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Nov 05, 2015

Landlords get good returns in Costa Rica


Last Updated: Nov. 05 2015
ALAJUELA AND
HEREDIA - Houses
COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
180 sq. m. 168,300 983 7.01% 935 5.46
400 sq. m. 466,800 2,564 6.59% 1,167 6.41
GUANACASTE AND
PUNTARENAS - Condos
120 sq. m. 211,440 n.a. n.a. 1,762 n.a.
GUANACASTE AND
PUNTARENAS - Houses
120 sq. m. 148,800 n.a. n.a. 1,240 n.a.
200 sq. m. 367,000 n.a. n.a. 1,835 n.a.
400 sq. m. 630,800 n.a. n.a. 1,577 n.a.
SAN JOSE – Condos
75 sq. m. 137,475 905 7.90% 1,833 12.07
120 sq. m. 194,640 1,102 6.79% 1,622 9.18
300 sq. m. 421,500 2,637 7.51% 1,405 8.79
SAN JOSE –Houses
200 sq. m. 235,800 1,278 6.50% 1,179 6.39
350 sq. m. 486,850 2,828 6.97% 1,391 8.08
700 sq. m. 1,013,600 5,502 6.51% 1,448 7.86
San Jose: Escazu and Santa Ana
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Gross rental yields on residential property in Costa Rica remain generally healthy, at around 6.5% to 7.9%.   Our research suggests that these returns are slightly below what one would have expected 5 or 10 years ago, but not much less.  These are quite good returns for landlords, even when costs such as taxes and other costs are subtracted from the gross figures.

We have not found much difference in returns between different types of properties. However, our research tends to concentrate on the higher end of the market, and as in most residential markets around the world, even higher rental returns are likely to be obtainable on smaller properties in less-desirable areas - though of course these properties are likely to be more trouble to manage.






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