Costa Rica’s real estate market heads into 2026 with steady footing after recent adjustments in high-end coastal areas. Buyers and investors find a landscape marked by balanced supply, reasonable price gains, and solid interest from abroad. Data from recent reports point to a shift away from the sharp rises of past years toward more even progress, influenced by economic factors, tourism recovery, and changing buyer needs.
A Balanced Market Takes Shape
The market has moved past the tight inventory and elevated prices of the pandemic period. In places like Guanacaste, median home values dropped from peaks above $900,000 in 2024 to around $533,000 by early 2025. This change has opened doors for more buyers. Sales have picked up, showing ongoing appeal even with these shifts. The national average price per square meter reached about $1,021 in 2025, varying by area.
This adjustment sets up 2026 for controlled expansion. Forecasts show annual price rises of 3% to 8% in many spots, backed by stable conditions and foreign buyers. Coastal zones, sensitive after corrections, look set for gradual recovery. Investors see chances in rentals, especially in tourist draws, while everyday homes inland offer reliable options.
Expected Price Increases for 2026
Experts predict moderate advances rather than quick jumps. Nationwide, growth should hold in the 3% to 8% range, supported by tourism and economic health. Premium tourist areas expect similar patterns, with rental income adding draw for owners. In Central Pacific regions, prices sit at $1,500 to $2,000 per square meter, with 6% to 8% gains possible in sought-after parts. This pace suits buyers looking for assets that build value over time without the risks of fast swings.
How Regions Stack Up
Differences across our country mean buyers must weigh locations carefully. Guanacaste holds strong as a coastal leader. Prices have steadied after dips, with beachfront and condo values poised for 3% to 7% yearly lifts. Areas like Tamarindo, Flamingo, and Playa Hermosa benefit from better roads, high-speed internet, and rental returns of 5% to 8%. This makes it a fit for vacation rentals or secondary homes.
The Central Valley, covering San José, Escazú, Santa Ana, and Heredia, draws in with its services and steady demand. Properties here see 4% to 6% appreciation, appealing to families, professionals, and expats. Access to schools, hospitals, and jobs keeps rentals active, especially for remote workers who want city ease.
Southern areas such as Dominical, Uvita, and Ojochal show promise as up-and-coming spots. Year-over-year gains have been notable, with lower starting prices than northern coasts. Expanding tourism and roads create room for growth, ideal for those eyeing emerging markets.
On the Caribbean side, including Limón Province, prices stay below Pacific levels, with slower but consistent progress linked to tourism upgrades. It serves buyers after affordable vacation spots or rentals.
Santa Teresa in the Nicoya Peninsula expects active interest, with families and remote workers driving demand for finished homes and gated communities. Average sales hit $897,212 in 2025, up from earlier years, though value-focused buyers push for fair pricing. New rules on short-term rentals, requiring tax registration, add structure to the sector.
Central Pacific stands out for its mix of access and appeal. Close to San José via improved highways, it pulls in investors for ocean-view land and eco-projects. Tourism, from surfing in Jacó to adventures in national parks, supports steady rentals and values.
Forces Behind Buyer Choices
Foreign interest remains a core driver. Buyers from the U.S. and Canada seek retirement or investment spots, while remote workers chase the mix of work and leisure. Lifestyle pulls, like ocean access or mountain settings, spread demand.
Rentals play a big role. Short-term options thrive in tourist zones, but oversupply in places like Jacó has led to shifts toward longer stays or mixed models. Yields of 5% to 8% attract owners, especially in managed condos or villas. Sustainability matters more, with buyers favoring energy-efficient builds and green designs. Technology, like smart systems and virtual tours, streamlines deals.
Renting gains ground over outright buys in some groups, with models like build-to-rent offering flexible living. Condos see rising demand for their security, amenities, and rental potential in areas like Escazú or coastal towns.
Tips for Buyers This Year
Financing options exist through local banks, with moderate rates, though many opt for cash or home-country loans for speed. Foreigners enjoy full ownership rights, but checks on titles, environmental rules, and water access stay essential. In condos, review association quality.
Long-term thinking pays off. The market rewards those who focus on quality, location, and rental strength rather than short flips. With foreign investment up—hitting near $4 billion in 2023—and job growth from multinationals, the base looks solid.
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