We are in high season here in the southern pacific zone. The months of November through April are typically when there are more tourists here than during the rainy months.

There is another type of “high season” happening right now as well. This has more to do with world conditions. I know, those from the States are going to think that Mr. Trump is pushing many to look elsewhere. And I suspect that this is true to some extent. I think that Mr. Trump has been good for my Costa Rica real estate business. I think Mrs. Clinton would have been as well. Such is the world that we live in.

However, our property buyers here are not just from the States. We’ve got buyers from Canada, despite their currently weak currency. These people are buying property and essentially paying 30% – 40% more due to the exchange rate on their currency. One has got to wonder – why?

France, Germany, Great Britain – all are providing us here with buyers. Again: why? There are economic, political and security issues happening in various areas of the world. I suppose that greater analytical minds would come up with the cause and effect links in trying to answer the question. But I find that there is one common thread when I talk with these people.

The Reason:
Stress
is pushing, and the promise of less stress, is pulling people to consider a life in Costa Rica. Simpler living is highly attractive. Costa Rica offers this and it (simple living) seems to be the antidote to whatever may be happening in one’s home country.

Uvita, Dominical, Ojochal and the surrounding areas that make up Costa Rica’s southern pacific zone are all seeing an influx of buyers. But there is more. There are some big-money players who are making some moves here that are notable. There are condominium complexes being constructed, and sold at a good clip. There are town homes, urbanization projects and upgrades to some of the antiquated infrastructure in some of these areas.

There is some talk of giving Uvita a facelift. This is much needed. With both Dominical and Ojochal, you turn off the coastal highway and drive into the town. In Uvita, the highway passes right through the town. Up till now its growth has happened with hardly any attention to the aesthetic and it is essentially a strip-mall, Costa Rican style.

This is a pity since Uvita could really have been (or be made to be) one of the most beautiful towns on the planet. So if these well funded entities see the beautifying of the town as in their best interests, great! Although it’s hard to imagine what can be done, short of tearing the whole thing down and starting over again.

The Envision Festival is going on currently. This has become one of the largest events of the year. Kudos to the organizers. I’ve heard that 7,000 people attended last year, but that about half that number are here now.

Uvita Costa Rica's Crunchy Envision Festival

2017 Envision Festival Uvita Costa Rica

Some of the Ticos complain a bit about Envision, claiming that the drugs, nudity and general licentiousness is disrespectful to their culture. I suspect that there is some truth to these allegations, but for me, I’ve never met an Envisioner I didn’t like and the festival provides a time of some fascinating people watching.

I’ve not  personally ever attended. I can hear the music from my home well, the bass notes anyway, and I routinely provide rides to those thumbing to the grocery store and back. There is also the complaint of them being a bit odoriferous, but I can’t speak to this having lost my olfactory sense some years back. So I get along fine with them in my car and always enjoy their upbeat spirit.

So between the time of year and world conditions, sales are good here in the Zone’s real estate market.

About Property Prices:
During the recession, there was not much of a market here. It hit hard and us realtors languished waiting for the anomalous inquiry that might result in a sale. I actually got into brokering hard money loans during this time in an effort to not only make a little commission, but to also help some land owners to not lose their properties.

Prices plummeted during the recession. This was an interesting time. The pre-recession time was a “boom”. The biggest challenge for a buyer then was being able to find an available real estate agent. I felt like I should put a Baskin Robbins “take a number” device at the door. Some of these buyers were our good-old bread and butter retirees, looking to retire to Costa Rica. However, there were lots of folks who refinanced their homes and then found themselves cash-rich and wondering what to do with it. The causes of the recession helped to fuel some of that heady boom and resulted in pushing prices up to a rather silly level.

So the fall of pricing some 40% – 50% during the recession could appropriately be called a correction.

Much of our land here is still at recession pricing. There hasn’t been a big upward push on prices since then. The demand for houses is strong and so we’re starting to see some upward movement there – all very rational though. This is no heady boom. Its simply that the inventory which was glutted post-recession, is finally starting to get mopped up. This was inconceivable in the years following the recession due to the glut.

I still get asked sometimes why it seems that everything is for sale. I find this interesting since I have to really work to find properties for some of the criteria lists I build for my clients.

Yes, I suppose everything is, in fact, for sale, at some price. However, finding what you want, finding that screaming ocean view with good access and amenities nearby, and all this in your budget, can sometimes be a bit daunting.

