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The Costa Rica Forum
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![]() Foreign Currency Strength Equals Opportunity in Costa Rica
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| Author | Topic: Foreign Currency Strength Equals Opportunity in Costa Rica |
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crfirst Full Member Posts: 14 |
Rarely do we think about how currency exchange rates affect our daily purchases. Even though the USD has lost around 11% globally over the past six months, it remains at near record strength (580CRC - 1$) in Costa Rica. The fluctuation of the US Dollar has a real impact for buyers of big-ticket investments like Costa Rica real estate. The largest beneficiaries of the recent currency moves are Canadians and Europeans whose currencies have recently experienced dramatic gains against the USD. The broad appeal of Costa Rica continues to keep the real estate market stable, which is confusing for most Americans to because they reside in a plunging market with tiny interest rates. In other words, we have witnessed more “price shock” as of late from American buyers. However, the continued strength of the dollar and the lower cost of living generally still allows Americans to live more comfortably on less income in Costa Rica. The increased strength over the last 6 months of the Canadian dollar ($1.03) and the Euro ($1.49) against the USD is creating a prime window of opportunity for Canadians and Europeans to snatch up Costa Rica property at good values. ...Read full article at http://paradiseprofits.com/ ------------------ |
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