Contact Mari Brenes at Palm Real Estate by calling (506) 8352-9923 or send an email to [email protected], her team is available to answer all of your questions about buying or renting condos in Guanacaste Costa Rica.

North American and European house hunters who are setting their sights on the United States housing market are finding their options limited by the presence of foreign vulture real estate funds, such as Vulcan Investment Partners in South Florida, scooping up foreclosed and distressed properties by the thousands.

Smart home shoppers and individual real estate investors have realized that they don’t stand a chance against these cash-rich, leviathan vulture funds buying up all residential property in sight in places such as Arizona, Las Vegas, Southern California, and South Florida. In the past, these warm-climate housing markets have been known to attract retirees, people looking for second homes and those seeking to start a new life; however, vulture funds have effectively disrupted these markets. For this reason and others, house hunters are now setting their sights on Costa Rica, specifically on housing markets such as Playas del Coco in Guanacaste.

Seasoned real estate investors know that the housing market in Costa Rica is not uniform. This is a country where certain regions are bound to experience sudden growth and rapid development.

We know that all property owners are real estate investors at heart, and this axiom is evident in Playas del Coco. Located on Costa Rica’s Gold Coast, Playas del Coco has been enjoying local tourism for many decades, and it has only been significantly discovered by foreign visitors and real estate investors in the 21st century. In fact, many home shoppers frustrated with the U.S. housing markets arrived in looking for “the next big thing” and decided that the three sister bays in the Pacific: Coco, Hermosa and Panama, were among the most promising in Guanacaste.

Here’s a brief look at what is happening in Guanacaste and around the beach communities near Playas del Coco, Playa Hermosa, Playa Matapalo, Playa Ocotal, and Playa Panama:

-There is a commercial real estate boom in Playas del Coco with dozens of retail businesses waiting to open their doors.
-The second Hard Rock Cafe in Costa Rica is being considered in Guanacaste for a 2014 opening.
-A major marina project in Playas del Coco is undergoing development.
-An ambitious arts center is in the planning stages.
-Playas del Coco is becoming known for its world-class scuba diving.
-Trendy fashion designers are moving to the area.
–Major theme parks are being developed across Guanacaste.

In Playas del Coco and its surrounding communities, there is currently a stable supply and great diversity of real estate opportunities. According to Palm Real Estate founder Mari Brenes, most house hunters are choosing to move into a long-term condo rental situation so that they can take their time exploring the region and weighing their property acquisition options. It is certainly pleasant to consider a real estate investment while living in an oceanfront rental with sweeping views of the Pacific Ocean in Costa Rica.

Through her Palm Real Estate office in Playas del Coco, Mari Brenes has helped many foreign home buyers and individual real estate investors realize their dream of ownership in Costa Rica. Over the years, she has also built a substantial network of property owners who are already capitalizing on their investments with rental income. Palm Real Estate has seen many seasonal renters eventually become property owners because they carefully study the housing market during each visit to Guanacaste.

Mari Brenes is already seeing that the ongoing high tourist season in Costa Rica is attracting many house hunters to Playas del Coco, and her office is busy with inquiries. Although everyone seems to want to live in Playas del Coco, there are quite a few rentals still available in the contiguous beaches of Hermosa, Panama and other nearby communities. If you are interested in getting a rental or looking at real estate opportunities in Guanacaste this season, consider speaking with Mari Brenes at Palm Real Estate.