Costa Rica & the Current Real Estate Market

[Isham C.]

Real Estate is BIG business down here in Costa Rica. The recent economic crisis the world is feeling, has not been as much of an issue here as elsewhere. The tourism markets have been hit pretty hard and although Real Estate sales have slowed down, land prices and property values, have remained very stable.

What this means is that if you have already invested in Costa Rica Real Estate, no worries, your investment is secure. If you are looking to get into the market here, than it is your lucky day, there are many deals to be made with foreigners, needing to liquidate, due to the crisis going on in their home countries. This creates an atmosphere of selling property well below the market value. If you are one of the few, unaffected by the global turmoil, now is a good time to buy. Most likely, the property you just bought has appreciated, instantly, from day one.

Condo sales have been hit by the global money crisis the most in Costa Rica. Before the financial markets crashed, condo development had been going through the roof. With less people buying right now it has driven some condo developers to desperate measures. This is good news for you, the consumer. Many condos at many price points are available. Try getting a condo on the beach in Florida for 150k or less. Not likely. Between Florida or Costa Rica, I'll take Costa Rica.

The days of getting land for pennies on the square meter are long gone, but, now is the time to buy if you can. I have not seen opportunities like the ones currently available in years. If a peaceful, stable, democratic society, with climate options to please just about everyone sounds good, than take a look at what Costa Rica can offer. Million dollar views can still be had at a fraction of what you would pay in the states.


Cheers