However there are others that have grown tired of waiting and have instead elected to invest in Costa Rica real estate for a more lucrative and secure investment.
Officials with the foremost authority in the field, Costa Rica Real Estate®, are saying that over the past year they've been seeing impressive sales numbers and are forecasting much of the same heading in to 2013.
"Finally after a few years of weak sales, we are beginning to see a rise in interest amongst North Americans looking to relocate their savings to a more secure and profitable alternative to the volatile US housing markets." said Jerad Portner of Costa Rica Real Estate® (http://www.costaricarealestate.com)
This bodes well for sellers too after so many years of living amidst a buyer's market there's now a healthy balance between affordable pricing and homeowners acquiring fair market values for their homes.
However there still exists a thriving sub-section of the Costa Rica real estate market - one of "firesales".
Casey Stamps of Costa Rica Real Estate Service in Dominical commented...
"Prices are high in the cities whereas along the coastal regions we are seeing some incredible deals - firesales if you will - on ocean-view properties and homes."
As the country prepares itself for another high (tourist) season, many Costa Rica real estate agencies are predicting a welcome rise in sales.
For more information on purchasing Costa Rica real estate, please visit CRREC - your authority on buying or selling real estate in Costa Rica - http://www.costaricarealestate.com