Each ten years approximately, real estate buyers and investors In Guanacaste have the opportunity to make smart moves that allowed them to have good returns medium term.
The real estate Industry is cyclic and emotional, a good investor is as patient as objective and do not falls down to euphoria or market depressions. In the case of the actual pandemic, the difference with other price corrections has been the time we have changed from euphoria to almost depression.
In just two weeks we changed from euphoria about La Marina Flamingo in Guanacaste, new communities and lack of commercial spaces en Tamarindo, to panic section. However, people even barely dimension what we are facing.
It is the moment to invest wisely, is the time of the buyer! During the next 12 to 18 months the market will be corrected and we will have discounts up to 50% from the actual market value.
Guanacaste is an attractive zone, as Mundo Guanacaste explains, it is a province that has shown an exponential growth in services, infrastructure, foreign capital, etc. So even in these times, it is important to consider these factors.
Advice to take advantage of the current situation
- Structure the purchasing strategy with your local real estate advisor. See how you can invest in a market full of opportunities and stablished an accurate action plan. It is a great moment to invest in real estate.
- Choose the properties you like the most and make aggressive offers for each one of them, even more when the purchase is in cash. The sellers will be at the entire disposition of listening to every offer and this is why the must analyze very well their settlement situation during this global contraction.
- If you live in the city, it is a great moment to acquire land in Guanacaste, maybe around 5,000 m2. This is a great opportunity to become self sufficient short terms, having your own house with solar panales, chickens, garden and fruit trees. Being self sufficient will be stronger and in Guanacaste is easy to achieved it.
- If you are a Costa Rican salaried employee or a foreigner with access to credit, soon will be the moment to obtain “cheap money”. This happens because the low rates keep decreasing and this is why it is a good year to use the bank money and put it to work for personal benefits.
