Costa Rica has become an increasingly popular destination for real estate investors and second home buyers in recent years. With beautiful beaches, lush rainforests, and a very favorable residency program, it offers a high quality of life at affordable prices. This article will explore the key opportunities and considerations around investing in Costa Rican real estate.
A stable democracy with expat-friendly policies
As the oldest democracy in Latin America, Costa Rica enjoys political stability not found in all of its regional peers. It also offers attractive residency options – investors can gain residency by purchasing real estate over $200,000. Dual citizenship is possible after 7 years of residency.
Appealing lifestyle at a reasonable cost
The beautiful landscapes and beaches of Costa Rica are a huge draw for foreign buyers seeking an idyllic second home or retirement retreat. At the same time, the cost of living is around 30-50% lower than the US. So investors can enjoy a high living standard without breaking the bank.
Growing tourism supports rental demand
Over 3 million tourists visit Costa Rica every year and this number is rising steadily. The eco-tourism market and increasing international flights translate into strong rental demand, especially in popular tourist destinations like Manuel Antonio and Tamarindo.
Upside potential in an undervalued market
While Costa Rica real estate is not as cheap as it once was, property values still remain far more affordable than comparable destinations like Hawaii or the Cayman Islands. With improving infrastructure and economic growth, most analysts foresee steadily rising prices and values over the coming decade.
With its natural beauty, stability, and quality of life, Costa Rica offers overseas property investors an appealing balance of lifestyle and financial upside. Exploring this increasingly popular market can pay rich dividends for the right investor.