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Rental Yields
 
Nov 16, 2009

Costa Rican property does not enjoy great yields

Last Updated: Nov. 16, 2009
ALAJUELA AND
HEREDIA - Houses
COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
150 sq. m. 113,550 704 7.43% 757 4.69
250 sq. m. 190,750 795 5.00% 763 3.18
450 sq. m. 428,850 1,643 4.60% 953 3.65
GUANACASTE AND
PUNTARENAS - Condos
175 sq. m. 367,675 n.a. n.a. 2,101 n.a.
GUANACASTE AND
PUNTARENAS - Houses
150 sq. m. 230,675 n.a. n.a. 1,537 n.a.
250 sq. m. 378,750 n.a. n.a. 1,515 n.a.
450 sq. m. 684,000 n.a. n.a. 1,520 n.a.
SAN JOSE – Condos
120 sq. m. 198,120 1,183 7.17% 1,651 9.86
200 sq. m. 264,600 1,352 6.13% 1,323 6.76
280 sq. m. 346,640 2,145 7.42% 1,238 7.66
SAN JOSE –Houses
175 sq. m. 178,500 1,407 9.46% 1,020 8.04
300 sq. m. 346,550 2,451 8.49% 1,155 8.17
450 sq. m. 647,550 3,231 5.99% 1,439 7.18
650 sq. m. 1,024,400 5,265 6.17% 1,576 8.10
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Condominiums in the cities preferred by expatriate residents in the province of San Jose (Escazú and Santa Ana) continue to enjoy reasonable yields, at 6.9%. Houses in the same cities can enjoy good yields in the lower sizes.

In both cases, as in previous years, average rental yields here are higher here, than in the neighboring cities of Alajuela and Heredia.

The coastal provinces of Guanacaste and Puntarenas have the highest square metre prices (sq. m.) in the country. Average price/sq. m. prices of condominiums and houses in Guanacaste and Puntarenas seem to have dropped somewhat since last year, with a fall of around 10% to 15%

The Costa Rican colon is semi-pegged to the United States dollar in a currency band, and is currently at US$1= ¢553.






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