Costa Rica Real Estate Finally Sees A Steady Rebound
The Costa Rica real estate market is recovering and has seen a steady rebound over 2012. In the years prior to the global economic crisis, the Costa Rica real estate market was booming, however, the market took a strong downfall from 2008 to
2011 creating devastating effects on Costa Rica real estate market prices. The market had hit a low, the slide had stopped and the market was basically flat lining at the bottom.
Fortunately, there has been a steady rise in market interest on the international market with more interest from buyers and an increase in foreign homeowners placing their properties on the market as they see boosts in interest and price points.
With the market’s steady recovery, there are several Costa Rica hotspots that have seen an increase in accessibility and market interest. Below is a sneak-peak of several places to keep your eye on:
• First – The West Side of Central Valley – Heredia, Alajuela, Atenas, Grecia, Naranjo,
Palmares and San Ramon
• Second – Northern/Guanacaste and Eastward – Liberia to Upala, Volcano Tenorio
around The Rio Celeste
• Third – Pacific Southern Zone – Golfito, Osa Peninsula
The future outlook on the Costa Rica real estate market is extremely positive and there are many other places in Costa Rica that are quickly becoming real estate hotspots. Real estate agents and developers have much higher expectations for 2013, especially in seeing the strong increase in the Costa Rica travel and vacation industry for this coming season.
The featured listing (main photo) can be found at Palms International.