Real Estate Growth in Costa Rica

According to the Colegio Federado de Ingenieros y de Arquitectos de Costa Rica in 2007 Costa Rica saw 8,500,000 square meters of new construction which employed about 152,000 people.

The most active and dynamic region is San Jose which showed growth of 25% followed by Guanacaste with 19% and Puntarenas with 18%.

1. San Jose – Escazu, San Jose & Santa Ana = 2,126,993M2
2. Guanacaste – Santa Cruz, Carrillo & Liberia = 1,591,958M2
3. Puntarenas – Garabito, Aguirre & Puntarenas = 1,522,047M2
4. Alajuela – San Carlos & Alajuela = 1,280,722M2
5. Heredia = 955,810M2
6. Cartago – La Union & Cartago = 598,110M2
7. Limon – Pococi, Guacimo & Limon = 389,471M2

With 4,754,804M2 residential real estate in Costa Rica represented 55% of the growth last year.

Offices, strip malls, stores, restaurants and others made up 1,486,804M2 and industrial 643,081M2 with wall, parks, farm buildings 19%.

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Written by Scott Oliver, author of How To Buy Costa Rica Real Estate Without Losing Your Camisa and Costa Rica’s Guide To Making Money Offshore.

Andrew Makarik

to@welovecostarica.com

Andrew Makarik is the main editor of WeLoveCostaRica, a fan of this sunny country. He is also a loving husband and a has a lovely daughter. By being a devoted family man and the biggest Costa Rica fan, he wants to make more people feel at home there. WeLoveCostaRica unites people and helps them find new home or a new travel destination. This website is a friendly community where everyone can find not only information, but also new friends and travel pals. Andrew is also passionate about IT and programming, so he himself maintains a friendly atmosphere in this cozy environment of WeLoveCostaRica.com.