Ventimiglia in Playas Del Coco, Guanacaste, Costa RicaI have spoken to dozens of individuals who are looking at buying real estate in Costa Rica.  I have looked at hundreds of properties and developments in Costa Rica.  Of course, everyone's criteria is varied, but there is a "magic number" that keeps popping up, like the universe recorded it somehow and keeps playing it back to me.

That "magic number" is 200 - or more specifically, $200,000.

Mountain acreage adjacent to La Cangreja parkCosta Rica has a large number of fine and luxury properties, priced at $400K and above.  What is more difficult to find are properties priced at a more modest price tag of $200,000 or less.  Over and over I hear from people that they want to find properties in the $200,000 range - it is like that recording that I told you about.

House at Costa Del Sol for under $200KThe luxury properties are exactly that - luxurious - but there is still the average buyer out there who wants a modest, safe, and clean Costa Rican property, but doesn't want to pay a fortune for it.  For the beginner, finding these properties seems like a daunting, almost impossible task.  When you search the Internet, a score of ads and search results pop up for high-priced, luxury properties, making it appear as if Costa Rica is not for the average person any longer.  Unfortunately, that's untrue.

Guanacaste Country Club Golf Course & Club HouseThe key is working with people in the know - people who can network with real estate folks all around Costa Rica to find those properties.  These properties do exist, and there are quite a few of them!

So that is one of my goals - to find these high quality, inexpensive properties priced around $200,000, or less.  My list is ever-growing and diverse, satisfying a large group of buyers who want to invest in the tropical paradise that is Costa Rica.

Copyright 2008, The Costa Rica Real Estate Expert.  All rights reserved.

 
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4 Comments on The Magic Number...

MAR
16
2008
Hi Tiffany - what a cool niche this is!  With what's happening in the USA, more people seem to be considering retiring to Central America.  Belize interests me.  I hope to vacation there soon.
11:08am • #1

Tiffany,  How are the real estate taxes in Costa Rica?   I do hope that they are lower than they are here in Texas.

 

Don Eichler-Texas Broker

3:57pm • #2

Laurie - You would be amazed at the number of people looking to retire to Costa Rica.  I was up at a trade show in Canada this past January, and I would say that 70-75% of the people that were interested in Costa Rica were looking to retire there.  Apart from it being paradise, the awesome appeal is the safety and the excellent healthcare system - a major concern for retirees.

Don - property taxes are a "little" lower than Texas - 0.25%.  Not 2.5%, not 25% - 0.25%.  In general most everything is more inexpensive there.  Some people might disagree with that statement as real estate values have escalated considerably in the past years.  But comparable homes in the US and Canada are still much more expensive.

6:51pm • #3
JUN
16
2008
537,301 Points 45 Featured Posts Outside Blog

You've taken a unique niche, Tiffany - the "Affordable" Costa Rica, rather than the luxury sales. Probably a less crowded market.

9:10pm • #4

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Tiffany Wilson - THE Costa Rica Real Estate Expert

Manhattan Beach, CA

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Compass Properties - THE Costa Rica Real Estate Expert

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