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Yes, the analysis of San José's property market is included in our pack
Thinking about buying a 3-bedroom apartment in Escazú? It’s a great area, but you're probably wondering: is now the right time to buy, or should you wait for prices to drop?
And what about long-term investment—should you look into other districts like Rohrmoser or Santa Ana where property values might appreciate more over time?
In this article, we’ll answer these questions. We know this market quite well - and we have put all our knowledge in the Costa Rica Property Pack.
Will property prices increase in San José (Costa Rica) in 2025?
Yes, property prices in San José are expected to rise in 2025, driven by a combination of economic growth and increasing demand for urban living.
Backed by our fresh, in-depth market analysis, we’re confident that San José remains an attractive destination for both local and international investors.
While there are challenges such as inflation and potential interest rate hikes, the main drivers behind San José’s price growth are strong and persistent.
The city’s appeal as a cultural and economic hub continues to attract buyers, and the demand for properties in central areas remains robust.
Signals pointing to a property price increase in San José
Here are some factors suggesting prices could increase:
The Costa Rican economy is projected to grow steadily in 2025, boosting consumer confidence and increasing the purchasing power of potential homebuyers, which is likely to drive up property prices.
San José is experiencing a trend of urbanization, with more people moving to the city for job opportunities and lifestyle benefits. This influx is expected to increase demand for housing, particularly in central and well-connected areas.
Infrastructure improvements, such as new transportation projects and upgrades to existing public services, are set to enhance the city's appeal, potentially increasing property values in affected areas.
The government is expected to continue offering incentives for sustainable and eco-friendly developments, which could lead to an increase in the value of properties that meet these criteria.
San José's growing reputation as a tech and innovation hub is attracting international companies and expatriates, further boosting demand for residential and commercial properties.
Signals pointing to a property price decrease in San José
Here are some factors suggesting prices could fall:
Rising inflation could erode the purchasing power of potential buyers, making it more difficult for them to afford property, which could dampen demand.
Potential increases in interest rates may make borrowing more expensive, reducing the number of people who can afford to take out mortgages and potentially slowing down the property market.
If the global economic situation worsens, it could impact foreign investment in San José's property market, leading to a potential decrease in demand and property prices.
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If property prices go up in San José, Costa Rica, how much would they increase by?
If real estate prices in San José were to rise in 2025, the increase would likely be around 3% to 7% of their 2024 values.
Typically, real estate in emerging markets like San José appreciates by approximately 3% to 7% annually over the long term. However, fluctuations can occur depending on factors such as location, economic conditions, and property type.
It means that, if you spot a charming 2-bedroom apartment in Escazú for 150,000,000 colones today, don't be surprised if it's priced between 154,500,000 and 160,500,000 colones this time next year.
To give you a better understanding, here is a table that shows 7 types of San José real estate properties, their estimated prices in 2024, and projections for 2025 based on potential price increases of 3%, 5%, and 7%.
| Type of Property | Average Price in 2024 (₡) | Price in 2025 (3% increase) | Price in 2025 (5% increase) | Price in 2025 (7% increase) |
|---|---|---|---|---|
| Apartment in Escazú (60 sqm / 646 sqft) | ₡150,000,000 | ₡154,500,000 | ₡157,500,000 | ₡160,500,000 |
| Modern Condo in Santa Ana (75 sqm / 807 sqft) | ₡200,000,000 | ₡206,000,000 | ₡210,000,000 | ₡214,000,000 |
| Luxury Penthouse in Rohrmoser (100 sqm / 1,076 sqft) | ₡500,000,000 | ₡515,000,000 | ₡525,000,000 | ₡535,000,000 |
| Studio in San Pedro (30 sqm / 323 sqft) | ₡75,000,000 | ₡77,250,000 | ₡78,750,000 | ₡80,250,000 |
| Loft in Curridabat (80 sqm / 861 sqft) | ₡250,000,000 | ₡257,500,000 | ₡262,500,000 | ₡267,500,000 |
| Townhouse in Heredia (150 sqm / 1,615 sqft) | ₡350,000,000 | ₡360,500,000 | ₡367,500,000 | ₡374,500,000 |
| Investment Property in Alajuela (50 sqm / 538 sqft) | ₡100,000,000 | ₡103,000,000 | ₡105,000,000 | ₡107,000,000 |
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Everything you need to know is included in our Property Pack for San José (Costa Rica)
If real estate prices go up in San José, which areas are likely to see the biggest increases?
