There are different types of people who buy a house in Costa Rica. The first group is that foreigners who want to secure their assets for dubious government plans in their home country. The second group consists of young, ambitious Costa Ricans who can get a mortgage from local banks.
A new wave of foreign investors comes from Europe and Russia. The groups together create a changing demand in the real estate market of Costa Rica.
The sellers are local residents and foreigners who possess real estate here.
The real estate market consists of two parts. The first part is the Central Valley region with the capital San Jose, Alajuela, Heredia and Cartago. Real estate prices in this region have risen steadily over the past 20 years. Depending on factors such as environment, architecture, design and safety, the prices for single-family homes with three or four bedrooms are between $ 150,000 and $ 700,000.
A new trend is houses and apartments in gated communities. These offer better security. Prices for two or three bedroom apartments start at $ 250,000.
Expensive residential tower projects are popular with wealthy Costa Ricans. $ 500,000- $ 2,000,000 for an apartment overlooking National Stadium.