Combining Real Estate Investment and Tourism in Costa Rica ⋆ The Costa Rica News
There is a niche within the rental business where much higher profitability can be achieved. It is nothing more than an investment in a house for tourists, where tourism plays a very important role and Costa Rica is experiencing its golden age.
This industry accounts for more than 10% of the country’s GDP and is a major engine for the real estate sector. Tourist housing has been positioned as an alternative to hotels and the best way to invest money if you want to take advantage of the huge data on tourism in Costa Rica.
Profitable business: housing + tourism
That renting housing for tourism is the best way to invest money is not an unsubstantiated claim for very different reasons, including the fact that Costa Rica is the most sought-after country by Europeans and North Americans in all of Central America, and more and more More people prefer to stay in a house than in a hotel during their vacation. In fact, in the experience, 92% of tourist apartment users would repeat this modality again.
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Aside from traditional real estate investments, the numbers show that short term rentals are more profitable than long term rentals. Profitability when a home is marketed on the platform is almost four times higher than when it is rented out for an extended period of time.
If you want to combine real estate investing with one of the country’s major industries, vacation rental is the best way to invest money. In addition to the high profitability of apartments and houses for tourist purposes, this type of rental also offers other advantages such as:
- Secure payment: Eliminates the risk of bad debts as 99% pay before they occur.
- Allows checking the status of the accommodation between stays.
- Better care of the house: The house is looked after more than with long-term rentals.
- The care of the house is more controlled in holiday season rentals, since a control of the condition of it is carried out continuously.
- Guest selection: You can also make a guest selection based on your criteria, e.g. B. by age filters, pets, couples, families, etc.
- Rental for tourists, of course Its usage requires a lot more commitment given the management involved. Tenants must be received and looked after at all times and take care of cleaning and maintenance.
Daniel Yepez / TCRN columnist