A Verdant Three-Bedroom Home in El Salvador
This low-slung villa compound is tucked into a lushly landscaped tropical garden, steps from a private beach and beach club on the Pacific Coast of El Salvador.
The property, on a third of an acre in the Bahia Dorada beach community, has two residences — one with two bedrooms and one bathroom, and the other with the main bedroom suite.
The home, being sold furnished, is arranged in a traditional Salvadoran ranch layout, with the living areas split between indoor and outdoor spaces, said the seller, Anna Rooney. Whimsical touches include brightly colored walls and handcrafted textiles. The dining room, living room and kitchen are outdoors, while the bedrooms and several sitting areas are indoors. The property also has quarters for a housekeeper.
Mauricio Ramirez, an agent with San Salvador-based RE/MAX Central, noting that the market “started to see the nice jumps” in demand during the spring. He said his agency is now seeing more foreign buyers than before the pandemic. Some are Salvadoran immigrants returning home, while others have no ties to El Salvador and are looking to retire there.
Encuentra 24, the median price in San Salvador reached $113 a square foot in June — a 28 percent increase from March 2020, when the median hit a low of $88 a square foot. Encuentra 24 currently shows about 9,000 listings available in San Salvador, the country’s largest market.
Mr. Ramirez said prices in El Salvador are lower than in neighboring Guatemala and higher than in Honduras. For the same price, a home in Honduras might be “bigger, better,” while a comparable home in Guatemala might cost around 25 percent more, he estimated.
Beyond the familiar pandemic-driven reasons for an increase in demand — namely buyers looking to relocate and find more space — Mr. Varquero said several government initiatives have helped El Salvador’s beachfront real estate market. One has been a push to solidify the country’s reputation as a global surfing hub by landing the International Surfing Association’s 2021 World Surfing Games, among other surfing competitions. Another has been investment in infrastructure, security, water and access to electricity.