Editor's Note: Costa Rica real estate expert firm Blue Zone Realty International gives their insight about the luxury real estate market and things to do in the Central American country.
Photo Credit: Blue Zone Realty International
How do new and older constructions compare price-wise in Costa Rica?
The median price for newer luxury construction is approximately $350sqft. There are some extraordinary older luxury estates available for as little as $280 per sq ft.
How is the Spring real estate season in Costa Rica like?
Typically the spring season is one of our strongest markets. "Summer" in Costa Rica is from December - April. Midseason is from May-August, and the rainy season is from September-November.
What questions do you get about life in Costa Rica around this time of the year?
The most common questions relate to property taxes, which are very low (1/4 of 1% of the property value), and the buying process for foreigners. Foreigners enjoy all of the rights of ownership as citizens do in Costa Rica.
Photo Credit: Blue Zone Realty International
How did the first quarter of 2020 real estate perform in Costa Rica?
January and February were very strong. Because of the COCID-19 virus, global markets have slowed in March and April. Some savvy investors, however, have taken advantage of this slow down to secure some amazing deals in the luxury market.
How do you overcome objections that can come at the end of a sale?
Objections in Costa Rica are fairly easy to overcome. The more informed and educated the client becomes about the benefits of ownership in Costa Rica, the easier it is to close a sale. We make an effort to provide our clients with as much information as possible
