Santa Teresa, nestled on Costa Rica’s Nicoya Peninsula, continues to be a thriving hub for real estate investment. With a blend of pristine beaches, eco-tourism appeal, and a growing expat community, the region offers unparalleled opportunities for investors. This article provides an in-depth look at the latest market statistics, trends, and investment potential for 2024.
All statistics and graphs used in this blog are sourced from Pricelabs.
Value and Price Trends in Santa Teresa
The number of active listings has shown consistent growth, increasing from around 800 listings at the beginning of 2023 and reaching nearly 1,000 by the end of 2024. This expansion in property supply reflects ongoing interest from property owners and developers, responding to Santa Teresa’s strong market demand.
With 1.175 active listings and 29.71K bookings in the region, it’s clear that the market remains active and vibrant, balancing a growing supply with sustained booking demand. This trend underscores Santa Teresa’s position as a premier destination for real estate investment on the peninsula, offering significant long-term potential for property owners looking to benefit from the area’s upward market trajectory.
Rental Market Performance
Santa Teresa’s rental market demonstrates robust demand, particularly for short-term rentals driven by the region’s popularity among tourists and eco-conscious travelers. The average occupancy rates chart illustrates a clear pattern of seasonal demand, with peak occupancy levels reaching as high as 82% in early 2023 and 80% in early 2024. These peaks highlight the appeal of Santa Teresa during high-demand months, reflecting a strong opportunity for property owners to capture significant rental income.
Average nightly rates also tend to rise during these peak periods, allowing property owners to maximize their rental income.
Santa Teresa Real Estate : Yield and ROI Potential
Santa Teresa’s vibrant rental market presents a compelling case for property owners looking to achieve strong returns on investment (ROI). The estimated average revenue chart shows significant peaks during high-demand periods, with revenues reaching over $8,000 in early 2023 and similar levels in early 2024 & 2025. This seasonal revenue boost highlights the region’s potential for maximizing rental yields during peak months, an attractive factor for investors.
The combination of premium rental rates and consistent demand across the year allows property owners to generate substantial income, especially when leveraging high-demand seasons. Additionally, Santa Teresa’s limited land availability and popularity as a tourist destination create a stable environment for property appreciation, further enhancing the potential for long-term value growth.
Market Demand Overview in Santa Teresa
Santa Teresa attracts a diverse and growing base of visitors, drawn by its reputation as a premier destination for eco-tourism, surfing, and wellness experiences. The area sees a mix of both domestic and international travelers, with international visitors making up a significant portion of the market. This diverse visitor profile supports strong demand for short-term rentals year-round, with notable spikes during peak travel seasons.
The total booked nights chart demonstrates the high volume of reservations, particularly during the first and early second quarters of each year, where total booked nights exceed 16,000 during peak months. This trend underscores the high demand for accommodations in Santa Teresa, especially during high-demand periods, reflecting the need for early bookings to secure stays.
Conclusion
In conclusion, Santa Teresa’s thriving real estate market offers an exceptional opportunity for investors looking to benefit from high demand, rental potential, and long-term value appreciation. With a steady flow of eco-conscious visitors and a unique lifestyle appeal, owning property here promises both financial and personal rewards.
Ready to explore your investment options? Contact us to schedule a meeting and discover how Punta Vista Park can be the perfect addition to your portfolio.
