Airport in Liberia has also contributed to the popularity of Guanacaste as a destination for luxury real estate.
- The increased accessibility of the area has attracted celebrities who seek luxurious homes near the airport.
- It’s also attracted families who are drawn to the proximity of private schools, shopping centers, and supermarkets in Santa Cruz and Tamarindo.
Costa Rica’s natural beauty, strategic locations, and customized amenities continue to appeal to wealthy international buyers.
