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Nov 16, 2016

Good earnings for landlords in Costa Rica


Last Updated: Nov. 16 2016
SAN JOSE PROVINCE PRICE/SQ.M. (US$) YIELD (p.a.) PRICE/SQ.FT. (US$)
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: encuentra24 Definitions: Data FAQ See also: Update Schedule

There are great rental returns to be had in Costa Rica:

  • San Jose houses generate on average 8.6% returns - surprisingly good!
  • Apartments in San Jose Province, San Jose, Escazu and Santa Ana generate around 7.5% returns. Those are great returns, given apartmentsī generally lower maintenance costs. Much the same applies in Belen in Heredia province, and in Alajuela.

These returns are slightly below what one would have expected 5 or 10 years ago, but not much less.

There seems little difference in what you can earn from different property types.

Our research concentrates on the marketīs higher end. Rental returns are likely to be higher on smaller properties in less-desirable areas.






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