We all know that the East zone of the Greater Metropolitan Area (GAM) has grown exponentially in recent years. But how has this impacted the real estate market? We consulted with our expert advisors about market trends and the lifestyle that can currently be found in areas such as Curridabat, Los Yoses, and Tres Ríos.
What does the East zone include, and how has the real estate market developed?
The East includes communities from Los Yoses to Tres Ríos, as well as local markets such as Coronado, Moravia, Guadalupe, and the surrounding areas.
This location is privileged as it is close to the capital and all the country’s main routes. Also, it is a central area that ensures easy mobility, and access to shops, health centers, workspaces, educational centers, and much more.
These areas have experienced significant economic investment in recent years, which has impacted the real estate market.
Not only have properties increased in value, but we have also a broader portfolio, offering options ranging from apartments to luxury properties in exclusive condominiums.
In terms of real estate development, there has been an increase in the construction of condominiums, residential complexes, and shopping centers. Many of these projects are focused on providing a blend of modern amenities, security, and accessibility for individuals who work in San José but prefer to live in quieter areas with a more natural environment.
Carolina Trujillo, Nativu Este Real Estate AdvisorHousing Trends
The East zone has been maintaining a trend towards ‘quiet luxury’. Consequently, properties in the market prioritize elements such as gardens, views, yards, and, in general, designs that incorporate nature. Unlike other areas in the GAM, the East zone offers options with high-end luxury finishes without neglecting green elements.
As a result, the growing demand for centrally located homes and flexible spaces for remote work has evolved people’s preferences. Smart homes, amenities, and luxury finishes are key aspects of this market.
Mauricio Castillo, Nativu Este Real Estate AdvisorMarket prices for rentals and homes in the East zone can vary based on different factors such as location, property size, construction quality, and amenities.
In rentals, prices can range from $800 to $5000 per month, depending on whether one is seeking studio-type spaces or family homes.
Sale prices range from $170,000 to $500,000 or more for apartments, depending on size, location, and amenities. In smaller or less exclusive areas ranging from around $150,000 to $400,000, while larger and luxurious properties can easily surpass the million dollars.
Regarding commercial properties, it is important to note that there is a variety of offerings depending on the area in which you plan to invest. Rentals can range from a few hundred dollars per month to thousands of dollars for large spaces located in privileged areas. The market provides storefronts, warehouses, office buildings, commercial land, and much more.
This competitive market and in recent years, its development has increased the value and demand for properties.
The provided price ranges are general, and actual prices may vary depending on the type of property sought.
It is crucial to research and consult with your trusted real estate advisor to ensure that you make wisely decisions.
