Heredia and Alajuela are attracting investors, while Costa Rica real estate in general is in a bear market state, there are certain areas that are booming.
Alajuela Costa Rica is one such area, this area along with Heredia are confirmed as the fastest growing in the recent period.
Location, location, location. First Alajuela’s downtown, Coyol, La Garita attract developers because they are areas near the industrial zone. Proximity to the Juan Santamaria International Airport (SJO), high availability of land and lower market prices are drawing projects to this area of the country.
Atenas and San Ramon are also areas in the province of Alajuela are seeing excellent growth.
Heredia Costa Rica, called the next Escazu, its proximity to San Jose downtown, convenience of having everything close and its many smaller developed towns and areas higher up the northern rim of the Central Valley, are making this city very attractive for individuals looking to relocate or for investment properties. Heredia newly widened street (Route #3) between the airport and Heredia city center has also had a tremendous effect on accessibility and real east values.
Investment Funds, alternative to buying directly
One very attractive option is real estate investment funds. These are independent asset management companies that manage mutual funds, whose primary objective is to invest in built real estate.
Lower break-in costs for the investor makes this option attractive. Investment Funds often require only $1,000 to $5,000 investment to participate.
This form of collective investment, because of available resources provides greater bargaining power to the management company, allowing greater access to real estate options.
The Costa Rica News
San Jose, Costa Rica
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