About real estate development in Guanacaste and Nicoya

In recent years the real estate market on the northern Pacific coast has been booming. Particularly the areas from Tamarindo up north to the Gulf of Papagayo have been subject to a huge influx of foreign investment and therefore been confronted with increases of up to 300% over the last 3 years. The expansion of the international airport in Liberia and the easy access from that airport to the nearby beaches has created a situation where this increase in foreign investment has led to extremely high land prices in the area.

The Nicoya Peninsula has not yet followed the development as seen at the Northern Pacific area and only recently it has caught the eye of investors. With the strongly improved access from Liberia Airport and San Jose (the recently opened Tempisque bridge), the peninsula with particularly the beach areas of Samara and Carrillo are expected to be the next hot spots. Even though the prices of ocean view lots doubled in the last 2 years in this area, the prices are still very low and therefore very attractive to foreign investors. In contradiction to the northern beach areas it is expected that investing in this area will be extremely lucrative within the next 2 to 3 years.