Coronavirus Impact on Costa Rica

Coronavirus is effecting markets and travels all over the world. Here is a quick update on what you need to know and how it might be effecting you. But first…

TRAVEL BAN
Important notice for those traveling to Costa Rica over the next 30 days. Today the government announced a travel ban Costa Rica has declared a State of Emergency in response to the coronavirus pandemic, President Carlos Alvarado announced Monday afternoon. The country will shut down its borders to foreigners and non-residents starting 11:59 p.m. on Wednesday, March 18. The restriction applies to the country’s ports of entry via land, air or sea.
Starting immediately, citizens and residents who arrive in Costa Rica will be subjected to a mandatory 14-day quarantine, President Alvarado said. The travel restrictions will continue through at least Sunday, April 12 at 11:59 p.m.Travelers with a layover in Costa Rica will still be allowed to transit through Costa Rica’s airports. Costa Rica is not enforcing any restrictions on leaving the country, though Health Minister Daniel Salas warned strongly against non-critical travel. “Tourists who are in the country can leave Costa Rica in orderly fashion,” said Tourism Minister María Amalia Revelo. “Of course, we know airlines will reduce significantly the number of flights they offer to Costa Rica.”

What You Need to Know – Travelers
Obviously today’s ban is important for any travelers coming down over the next 2-3 weeks. Important that travelers monitor and look for updates over the next 30 days. For those with reservations or plans farther out I encourage you to not make any drastic changes and simply review traveling conditions 15-30 days prior to your reservation before making a final decision.

What You Need to Know – Costa Rica Property Owners Who Own Vacation Rentals
The vacation rental market was already seeing a high amount of cancellations prior to todays travel ban. I anticipate this having a signficant impact on bookings over then next 30-90 days. I encourage owners to adjust by offering reduced rates and flexible refund policies during this time. More importantly it is important to brace for lower rental income over this time and plan accordingly.

What You Need to Know – Costa Rica Property Sellers
Financial market conditions along with travel restrictions and overall uncertainty is going to make sales challenging over the next 90 days. If your property is on the market and you were already priced aggressively I’d encourage to hold and simply re-evaluate in 2-3 months.

What You Need to Know – Costa Rica Prospective Buyers
If you in the process of purchasing or already decided on a property I wouldn’t let this stop you. There might be some current obstacles but it could be just a matter of adjusting or getting creative. For those looking more in the future, it is totally understandable, lets stay in contact so I can help make sure you are prepared for when the time is right for you. Call me any time, US Direct 509.855.7457 or in Costa Rica 506.8718.7216 also feel free to browse properties here

About David Karr
Costa Rica is a beautiful country, but when it comes to making the move and researching Costa Rica further, most people become confused and frustrated. Finding someone you can trust and help guide you with the process is the most important step. I’ve been living in Costa Rica since 2005, where I reside full time in Jaco Beach. Since then I’ve been consulting and guiding people with real estate and living in Costa Rica. I work with the top attorneys to ensure your transaction is safe and secure, while providing clients with indepth market analysis and inside information so they can make the best decisions possible. My expertise is in the Central Pacific and Jaco region, but can assist with all parts of Costa Rica.
Read my testimonials, talk to me over the phone and learn just how helpful and resourceful my services can be in helping you with your search.
With years of experience in Costa Rica real estate, be assured you have the support and resources of not just myself but an established team of professionals available to assist with all of your needs in Costa Rica.

Single Story For Sale in Jaco, Jaco

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•  1280 sqft , 2 bath , 2 bdrm single story FOR SALE  USD259,000 . Priced to Sell

Enjoy luxury living in Jaco’s most exclusive beachfront community. This oceanview 2 bedroom, 2 bath was recently redecorated with all brand new furnishings, decor and paint throughout. Located in the exclusive Acqua residences where each owner enjoys their own assigned parking, storage unit, and beautiful common area pool and bbq area. The complex also features small fitness gym, TV/Game room and 24/7 gated security. Seller has priced in order for quick sale making it one of the best values on the beachfront.

