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The Agency Red Paper

Global perspective on wealth, lifestyle, and the luxury property market. The Agency's flagship research publication, with Costa Rica context from our local team.

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The Agency Red Paper 2026 Mid-Year: A Costa Rica Perspective

The Agency Red Paper 2026 Mid-Year: A Costa Rica Perspective

2026

Real estate is a global industry. The Agency's 2026 Red Paper Mid-Year Report was created to help you understand what's moving markets around the world and sharpen decision-making. We believe knowledge is power. This report is one more example of how The Agency is leading industry conversations in Costa Rica and beyond, delivering meaningful insights that drive momentum.

Key Findings

  • Driven by a massive generational wealth transfer, buyers are securing multigenerational compounds as family alignment assets
  • Eight figure trophy sales are resetting price ceilings in luxury micromarkets globally, elevating entire surrounding ecosystems
  • Rising incomes and home equity have surged demand for homes in the $1M to $5M range, but severe inventory shortages in many North American markets are stymying buyers
  • Geopolitical uncertainty is driving a shift toward strategic optionality in value driven markets like Costa Rica, Panama, and Mexico
  • A new wave of young tech and AI executives is entering the market, prioritizing speed, turnkey readiness, and high tech amenities
  • Extreme weather and political fatigue are transforming vacation destinations into primary residences, extending stays year round

Costa Rica Commentary

The insights from the 2026 Red Paper confirm what we see daily on the ground: global wealth is increasingly prioritizing stability, wellness, and strategic optionality. For luxury buyers and sellers, Costa Rica is uniquely positioned to answer these demands, offering an unmatched combination of political stability, a predictable climate, and a residency framework that transforms a lifestyle purchase into a long term family asset. At The Agency Costa Rica, we see our market evolving from a seasonal retreat into a primary destination for a new generation of global wealth seeking both refuge and return.

Local Perspective

The Agency Red Paper 2026 Mid-Year: A Costa Rica Perspective

Local commentary by The Agency Costa Rica

Every year, The Agency’s Red Paper synthesizes the forces shaping global luxury real estate into a single authoritative read. This year’s edition arrives at a particularly interesting moment for Costa Rica — one where the global themes it identifies don’t just apply here, they play out in sharper relief.

Wellness and intentionality are not trends here. They are the baseline.

The 2026 Red Paper identifies the rise of wellness focused homes and intentional living as defining forces at the highest end of the market. For buyers already looking at Costa Rica, this is not a revelation, it’s the premise. The properties that generate the most serious inquiry in markets like Santa Teresa, Nosara, and the Dominical corridor are precisely those that deliver on it structurally: rainforest views you wake up to, ocean views, open air architecture designed around natural light and airflow, proximity to surf, reserve, and silence. Wellness here is not a feature list. It is the built environment.

The currency dynamic is working in buyers’ favor — and they know it.

The Red Paper examines the impact of a fluctuating U.S. dollar on luxury purchasing decisions. For dollar denominated buyers, Costa Rica remains a market where purchasing power stretches in ways that comparable lifestyle destinations — Tuscany, the Algarve, parts of the Caribbean — no longer permit. A world class ocean view estate here represents a fraction of what an equivalent property commands in established Mediterranean markets. That arithmetic is not lost on the buyers we speak with. It is frequently the closing argument.

Younger wealth is arriving with different expectations.

The report highlights how younger generations are reshaping luxury with an emphasis on authenticity, personalization, and social impact. We see this directly. The buyer profile has shifted. It is increasingly entrepreneurial, frequently remote, and often under 45. They are not buying a retirement property. They are buying a primary or secondary base that reflects how they have chosen to work and live — and Costa Rica’s combination of infrastructure, natural environment, political stability, and residency pathways makes it a credible answer to that question.

Sustainability is now an investment criterion, not a marketing note.

The Red Paper positions sustainability as a cornerstone of long term investment at the luxury tier. Costa Rica has held that position for decades — over 98% renewable electricity, an existing network of private reserves, and a national identity built around environmental stewardship. For buyers who view their real estate decisions through a long term lens, that is a structural advantage that does not depreciate.

Strategic optionality is the new wealth preservation.

As noted in the Red Paper, geopolitical uncertainty is driving buyers toward markets that offer stability and a reliable second residence. Costa Rica’s recently adjusted residency investment framework, now accessible at a $150,000 threshold, has expanded the buyer funnel. This forward thinking policy not only attracts investors earlier but strengthens the higher end of the market, particularly in resort areas like Guanacaste. Buyers are no longer just optimizing investments; they are securing a foothold in a stable jurisdiction.

Climate predictability is extending the season.

