Purchasing property in Costa Rica is an exciting opportunity, but it’s important to understand the process before making an investment. Below are answers to common questions to help guide you through buying real estate in Costa Rica.

How strong is the real estate market in Costa Rica active?

Yes, the market in Costa Rica has seen steady growth, particularly in desirable locations such as Samara. Demand for vacation homes, rental properties, and investment opportunities continues to rise.

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Can foreigners buy property in Costa Rica?

Yes! Costa Rica allows 100% foreign property ownership with the same rights as locals. The only exception is maritime zone properties (beachfront within 200m of the high tide line), which are under a concession system. Foreigners need a Costa Rican partner or corporation to own these properties.

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Should I buy property through a Costa Rican corporation?

While not required, purchasing through a corporation offers benefits such as anonymity, liability protection, and easier management of utility accounts. Common structures include:

• Sociedad Anónima (S.A.) – Requires at least four acting members.

• Sociedad de Responsabilidad Limitada (S.R.L.) – Requires only two members and is often simpler to manage.

What are the closing costs and fees when buying property?

Closing costs in Costa Rica typically range between 3%–5% of the purchase price and include:
✔ Transfer tax (1.5%)
✔ Legal fees (1%–1.5%)
✔ Notary & registration fees (varies)

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Do I need a Costa Rican bank account to buy property?

No, but it can help with utility payments and expenses. Most property purchases are done via international wire transfers to an escrow account.

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Is financing available for foreigners?

Costa Rican banks have strict lending requirements for foreigners, so most buyers use:
✔ Cash purchases
✔ Home equity loans from their home country
✔ Private financing or seller financing (case by case)

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What is the process of buying a property?

1. Find a property and negotiate an offer.

2. Sign a formal purchase agreement with a deposit (typically 10%).

3. Conduct due diligence (title search, inspections, legal verification).

4. Sign the final closing contract with a notary.

5. Transfer funds & register the property in your name or corporation.

Are property taxes expensive in Costa Rica?

No, property taxes are low—just 0.25% of the registered property value per year.

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How do I verify that a property has a clean title?

A real estate attorney will conduct a title search in the National Registry to confirm:
✔ The seller has legal ownership.
✔ The property has no liens, encumbrances, or legal disputes.
✔ Zoning regulations allow your intended use (residential, commercial, etc.).

Do I need a lawyer to buy property?

Yes, an attorney is essential for conducting due diligence, drafting contracts, and registering the transaction with the National Registry. A qualified real estate lawyer ensures that the property has a clear title and that all legal requirements are met.

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Do I need a property manager if I’m not living in Costa Rica full-time?

If you don’t plan to reside in Costa Rica year-round, hiring a property manager is highly recommended. They can handle maintenance, security, rental management, and local utility services on your behalf.

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What are the costs of building a home in Costa Rica?

Construction costs vary depending on location, materials, and design preferences. On average, expect to pay between $95–$140 per square foot for mid-range construction, with higher-end finishes increasing costs.

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Can I buy property remotely from another country?

Yes! Many buyers purchase property remotely with the help of a trusted real estate attorney. All documents can be signed via power of attorney, and funds are wired through escrow services.

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What happens if I want to sell my property later?

✔ Property sales are subject to capital gains tax (15%), but exemptions exist for primary residences.
✔ Resale values are strong in sought-after areas like Samara, Nosara, and Carrillo.
✔ Listings are marketed through local MLS databases, real estate agents, and online platforms. 

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Buying property in Costa Rica is a straightforward process when handled with the right guidance. If you’re ready to invest in a home or land, contact us today to get started!