Global Property Guide

Financial Information for Residential Property Buyers


Costa Rica: good returns for landlords in Costa Rica

Last Updated: November 16, 2016

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 good rental returns to be had in Costa Rica. San Jose houses generate on average 8.6% returns - surprisingly good!

Apartments and houses in San Jose Province, in San Jose city, Escazu and Santa Ana generate around 7.5% returns. There only appear to be minor differences in rates of return between houses and apartments.

Much the same applies 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.

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

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