Staying in Costa Rica - Politically Stable

Politically stable

Whether you are buying property as a vacation home, a home where you will spend your retirement, or simply making a real estate investment it is very important to consider political stability of a country. You can find cheaper real estate in other countries in Latin America but if that country has a history of unrest and political instability your cheap real estate purchase will become even cheaper with every political conflict.

Costa Rica is a very progressive country that upholds democratic values and has been a democratic republic for over 115 years. Costa Rica was the first country in the world to constitutionally abolish its army in 1948. Known as the “Switzerland of the Americas” it channels resources that would have been dedicated to the army into areas such as education, economy and culture. Unlike some countries in the region, Costa Rica has enjoyed 60 years of uninterrupted democracy, which is the longest in Latin America.

Current President, Oscar Arias, a Nobel Peace Prize laureate, has actively promoted economic development and free trade. In October, 2007 Costa Ricans approved CAFTA free trade agreement. Under CAFTA, Costa Rica will receive duty-free access to the U.S. market for a nearly all of its exports, while 80% of U.S. goods will enter Costa Rica tax-free.

Costa Rica is an active member of the United Nations and the Organization of American States. In October 2007 Costa Rica attained United Nations Security Council seat for the 2008-2009 period.

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