During his visit to Costa Rica, the head of the International Monetary fund stated Thursday that Costa Rica is financially sound due to good economic policies.

Dominique Strauss Kahnn cautioned that no country is immune from the impact of the world financial crisis and that the international monetary fund is standing by in case Costa Rica needs aid.

If one is to visit the malls here, it doesn’t appear they are affected as yet because there isn’t parking space, no spectacular discounting like the USA and the restaurants are always jam packed.
The Costa Rica Real Estate industry is feeling the impact of the USA crisis as it has evolved to the worst in the history of America.

The Costa Rica Real Estate industry is trying to fight back with special promotions by redesigning product at lower retail price points. The problem is the investor is too preoccupied and have taken a hold stance.  People are totally frozen and cannot make a move at this time and understandably so.

As a result, inquiries for property have dropped significantly and naturally so.  We are finding pockets of buyers that look to parking money safely in Costa Rica Land. Their attitude is that they can hedge doing this as it can be sold in any currency they choose and it certainly will be there in two or three years.

The Costa Rica Retirement market is still very much alive but fewer. For the time being anyway they are showing the same preoccupation and caution.

We will have a better prognosis of the situation once Obama is in full swing and being tested. People react like the markets, on perception and the Baby Boomer is still lurking out there.  Costa Rica is still the number one offshore destination for retiring Americans and that is a big plus for us.