We’ve all been watching the news and no doubt, like many people, you’ve been worried about the future, mostly for our children, and wondered whether there is somewhere that not only offers stable conditions for property investment but a better quality of life.

John Wieland is President of Coldwell Banker Vesta Group Dominical. He is a managing partner of the Master Franchise of Costa Rica where he has been involved in the oversight and growth of the Coldwell Banker brand which has grown from four to twelve locations in Costa Rica.




John is seriously involved with investing in Costa Rica real estate both for his customers and and personally and we had an interesting conversation recently about his feelings on the the current economic climate in the U.S and its effect on Costa Rica and, I wanted to share his responses with you.




Will the current U.S climate affect direct foreign property investment in Costa Rica?




“Yes! But not how you might think. We are seeing a significant up-tick in lead generation and buyer activity in 2011 due to the US economic slowdown. We see many customers simply in fear that the US economy is going from bad to worse, without a clear direction to improve the economic environment.




With unemployment not getting better, housing seeing major headwinds and still downward pressure on valuations, major foreclosure activity accompanied with shadow statistics that look even more worrisome, lack of credit expansion, and a very weak GDP growth scenario of less than 2%, people are seeking international investments as a way to either diversify the portfolio or simply jumping ship.”




Do you believe that more people will relocate to Costa Rica in search of a more promising future?




“We are absolutely seeing that now! This used to be a place to retire and many developments were focused on that clientele. Today, however, we are seeing more and more younger families from the US, Canada, Europe, Brazil and now the Asian markets arriving seeking more permanent residency.”




Have Costa Rica property prices been affected by the current economic climate in the U.S?




“In general we have seen valuations cut by 25 – 30% across all asset sectors in our area. There is a lot more supply than demand, particularly in individual building lots.”




Would you agree that the current Costa Rica property market is favorable for investors?




“Yes, very! With prices down, and activity up, some of the better inventory is now being absorbed by astute investors seeking A+ positioned inventory. High quality inventory is either being acquired or prices have stabilized.




From beach front, to great ocean views to income producing (hotels) properties, there is great value in today’s market to acquire.”




What up and coming regions would you mark for property investment?




“We are focused on the Southern Pacific region as the next wave of investment and development. The infrastructure here is growing by leaps and bounds over many other regions, new hospital, fabulous highways, improving broadband and has a more sustainable development trend.




With better schools (brand new private school in Playa Ballena that after one year now boasts an enrollment of 27 children), higher quality services, better access to materials and improved touristic options.




The Costa Ballena Region (Dominical, Uvita, Ojochal) has a very promising future with its “Big Sur” like coastline and approximately 30 miles of “land-meets-the-sea coastline.




Here are a few other reasons why you should invest in Costa Rica real estate:

  • Costa Rica is recognized as one of the most stable democratic countries in Latin America.
  • In the July edition of CNN Fortune, Costa Rica was highlighted as one of the best new countries for business. It was positioned amongst the top 15 emerging hubs for business innovation.
  • According to the CNN report during the period 2004-2009, Costa Rica experienced a 40% increase in Gross National Income per capita and…
  • Information in this study supports statistics released by Costa Rica’s Central Bank confirming a 16% increase in foreign company resource investment in the first trimester of 2011.

  • Costa Rica tourism sector has hit the headlines thanks to a series of high profile foreign investments. Significantly hotels and restaurant investment has increased by 4.7%. The Central Bank report said that this is largely due to large corporations identifying an increase in both international and national tourism.
  • Foreign investment generated by tourism arrivals generated close to $668 million in the first three months of 2011, a 2% increase compared to the same period of time last year.
  • If you are looking to relocate to Costa Rica, you might consider the successes of the country’s tourism industry. Acquire Costa Rica real estate and find out more about the emerging niche market of Costa Rica home rentals, a good way to generate a return on investment.”



Thank you John…


A Short 45 Second Video Message For Your From John Wieland.






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Your Costa Rica Realtor for Dominical and the South Pacific region.

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If you have ever dreamed of living in a place that’s as close to a tropical paradise as you can find … Please contact our Recommended Costa Rica Realtors Daveed Hollander, John Wieland and James Drews in Dominical in the Southern Pacific area, by using the simple form below:

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