So I’m never very far from real estate investing. And these past few days have been spent learning a little more about Costa Rica Investment Property. Well, to be truthful, it has really been more of a time for my wife and youngest daughter to make some memories and get away. For those of you that do not know, we lost our oldest daughter back in February 2018. It’s been rough adjusting. Part of my grief, I guess, was putting bicycling and writing about real estate to the side.
These last five days here in Tamrindo, Guanacaste, Costa Rica have been quite therapeutic. Between the bicycling, zip lining, surfing and snorkeling I have been paying attention to the real estate market. Here are a few of my off-the-cuff observations;
- There is more property than demand.
- However, prices are not bargain.
- Obviously, the closer to the ocean the higher the cost.
- My preference? Up the mountain a bit with a great view.
- For the right property, marketed correctly, there is money to be made.
- Or at least a “free” vacation home for yourself.
For the last year or so I have been reading up about Costa Rican real estate law, etc. There are issues with squatters if not properly managed. While the government and economy are very stable it is still Central America…with Nicaragua and it’s every 25 years of problems right next door. Still, I think the opportunity and the “Pura Vida” lifestyle outweigh those concerns which can be overcome.
Should you wish to follow along, keep checking back with this blog on Kansas City real estate investing…and now Costa Rica real estate investing.