More than 700 miles of beach on Pacific and Caribbean coasts, warm
water, tropical climate, lush rainforest and cloud forest, jungle
wildlife, stable country, and friendly people –
Costa Rica entices millions to visit every year.
If
you live anywhere in the Americas, and most likely even in Europe, then
you have heard the buzz about this Central American paradise. Maybe
you’ve already visited and promised yourself you’d return. Maybe you’re
still looking at websites and brochures, plotting your escape to a
tranquil tropical beach. Wouldn’t it be nice, though, to have your own
little slice of paradise and be able to come back again and again?
Tens
of thousands of people from all over the world have made the jump to
live in Costa Rica, whether permanently or part-time. The country has
become a bit of a “melting pot” of colorful cultures over recent
decades.
“Costa Rica is a great place to buy real estate at the
moment because property values are going to maintain and steadily
increase; the government is stable; the climate is great; there is an
attraction here with the biodiversity for people from all over the
world; and there are a lot of multinational investments,” commented
Dennis Easters, co-owner and broker with
Pure Life Development,
full-service real estate agency specializing in sales and rentals in
Costa Rica. Easters moved to Costa Rica from Florida nearly a decade ago
for an international lifestyle, and wholeheartedly encourages others to
do the same if that dream calls to them.
Easters
reports that Costa Rica has become one of the hottest destinations for
retirees from the United States and Canada over the past 10 years.
Hugely popular websites such as
WeLoveCostaRica.com,
LiveInCostaRica.com and
InternationalLiving.com attest to that. Many permanent foreign residents move to the capital city area of
San Jose and the greater
Central Valley,
where infrastructure is very developed, high quality medical care and
other services are close by, and elevation keeps the climate cooler.
Coastal areas tend to be more popular with younger immigrants or those
who actively seek the beach lifestyle, or as a vacation home investment.
“Costa
Rica is a great investment for vacation rentals, because Costa Rica is a
major tourist destination,” said Easters. “People realize they can rent
a nice house all to themselves, with their own kitchen and private
pool, for the same price as staying in a hotel. If you buy a house for a
vacation rental, you can plan on having an 80% occupancy rate during
high season from December to April.”
Jacó, Central Pacific Coast, Costa Rica
The
popular beach town, with its consistent surf, fun beach-party
atmosphere, well-developed infrastructure and new luxury condos, is one
of the top beach destinations for foreigners moving to Costa Rica. The
nearby world-class golf course, marina and resort community at
Los Sueños Resort & Marina adds a posh level of luxury.
“
Jacó
is a great investment because it is so close to San Jose, only an hour
on the Caldera Highway. Services and the community are well integrated
between foreigners and Costa Ricans. It has a great variety of
restaurants, new condo developments, and good social life,” commented
Easters.
Famous
with surfers from all over the globe, one of Jacó’s more attractive
elements for new residents are its newly-built beachfront high-rise
condominium developments. Most beachfront land in Costa Rica is
concession property, whereas in Jacó the properties are fully titled,
which is very attractive to buyers, explains David Karr,
Daystar Properties sales representative in Jacó. The area is perfect for surfing and outdoors’ lifestyles, Karr said.
“Jacó
and the Central Pacific remain one of the most desired areas for
full-time living because of its central location and its amenities and
services,” notes Karr. “With our warm temperatures and countless outdoor
activities, the Jacó area is perfect for those looking for an active
lifestyle. Here in Jacó you can walk downstairs, grab your surfboard,
and go right into the water.”
Both Karr and Easters affirm that
potential real estate buyers enjoy great opportunities now in Jacó.
“Over the last 18 months, we are seeing buyers get good deals where
people, due to economic conditions, needed to sell. There are definitely
still opportunities, but if you’re thinking to buy, now is the time,”
said Karr. Average prices for a two-bedroom, two-bath, fully furnished,
beachfront condo is in the mid to high $200,000 range, according to
Karr.
