We spoke with our real estate advisor Lorena Clare about the types of properties that Guanacaste offers and what to consider if you are looking to invest in one of the most sought-after areas in the tropics.
The profitability, the growing tourist demand and the quality of life; Explore with us the important factors that will help you enter this competitive market.
Guanacaste is a diverse and cyclical market with properties for all types of investors. Recently we have experienced price reductions that favor future buyers who want to take advantage of fluctuations in a market directly influenced by tourism.
Lorena Clare, Nativu Guanacaste AdvisorWhat to consider prior investing in Guanacaste?
The most attractive properties for investment in Guanacaste, Costa Rica, vary according to your goals. There are apartment options for short-term rentals, family homes near the beach, land for residential and commercial developments, and much more!
Understanding the market and establishing projections as an investor are key factors to consider when making investment decisions. One significant benefit of investing in a sought-after region such as Guanacaste is the seamless integration of lifestyle with property acquisition. The area offers convenient access to essential services, shopping facilities, educational institutions, and a wide range of amenities, all within close proximity.
Legal factors and market prices
Prior to investing in properties in Guanacaste, it is essential to familiarize oneself with the construction and zoning regulations specific to the area. Local authorities have established certain restrictions and requirements that can influence the permissible construction and activities on the property.
Once these regulations are understood, it becomes easier to set realistic profitability expectations. Investors can anticipate that rental properties have the potential to generate sufficient income to cover maintenance expenses, taxes, and other associated costs. Moreover, for those seeking an annual return ranging from 8% to 10%, the Guanacaste market proves to be an excellent choice.
When it comes to property price trends in Guanacaste, despite the global economic crisis, the market remains stable. A significant portion of transactions in this area are conducted through cash payments, without the involvement of mortgage loans or other financial mechanisms. This factor helps minimize the impact on prices.
Second property investment
If you are looking to invest in a second property, Guanacaste is undoubtedly your best option. The region boasts a strong demand for rental properties, typically commanding monthly prices starting at $2,500 USD. Properties situated near the beach or in proximity to vibrant nightlife areas like Playa Tamarindo, Langosta, and Playa Grande are particularly sought after. Additionally, property management services are available for individuals residing abroad for the majority of the year, ensuring convenient oversight of their investment.
Many investors opt for purchasing properties that are already in a rent-ready condition. However, acquiring land during the construction stages can present advantages, such as reducing the upfront investment costs while ensuring a secure return on investment.
Our office specializes in identifying ongoing projects that hold promising prospects for the future. We assist you in discovering the developments that are currently under construction, offering the best projections and potential returns.
Lorena Clare, Nativu Guanacaste AdvisorOur Nativu advisors are residents of the Guanacaste area, which allows us to have first-hand knowledge of the local real estate market, emerging trends, and associated costs.
