Going on vacation to Costa Rica? Want to rent a condo while you are there? Our guide to condo rentals in Costa Rica gives you the facts & information you want to know.
Costa Rica is one of the most popular tourist destination in central and South America with hundreds of thousands of tourists setting foot on this Central American natural paradise every year. With such a well developed and popular tourism industry it was only a matter of time before a property boom took place in Costa Rica and indeed, this is what has been happening for the past few years. In many property hotspots across Costa Rica property prices have soared by as much as 100% over the past five years. Not surprisingly, many of the biggest profits in the Costa Rica real estate boom have been seen by those who invested in building condos in Costa Rica. The simple reason for this is that it is possible to build several condos on one plot of land rather than building a villa and sell each condo separately.
Rental Property in Costa Rica
At the same time, there is an increasingly large number of people from the US, Canada and Europe who are looking to buy second homes in Costa Rica where they can come and enjoy life for at least a couple of months each year. For such people who want a permanent base in Costa Rica but may not want to put al their eggs there and stay there permanently, buying a condo in Costa Rica is the best bet. When they are not in Costa Rica they can always rent out their condo to people on vacation for only a few weeks or so.
Currently there are a diverse range of people interested in buying condos in Costa Rica and by no means is the market restricted to high flying property tycoons. Everybody from young city workers to baby boomers approaching retirement are getting in on the real estate boom in Costa Rica and investing in Condos which they can then let out for rental.
Costa Rica Condo Rental Location
The prices of condo rentals in Costa Rica vary largely depending on location. The closer the condo is to the beachfront the higher the asking price for rental. Conversely, some excellent deal can be obtained on condo rentals in inland Costa Rica where one can enjoy the glorious beauty of the rolling hills, rainforest and volcanoes of Costa Rica.