Overall, Costa Rica Home Sales have decreased since the housing remission in the US; however, there is variation in home sales contingent on certain factors: location and price to name a few.

The desire to reside in Costa Rica never disappeared; in fact, if anything, it has amplified. It was merely the conditions of the market that generated a recession in Costa Rica House Transactions. Surprisingly, real estate in the Central Valley was relatively unaffected. Suburbs around Costa Rica’s busiest cities – San Jose and Alajuela – grant expats and retirees with modern infrastructure, a mild climate, but also privacy within the area’s lush jungle. Additionally, the cost of lots is definitely cheaper than in other active real estate regions, such as the Gold Coast in Guanacaste. Affordability is a decisive factor for a majority when preparing to settle in the Central Valley.

Although the market created a major drop off in buyers’ budgets, a compelling percentage of owners in Costa Rica declined to make large cuts in their asking prices. This is the case especially in ocean zones, due to the desirability of the land. A fundamental reason for this is the fact that a majority transactions are paid for in cash, because financing is hard to come by. Thus, many owners have very insignificant holding costs. Those who are able to afford maintaining their prices are expecting the market to return to its state of the early 2000s; though, there are a plethora of owners who have slashed prices, so it never hurts to keep alert for deals!

Costa Rica Home Transactions are not limited to standing structures, though. With the maintaining growth in the expatriate body throughout Costa Rica, housing communities have become more active. Neighborhood style, secluded communities are perfect for retirees and families; but, in light of the remission in real estate over the recent 5 years, many communities had to cease or slow down their efforts. Lots within such developments are continuously available, but acquiring land by itself can be intimidating to many people. That’s one of the reasons lot & home packages in the $200,000 – $350,000 are currently in high demand. Depending on the value of the land and the house design, a 1500-2500 square foot house can be constructed within such a price range. Because financing is more difficult in Costa Rica, lower priced houses offer accessibility, but also comfort! A 1500-2500 square foot home can magnificently fit 3-4 bedrooms, 2-3 baths, a kitchen, and living room!

From pre standing houses to development property, there’s a proper house for anyone interested. Though the real estate market is still recovering, Costa Rica Home Sales are poised for a massive return!