Properties in Costa Rica Blog

Monthly Archives: July 2015


Costa Rica Real Estate Market Trends

Costa Rica Real Estate Market Trends

July 18, 2015

Properties in Costa Rica

Costa Rica real estate prices continue to rise. In the last ten years, even the Osa Peninsula, known as the edge of the world, has experienced a robust market as development continues to spread south. This small vibrant country has become an expats’ paradise. In many countries, buying property as a foreigner can be a complicated, nerve-wracking process. Costa Rica law makes the process fairly simple, which is a huge selling point. Beyond the natural beauty, sustainable lifestyle and great climate, a big selling point, it is relatively easy and uncomplicated for foreigners to establish residency and buy property in Costa Rica. Foreigners are entitled to the same ownership rights as citizens.

The booming Costa Rica housing market is not expected to slow down anytime soon. Prices continue to rise. While Costa Rica does not report median homes prices, the available data suggests the strong growth experienced in 2014 will continue through 2015. Foreign buyers are driving market prices. It is also important to note that Costa Rica’s economy is stable with steady GDP growth projected through 2015. Right now ¼ acre beach lots sell for $40,000 to $200,000, and beachfront homes start at $165,000 going as high as $3 million plus. For Americans, the strong dollar also means being able to get a lot more for your investment.

Regardless of whether you are looking to purchase something in the low six figures or high sevens, the majority of the available housing inventory in Costa Rica is desirable. The surging real estate market in the southern pacific offers a different lifestyle than exploding Guanacaste province. Dominical is known for its laid back rustic lifestyle, whereas Tamarindo has become a golfers’ paradise. From retirees on a fixed budget to the independently wealthy to young families looking for a more self-sufficient lifestyle, Costa Rica attracts different types of people with widely varying reasons for purchasing property here. Depending on your tastes and lifestyle choices, you can find your niche as an expat.

An added benefit of purchasing Costa Rica property is the potential investment income. Costa Rica is a popular vacation spot with year round near perfect weather, which means you can rent out your property a good nine months and create a secondary income source. Owning property in a foreign country is a means to protect your assets and wealth, and beautiful, stable Costa Rica is one of the top destinations for foreigners for good reason.

If you are considering purchasing property, take a few trips to Costa Rica to become familiar with the nuances of the different areas and explore what the country has to offer. Also, reach out to experts and expats for input and information.




4th of July Gets a Nod in Costa Rica

4th of July Gets a Nod in Costa Rica

July 4, 2015

Properties in Costa Rica

Independence Day in America conjures up images of red, white and blue, lots of flag waving, parades, marching bands, baseball and hotdogs galore. It’s the classic Americana celebration. While Costa Rica’s version of 4th of July may be more understated and absorbing some of the local influences of Tico culture but due to the large numbers of expats, the day is hard to ignore. From the white sandy beaches of Tamarindo to bustling San Jose to deep in the Osa Peninsula, there are pockets of expat gathered throwing their own celebration. Initially attracting surfers, adventure seekers and nature lovers, Costa Rica has grown in popularity among retirees and families, and these expats are continuing their traditions including a colorful, festive 4th of July celebration.

4th of July is a classic holiday for Americans living and traveling in Costa Rica. There are a ton of festivities taking place throughout the country. Costa Rica has a long history as a favorite destination for adventurous Americans to vacation. Since the 1950s, expats have gathered to celebrate America’s Independence Day. Sponsored by the U.S. Embassy, the 1st annual 4th of July celebration in Costa Rica took place in the 1950s. Beginning in the 1950s, Expats celebrated the day at the American Colony Committee. Traveling here regularly, purchasing properties, and some even permanently moving here, the number of Americans discovering the ideal lifestyle Costa Rica offers continues to increase each year. As a result, expat communities have popped up throughout the different regions of Costa Rica.

Neighborhoods and towns with strong expat communities throw Independence Day parties that everyone can enjoy, especially in San Jose. During the rainy season, the capital city remains one of the most active areas in the country. It’s a place for people to gather together from the more remote areas of Costa Rica, as well as a top destination among visitors. July is the slow season. Since it is not the high season for rentals, many homeowners take their vacations here during this time. While it is not as busy a time of year as December/January, there is certainly a strong showing of Americans in the country, and enough to celebrate the classic holiday. With plenty of parties, barbeques and fireworks, it’s a day for everyone to enjoy.



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