Nosara Costa Rica Real Estate Trends for 2018
- November 14, 2017
If you have been following the real estate market in Nosara Costa Rica for any length of time, then you know that the area has experienced tremendous growth in the last five years. We reported earlier this year that CFIA measured a 300% jump in construction from 2012 to 2016. And it looks like 2017 is on track to be another record year. So, the question is, as we get ready to wind down this year, what will things look like this next year? Here’s a look at the Nosara Costa Rica real estate trends for 2018.
Top Trends in Real Estate for 2018
The Nosara Costa Rica real estate trends mirror many of the global trends for 2018, especially in the upscale market. In fact, it could be argued that Nosara is an ideal place to invest in real estate.
While some economists have worried that we are due for another housing bubble burst, a recent report from PwC reveals that leading experts in the real estate do not see this real estate crash in the future. Economies are stable and steady and lenders have become increasingly careful on who they lend money to. All of this is good news for real estate in 2018.
With that being said, what can we expect to find in the Nosara Costa Rica real estate trends?
Trends in Nosara Homes for Sale
A global trend that continues to impact Nosara is that more people are choosing to trade in the hustle and bustle of their fast-paced lives for a better-quality lifestyle. They are leaving their homes in metropolitan areas and seeking out a slower pace of life. Costa Rica is extremely attractive and will continue to be so for this group because of its political and economic stability, services, and infrastructure. Since Nosara was originally designed as a planned community by an American developer in the 1950s, it is particularly attractive to buyers.
The high-end market of Nosara Costa Rica real estate trends is seeing an influx of “jungle” mansions going up. The Wall Street Journal recently noted this new trend. In 2018, Nosara can expect to see more luxury homes built in the mountains with stunning views of the ocean and countryside. To highlight the views, these beautiful homes will include features like infinity pools and walls of glass windows and sliding glass doors.
One local architect noted that the trend is to build homes that provide the sensation of living in the jungle, without the insects and spiders.
Another of the Nosara Costa Rica real estate trends that you can expect to see in 2018 is more smart home automation. We’ve heard about smart home automation for some time, and in 2018 it will be a big thing. Nosara may be a laid-back surfer’s paradise, but it still provides many of the comforts and conveniences of home (without all the stress of it).
According to an article in the Costa Rican Times, Costa Rican developers are now offering to include smart home technology in new construction projects. But if you have an existing home, or are buying one that does not have this technology, it is still possible to incorporate it into your home. Some of the smart home features available for 2018 will be:
- ~Light management
- ~Video, audio, and television services
- ~Doors and gates
- ~Irrigation for gardens
- ~Air conditioning
- ~Water heaters
These are just a few of the many smart home features you can incorporate into your Nosara home.
Nosara Costa Rica House Rentals
In 2018, another one of the Nosara Costa Rica real estate trends will be a continued rise in the vacation rental market. Not only is Nosara a popular destination amongst yogis and surfers, it is also becoming a favorite amongst those seeking a sustainable vacation.
What is sustainable travel? In part, it is about your green footprint, but it is much more than that. Sustainable tourism embraces local culture and heritage and is mindful of the economic benefit that their travel brings to the local people. Recently, US News ranked Costa Rica as one of its eight top ethical travel destinations. And while many of these travelers choose to stay in one of Nosara’s beautiful hotels, there are also many visitors who prefer to rent a home for their stay, especially families.
So, whether you are looking to plant roots in Nosara or invest in its flourishing real estate market, 2018 will provide plenty of opportunities.