Costa Rica: good returns for landlords in Costa Rica
| Last Updated: Nov. 16 2016 | |||||
| SAN JOSE PROVINCE | PRICE/SQ.M. (US$) | YIELD (p.a.) | PRICE/SQ.FT. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| San Jose capital city apartments | 1,938 | 12.08 | 7.48% | 180 | 1.12 |
| San Jose capital city houses | 1,199 | 8.62 | 8.63% | 111 | 0.80 |
| Escazu apartments | 1,616 | 10.07 | 7.48% | 150 | 0.94 |
| Escazu houses | 1,258 | 6.75 | 6.44% | 117 | 0.63 |
| Santa Ana apartments | 1,644 | 10.19 | 7.44% | 153 | 0.95 |
| Santa Ana houses | 1,394 | 7.55 | 6.50% | 130 | 0.70 |
| ALAJUELA PROVINCE | |||||
| Alajuela apartments | 1,031 | 6.43 | 7.48% | 96 | 0.60 |
| Alajuela houses | 928 | 5.30 | 6.85% | 86 | 0.49 |
| Atenas houses | 1,177 | 5.69 | 5.80% | 109 | 0.53 |
| Grecia houses | 853 | 4.76 | 6.70% | 79 | 0.44 |
| HEREDIA PROVINCE | |||||
| Heredia apartments | 1,368 | 7.34 | 6.44% | 127 | 0.68 |
| Heredia houses | 966 | 6.07 | 7.54% | 90 | 0.56 |
| Belen apartments | 1,691 | 10.89 | 7.73% | 157 | 1.01 |
| Belen houses | 1,145 | 5.39 | 5.65% | 106 | 0.50 |
| San Jose: Escazu and Santa Ana Source: encuentra24 Definitions: Data FAQ See also: Update Schedule |
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There are good rental returns to be had in Costa Rica. San Jose houses generate on average 8.6% returns - surprisingly good!
Apartments and houses in San Jose Province, in San Jose city, Escazu and Santa Ana generate around 7.5% returns. There only appear to be minor differences in rates of return between houses and apartments.
Much the same applies in Heredia province, and in Alajuela. These returns are slightly below what one would have expected 5 or 10 years ago, but not much less.
Our research concentrates on the market's higher end. Rental returns are likely to be higher on smaller properties in less desirable areas.