Today, people who want to move to San José want the charm, but they also want modern conveniences and vibrant social scenes, which Escalante delivers. Hence, we could see a price increase there in 2025.
Also, lately, there's been a shift toward more youthful, vibrant neighborhoods, and Santa Ana has really taken off.
We like it when information is clear and easy to digest. So, here’s a table that highlights the areas where prices might rise the most, along with the reasons behind those expected increases. It’s very high-level. If you want more details on a specific area, please check our real estate pack tailored to the San José market.
| Neighborhood | Level of Increase | Why |
|---|---|---|
| Escalante | High | Recent development of trendy cafes and restaurants, along with its increasing appeal to young professionals and expatriates, driving demand. |
| Santa Ana | High | Expected rise due to limited housing stock, upcoming luxury residential projects, and growing demand for prime properties in suburban areas. |
| Rohrmoser | Medium-High | Ongoing gentrification and new transport links, along with several planned redevelopment projects in the area, are likely to push prices higher. |
| Sabana | Medium | The shift towards hybrid workspaces is driving demand for residential properties near business districts, combined with new mixed-use developments. |
| Curridabat | Medium-High | Eco-friendly urban projects and recent construction of new schools and parks are increasing its attractiveness for families, pushing prices upward. |
| San Pedro | Medium | Investment in local infrastructure, such as the extension of public transport lines and renovation of historic areas, is boosting long-term value. |
| La Uruca | Medium-High | With new cultural and commercial spaces being developed, this area is seeing increased demand from both residents and investors. |
| Pavas | High | Upcoming large-scale urban regeneration projects and improved public transport access are expected to make this area more desirable. |
| Guachipelín | Medium-High | Its proximity to San José, along with new office and residential developments, makes it increasingly attractive to professionals seeking more space. |
| Desamparados | Medium | Gentrification and cultural regeneration projects are attracting new residents, leading to rising prices as the area becomes more fashionable. |
| Moravia | High | As new luxury developments are launched, demand for premium housing among wealthy buyers is expected to further increase property values. |
| Escazú | High | Upcoming restoration of historic sites and high-profile cultural projects are driving a renewed focus on this central, upscale location. |
-The best areas to buy a property in San José (Costa Rica) -Is it a good time to buy real estate in San José (Costa Rica)?
If I'm looking to invest in real estate, what types of properties should I focus on for the best value appreciation in San José, Costa Rica?
In 2025, San José real estate trends focus on tech-smart, energy-efficient apartments, larger suburban homes for families, properties with outdoor spaces, and eco-friendly buildings—all driving higher demand and prices. Here is a summary.
- Tech-Equipped and Energy-Efficient Apartments:
Driven by remote work and sustainability trends, these homes offer smart technology features and energy-saving systems. They cater to young professionals and tech workers, making them a hot commodity in 2025.
- Family-Sized Homes in Suburban Areas:
With a growing demand for larger living spaces, especially among families, suburban areas near San José are seeing increased interest. Proximity to green spaces, schools, and amenities is a major factor driving value.
- Properties with Outdoor Spaces:
Post-pandemic, outdoor spaces like terraces, balconies, or gardens have become highly desirable. In a city like San José, these features offer a much-needed escape and are likely to drive up property values.
- Eco-Friendly Buildings with Low Carbon Footprints:
San José's commitment to sustainability is boosting demand for eco-certified buildings. Buyers are increasingly valuing properties that align with the city’s green goals, leading to price appreciation in this category.
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