by: Mark Venegas,
Real Estate Consultant
In past articles, we have talked about different aspects of the local market and it’s slow but steady recovery. Of course, there are many variables that directly and indirectly affect the Costa Rican Real Estate market, but predominately, especially here on the coast, we are most influenced by what happens in the USA. The slow but consistent increase in sales here can be reflected from the agonizing but sound recovery in the US. As the US potential buyers become more confident in the US economy they have returned to viewing our coast as a reliable and politically stable place to invest. We are also benefiting from an increase in clients from Europe.
Throughout this recovery, and more noticeably a bit over a year ago, these couples, families and investors have been trickling down here and buying up properties, mostly from distressed sellers, but also from many of the prime properties. We are beginning to experience a delayed effect from the past recession where we went through a period of around three years where no new homes, etc., were built here. This, along with the recent spurts of sales, is reducing the quality inventory in our area. There are still some very nice Homes and Condos available, but 2014 is already proving to be full of activity, so just how long our quality inventory will be available turns into an interesting question.
Regardless, now there are new homes and townhouses being built here and new Businesses opening in Tamarindo, allowing us to feel a confident sense of optimism for the future of this beautiful and culturally diverse town. Give us a call, or e-mail us, at ABC Real Estate and we will be happy to help you find your dream piece of the tropics.
I hope you all have a prosperous 2014.