The Costa Rica real estate market saw a significant turn-around in 2013 after setting a record in international arrivals in 2012 with over two million landings on its sunny shores. Development and construction picked back up in the first quarter of 2013 and significantly increased throughout the remainder of the year.
So far in 2014, the busiest region is the Central Valley, which makes sense as it has the highest population density in Costa Rica. Based on reports from multiple sources throughout Costa Rica, on a per capita basis, the Jaco area appears to be leading the market in sales this year.
In 2014, reports from agents and agencies are highly optimist showing much stronger numbers than expected in most regions of Costa Rica. All regional reports indicate the market is getting back up to a full head of steam with activity levels returning and projections for 2015 are looking very promising. This is most evident in the coastal region of Puntarenas, where foreign buyers and investors have returned and seem to be ready and willing to buy.
International media is once again highlighting Costa Rica’s growing real estate market as an ideal place to invest. The Central Bank has reported that Costa Rica has seen quarterly increases in real estate investment that is the highest since the year 2000 and recently International Living Magazine ranked Costa Rica as one of the best investment locations in the world.