Good video. I was in Costa Rica investing before it was a thing 20 years ago. These prices are way too high. You said it well people get emotional and have a dream and rush into it. Costa Rica is different and has crazy rain seasons most are not used too. Hot really hot if your near the beach and infrastructure while better still not world class. How people are paying 600k to millions for some of these places seems crazy to me. We have same thing in Florida near beaches and people way over paid.
I have been watching your videos for a couple of years and thoroughly enjoy your style and straightforward approach. I have been coming to Costa Rica for 4 winters now and have been watching the market. I 100% agree with your 2025. Assessment. I am very impressed that a real estate professional would have the intestinal fortitude to say that. Anthony
Thank you so much for such positive feedback, and for watching and commenting! Please send me an email Anthony, so that we can. meet up and discuss real estate when you're ready to invest!
This was a really helpful video, I have been looking at real estate in Guanacaste for about a year now. We have been coming here for a couple months a year since 2020. We are visiting all the communities between tamarindo and marbella the first two weeks of January. Excited to see junquillal and the beaches north towards Avellenas.
Very interesting and informative. Retiring in March and hopefully coming down to buy by June/July. It'll be interesting to see what's available and at what cost. Thanks Matt.
Be ready to be shocked. Living here full time I can tell you its really expensive 1st world pricing in a 3rd world developing country. Most HOA do not keeo the maintenance up and its a shame streets in communities fall apart and no ine fixes. Thats one real issue of many.
@@DcArmy9015 Thanks but we've been coming to Costa Rica since 2014, have stayed in every corner of the country and absolutely love it. Sure, it's gotten expensive but I live in Northern California where everything is expensive and we know how to keep costs down. We're aware of pretty much all of the negatives of Costa Rica and it's still (for us) overwhelmingly better than living in the US.
Last year i have up traveling in Costa Rica went to Nicaragua. Flights were full AIRBNB flying off the self. This dynamic has changed year significantly this year.
Thank you very much for asking, and for watching! I meant to mention - for Coldwell Banker Costa Rica's national network, the only place that saw an *increase in sales in 2024 was the central valley region. Now obviously that's a limited data set - and really I don't know the situation on the ground there personally as I rarely visit - but I get the impression that some central valley areas REALLY had a huge increase in foreigners moving there over the last few years, and so they could be "peaking" as locations vs. Guanacaste's beaches that had waves of foreigners in the 2000-09 era and now again post COVID.
From what i understand individuals have taken home equity from Canada and USA to make purchases in other countries. It appears to be all cash but really isn't. Debt markets are sounding warning signs in the last few months. Personally, I see markets softening slowly.
Thanks very much for watching and for your thoughtful comments Jason; I appreciate it! I'll respond to all in one fell swoop here. First, when you say "the dynamic has changed" - do you mean that AirBNBs are now significantly more occupied in 2024-25 than they previously were? I could offer suggestions on where to find some more availability :) Re: equity loans - You're absolutely right that a good number of buyers in foreign markets have leveraged U.S. or Canadian equity in order to purchase abroad. Based on my experience, this is still a small % of the people purchasing in Guanacaste. When push comes to shove - people are hesitant to risk what they see as their "important" assets for something that's a luxury. A good number of the younger families who have moved here in 2021-24 have done so, but there are large #'s of retirees and other buyers who either saved up or sold what they had. Finally - in terms of the % for the 2008-09 GFC - rather than guess at numbers, it's easier to describe that in 2005-08, everyone was in a fever-pitch frenzy buying land, cutting up new developments, and trying to resell absolutely everything. People were buying in who had never been here; prices for some land doubled consistently every year. Then it all just absolutely stopped, like frozen in its tracks, once the financial crisis kicked in. Prices then came down seller-by-seller as they sought buyers in the new post meltdown reality. As one extreme example - lots in a gated community were selling above $200k in 2008. By 2015, you had distressed sales at $30k...
@CostaRicaMatt This year was much easier to find a place to stay. A couple of co-workers booked places just weeks before heading down. Surprisingly, there was still a lot of choice still left.
In my opinion specifically from Avellana to Nosara it is Overrated people that are selling properties change their prices every week cause (demand) thousand millions dollars more so on and on! 😮 Crazy! It is not the Bahamas , Saint Barth , Us Virgin Islands?😂
To each their own! The beaches from Avellanas to Nosara are so diverse that I'd find it difficult to characterize the whole area. There are touristy spots and plenty of completely quiet areas as well. I haven't seen the frequent changes in pricing that you refer to as much, but if you want to post specific examples I'm all ears!
Thank you for watching and commenting though personally I think the phrase "third world" is at best outdated, and at worst offensive, really just in its historic use first for countries that weren't aligned with NATO or the USSR, and second for its negative connotations all around. I don't want to delete comments; if you'd be willing to edit that would be appreciated!
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
Thanks for the insights! You are the best.
You are welcome Paul; thanks for watching and commenting as always!
Good video. I was in Costa Rica investing before it was a thing 20 years ago. These prices are way too high. You said it well people get emotional and have a dream and rush into it. Costa Rica is different and has crazy rain seasons most are not used too. Hot really hot if your near the beach and infrastructure while better still not world class. How people are paying 600k to millions for some of these places seems crazy to me. We have same thing in Florida near beaches and people way over paid.
Muchas gracias por la informacion, muy bien llevado el broadcast. Les deseo a ti tu familia un feliz y prospero año nuevo! 🍻
Igualmente David, un feliz y próspero año nuevo para usted, doña Estrella y su familia! Saludos y nos vemos pronto, si Dios quiere!
