As a Wall Street trained, professional investment advisor for 30+ years, I can’t help but see similarities between the financial markets and ‘life.’
The vast majority of people never make serious money investing in the market however, a small percentage do…
Most investors will dive into the ‘hottest’ mutual fund shortly before that ‘hot’ fund slumps and then drastically under-performs it’s peers. The investor then liquidates and searches for another ‘hot’ fund, paying another commission and suffers yet again… The same applies to Costa Rica real estate.
Some people have made an enormous amount of money investing in Costa Rica real estate however, just like the stock market, some areas have already seen significant growth and there are other regions where land prices are just beginning to gain momentum…
What am I talking about?
During the last couple of years, a variety of companies have done an enormous amount of email and telephone marketing selling Costa Rica land and real estate, more than anybody has ever done before. Hundreds of millions of very persuasive emails have been sent out talking about how much money ‘can’ be made buying and selling Costa Rica land on the Pacific coast.
Living on the beautiful and affordable Southern Caribbean coast of Costa Rica video slideshow.
This has generated huge demand in a few select areas of the Pacific and as the supply diminishes and the demand for that land increases, prices move higher… This is not to say that you cannot find awesome land at reasonable prices on the Pacific, with the help of a knowledgeable local real estate professional, you can but, it is certainly getting harder to find.
We should however remember that Costa Rica has two coasts, the Pacific and the Caribbean coast. Both of which have different personalities and attractions but when you start comparing the cost of land between the two, you will find dramatic differences.
According to my friend José Tercero – an experienced Costa Rica Realtor on the Southern Caribbean coast of Costa Rica, you can buy new homes in his area close to the beach for $750 – $900 per square meter which is less than half the price of most comparable properties you’ll see on the Pacific coast.
If you are willing to put a little work in, you can buy older homes on the Southern Caribbean coast from about $400 per square meter.
If you are looking to make a serious investment in Costa Rica land, we would certainly encourage you to evaluate the Caribbean coast as well as the Pacific.
Written by Scott Oliver, author of 1: How To Buy Costa Rica Real Estate Without Losing Your Camisa, 2: Costa Rica’s Guide To Making Money Offshore and 3. ¿Cómo Comprar Bienes Raíces en Costa Rica, Sin Perder Su Camisa?
Costa Rica Beach Real Estate – Pacific Coast Vs Caribbean Coast – Supply and Demand
Article/Property ID Number 492
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