A New Type of Property Buying Option in Costa Rica

Uvita Costa Rica Walk-to-the-Beach development Villa Del Sol

Video done by Chuck Chastain of Aerial Media Typically the type of property that I have sold over my years in Costa Rica real estate have been multi-acre, ocean view properties. These have been sold to hardy individuals that have deemed themselves up to the task of taming these jungle laden acres to their will – and then … Read more

How to Buy a Property in Costa Rica

Should I buy or buy and build a house in Costa Rica?

Reasons we hear for why people buy property in Costa Rica: “There are big changes in (home country) afoot” “We’d like to simplify” “Gotta get out of this cold!” “We’d like a second home” “We’d like a second home that generates income while we are not there”. Getting more self-sufficient, going off the grid or … Read more

State of the Market – October 2012

Houses at San Francisco's Fisherman's Wharf

What is the current market like in Costa Rica real estate?

I get asked this question quite a lot these days. Well, actually that is probably the question that characterizes the life of a real estate agent anywhere – and probably at any time, except when it is clearly known that there is a recession or a boom, neither of which describes the time we’re in right now.

Houses at San Francisco's Fisherman's Wharf

We are currently in the depths of the rainiest time of the year here in The Zone (read: Costa Ballena), the area of the towns around Dominical, Uvita and Ojochal. For some reason this is the “low season” for tourism here. For those of us that live here, it is a delightful time of year. Sure, there are lots of days filled with rain, and at times unbelievable rains. But this is part of the appeal that brought us here in the first place. These rains are also what make the rest of the year so appealing. The southern pacific zone of Costa Rica is one of the lushest areas of Costa Rica, largely due to the fact that it truly is rain forest.

If I were to shop for property here in The Zone, I think that I would consider looking in October. You’d have no problem finding an available realtor, and you’d get to see what life is really like here, as well as be able to see how a potential property handles the rain.

Current Market:
The months leading up to October saw a surge in house sales. There was considerable activity in real estate, almost all of it in the house sector. Lots, on the other hand, not so much.

My crystal ball says

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What Is The Best Way To Invest $300,000?

I just got this question in:

I am an American English teacher who has been working and living abroad for many years. I have been living and working in Abu Dhabi, UAE for the past four years.
 
If you had up to $280,000 to invest in CR where would you invest it? The investment should not involve too much risk [that is the bulk of my savings], but can involve some speculation, as any real estate investment does, of course. Ideally, there would be good rental market opportunities. I have read that the Southern Zone is the place to invest now… Is this true? I can let the money ride indefinitely if there is rent and/or good capital gains.Anything that you can offer is much appreciated…

Here is my response:

I will outline some real estate investment options below. I agree that Costa Rica’s southern pacific zone is likely a top area to look for strong investment potential. Each of the below points are fodder for extensive discussion between us. For example,

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New Office, New Ideas in Costa Rica

aerial+view+building+Costa+Rica

Yes, we moved… from our office in Uvita to a new, larger space in Ballena, just a quick drive down the Costanera Highway. Ballena and Uvita are both home to the Marino Ballena National Park, an area that is vibrant with wildlife, as well as, electric green and blue hues. Ballena is only 7 kilometers … Read more

Escrow in Costa Rica Real Estate

signing-costa-rica-real-estate-contract

About a year ago, my business partner Ben, with his unique perspective on Costa Rica real estate, wrote about the changes with “escrow accounts” in his blog article- Wire Transfers, Escrow & An Investment Idea. He explained, For years we have used a rather casual system here in Costa Rica by which lots of land … Read more