Can I make money renting my property in Costa Rica?

In almost every development, the breakdown of ownership is about the same. One third of all the owners live there fulltime; they are Ex Pats who have made paradise their permanent residence. One third of them are your typical snowbirds; they spend 3 to 6 months a year here, when the weather turns in North America, and then spend the summer months back home. Some of them rent their properties when they go back north, but many of them just lock the door and leave. They don’t need the money and don’t want anyone “sleeping in their bed.” The last third don’t live here at all. They either have a 3 to 5 year plan to becoming one of the first two, or they have no intention of ever living here at all, they just own the property as an investment. They come down as often as they can, depending on their lifestyles and their incomes, and they rent the property the rest of the time.

So, can I make money renting my property in Costa Rica?

Is the market coming back?

Updated:  February 6th, 2017

For the last 4 years, we have seen a huge increase in sales every year from the previous year. Last year we did more transactions than the 3 previous years combined.  So what is driving the market you ask?  I think it’s a combination of a few things.

First of all, many of our clients have been planning to come to Costa Rica for years.  When the economy took a turn they put their plans on hold.  But after 4 or 5 years things are looking better in much of the USA and people are turning the attention again towards paradise. They don’t want to wait anymore.  Many people, even though they may have less money in their retirements than they had hoped for or had before the economic crash, are still putting their “5 year plans” to work.  So we are seeing many buyers coming here now that have told me they are tired of waiting and just want to make it happen now.