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Single Story For Sale in Jaco, Jaco

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•  2000 sqft , 2 bath , 1 half bath , 3 bdrm single story FOR SALE  USD235,000 . Priced Reduced

Unique opportunity to puchase fee simple beachfront home in a secure gated community. You can search the entire coast of Costa Rica and will only find a handful of these type of properties. This 3 bedroom, 2.5 bath home is part of a small 29 home beachfront community on Jaco’s North End. With your own single car garage, yard and spacious floorplan of 2000 square feet, this is the ideal place for anyone seeking full time residence in Costa Rica or looking for a vacation home. The complex features common area pool and gorgeous rancho area. Sold fully furnished, price was recently reduced from $289,000 as seller is looking to make a quick sale. Tremendous value and one of the best deals in Jaco.

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Single Story For Sale in Esterillos Este, Esterillos

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•  2070 sqft , 3 bath , 1 half bath , 3 bdrm single story FOR SALE  USD249,000 . Price Reduced $40,000

Amazing opportunity to purchase a beautiful Costa Rica home just minutes to one of the nicest beaches in the Central Pacific. This large 3 bedroom, 3.5 bath was just recently renovated and is completely turn key. Located in a secure community of just 10 homes, surrounded by lush, tropical gardens and a beatutiful common area pool. The home features 2 car port, plenty of storage, lots of outdoor space and spacios floorplan all making it ideal for retirees or vacation home. Located in Monterey Estates which is in Esterillos Este, just minutes from the Esterillos Towncenter featuring great dining, shops and services. Also just one mile away is playa Esterillos, one of the most pristine beaches on the Pacific. Sellers are forced to sell quickly and have reduced the price from $289,000 to $249,000 in order for a quick sale, making it one of the best values in the Central Pacific.

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Price dropped on Oceanview Condo Across Los Suenos Resort in Herradura, Herradura

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Announcing a price drop on Oceanview Condo Across Los Suenos Resort, a 980 sqft , 2 bath , 2 bdrm single story. Now FOR SALE  USD199,000 . Amazing Value

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Price dropped on Jaco, Costa Rica 4 Bedroom Home in Jaco, Jaco

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4 Bedroom Home on Large Lot

Announcing a price drop on Jaco, Costa Rica 4 Bedroom Home , a 2400 sqft , 2 bath , 4 bdrm single story. Now FOR SALE  USD379,000 .

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Single Story For Sale in Los Suenos, Herradura

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Best Deal in Los Suenos

•  2070 sqft , 2 bath , 3 bdrm single story FOR SALE  USD379,000 . Price Reduced for Quick Sale

Colina for sale in the Los Suenos Resort. Take advantage of one of the most affordable options and the best value in the exclusive Los Suenos Resort. Large, 3 bedroom luxury condo is immaculate, sold turn key, fully finished. Owners have direct access to all the resort amenities, including private beach club, golf course, marina, shops and restaurants. Located in the Colina residences, where you additional access to common area pools, and private fitness gym. This is one of the best values currently in the entire resort as owner has reduced price from $429,000 to $379,000 in order to make a quick sale.

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Price dropped on Stunning Oceanfront Condo in Jaco, Jaco

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Announcing a price drop on Stunning Oceanfront Condo, a 2000 sqft , 2 bath , 1 half bath , 3 bdrm single story. Now FOR SALE  USD279,000 . PRICE REDUCED

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Price dropped on Furnished Beach Condo in Jaco, Jaco

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Onsite Property Management

Announcing a price drop on Furnished Beach Condo, a 12000 sqft , 2 bath , 2 bdrm single story. Now FOR SALE  USD179,000 .

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Single Story For Sale in Jaco, Jaco

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•  1080 sqft , 2 bath , 2 bdrm single story FOR SALE  USD289,000 .

This Bahia Azul 3B direct oceanfront condo for sale is located on the 2nd floor. You can’t get any closer to the sand and surf! This corner unit is 2 bedrooms and 2 bathrooms among 1,065 square feet with unobstructed views. The Seller is offering this residence fully furnished and turn key ready. The master bedroom features a king bed and the 2nd bedroom has a bunk bed as well as another twin bed. There are TV’s in every room as well as new air conditioning units. You can enjoy amazing ocean and sunset views from both balconies as well as both bedrooms.

Bahia Azul is an oceanfront condo complex comprised of 30 units surrounding a large pool. This botique community is centrally located on the beach so you can easily walk to all the attractions including the new Jaco Walk plaza that is just a few minutes walk. This community is great for full time living or as a vacation rental as it is popular among renters.

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