Considering buying property in Santa Teresa, Costa Rica?
As many have come to learn, Santa Teresa is a charming coastal town that has witnessed remarkable growth in recent years, establishing itself as an excellent location for real estate investment. As a long standing local real estate company in Santa Teresa, we have first-hand experience of the potential Santa Teresa offers for investors. The town's picturesque beaches, verdant vegetation, and hospitable community make it a perfect destination for those seeking a vacation home or rental property. In this article, we will discuss three key elements that make Santa Teresa an attractive location for real estate investment, including its rapid growth, high rental yields, combined with Costa Rica's stable economy.
Over the past five years, Santa Teresa has experienced a massive ~200% increase in tourism, owing to its stunning beaches, lush greenery, and friendly locals. Furthermore, Santa Teresa's reputation as a hub for innovators, artists, and thrill-seekers has drawn people from all over the world. With its rising popularity and the government's commitment to enhancing infrastructure, Santa Teresa is projected to continue expanding, making it an even more desirable location for property investment.
In Santa Teresa, property investors stand to make considerable rental income. According to recent figures, rental properties in Santa Teresa have seen an approximate average yield of 5-10%, surpassing the national average of 6.1%. This implies that investors can expect higher returns on their investment compared to other areas. Moreover, the town's high demand for accommodation, especially during peak seasons, presents investors with an opportunity for premium rates and generating income.
Costa Rica also boasts one of the most stable economies in Latin America, with a 3.5% GDP growth rate in 2020, despite the pandemic. This stability is attributed to the country's robust democratic institutions, diversified economy, and well-educated workforce. As a consequence, Costa Rica has become a foreign investment hotspot, with numerous multinational corporations establishing operations in the country.
In conclusion, we strongly believe that investing in real estate in Santa Teresa and the surrounding areas is a fruitful business decision. With its high rental yields, rapid growth, and stability, the town presents an excellent opportunity for property investors from around the world.
Contact us if you'd like to understand what is not listed on the public real estate marketplaces.
Comments