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 Beats Haiti on Penalties to Reach U-20 World Cup

Costa Rica’s men’s under-20 soccer team qualified for the 2027 FIFA U-20 World Cup on Tuesday after defeating Haiti 5-3 in a dramatic penalty...

San José’s Parque Central Closes for Six Months of Renovation

If your route through downtown San José cuts across Parque Central, you need a new one. The park closed Monday and will stay closed...

Starbucks Opens 33rd Costa Rica Store as Dunkin Expands

Starbucks has opened its 33rd store in Costa Rica while Dunkin' adds locations in Zapote and Sabana Este, intensifying competition in the country's coffee and doughnut market.

Where You Can Fly Nonstop to Costa Rica This High Season

Fourteen new or expanded nonstop routes reach Costa Rica between October and March, including Breeze Airways' debut and the first-ever direct flights from Poland. One heavily promoted route was cancelled before it ever flew. Full list with dates and days.

Thousands Fill San José Plaza in Defense of Costa Rica’s Judiciary

Thousands of Costa Ricans packed the Plaza de la Democracia in San José last evening and spilled across several blocks of Avenida Segunda, closing...

Wiretaps Allege Costa Rica Police Tipped Off Diablo’s Criminal Network

Wiretap recordings incorporated into the criminal case against the organization led by Alejandro Arias Monge, known by the alias "Diablo," describe a network of...

Costa Rica Reports Renewed Increase in COVID-19 Cases

COVID-19 has once again become the most widely circulating respiratory virus detected in Costa Rica, as health officials urge residents to take basic precautions...

Tropical Wave 29 Crosses Costa Rica as the Caribbean Alert Holds

The yellow alert that went up over the weekend is still in place, and a second tropical wave in three days crosses today. If...

Why the Cincinnati Open Is the Last Major Test Before the US Open

The Cincinnati Open begins opening its grounds to fans this weekend, but for the players arriving in Mason, Ohio, the tournament carries considerably more...
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel