Costa Rica: House Prices, Rents, and Rental Yields
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Excellent yields of 8.05% in San Jose
| Last Updated: Nov. 24, 2008 | |||||
| ALAJUELA AND HEREDIA - Houses |
COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 120 sq. m. | 87,480 | 551 | 7.56% | 729 | 4.59 |
| 240 sq. m. | 190,080 | 1,079 | 6.81% | 792 | 4.50 |
| 450 sq. m. | 447,750 | 1,989 | 5.33% | 995 | 4.42 |
| GUANACASTE AND PUNTARENAS - Condos |
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| 120 sq. m. | 283,920 | n.a. | n.a. | 2,366 | n.a. |
| 230 sq. m. | 580,980 | n.a. | n.a. | 2,526 | n.a. |
| GUANACASTE AND PUNTARENAS - Houses |
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| 125 sq. m. | 237,625 | n.a. | n.a. | 1,901 | n.a. |
| 180 sq. m. | 297,540 | n.a. | n.a. | 1,653 | n.a. |
| 250 sq. m. | 400,000 | n.a. | n.a. | 1,600 | n.a. |
| 450 sq. m. | 755,100 | n.a. | n.a. | 1,678 | n.a. |
| SAN JOSE – Condos | |||||
| 120 sq. m. | 192,240 | 1,130 | 7.06% | 1,602 | 9.42 |
| 240 sq. m. | 292,080 | 2,117 | 8.70% | 1,217 | 8.82 |
| 470 sq. m. | 645,780 | 4,521 | 8.40% | 1,374 | 9.62 |
| SAN JOSE –Houses | |||||
| 180 sq. m. | 186,120 | 1,229 | 7.93% | 1,034 | 6.83 |
| 300 sq. m. | 337,800 | 1,947 | 6.92% | 1,126 | 6.49 |
| 580 sq. m. | 729,640 | 3,729 | 6.13% | 1,258 | 6.43 |
| San Jose: Escazu and Santa Ana Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Condominiums in the cities preferred by expatriate residents in the province of San Jose (Escazú and Santa Ana) enjoy excellent average rental yields of 8.05%. Houses in the same cities enjoy somewhat lower yields, as would be expected, but higher average rental yields, at 6.99%, compared to the neighboring cities of Alajuela and Heredia, where houses earn average rental yields of 6.57%.
The coastal provinces of Guanacaste and Puntarenas have the highest square metre prices in the country. The average price/sq. m. of condominiums in Guanacaste and Puntarenas is US$2,446. Houses sell for an average price/sq. m. of US$1,708. However for these provinces, the scarcity of rental properties available long-term means that the Global Property Guide’s research team is unable to reliably determine a typical rental figure.
Square metre prices for houses in Alajuela and Heredia province were the lowest found by the Global Property Guide, with price/sq. m. of US$839. This is despite their proximity to country’s capital city, San Jose, and also to the expatriate-oriented cities in San Jose Province, Escazú and Santa Ana, where the price/sq. m. of houses averages US$1,139.
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