The stretch of coast from 10 minutes north of Jaco Beach at Los Suenos and Herradura to about 10 minutes south of Jaco Beach at Playa Bejuco and Esterillos has one of Costa Rica’s highest expat populations outside of San Jose. The region continues to attract expats and investors alike.
The Jaco Beach real estate market as reported in our Jaco Real Estate Report 2015, prices have remained stable and inventories are excellent right now and ripe for those investors hunting for the best bottom-of-the-barrel prices and distressed property opportunities.
Let take a look at some of the factors that are still attracting investors to the Jaco Beach region after over almost two decades of growth and development.
Advanced Infrastructure and Travel Tour Service Industry
Jaco beach was ‘discovered’ by foreign travels in the mid 1990’s and has gone from a small coastal fishing village to the Central Pacific primary business hub. Over the past 20 years or so Jaco has grown to a population of approximately 10,000 residents and has the highest number of bilingual locals per capita in the country. Jaco continued growth and development continues to attract over 60% of the country’s 2+ million annual foreign visitors.
Media promoting new developments in and around Jaco Beach such as the new Croc’s Casino Resort and the new beach boardwalk continues to expose Jaco Beach as a destination of choice for retiring North Americans and this steady growth and development attracts savvy investors.
International access and Proximity
International property investors are not only looking for regions with steady growth and development but look for location, location, location as well. The ever growing number of baby boomers searching a life abroad is attracted to Costa Rica because they get great value for their dollar and Costa Rica is only five hours flight time from most of the USA’s major hubs.
With baby boomers retiring at record rates (over 10,000 a day till 2020), and large number of them looking for affordable property and retirement opportunities abroad, paradise locations like Costa Rica that are in close proximity and easily accessible hot targets for investors looking to capitalize on growth trends.
Jaco Beach Real Estate: Best Investments
Below are three top property choices for investors of Jaco Beach real estate.
Investors, especially wholesale investors in Jaco Beach oceanfront condos have done very well, and this type of property investment is still very attractive as more and more ocean front resort complexes come on line in Jaco.
Just 5 minutes north of Jaco Beach is the famous Los Suenos Marriott Ocean & Golf Resort. Properties in this residential ocean side resort have a strong track record of growth and are certainly considered a high value investment.
Five minutes south of Jaco beach is the small beach village of Playa Hermosa which is one the few places left in Costa Rica where you still buy fully “Titled” beachfront property. Approximately 90% of the beach front property in Costa Rica is concession property which can pose serious problems for investors and property owners. Titled beachfront property on the other hand is a rare commodity in Costa Rica and these properties have a good proven to bring good returns for the investor and buyers.
For more information on Jaco Beach real estate and any other opportunities discussed in this article, such as Jaco condos, Los Suenos real estate or “Titled” beach font properties in Playa Hermosa, contact us and one of our agents, we will be happy to help you out.
