The popularity of condos in the booming Guanacaste region in Costa Rica has spawned a new industry for local residents and entrepreneurs. As the tiny villages along the coast trade in their wilderness for billion dollar investments, locals are trading old jobs for marketing kits and tool belts.
In the wake of the boom, property management services have been springing up to satisfy the needs of absentee property owners who want to rent their homes to tourists as vacation properties.
Since development on the $400 million Peninsula Papagayo project began in 1997, construction and real estate sales in Costa Rica's Guanacaste region have been on a roll. According to Costa Rica's Central Bank, big business foreign investment in real estate has nearly tripled in the past 12 months - most of it in Guanacaste. The majority of these purchases represent investments in the tourism industry with large scale hotels, developments and existing tourism businesses being snapped up by savvy entrepreneurs.
But not all investment in the tourism industry represents big business. Individuals and families attracted by the climate and natural beauty of the area are getting in on the action. Discovering that condominiums make fantastic and affordable vacation homes while providing a viable source of income, people from all over the world are buying up condos in the country. But managing a property when you are out of the country is next to impossible and leaving your vacation home unoccupied for months is downright risky. Absentee owners can return to find they've been robbed or even worse - that their property is being inhabited by squatters.
Many condominium projects address this problem directly by providing property management services as part of the deal at buy-in. Owners can enter their property into the project's rental program and have their interests taken care of. Depending on what level of involvement you wish to have, property management companies will take care of everything - from security to housekeeping. For a monthly fee, you can count on your manager to be your hotelier with a complete package that includes marketing, booking, cleaning, and maintaining the property while on site security removes the risk of unexpected or uninvited guests.
Discover the Bliss of Costa Rica: Your Ultimate Retirement or Vacation Haven
Imagine a life where each day begins with a serene walk along the beach, sipping fresh juice under the warm sun, far from the cacophony of city life. For many, this isn't just a daydream—it's a reality found in the tranquil embrace of Costa Rica. This Central American gem offers a retreat from the stressors that plague modern life, such as traffic jams, workplace tensions, and urban noise. Chronic stress, a known contributor to a myriad of health issues like anxiety, depression, and heart disease, can be mitigated by the laid-back lifestyle that Costa Rica promises. Americans, among others, have found solace in Costa Rica's "Pura Vida" ethos, which celebrates life's simple pleasures and encourages a leisurely pace of living.
Build Your Team and go for the Win in Costa Rica
Falling in love with Costa Rica is easy. Still relatively undiscovered with a warm climate, white sand beaches, lush wildlife and stable democratic government, this welcoming central American country attracts more foreign investment every year.
