As one of the most magnificent destinations in Latin America, it wasn’t much of a surprise to see Costa Rica rank as one of our ‘Top 25 Global Real Estate Markets in 2020‘.
Whether you’re making the leap on your first investment property or expanding your portfolio, Costa Rica provides some incredible opportunities for international real estate investors.
It has all of the key features that one looks for in an attractive market — natural beauty (from tropical beaches to lush mountains to rainforests), warm weather, relatively low cost of living, visa friendly, steady tourism growth, exceptional safety, political stability, strong healthcare system, the ‘Pura Vida‘ lifestyle, and much more.
While investing in Costa Rican real estate can indeed be a savvy financial endeavor, it also opens some extraordinary lifestyle benefits. How about a 2nd home on the Pacific coast or in the eternal spring-like weather of the central valley that can serve as your own tropical getaway and generate rental income when you’re not there?
Of course, international travel has been hit hard amidst the global downturn, but it’s an industry that tends to rebound strongly post-crisis and we anticipate this time being no different. After all, we’ve been cooped up at home for months and are itching to get back out to experience the world and find peaceful and sustainable places to enjoy.
For a detailed breakdown of the index and the data behind it, you can check out the full article here.
International Real Estate in the Crisis
There is certainly more turbulence ahead as the effects of the economic shutdown will be felt for months and years to come. However, such tough times also create opportunities for those that are well-positioned and may have liquid funds to deploy.
As highly leveraged property developers face a capital squeeze and are forced to sell, prices will be pushed lower and create some incredible buying opportunities. In fact, some have already begun to liquidate their assets.
Yes, tourism and rental demand will slow down for a while (just like everywhere in the world), but Costa Rica has the long-term fundamentals and is well-positioned as a safe, world-class travel destination to bounce back and regain its growth trajectory soon enough.