The Red Paper highlights a shift from seasonal escapes to long term relocation driven by climate and political fatigue. Costa Rica’s predictable weather and stable governance make it an increasingly attractive option for those looking to escape extreme weather and polarization in their home countries. We are seeing clients extend their stays, turning what used to be vacation homes into primary or co primary residences, prioritizing year round livability and community.

The Red Paper maps where global wealth is going. Our role at The Agency Costa Rica is to translate that map into specific ground — the right markets, the right assets, and the right moment to act. The global appetite it describes is real. So is the opportunity here.

Andr\u00e9s Riggioni & Clari Vega

The Agency Costa Rica

Annual Edition

The Red Paper 2026

The Red Paper 2026

2026

The 2026 edition examines how wellness and intentional living have become defining forces at the highest end of the market, how currency dynamics are reshaping purchasing power across borders, how younger wealth is arriving with fundamentally different expectations, and how sustainability has evolved from marketing note to investment criterion.

Key Findings

  • Wellness and intentional living are now defining forces at the highest end of the luxury market
  • Younger wealth is reshaping luxury with emphasis on authenticity, personalization, and social impact
  • Sustainability has evolved from a marketing note to a core investment criterion at the luxury tier
  • Currency dynamics continue to favor dollar-denominated buyers in select lifestyle markets

Costa Rica Commentary

The global themes identified in the 2026 Red Paper do not just apply to Costa Rica — they play out here in sharper relief. Wellness is not a trend here; it is the baseline. The properties generating the most serious inquiry in Santa Teresa, Nosara, and the Dominical corridor are those that deliver on it structurally.

Local Perspective

The Red Paper 2026

Local commentary by The Agency Costa Rica

Every year, The Agency’s Red Paper synthesizes the forces shaping global luxury real estate into a single authoritative read. This year’s edition arrives at a particularly interesting moment for Costa Rica — one where the global themes it identifies don’t just apply here, they play out in sharper relief.

Wellness and intentionality are not trends here. They are the baseline.

The 2026 Red Paper identifies the rise of wellness focused homes and intentional living as defining forces at the highest end of the market. For buyers already looking at Costa Rica, this is not a revelation, it’s the premise. The properties that generate the most serious inquiry in markets like Santa Teresa, Nosara, and the Dominical corridor are precisely those that deliver on it structurally: rainforest views you wake up to, ocean views, open air architecture designed around natural light and airflow, proximity to surf, reserve, and silence. Wellness here is not a feature list. It is the built environment.

The currency dynamic is working in buyers’ favor — and they know it.

The Red Paper examines the impact of a fluctuating U.S. dollar on luxury purchasing decisions. For dollar denominated buyers, Costa Rica remains a market where purchasing power stretches in ways that comparable lifestyle destinations — Tuscany, the Algarve, parts of the Caribbean — no longer permit. A world class ocean view estate here represents a fraction of what an equivalent property commands in established Mediterranean markets. That arithmetic is not lost on the buyers we speak with. It is frequently the closing argument.

Younger wealth is arriving with different expectations.

The report highlights how younger generations are reshaping luxury with an emphasis on authenticity, personalization, and social impact. We see this directly. The buyer profile has shifted. It is increasingly entrepreneurial, frequently remote, and often under 45. They are not buying a retirement property. They are buying a primary or secondary base that reflects how they have chosen to work and live — and Costa Rica’s combination of infrastructure, natural environment, political stability, and residency pathways makes it a credible answer to that question.

Sustainability is now an investment criterion, not a marketing note.

The Red Paper positions sustainability as a cornerstone of long term investment at the luxury tier. Costa Rica has held that position for decades — over 98% renewable electricity, an existing network of private reserves, and a national identity built around environmental stewardship. For buyers who view their real estate decisions through a long term lens, that is a structural advantage that does not depreciate.

The Red Paper maps where global wealth is going. Our role at The Agency Costa Rica is to translate that map into specific ground — the right markets, the right assets, and the right moment to act. The global appetite it describes is real. So is the opportunity here.

Andr\u00e9s Riggioni & Clari Vega

The Agency Costa Rica

Archive

2025

The Red Paper 2025

2025

The 2025 edition examines shifting wealth patterns, the continued decentralization of luxury living, and how geopolitical uncertainty is reshaping buyer behavior across global markets.

Read →

2024

The Red Paper 2024

2024

The 2024 edition explored the post-pandemic luxury landscape, examining how remote work, digital wealth, and a new generation of buyers are redefining what luxury means in real estate.

Read →

About the Red Paper

The Red Paper is The Agency's research publication, examining trends in global wealth, lifestyle, and luxury property markets. Published regularly by The Agency's research team and distributed across our international network of more than 165 offices in 15 countries.

The Agency Costa Rica contributes local market perspective to each issue, interpreting global findings through the lens of the Costa Rica luxury market.

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