Engel & Völkers expands global presence with market entry into Costa Rica
- The international real estate Group opens first shops in Playa Hermosa/ Papagayo and Tamarindo
Hamburg, 02 March 2023. Costa Rica, located between Nicaragua and Panama, is regarded as one of the most progressive nations in Latin America and is a sought-after destination for expats.
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Engel & Völkers entered Costa Rica at the beginning of the year, pressing ahead on its international course of expansion with the opening of its first residential property shops in Playa Hermosa/Papagayo and Tamarindo, respectively. “We are delighted to have Carlina Sarabia, Jessica Anawalt Johnson and Jorge Jimenez on board managing this new venture – three strong partners with many years of experience in the real estate industry, as well as extensive networks and in-depth knowledge of the market,” says Anthony Hitt, CEO of Engel & Völkers North and Central America. This new brokerage region for Engel & Völkers encompasses the regions along the Pacific coastline of Costa Rica – from Santa Cruz to Santa Teresa, including Las Catalinas, Flamingo, Potrero, Brasilito, Playa Conchal, Matapalo, Playa Grande, Playa Tamarindo, Playa Langosta, Playa Avellanas, Los Pargos, Playa Negra and Playa Junquillal.
Strong international demand for real estate in Costa Rica
With its mild climate, diverse terrain, idyllic beaches and stable political climate, the country is attracting ever-greater numbers of retirees, students, families and digital nomads from all over the world – as reflected in the growing level of international demand. “The timing for our market entry was chosen very deliberately. Over recent years, Costa Rica has evolved into an up-and-coming residential and investment location, making it an especially exciting growth market for us, with enormous potential for development. Buyers from Canada in particular are showing an interest in real estate here, as prices and the cost of living are still moderate compared to their own country. The market is also becoming increasingly attractive for prospective buyers from the USA, France, Germany, the UK, Australia and Israel,” Anthony Hitt shares.
“We are seeing strong interest in professional advice regarding premium real estate in Costa Rica. The country’s special mix of a relaxed lifestyle and pristine natural beauty makes it a unique place offering a superb quality of life. We are excited to be able to support and advise our clients, together with Engel & Völkers, as they acquire a first or second home here,” says Carlina Sarabia, Licence Partner of Engel & Völkers Costa Rica.
To find out more, please visit costarica.evrealestate.com