Nosara, Nicoya Peninsula, Guanacaste Coast, Costa Rica
Nosara, on Costa Rica’s
Pacific Guanacaste coast,
is a hidden paradise with no highways or even paved roads to bring in
the masses. The cosmopolitan community there is known for its active and
healthy lifestyles, natural diets, and its dedication to a slower, low
stress, friends and family quality of life. Driving slowly on the dusty
(or muddy) road into the area, you quickly notice that the community is
composed of little hamlets of homes, small businesses and the occasional
restaurant or hotel all hidden away in the jungle before the beach.
More than half of the area is set aside for wildlife and preservation,
including the
Ostional Wildlife Refuge to protect breeding Olive Ridley and Leatherback sea turtles. The result is an abundance of monkeys and other wildlife.
Nosara’s pristine beaches
– Playa Guiones, Playa Pelada, Playa Ostional and Playa Nosara – are
perfect for those who want to get away from it all. Nosara is a praised
surfing destination and home to a world-renowned yoga school. “Nosara
has a big international community with residents from all over the
world. It is off the beaten path, but it is unique in its isolation,”
commented Easters. “There is the famous Nosara Yoga Institute, great
surfing beaches and a relaxed atmosphere.”
Buying possibilities in
the Nosara area include beach properties, coastal homes, hillside
ocean-view homes and properties, and farm sales. Prices range from
$65,000 for a hilltop lot to $1.89 million for a “spectacular ocean view
villa,” according to Reef Realty, one of the main realtors in Nosara.
You can easily find two-bedroom homes for under $200,000.
Santa Teresa, Nicoya Peninsula, Costa Rica
On the tip of
Costa Rica’s Nicoya Peninsula, Santa Teresa Beach
exudes an enchanting energy that will entrance you from the second you
arrive. Renowned for being one of the top 10 beaches in the world, Santa
Teresa’s natural beauty flaunts jungle that hugs the coastline, pouring
down from coastal mountains to light sand beaches and crystal clear
aquamarine sea.
You have to take a ferry from the mainland across the
Nicoya Gulf
to get to this area of the Nicoya Peninsula (or drive a really, really
long way down from Guanacaste). “People like that because it keeps away
the big crowds,” explains Bas Pecher, sales representative with
Century 21 Beach Area Properties in nearby Playa Tambor. “A lot of people come to this area for its nature.” Close to Santa Teresa are the
Cabo Blanco Absolute Nature Reserve and the
Curú Wildlife Reserve.
The
southern end of the Nicoya Peninsula lies in a nice middle zone between
Costa Rica’s rainy southern Pacific Coast and the dry northern
Guanacaste Coast.
Epic surf and picture-perfect sunsets
are its hallmark. “A lot of people have bought in this area for the
surfing – the surfing is awesome. Also the laid-back feeling in this
area is nice. It’s still not developed,” said Pecher. “And our sunsets
are amazing!”
Pecher said that real estate sales in the area are
picking up. “We have really high-end homes in the $600,000 up to $2.75
million range, down to quaint surfer’s cottages starting at $180,000 up
to $260,000 with ocean views,” he said. “You can buy land and then
build, or you can buy existing homes and vacation cottages. There are
also gated residential communities.”
Once
a sleepy fishing village, Santa Teresa is a fast-emerging tourism
destination with a surprisingly diverse international community of
native Costa Ricans, Israelis, Italians, North Americans, and everyone
in between. “It’s a great place to buy an investment property for
vacation rentals,” notes Pecher. “We have clients who come back every
year to rent vacation homes.”
Check out Costa Rica on a Surfing Vacation
A great way to come check out Costa Rica’s real estate possibilities is on one of
Del Mar Surf Camp’s
Costa Rica surf vacation packages or yoga-surf retreats. Based on
Hermosa Beach on Costa Rica’s Central Pacific Coast, just south of the
bustling beach town of Jacó, Del Mar Surf Camp specializes in surf
vacations, yoga-surf retreats, and day surf lessons for adults, women
only and families. They offer locations on Nosara Beach, Santa Teresa
Beach and Hermosa/Jaco beaches, for beginners, intermediate or advanced
surfers.
Del Mar Surf Camp offers new
Summer Specials packages, with great discounts, to celebrate their 10
th anniversary in 2013. Domestic flights and transfers to all of Del Mar’s locations are included in all surf vacation packages.
By Shannon Farley