Costa Rica Real Estate June 2024 Trends | Guanacaste

Let's discuss the Guanacaste, Costa Rica real estate market as of June 2024! It's been a while since I've been able to post and I've appreciated folks reaching out to me to see how things are going.
(Yes, I'm sorry to say that I'm mourning! And more than ever I'll be motivated on my most important real estate deal in 2024, preserving 187 acres of forest in perpetuity. Contact me directly if you're interested in supporting that conservation project; we are about 50% of the way to our goal!)
This is meant to be a quick overview of some important Costa Rica real estate trends - and specifically what I'm seeing in Guanacaste - in June 2024. It is not absolutely comprehensive nor do I intend to say this is all that's happening!
Contents:
00:00 Let's Get Started!
01:04 Spanish Introduction
02:13 Foreigners and Financing?
04:09 Luxury Prices Finally Cooling
05:24 More Buying + Building
06:26 Construction Continues
07:57 Long-Term Renters
08:25 Renting Before Buying!
Whether you're seeking the ideal piece of land, a stunning condo for you and your partner, or a perfect family home, my channel is your comprehensive resource. We specialize in guiding real estate clients in Guanacaste's most sought-after areas, spanning from Marbella to Playa Flamingo, including Tamarindo, Playa Grande, Playa Potrero, Avellanas, Playa Negra, and many more vibrant communities.
Stay up to date and connect with us over our social media channels:
📸 / costaricamatt
📘 / costaricamatt
Find all the listings on our agency's website:
💼 cbpacificrealty.com/
Over 15 years living and working in this region, my diverse career has included everything from rural development work through Peace Corps to river restoration and the development of a chamber of commerce. I've developed an understanding of Guanacaste that few foreigners have and aim to share my knowledge to empower you in making smart decisions when investing in Costa Rica.
Our content encompasses everything related to Costa Rica real estate, from specific market analyses to informative videos on a wide range of topics. We cover transferring money, corporations, due diligence, inspections and more - not to mention exclusive walkthroughs of exceptional homes and condos for sale.
No matter what your Costa Rica aspirations may be, my goal is to provide the pertinent information you require. Discover your dream property - whether it's a picturesque piece of land, an exquisite condominium, or a cozy family home. We are here to equip you with the insights needed to make the right choices!
#CostaRicaMatt #CostaRicaRealEstate #CostaRicaJune2024
Immerse yourself in a modern virtual tour featuring mesmerizing 360-degree drone flights and stationary 360-degree spheres. Uncover the beauty of our surroundings from every angle and gain a truly immersive experience.
🌐 costaricamatt.com/

[@goferalgaming8765]

Very informative. Thank you for the note on prospective buyers exploring renting, in and around, CR before purchasing.

[@kurt7617]

Good to see you back on the air, Matt! You gave us more confidence in our purchase.
WE LOVE OWNING IN GUANACASTA - so easy, efficient and great in every way! #costaricamatt

[@CostaRicaMatt]

Thanks so much Kurt, appreciate it!

[@loginet1]

Thanks

[@handaferguson]

Great Job!!! Thank You... :-)

[@CostaRicaMatt]

You are welcome; thank you for watching and commenting!

[@diegoramos6233]

In regards to land for sale do a lot of them come with a water letter already in place? Is it difficult to obtain a water letter? I think the term water letter is what it’s called. I could be wrong. I thought that’s what I’ve heard.

[@jerrystewart7080]

Great video and I agree with you about financing a home. What are the closing costs like? I've seen a video where the closing costs were close to $50k for a $600k loan. That's crazy to me, not to mention the interest rate. Do you know what those are currently?

[@CostaRicaMatt]

Unfortunately I can't give a lot of info on that as I haven't asked for specifics from lenders. Part of private or seller financing for foreigners buying properties here is always that it's fairly high risk relative compared to normal loans - non resident foreigners couldn't get any other loans because of the inherent risks. So lenders have to adjust for that by charging rates and "it is what it is," loans that tend to be expensive because of the risk involved.