This phenomenon is pervasive in the real estate market. Tourists, expats, or tourists turned expats buy up land, build property, and then rent out their property via Airbnb or private rentals to other foreigners. This creates a closed-looped system where the foreigner benefits from the land, the property, and the tourism in the country, but little to no long-term commercial gain takes place for Ticos.
Are Costa Ricans being left out of Costa Rica’s Real Estate Boom
