Costa Rica: House Prices, Rents, and Rental Yields

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Last Updated: Nov 09, 2007

Yields are good in Costa Rica at 6.6% to 9.2%

			Last Updated: Nov. 09, 2007
SAN JOSE ¹- Condominiums	COST (US$)		YIELD (p.a.)	PRICE/SQ.M. (US$)
SAN JOSE ¹- Condominiums	TO BUY	MONTHLY RENT	YIELD (p.a.)	TO BUY	MONTHLY RENT
120 sq. m.	150,600	1,158	9.23%	1,255	9.65
200 sq. m.	291,200	1,852	7.63%	1,456	9.26
300 sq. m.	430,800	2,649	7.38%	1,436	8.83
350 sq. m. & above	852,600	n.a.	n.a.	2,436	n.a.
SAN JOSE ¹ - Houses
150 sq. m.	141,300	984	8.36%	942	6.56
250 sq. m.	247,000	1,798	8.73%	988	7.19
350 sq. m.	399,350	2,566	7.71%	1,141	7.33
450 sq. m.	606,150	n.a.	n.a.	1,347	n.a.
550 sq. m.	825,000	n.a.	n.a.	1,500	n.a.
650 sq. m.	1,065,350	n.a.	n.a.	1,639	n.a.
700 sq. m. & above	1,206,800	n.a.	n.a.	1,724	n.a.
ALAJUELA AND HEREDIA - Houses
100 sq. m.	87,400	553	7.59%	874	5.53
200 sq. m.	187,800	1,132	7.23%	939	5.66
300 sq. m.	336,900	2,064	7.35%	1,123	6.88
400 sq. m.	462,000	2,540	6.60%	1,155	6.35
500 sq. m.	645,000	n.a.	n.a.	1,290	n.a.
550 sq. m. & above	1,009,800	n.a.	n.a.	1,836	n.a.
PUNTARENAS AND GUANACASTE - Condominiums
65 sq. m.	138,125	n.a.	n.a.	2,125	n.a.
120 sq. m.	347,280	n.a.	n.a.	2,894	n.a.
165 sq. m.	449,130	n.a.	n.a.	2,722	n.a.
200 sq. m. & above	551,400	n.a.	n.a.	2,757	n.a.
PUNTARENAS AND GUANACASTE - Houses
85 sq. m.	223,295	n.a.	n.a.	2,627	n.a.
150 sq. m.	427,800	n.a.	n.a.	2,852	n.a.
220 sq. m.	526,680	n.a.	n.a.	2,394	n.a.
300 sq. m.	866,100	n.a.	n.a.	2,887	n.a.
400 sq. m.	1,377,600	n.a.	n.a.	3,444	n.a.
460 sq. m. & above	1,556,180	n.a.	n.a.	3,383	n.a.
¹ ESCAZU AND SANTA ANA Source: Global Property Guide

Alajuela and Heredia, bordering Nicaragua., have good yields at the average of 7.2%. The 100 sq. m. house category has the highest yields at around 7.6%. As the size of the house increases, yields decrease. Per sq. m. prices are relatively cheap at around US$1,203.

Condominiums and houses in Escazu and Santa Ana in the province of San Jose have higher yields. In Escaza, the average gross rental returns on condominiums is around 8%. This can go as high as 9.23% on 120-sq. m. units. Santa Ana houses have slightly higher yields at around 8.3%.

There are no yields figures for properties in Puntarenas and Guanacaste along the Pacific Coast. Condominium prices in these areas sell for US$2,625 per sq. m., while house prices are around US$2,9931 per sq. m.

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