Real estate market trends in the Western area of Costa Rica

The Western Area of Costa Rica’s Central Valley is growing and it’s a good time to put money into it. In this article, we’ll talk about the trends in real estate in the Western zone and what kinds of properties you can find there.

The properties in the Western area are becoming more valuable because local and international businesses are investing. In the West, you can find a lot of different types of properties and for different types of use.

Since we’re local experts, we can help you figure out the best ways to invest or sell your property based on the reality of the local market.

Patricia Barrantes, Nativu Grecia Advisor

Urban real estate market

The main urban development in the Western Area are Grecia, Atenas, and Naranjo. Here, you can find properties for all budgets, ranging from $150,000 and up for houses and lots, to $1,500,000 for luxury properties with views of the Pacific Ocean.

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Grecia

The market in Grecia is growing because of new Free Trade Zones like Parque Activa, Green Valley, and Evolution.

These are big companies that had create jobs, making the economy grow. As a result, there has been an increase in property demand and, consequently, their value.

Grecia is a great place to live, especially because it’s close to Route 1, which brings in people from other parts of the country. Condos in this area are always in demand and usually cost between $175,000 and $400,000, offering a lifestyle that many people find very attractive.

Atenas

Atenas is famous for having a growing expats and international community.

Its great weather, location, and unique way of living make everyone fall in love with it.

In Atenas, more and more people want to buy bigger plots of land and houses in gated communities, starting at $350,000.

Also, there’s a market for luxury houses with views that cost over $1,000,000.

Naranjo

With prices that are lower than in Atenas, there’s a lot of interest in Naranjo for modern houses with big yards.

However, due to its proximity to Grecia, it’s expected that more properties will be developed in Naranjo. This will increase the area’s value and attractiveness.

So, Naranjo is an ideal choice for those seeking to invest wisely in a prime location at an affordable price.

Rural real estate market

The agricultural zones to invest in the Western Area are Poás, San Ramón, Palmares, and Sarchí. These regions are well-known for their farming activities, leading to a high demand for investment properties in the market.

Right now, there’s been a rise in tomato farming in the region. Although coffee cultivation has declined in recent years, it still holds a traditional place in the area.

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Palmares & Sarchí

In Palmares, there’s eco-friendly tourism blooming because of its farming history. There are also lovely green spaces to enjoy nature.

The Sarchi area is known for its high-quality wooden crafts and furniture. The real estate market is similar in both places.

Here you’ll find land for construction that costs between $150,000 and $400,000. Also, there are family homes for sale at lower prices than in more developed areas.

The Western Area is becoming an important point for growing businesses. It’s not just about making money, it’s about being part of a community and make it grow.

Eloy Suarez, Asesor de Nativu Grecia

Poás

Famous in the Western Area and the country for its coffee production and tourist attractions like the Poás Volcano. One of the many allures that this area offers is houses in high places with exclusive views of the Central Valley.

Here you’ll find affordable plots starting at $150,000 and productive farms that go up to $3,000,000.

San Ramón

San Ramón has a good downtown area, which is beneficial for people looking for properties nearby in the Western Area.

But most of the real estate action is about farms and investment properties. You can find properties with views of the Pacific Coast in higher altitude areas.

Besides growing coffee, they also grow sugarcane in the area. It’s a popular spot for people who want to invest in faraway lots but still have access to a town with all kinds of services.

At Nativu, #WeAreLocals and #WeAreExperts, that’s why we offer personalized advice for real estate in our area. If you want to sell or invest in the Western Area, feel free to contact our advisors.

See properties in Grecia