Thursday, September 26, 2013

Recovery in Global Real Estate affects Property Prices in Costa Rica


Global real estate prices are recovering and this is having a strong effect on property prices throughout Costa Rica.
The Economist reports a year on year growth of house prices of 12.1% across to USA to the end of the second quarter of 2013.

Further they report that "the recovery still appears to be sound, since prices remain undervalued against income"
Read the full report here.

Knight Frank, in its Global House Price Index Report for the second quarter 2013, reports that worldwide house prices rose 2.4% for the quarter and that "the US housing market recovery appears to be on firmer ground"

The report is available for download here.

As property markets have recovered worldwide more and more buyers are looking at Costa Rica for both holiday homes and investments. This is pushing up real estate prices in Costa Rica and a number of recent articles reflect these increases:

This increased demand is resulting in more development. For example some recently announced developements are covered in the National newspapers here and here

And don't forget for US clients the implementation of the HIRE Act may make it more difficult and more expensive to get funds out of the US.

So if you are seriously considering a purchase in Costa Rica the time to act is now.

The offices in Quepos and Manuel Antonio can assist with your Central Pacific requirements. The San Jose office with your Central Valley requirements.

And of course Naturewalk is ideal for clients seeking a home and income in Costa Rica.

The "fly and buy" programs are worth up to US$2,000 to you.

To find out more about these and for assistance with your property requirements just call  
USA +1-866-990-1123 (toll free) or Europe +353-1-272-4184 or e mail

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