And then there is that wonderful amenity “simplicity”. I wonder if this could be put at the top of the list. Right up there with “ocean view”. I’m thinking that this one amenity is the primary mover of the current strong market we’re seeing here in The Zone.


Where Is Costa Rica? 13 Million People Want To Know


I know what you’re thinking, “That’s beyond obvious, Mr. Guy In The Zone.” For those who tune into this blog on a regular basis, I agree… BUT, did you know that the search term “Where Is Costa Rica” gets over 13 million global monthly Internet searches? Two things came to mind when I saw this statistic—

  1. The Pura Vida Buzz, a phenomenon I will expand upon below
  2. Rising Interest in Vacation and Retirement
Costa+Rica+Secret+Beach

Searching for Costa Rica…?

The Pura Vida Buzz — The last time I asked the question “Where is Costa Rica?” I was waaaaay back in college.  My roommates were surfers, and they mentioned Costa Rica as a possible surf destination.   Search engines weren’t as populated with information in the early-90s, but there were a few travel books in the local bookstore.  The thing I remember jumping out at me was the color green.  Whether it was the frogs, the jungle, or the aerial views… every page seemed to jump off the page with the verde.  It took me seven years to actually make it to Costa Rica, and I was happy to find that it was as good as advertised.

where+is+costa+rica+map

Where is Costa Rica?

For those people still waiting for an answer to the question Where is Costa Rica?, I have attached a map>>>.  Costa Rica should not be confused with Puerto Rico.  Puerto Rico is an island; some refer to as the 51st State in the Union.

Costa Rica is a small country (by U.S. standards) It is bordered  by two countries, Panama to the south and Nicaragua to the north.  (Interestingly, “where is Nicaragua” garners 1/5th as many monthly, global Internet searches.)  Needless to say, Costa Rica is about the size of Vermont and New Hampshire combined, just with much warmer water.

13,600,000 global monthly searches tells me that Costa Rica continues to spark a curious flame in the hearts and minds of people from around the world.   “In part, the interest must be driven by the influx of nature shows on television and articles in print.  Without question, Costa Rica is at (or near) the top of every eco-tourism list.  Top surf destinations around the world…? Costa Rica is on that list.  Top Places to Retire…? Costa Rica is on that list.  Happiest Planet Index…? Costa Rica tops that list, and there are compelling reasons.

Vacation and Retirement — There are many reasons why Costa Rica is an appealing travel destination—warm weather, intense bio-diversity, adventure activities (think- deep sea fishing, ziplines, rafting, surfing), friendly people, easy to get to,  relatively affordable to get to, many luxury options, and so much more.  People experience so many “firsts” in Costa Rica, it makes sense why it tops the lists of friends and family.

Clearly, everyone who considered buying land in Costa Rica visited first.  That vacation probably got the wheels turning and led to a subsequent trip.  If our current real estate listings are any indicator, there are many people who purchased raw land (think- a large lot without a house) before or during the boom.  Land options outnumber houses by more than 2:1.  That being said, we have seen a major increase in demand for houses and that category on our site is growing faster than any other.  (If you don’t see what you want, keep checking as I’m adding new listings every week.)

As I mentioned in my article Why Baby Boomers Are Buying Real Estate In Costa Rica, there are reportedly more than 20,000 retired expats in Costa Rica. I would guess that number is in fact more than double given the fact that most expats, effectively living in Costa Rica, do not have their residency (yet). I expect the number of retire in Costa Rica searches will increase as the number of retiring Baby Boomers increases.  The bottom line is the same reasons that make Costa Rica a great place to visit make it a great place to retire.

I recommend our beautiful area of Costa Rica (The Zone) to visitors and relocators without reservation.  But, the only way you can make this discovery is if you turn off the iPhone and the television… and come on down.


About Tigre

My first visit to Costa Rica was in 2002. I immediately fell in love with the warmth of the climate and people. After spending two weeks in San Jose, Puerto Viejo on the Caribbean side, and Tamarindo in Guanacaste, I knew there was a good chance I would return sooner than later. Sooner came just 6 months later when my uncle mentioned he was flying down to Costa Rica to close on a piece of property in the Southern Pacific Zone. On that trip I found my own piece of paradise above the small town of San Buenaventura, home to the San Buenas Golf Resort. Two years and 8 trips later, I decided to move to Costa Rica full time. Every day I am thankful for that decision.