Introduction
Costa Rica, often hailed as the jewel of Central America, has long been a sought-after destination for travelers and retirees alike. With its stunning beaches, lush rainforests and abundant wildlife, it's no wonder Costa Rica has captured the hearts of many. However, there is a hidden gem in this tropical paradise that is gaining increasing attention among savvy investors and those looking for their dream home: the mountainous area of Grecia. Located in the center of Costa Rica, Grecia offers a unique combination of natural beauty, rich culture and unparalleled real estate opportunities.
In this article, we will explore the main reasons why to invest in real estate in the mountains of Greece right now.
1. Breathtaking natural beauty
Imagine waking up each morning to panoramic views of green and blue mountains, wide open skies, singing birds and lush rolling hills. Greece offers a serene and picturesque setting that is the perfect antidote to the hustle and bustle of urban life. It generates much inner peace, inspiration and relaxation. The fresh mountain air and cool climate make it an ideal location for those seeking a tranquil space.
Affordable real estate, particularly in the mountainous area of Greece.
While many people associate Costa Rica with luxury properties, Greece's real estate market is remarkably affordable compared to other regions of the country. Whether you are looking for a cozy mountain cabin or a spacious villa, you will find properties that fit your budget. Greece's low property taxes and cost of living are additional financial incentives for buyers.
While an apartment of about 86 m2 in Escazú built in 2020 costs about $180,000, in Condominio el Canal a new apartment ofabout 88 m2 costs $165,900. In Escazú we are talking about an area with a higher cost of living, a lot of traffic but access to schools, restaurants, movie theaters and others. In the Canal the cost of living is lower, there is no traffic, there are schools and restaurants (the gastronomic scene is starting to grow), but you have amenities within the same condominium of great diversity and high quality.
3. Strong resale value
Investing in real estate in the mountainous area of Greece isn't just about finding your dream home; it's also a smart financial move. The growing popularity of the region means that property values are rising. By investing now in 2023, you can expect your real estate asset to appreciate steadily over time, making it a solid long-term investment.
4. Peaceful and united community
One of the most outstanding features of the Greece mountain area is its close-knit community. Whether you're a retiree or a family looking to settle down, Greece offers a warm and welcoming environment. You'll quickly become part of a community that values social connections, making it an excellent place to build lasting relationships. Condominio El Canal encourages and organizes activities to keep the community together: we have organized the Sports Festival a couple of times a year so that the users of the different amenities (basketball court, skateboard court, semi-Olympic pool and so on) can break the psychological barrier and get involved in sports. Soon we hope to inaugurate a communal vegetable garden and a mountain biking track, among other recreational activities that integrate people with each other and with the natural space.
5. Diverse experiences
Grecia is not just about serene mountain living; it also provides easy access to a wide range of experiences. You can explore nearby coffee plantations, visit charming local markets or take a short drive to San Jose, the capital, for cultural and gastronomic experiences. Adventure seekers can enjoy hiking and exploring the country's natural wonders.
6. Strong investment potential
The Costa Rican government actively encourages foreign investment, making the buying process simple for international buyers. In addition, the country's stable political climate and solid infrastructure make it a safe and attractive destination for real estate investment.
7. Sustainable living
Costa Rica is known for its commitment to environmental conservation and the mountainous area of Grecia is no exception. Many properties in the area are designed with eco-friendly features, such as solar panels and rainwater harvesting systems. Choosing to invest in Grecia allows you to live in harmony with nature while minimizing your environmental footprint.
8. Early investment advantage
The Costa Rican real estate market, including the mountainous area of Grecia, is on the verge of significant growth. By buying now, you position yourself as an early investor, which often translates into better property options and more favorable prices. As demand continues to increase, property options may become limited, so today is the right time to secure your ideal piece of paradise.
9. Preserving authenticity
The charm of Greece's mountainous area lies in its authenticity and unspoiled beauty. Buying property in the region now ensures that you experience the unique culture, tranquility and pristine landscapes before mass tourism and development change its character. Buying early allows you to enjoy the unspoiled beauty of Greece for many years to come.
10. Competitive financing options
As the Costa Rican real estate market gains momentum, financing options become more competitive. Lenders often offer attractive terms to attract buyers during the early stages of a market surge. By securing your property now, you can access favorable financing terms, making your investment even more attractive. Condominio el Canal works in conjunction with most banks for different financing options.
11. Limited supply of premium properties
Premium properties, such as those with exceptional views, spacious lots or unique architectural designs, are in high demand. Buying in the current year allows you to choose from a wide selection of premium real estate options. These properties are likely to appreciate quickly, making them lucrative investments. In the Canal we have a couple of designs that classify as premium, from a 5-bedroom 318 m2 penthouse apartment for $683,300, to a 173 m2 3-bedroom apartment for $288,500.
12. Maintaining safety
Costa Rica is known for its security and political stability. However, as tourism and development gain popularity, some areas may become more crowded and face potential security challenges. By investing in the mountainous area of Grecia now, you ensure a quiet and safe environment for your family, without worries about overcrowding and security issues.
13. Take advantage of favorable exchange rates
International buyers often benefit from favorable exchange rates when purchasing property in Costa Rica. By acting promptly, you can take advantage of these favorable exchange rates, ensuring that your investment stretches even further.
14. Potential rental income
If you don't plan to reside in your property full time, investing now allows you to enter the growing rental market. The mountainous area of Greece is increasingly popular with tourists (also locals) looking for authentic experiences or city breaks. By investing early, you can establish your rental property and take advantage of the growing demand for vacation accommodations.
15. Capitalize on infrastructure development
Costa Rica continues to invest in improving its infrastructure, including roads, utilities and other services. By investing early, you benefit from these infrastructure improvements, which not only increases the convenience of living in Greece, but also boosts property values over time.
Conclusion: it is a good time to invest in the mountainous area of Greece.
In summary, the current year 2023 presents a unique window of opportunity to invest in real estate in the mountainous area of Grecia in Costa Rica. By acting now, you can secure your dream property, preserve its authenticity, enjoy favorable financing terms, and protect yourself against potential future challenges, such as inflation and security concerns. Don't wait for the market to mature; take advantage of the advantages available today and make your investment in Costa Rica's hidden gem before it becomes more expensive and crowded.
