[daveJ]

Thanks Scott. I didn’t mean to come across offensive. Forgive me. I just thought the most likely countries would be the US and Canada given the location. I was not aware of the European and Latin American influence. The Europeans certainly do have better retirement and vacation options than us Americans! 🙂

[daveJ]

Thanks guys.

This all makes a lot of sense. Sounds like relocating and working in CR is not a straightforward process.

What then fuels the real estate market in CR? Is it mostly baby boomers looking to retire? For whatever reason, it seems like the demand for vacation homes/investment properties would be limited for Americans?

For example, as a white collar NY professional, it would take me about 10 hours to get from NYC to Manuel Antonio (for example). So, for me (and probably many others), a weekend getaway is not realistic due to time. Perhaps I could spend 1 week a year on vacation. 2 max.

For me, investing in CR real estate for me would be 98% an investment play since I would only be there 2% of the time. But if most of the other people in the market are like me, the only thing that can drive RE prices up would be increase in demand from retirees and increase amount of tourist looking to rent out homes/condos.

Is there any analysis that shows these drivers and how they effect the RE market in CR?

Things like a new marina in Quepos are nice, but the average Costa Rican does not make enough money to afford RE in the in the hot spots. That makes the markets driven almost entirely by foreign investment, correct?

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