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Nov 16, 2016

Landlords get good returns in Costa Rica


Last Updated: Nov. 16 2016
SAN JOSE PROVINCE COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
San Jose capital city apartments 1,938 12.08 7.48% 180 1.12
San Jose capital city houses 1,199 8.62 8.63% 111 0.80
Escazu apartments 1,616 10.07 7.48% 150 0.94
Escazu houses 1,258 6.75 6.44% 117 0.63
Santa Ana apartments 1,644 10.19 7.44% 153 0.95
Santa Ana houses 1,394 7.55 6.50% 130 0.70
ALAJUELA PROVINCE
Alajuela apartments 1,031 6.43 7.48% 96 0.60
Alajuela houses 928 5.30 6.85% 86 0.49
Atenas houses 1,177 5.69 5.80% 109 0.53
Grecia houses 853 4.76 6.70% 79 0.44
HEREDIA PROVINCE
Heredia apartments 1,368 7.34 6.44% 127 0.68
Heredia houses 966 6.07 7.54% 90 0.56
Belen apartments 1,691 10.89 7.73% 157 1.01
Belen houses 1,145 5.39 5.65% 106 0.50
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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