We are happy to report that progress has been made at breakneck speed with on time delivery planned for December, 2024. There are some fantastic units here still to be had, and we advise to get them now before the price increases come upon completion. Sol Realty has a very close relationship with the developer, so please come see us to schedule a showing and land the very best deal...

On February 23, 2023, the regulation of the Law for the Attraction of Investors, Rentiers (Rentistas) and Pensioners (No. 9.996) was published. The purpose of the regulation is to regulate the tax treatment and the procedure for the authorization of this type of residences, aiming to simplify the procedures for the applicant. Some of the most significant changes with respect to Law No. 9.996 are as...

While sales last month were down in the aggregate, there were still some good sales to be seen if one knew where to look. While these were a hodgepodge of different product, the things all these sales had in common was actually bang for the buck and value. As always, locations were always prime to be sure. Average price ranges were about $1,500,000 and change with newer, undated tropical modern...

This green season has been extraordinarily wet, with incessant tropical lows turning our wonderland a lush fluorescent green, especially notable when the sun peeks out every other day or so. The current market has seen a mix of closed sales of high-value, quality properties only, with asking prices dropping daily across all property categories. Meanwhile, new luxury pre-construction offerings are being...

Costa Rica offers several residency options tailored to different circumstances: 1. Investor Residency: Requires a minimum investment of $150,000 in a Costa Rican business or real estate. Ideal for those starting a business or investing in property. Investment can be in an existing or new business generating at least $2,500 monthly, real estate valued at $150,000 or more, or a Costa Rican...

Last month's activity was marked by extremes on the outer fringes of the market, with both a few very high-end quality properties being put under contract as well as entry-level ones at reasonable valuations. There has also been a flood of new product entering the market, most of which is junk-to-medium grade with still very high prices for the mediocre offerings; apparently, many agents and their sellers...

TAMARINDO REAL ESTATE MARKET REPORT MAY 2024 It's evident that our market has undergone significant shifts since its peak in 2022. While there's still considerable activity, it's more akin to a robust tropical disturbance compared to the hurricane of previous years. Quality properties at reasonable prices continue to attract attention, but the challenge lies in the abundance of overpriced listings,...

Opening the Door to your New Home and Investment Formal Offer via Purchase Sale Agreement: Offers are formalized through a Purchase Sale Agreement. Negotiations: Negotiations occur until a final price is agreed upon. Formal Purchase-Sale Agreement: A formal agreement is drafted during and or after negotiations. Deposit: A deposit is required to secure the agreement, usually around 10% of the...

Despite occasional fluctuations, home prices in the Tamarindo-Flamingo area have shown a consistent upward trajectory in recent years. Factors such as limited inventory, high demand, and low worldwide interest rates since 2008 have contributed to this trend. Equity appreciation from 2008 to 2022 essentially doubled; however, roughly 40% of this uptick occurred between 2020 and 2022, coinciding with the...

Our 2023 market analysis notes 20%-25% sales drop in the aggregate as compared to 2022, this mostly likely being due to rising interest rates, high inflation and geopolitical turmoil. Despite these challenges, activity still remains robust, doubling pre-pandemic levels. Be prepared to navigate market fluctuations in the first three quarters of 2024 with our keen insights and investment strategies; we...