Latin America

Airbnb Potential in Barrio Escalante, San José: The Capital’s Coolest Neighbourhood

Barrio Escalante is one of the most desirable neighbourhoods in San José, Costa Rica. With growing demand from both locals and tourists, this thriving cultural hub is a hotspot for property investors—particularly those interested in short-term lets like Airbnb.

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Barrio Escalante, one of the best neighbourhoods in San José, is teeming with opportunities for property investors. This energetic part of the Costa Rican capital is an acclaimed hub of gastronomy, culture and hospitality.

As popular with tourists as it is with locals, Barrio Escalante has transformed from a modest residential district to one of Central America’s must-see spots. Only recently, it was named one of the coolest neighbourhoods in the world by Time Out Magazine—a title that attests to Barrio Escalante’s cultural prowess and global standing.

The neighbourhood enjoys a prime position between San José’s business district and the city’s university neighbourhoods. An influx of students, coupled with local government initiatives, kickstarted the area’s cultural development. Today, Barrio Escalante draws swathes of locals and tourists to its streets with a winning combination of food, culture and nightlife.

Exploring the Neighbourhood’s Allure

Barrio Escalante is renowned for its eclectic and world-class cuisine. Wander down to Calle 33, or ‘Paseo Gastronómico la Luz’, for a variety of restaurants, bars, food trucks, and coffee shops.

A diverse collection of local food vendors gather in Jardín de Lolita, the neighbourhood’s most popular food court. The space is decked out with colourful shipping containers, hanging plants and large murals, giving it a trendy and industrial feel.

The neighbourhood is also a unique destination for shoppers in San José, boasting an array of independent boutiques, artisan stores, and intimate bookshops where you can easily while away an afternoon.

Those looking for a more traditional shopping experience should stop by Feria Verde de Aranjuez on a Saturday morning. Crowned the city’s best farmers market, the Feria Verde has a large number of stalls selling everything from Costa Rican fruit and vegetables to artisan soaps and handpainted flower pots.

Cine Magaly is one of the neighbourhood’s landmark venues, having first opened its doors in the late 70s. Built in an exquisite Art Deco style, this unique movie theatre presents independent and award-winning films alongside various festivals and cultural exhibitions.

When you’re ready to escape Escalante’s urban buzz, Parque Francia offers a breath of fresh air and plenty of green space. This humble park, perched on a one-way roundabout, is a popular meeting place for locals and tourists. Small gatherings, lush flora, and live entertainment from local street performers come together to create a peaceful and inviting atmosphere.

Property in Barrio Escalante

With exciting cultural venues, world-class cuisine, and warm hospitality, Barrio Escalante offers various lifestyle benefits—making it a great place to live, visit and invest.

Its rich cultural scene and consistently pleasant climate attract visitors all year round, creating a high demand for rental properties. Growing demand from tourists, coupled with a shortfall in hotels and holiday lets, makes Barrio Escalante an ideal destination for those looking to invest in short-term lets like Airbnb.

On AirDNA, Barrio Escalante has a submarket score of 95/100, demonstrating its strong investment potential.

Airbnb owners generate an annual revenue of ₡6.4M, which equates to around $12,469. The average short-term let commands a daily rate of ₡33.4K ($65), while luxury rentals are being listed for ₡57.7K ($112) per day on average. Interestingly, 81% of all holiday rentals in the area have just one bedroom, pointing to a gap in the market for larger homes.

As the neighbourhood continues to gain popularity among visitors and homebuyers, property values are set for strong appreciation. While it may be one of the more sought-after areas of the capital, Barrio Escalante remains an affordable option for overseas investors. This is because property prices in Costa Rica are significantly lower than those in the U.S. and UK, opening up exciting opportunities for investors to build equity through homeownership.

Whether you’re looking for a unique new home or a lucrative investment property, Barrio Escalante is a thriving neighbourhood with excellent amenities and plenty of potential.

To find out more about property investment opportunities in Barrio Escalante, get in touch. Our team can provide further insight into the market and introduce you to available properties.

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