No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsExpat LivingForeign Buyers Drive Costa Rican Mountain Town Land Prices Up

Foreign Buyers Drive Costa Rican Mountain Town Land Prices Up

San Gerardo de Rivas is a small, traditional Costa Rican town situated high in the valley of the Chirripó Pacífico River in the Talamanca Mountains of south-central Costa Rica. The area has traditionally been dedicated to agriculture, and the land has been owned by locals who have devoted their lives to this economic activity.

However, things are rapidly changing in this region. The purchase of land by foreigners has led to a disproportionate increase in land prices, pushing locals away and forcing them to sell their properties. One local resident commented that he has received offers of millions of dollars for his land; however, he has refused to sell it.

“On one occasion, while I was milking the cows at 5 a.m., a couple arrived and I thought, ‘How strange, why are they coming at this time?’ They told me they were interested in buying my farm, and I asked them why since I wasn’t selling it. They replied, ‘But we want to buy it from you; that’s why we’re here,’” he said.

A four-hectare farm was offered for one million dollars, noting in its description that most of the neighbors are foreigners. In many cases, buyers divide the property and resell plots at exorbitant prices, multiplying their investment in a short time. Buyers pay from $250,000 to one million dollars, divide the land into four parts, and sell each part for one million dollars, quadrupling their initial investment.

Foreigners request real estate agents to fulfill three main conditions for purchasing properties: access to water sources, a river, and scenic views. Nonetheless, in a nearby town where there is no Asada, an entity responsible for promoting the development of water systems, a foreigner is building a private aqueduct.

Many residents of the affected communities have reported issues as foreigners attempt to prevent them from accessing the river and other public spaces. For most locals, the problem is not the presence of outsiders per se, but their inability to adapt to the community in which they arrive.

“The problem is not that they are here; it’s that they don’t respect the culture. They come here imposing things they shouldn’t,” one resident stated.

Trending Now

Costa Rica’s Liberia Airport Faces Demand Boom

The Daniel Oduber International Airport has grown beyond what planners first imagined when it opened in 2011. Officials from Costa Rica's Federated College of...

Trump Announces Venezuela Oil Transfer Worth Billions

President Donald Trump announced on Tuesday that Venezuela plans to transfer between 30 and 50 million barrels of crude oil to the United States....

New Private Aviation Hub Coming to Costa Rica’s Liberia Airport

Signature Aviation plans to build and operate a new general and business aviation terminal at Guanacaste Airport in Liberia, a move the company says...

Honduras Keeps Extradition Pact with U.S. After Trump Pardon

Honduran President Xiomara Castro pulled back the termination of her country's extradition treaty with the United States on January 10, just ahead of her...

Nicaragua Frees Dozens of Political Prisoners Amid U.S. Pressure

The government of Nicaragua announced this Saturday the release of “dozens” of imprisoned opponents and critics, under pressure from the United States and a...

New York Times Spotlights Costa Rica’s Osa as Top 2026 Travel Pick

The Osa Peninsula has landed on The New York Times' annual list of 52 places to visit in 2026, ranking fourth overall. This recognition...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica