Costa Rica’s Tourism Boom Leads to Economic Growth but Housing Challenges

Welcome to Costa Rica, a paradise of biodiversity and natural wonders! The country is currently facing a complex challenge as its booming tourism industry is putting a strain on the local housing market, especially in popular tourist destinations like Nosara.

Despite the challenges, tourism plays a vital role in Costa Rica’s economy, contributing 8.2% to the national GDP and creating over 158,000 direct jobs. However, the influx of tourists and foreign investors has driven up property prices, making it increasingly difficult for locals, particularly in areas like Monteverde, to afford housing.

On a positive note, Costa Rica remains committed to sustainable tourism, investing in eco-friendly lodges and facilities to attract environmentally conscious travelers. The government’s National Tourism Development Plan aims to strike a balance between tourism growth and environmental conservation, with a target of 3.8 million tourist arrivals by 2027.

Sustainability and Future Prospects

With a focus on balancing economic growth with sustainable practices, Costa Rica is working towards maintaining its unique appeal while supporting the needs of its citizens. As the country navigates this path, its ability to find this delicate balance will determine its long-term success.