Monday, 1 June 2020

Real Estate Investments: Where are the Most Profitable?

In Costa Rica, it is estimated that rental housing with the best rates of return can be found in Escazú, Santa Ana, Sabana, Rohrmoser and the North of Heredia.

In the case of offices, the areas of Belén, Anillo Periférico Norte, Santa Ana, Escazú, Curridabat, San Pedro and Escalante are the places that stand out for good investment. Photo: Rafael Pacheco / El Finenciero

Estimates from Colliers International Costa Rica detail that in the case of commercial warehouses, the areas close to the Airport, the Coyol in Alajuela, and the Uruca, Heredia, Valencia, Lagunilla, San Francisco and Ochomogo (between San Jose and Cartago), are the areas with the best profitability.

In offices in Belen, Anillo Periférico Norte, Santa Ana, Escazú, Curridabat, San Pedro and Barrio Escalante are the best areas to invest.

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Randall Fernández, Colliers’ manager, explained to that “… housing for rent are the ones that are having the lowest returns, because of oversupply and because they have the highest maintenance costs.”

The article reviews that “… In general terms, a house to rent can be yielding returns between 5.7% and 6.5%. In the case of offices, returns are higher, between 8.50% and 10%. However, the supply of offices in the country is limited. Warehouses have utilities ranging from 7.5% to 8.5%, depending on where they are located.”

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