In 2014, Tamarindo was named Costa Rica’s Leading Property Market.
After breaking a record for international arrivals in 2012 with over two million visitors, the Costa Rican real estate market enjoyed a substantial uptick in 2013. The first quarter of 2013 saw a major surge in development and building, which continued throughout the rest of the year. apartment
The Central Valley has been the busiest region in Costa Rica thus far in 2014, which makes sense given that it has the largest population density. According to several sources around Costa Rica, the Tamarindo district on Guanacaste’s Gold Coast appears to be leading the market in sales this year on a per capita basis.
In 2014, comments from agents and agencies are very upbeat, with substantially higher numbers than predicted in most Costa Rican locations. All regional assessments show that the market is regaining speed, with activity levels returning, and 2015 estimates are looking quite good. This is especially noticeable in Guanacaste’s beach region, where foreign buyers and investors have returned and appear ready and willing to buy.
Costa Rica’s burgeoning real estate market is once again being lauded by international media as an excellent area to invest. Costa Rica has seen quarterly improvements in real estate investment that are the largest since 2000, according to the Central Bank, and International Living Magazine has recognized Costa Rica as one of the greatest investment sites in the world.
Developers in Guanacaste, particularly in the Gold Coast’s heartland, are working quickly to construct new houses in their gated communities. On Guanacaste’s Gold Coast, Punta Playa Vista, a major developer of residential gated communities, provided the following:
The middle class is the primary buyer of beach real estate in Guanacaste. North Americans looking for a profitable second home investment in Guanacaste’s booming vacation rental industry. To supplement their retirement strategy, they desire an investment with value, quality, and a positive return on investment. Gated communities on Guanacaste’s Gold Coast check all of these boxes and then some for this demographic — Real Estate in Punta Playa Vistas, Tamarindo.
In Guanacaste, about 65 percent of real estate buyers are from the United States. According to industry experts, new financing alternatives and credit opportunities for Costa Rica’s developing middle class will result in an influx of local purchasers into the Guanacaste market, contributing significantly to price increases over the next decade.
Tamarindo, the main coastal center for Guanacaste’s Gold Coast, has been a popular tourist and expat destination for more than a decade and boasts one of Costa Rica’s most modern tourist and real estate infrastructures. The 2013 trend of purchasers seeking low to moderately priced real estate is continuing this year, with a preference for gated communities that provide owners with all of the amenities as well as property management for holiday rental services. In this region, coastal gated communities continue to top the market in 2014.