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Million-dollar Costa Rican homes now sell for half

Thursday, April 11, 2013

The second home market in Costa Rica is changing, with more demand for houses from $250,000 to $500,000.

Previously, the norm was $1 million, but now increasingly Americans are buying houses for half that price and selling them to Europeans, said Hector Delgado, from real estate company Orixon Realty.

Another growing market is buy to rent, as home buyers are looking for ways to secure income and lower investment risks, said Claudia Gonella, of Reveal Real Estate.

Full story (in Spanish)