Should I buy or rent a home in Escazu?

If you have not spent a lot of time in Escazu, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"We have bought and sold several properties in Costa Rica. We had the help of an attorney and it was simple. Properties are bought in the name of corporations. One thing to remember though, it is always easy to buy, but not always easy to sell. The market is SLOW...nothing like the fast turning market in the US. Most people pay cash as financing is a nightmare," said a member in Escazu, Costa Rica.

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"The decision to buy or rent a home in Escazu depends on a variety of factors including the individual's lifestyle, budget and long-term goals. It may be better to rent if you plan to live in the area for a short time, or if you are not financially well-off. On the other hand, if you have enough funds and plan to live in the area for a long time, buying a home in Escazu may be the better option. Additionally, you should also research the local housing market to determine whether buying or renting is more economical," remarked another expat who made the move to Escazu, Costa Rica.