Always informative and beneficial. We appreciate you, Matt! Happy New Year!
Thanks very much for the positive feedback; Happy New Year to you as well and I look forward to seeing you again soon in Junquillal!
I have been watching your videos for a couple of years and thoroughly enjoy your style and straightforward approach. I have been coming to Costa Rica for 4 winters now and have been watching the market. I 100% agree with your 2025. Assessment. I am very impressed that a real estate professional would have the intestinal fortitude to say that. Anthony
Thank you so much for such positive feedback, and for watching and commenting! Please send me an email Anthony, so that we can. meet up and discuss real estate when you're ready to invest!
Thanks Matt
You are welcome Joe; thanks for watching! Happy New Year.
This was a really helpful video, I have been looking at real estate in Guanacaste for about a year now. We have been coming here for a couple months a year since 2020. We are visiting all the communities between tamarindo and marbella the first two weeks of January. Excited to see junquillal and the beaches north towards Avellenas.
Thank you for watching and commenting and I'm glad it helped! I will be happy to show you around our area early in 2025; be sure to email me!
Very interesting and informative. Retiring in March and hopefully coming down to buy by June/July. It'll be interesting to see what's available and at what cost. Thanks Matt.
Congratulations on your retirement; thank you for watching and commenting! I'll look forward to meeting you in June/July - be sure to email me!
Be ready to be shocked. Living here full time I can tell you its really expensive 1st world pricing in a 3rd world developing country. Most HOA do not keeo the maintenance up and its a shame streets in communities fall apart and no ine fixes. Thats one real issue of many.
@@DcArmy9015 Thanks but we've been coming to Costa Rica since 2014, have stayed in every corner of the country and absolutely love it. Sure, it's gotten expensive but I live in Northern California where everything is expensive and we know how to keep costs down. We're aware of pretty much all of the negatives of Costa Rica and it's still (for us) overwhelmingly better than living in the US.
✨Thank you✨🔆
You are very welcome; thanks for watching and commenting!
Last year i have up traveling in Costa Rica went to Nicaragua. Flights were full AIRBNB flying off the self. This dynamic has changed year significantly this year.
You are the best and funny
Thank you for the positive feedback Erika! I know you're going to like my upcoming content!
How is your assessment for the central valley like escazu or pinares? Thanks
Thank you very much for asking, and for watching! I meant to mention - for Coldwell Banker Costa Rica's national network, the only place that saw an *increase in sales in 2024 was the central valley region. Now obviously that's a limited data set - and really I don't know the situation on the ground there personally as I rarely visit - but I get the impression that some central valley areas REALLY had a huge increase in foreigners moving there over the last few years, and so they could be "peaking" as locations vs. Guanacaste's beaches that had waves of foreigners in the 2000-09 era and now again post COVID.
Thanks for the info! From your perspective how was the market affect by percentage from the 2008-2009 GFC?
From what i understand individuals have taken home equity from Canada and USA to make purchases in other countries. It appears to be all cash but really isn't. Debt markets are sounding warning signs in the last few months. Personally, I see markets softening slowly.
Thanks very much for watching and for your thoughtful comments Jason; I appreciate it! I'll respond to all in one fell swoop here. First, when you say "the dynamic has changed" - do you mean that AirBNBs are now significantly more occupied in 2024-25 than they previously were? I could offer suggestions on where to find some more availability :)
Re: equity loans - You're absolutely right that a good number of buyers in foreign markets have leveraged U.S. or Canadian equity in order to purchase abroad. Based on my experience, this is still a small % of the people purchasing in Guanacaste. When push comes to shove - people are hesitant to risk what they see as their "important" assets for something that's a luxury.
A good number of the younger families who have moved here in 2021-24 have done so, but there are large #'s of retirees and other buyers who either saved up or sold what they had.
Finally - in terms of the % for the 2008-09 GFC - rather than guess at numbers, it's easier to describe that in 2005-08, everyone was in a fever-pitch frenzy buying land, cutting up new developments, and trying to resell absolutely everything. People were buying in who had never been here; prices for some land doubled consistently every year. Then it all just absolutely stopped, like frozen in its tracks, once the financial crisis kicked in.
Prices then came down seller-by-seller as they sought buyers in the new post meltdown reality. As one extreme example - lots in a gated community were selling above $200k in 2008. By 2015, you had distressed sales at $30k...
@CostaRicaMatt This year was much easier to find a place to stay. A couple of co-workers booked places just weeks before heading down. Surprisingly, there was still a lot of choice still left.
I booked in Sep this year, found there was more choice, while shopping unlike last ye9ar the panic to rent is subdued.
In my opinion specifically from Avellana to Nosara it is Overrated people that are selling properties change their prices every week cause (demand) thousand millions dollars more so on and on! 😮 Crazy! It is not the Bahamas , Saint Barth , Us Virgin Islands?😂
To each their own! The beaches from Avellanas to Nosara are so diverse that I'd find it difficult to characterize the whole area. There are touristy spots and plenty of completely quiet areas as well. I haven't seen the frequent changes in pricing that you refer to as much, but if you want to post specific examples I'm all ears!
Great video. I was there last year looking at some properties and felt the prices are very inflated for what you are getting in a third world country.
Thank you for watching and commenting though personally I think the phrase "third world" is at best outdated, and at worst offensive, really just in its historic use first for countries that weren't aligned with NATO or the USSR, and second for its negative connotations all around. I don't want to delete comments; if you'd be willing to edit that would be appreciated!
In my opinion there are more sellers than buyers for the 1st time in the last 5 years
This is a pretty accurate way to summarize things; I agree with you!