Is it a good time to buy real estate in Costa Rica?
According to real estate experts, it is. Costa Rica – one of the hottest real estate markets in the Americas in the early 2000s – is coming back stronger than ever after the economic slump throughout the United States and Latin America.
“Costa Rica definitely has bounced back, especially in the Central Valley and the popular beach areas on the Pacific. Prices are on the rise again,” commented Dennis Easters, co-owner of Pure Life Development of Atenas real estate.
Sellers now are more motivated and deals can be found in Costa Rica, noted Easters, who belongs to the Costa Rica Global Association of Realtors, the Costa Rica Chamber of Realtors, and the U.S. National Association of Realtors.
In Atenas, Costa Rica, investing in real estate has jumped in popularity again over the past three years. “Atenas continues to be really popular for its location and climate, and land prices in Atenas generally keep increasing every year,” Easters remarked. “In real estate, the three most important things are the cliché: location, location, location!”
Located in the mountains where they fall away to the Central Pacific Coast, Atenas is less than a one hour’s drive to the beach and also from the capital city of San Jose to the east. Many neighborhoods in Atenas have ocean and coastal views, and the area is known for having the “best climate.” Three main roadways access Atenas, and the Juan Santamaria international airport is only 30 minutes away.
What are the benefits of buying real estate in Atenas? Easters says: location, convenience, nice international and local community, good climate, low crime rate, high re-sell value, and great vacation rental market. “In Atenas, using your home as a vacation rental can help offset the cost of your vacation home so it pays for itself,” said Easters. Costa Rica has a stable economy and government, and no capital gains tax.
Article by Shannon Farley