With 2013 behind us, the team at Costa Rica Real Estate dot COM (CRREC) are preparing for a tidal wave of activity as the real estate market begins to surge.
Early indications are displaying a spike in interest towards this tiny Latin American nation of just over 4.5 million. The country boasts a thriving expat community of over 200,000 and growing which certainly contributes to rising trends in real estate.
“We made the move in early 2013 and never looked back. No “Polar Vortex” here!” said Jeremy Stocks, one happy real estate buyer.
As temperatures drop to record lows across the United States and Canada, more people are becoming intrigued at the idea of having an escape – a place in the sun.
“There’s no denying the impact of such a cold winter back home and how that impacts the real estate sector here. We’ve seen an incredible influx of foreign investment in to the country as a result and anticipate that this trend will continue through 2014.” stated Don Halbert, CMO of CRREC.
Many factors are at play for everyday individuals who begin to consider the idea of becoming “Snowbirds” or even permanent expats. According to an official with the renown international living organization EscapeArtist, the top considerations for people considering the move abroad as follows:
1. Safety and security
2. Access to quality medical services
3. Cost of living
4. Accessibility [to the US and Canada]
5. Democratic stability
Scoring high on all of them is Costa Rica which makes it appeal to a broader audience than it’s neighboring countries.
With constant media mentions on Costa Rica’s viability as a top retirement destination and also a popular tourist sector, the stock value on the Latin American market for the country is on the rise.
“Immediately when we entered the first quarter of 2014 we knew that this trend of foreigners escaping the cold and opting for a warmer climate was going to continue. Inventory on homes for sale in Costa Rica has been limited — at least those near the beach — however we anticipate move inventory as developers come to market with condos and properties around the country.” said Mark Maclean, a sales representative with Mar Vista, a gated community situated along the Gold Coast.
Reporting from all across the country, real estate agencies are echoing the same sentiments for the 2014 season.
For authoritative up to date information on buying and selling real estate in Costa Rica visit www.costaricarealestate.com or by calling toll-free at 1-888-414-1836.
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