The Tamarindo Post Easter Week 2014 Real Estate Market Report
Our market took on an ever increasing rate of sales with all types of properties moving at a fast clip. Worthy of note is that some upper end single family ocean view homes that were on the market for years were recently sold up on Tamarindo`s north ridge; these were at the lower end of price end, ($650k to $1.1 mil) for the neighbourhood. Same goes for the areas`s best condominium values with many under market asking priced units selling at quickened paces. Seems to not matter whether beachfront, seaside or ocean view, only that the purchases represent quality and intrinsic value in terms of equity appreciation. Better than average rental returns also help, so anything above the average 3% net return adds a clear bonus. Speaking of net rental returns most are averaging 3% net on an annual basis (ie: condominiums in particular); however, there are properties which average more, say at a level of 5-6% annual net cash-on cash return on rental income. In particular try to avoid high HOA fees wherever possible as these sap up gross rental income and make resales very difficult. Interestingly enough some of the best income producers are either in the very high end prime properties and or on the lower end though there are middle range price level properties which rent exceptionally well. In particular location., location, location is key as always. Good real estate value hunting to you and please inquire within to get the real story on today`s market valuations!
Sol Realty & Investment Consulting offers its clients all the best resources for making a permanent move a seamless experience. Not only do have access and will recommend to you the very best real estate and corporate lawyers-public notaries, we also work closely with Central America`s best immigration attorneys, CPA`s and international tax specialists, banks, international stock brokers, property management companies, contracters, architects, interior designers, dentists, physicians, hospitals, and private schools and more. The best advise we can give our customers is to seek the advise with the most prominent professionals.
With over 15 years of local real estate and business experience, we have the knowledge to help you choose the appropriate property, business or investment. If you should have questions about buying or selling real estate and or investments in Costa Rica please contact us. Please browse through our website listings keeping in mind these only represent a portion of available properties or other investment opportunities. Our specialty is buyer representation in real estate transactions, and business and investment consulting. We are dedicated, discrete, and deserving of your business. We are a no frills agency without all the bells and whistles focusing on our clients best interests exclusively. Costa Rican real estate and wealth preservation via Latin America Investment are our primary points of focus.
Cordially Yours, Sol Real Realty & Investment Consulting-We do it right all the time.
Mark Price, CEO
Sol Real Estate & Investment Consulting
Playa Tamarindo, Santa Cruz de Guanacaste, Costa Rica
Phone: (506) 2653-1604 (506) 8918-3592