Foreign investment in costa rica real estate hits $1.16bn

Photo: Christian Arballo Images

Data from the Costa Rican Coalition for Development Initiatives (Cinde) published on Central America Data (via OPP Connect) shows that the property sector accounted for 43 per cent of foreign direct investment in the country in 2013.

Cinde attributes the rise in demand to properties located in the coastal areas of Guanacaste and Puntarenas.

Speaking to The Costa Rica News, Christian Desmond of developer Punta Playa Vistas, based in the Tamarindo area of Guanacaste, highlights the ROI avialable on the costal property.

"The vacation rental market is booming in Costa Rica, especially on Guanacaste’s Pacific Coast, known as the Gold Coast for its endless pristine beaches of golden and white sand and fully developed infrastructure, amenities and services," he comments.

“Investors looking for investment property in Costa Rica are selecting reputable developments with a long standing track record in producing quality homes. Gated community developments protect buyers from many of the pitfalls of purchasing a lone-standing property which are often fraught with people issues and management issues.

“Gated community properties in terms of income potential have added security in both property protection and management processes. Gated communities offer exactly what investors are looking for, and further, they offer residence all the amenities, services and security they require for either their precious vacation time or as a permanent residence."