The real estate market in Costa Rica has experienced dynamic and sustained growth in recent years, due to the fact that the sector has understood the changes in the lifestyle of consumers and has taken advantage of them to translate them into their projects, making them an attractive investment option.

The country's real estate sector has focused its attention on relevant aspects for consumers who are looking for spaces to live, share with their loved ones and even for teleworking, which has been a booming work modality in recent years.

We will learn about the trends that characterize this sector in relation to the supply of real estate and its impact on the growth of new social and cultural dynamics.

Trending characteristics of the real estate market in Costa Rica

Understanding the trends in this sector could help you focus your investment on projects that promote the convenience and well-being of people, which could be a factor that affects profitability. Here are some elements you should consider:

• Location 

Location is a key element when making the decision to invest in a space to rent or locate your business. Therefore, it is important to consider that throughout the history of the country there have always been places that, due to their geographic location, climate and accessibility, have been attractive areas for real estate development. These places have been the cradle of residential projects, business centers, commerce and services that allow meeting the associated demand.

The GAM is an area that has revolutionized the development of real estate projects, its growth has been increasing towards the west of the country, which has contributed to the dynamism of the commercial and residential real estate market in this area.

• Mixed Projects

As the name suggests, mixed-use projects offer housing, retail, gastronomy and office space in the same building, although the mix may vary. This trend responds to a need for convenience and well-being that consumers seek to save time in mobilization and even the ease of buying goods and services without complications.

• Amenities 

Amenities are a differentiating element that could determine whether a project is successful or not. This trend has become popular in vertical constructions as diverse spaces that complement the lifestyle of those who inhabit it, becoming an addition to the home.   

From spaces to exercise or meditate, rooms to work, green areas and areas for pets, to places where you can gather with family or friends are part of the amenities that new real estate projects offer their residents to entertain and spend time with their loved ones.

• Technology y sustainability

There are conditioning factors that are linked to the social context and the environment, leading to a series of innovative implementations that arise from the concern about the impact of phenomena associated with climate change, rising energy prices and the need for new regulations in the use of construction spaces. This has led different developers to incorporate the latest trends in technology and sustainability.

Waste reduction systems, the use of renewable energies, greater use of natural light and the incorporation of elements associated with biophilia, such as green spaces integrated into the architecture and its different areas, both social and residential, have been part of the efforts to offer consumers an integrated project.

As you have read, trends in the real estate market are aligned with changes in people's lifestyles, the facilities offered for their social development and the commitment to provide an environment with wellbeing.

From this perspective we can deduce that a business opportunity is to invest in a project that reflects the trends of this sector as an attractive package for those looking for a place to live, work and entertain in a single space without complications.