Costa Rica’s real estate market prices are trending upwards in 2025. In this article we review the findings published by “El Financiero” a Costa Rica financial publication that has taken the task of doing a real estate pricing analysis in most of the country, offering insights into pricing trends and regional variations. In 2025, property values have reached new heights, influenced by factors such as increased demand in key areas, limited land availability in the Greater Metropolitan Area (GAM), and the influence of tourism on coastal markets. This blog delves into the factors shaping the market, the most and least expensive regions, and what it means for buyers and investors.
National Trends in Housing Prices
According to recent data, the average national price for homes has increased from $877 per square meter (2023) to $1,021 per square meter in 2025. This represents a steady upward trend, largely driven by:
Land scarcity in GAM: The exhaustion of available land for construction in urban centers pushes demand to the periphery.
Tourism hotspots: Northern Pacific areas like Nosara and Tamarindo see booming interest from international buyers, increasing local prices.
Appreciation of the Costa Rican colón: This has impacted affordability, especially for foreign investors relying on USD.
Regions with the Highest Real Estate Prices
Certain areas are consistently at the top of the pricing scale:
Coastal Regions:
Nosara: $3,298/m²
Tamarindo: $2,725/m²
Playas del Coco: $2,113/m² These areas thrive due to strong tourism demand and investment potential for vacation rentals.
Greater Metropolitan Area (GAM):
Santa Ana and Escazú: $1,700+/m²
Atenas: $1,700/m² Known for proximity to San José and high-end infrastructure, these regions attract both expats and affluent locals.
More Affordable Areas
For those seeking budget-friendly options, areas in Occidente and rural regions offer a more attainable entry into the housing market:
Grecia: $1,147/m²
San Ramón: $1,050/m²
Cartago: Prices range between $800 and $1,000/m², providing excellent alternatives for families and retirees.
Apartments vs. Houses
Apartment prices are rising faster than traditional homes, particularly in urban centers. In 2025:
Apartments in San José’s Rohrmoser district average $2,371/m²—nearly double the price of traditional homes.
Luxury apartment developments are booming, driven by demand for amenities like gyms, pools, and 24-hour security.
Key Takeaways for Buyers and Investors
Luxury Tourism Drives Coastal Markets: Areas like Guanacaste continue to dominate, offering strong returns on rental investments.
Urban Convenience Meets Rising Prices: GAM locations like Escazú are increasingly competitive due to high demand for proximity to workplaces and services.
Consider Emerging Areas: Regions like Grecia or San Ramón present opportunities for growth at lower price points.
Conclusion
Costa Rica’s real estate market in 2025 is shaping up to be a vibrant and evolving space, driven by tourism, urbanization, and limited land supply. Whether you’re drawn to coastal luxury, the convenience of city living, or more affordable up-and-coming areas, Costa Rica’s real estate scene has something to offer everyone.
Certain areas are consistently at the top of the pricing scale:
Costa Rica’s real estate market in 2025 is shaping up to be a vibrant and evolving space, driven by tourism, urbanization, and limited land supply. Whether you’re drawn to coastal luxury, the convenience of city living, or more affordable up-and-coming areas, Costa Rica’s real estate scene has something to offer everyone.
