Is it Safe to Invest in Costa Rican Real Estate?

Investing in Costa Rican real estate is considered safe for foreign investors. In Costa Rica, international buyers enjoy equal rights to purchase and own property as locals do. You can own property either in your name or through a Costa Rican corporation, which may be owned by a foreign entity. For more insights on investment safety, visit our Real Estate Investment Safety page.

How Can I Verify the Legality of a Property in Costa Rica?

To ensure a property’s legality in Costa Rica, check its registration in the National Public Registry of Properties. Legally registered properties have a unique Folio Real number and a Plano Catastro number. For detailed guidance, see our Property Legal Verification guide.

Who Manages the Transaction Funds in Costa Rica?

In Costa Rica, transaction funds over $10,000 must pass through a SUGEF-registered escrow agency, safeguarding your investment during the due diligence process. Bernard Realty recommends trusted escrow services for secure transactions. Learn more on our Escrow Services page.

Is a Real Estate License Required in Costa Rica?

In Costa Rica, real estate licensing is encouraged but not mandatory. Bernard Realty agents are licensed and adhere to standards set by Costa Rica Global Associations of Realtors, aligned with NAR standards. Discover more about our professional standards on our Agent Licensing page.

What About Title Insurance in Costa Rica?

While Title Insurance isn’t common in Costa Rica, thorough property investigations by attorneys offer similar security. They trace property histories to ensure clear titles. For more information, check out our Title Investigation Services section.

Understanding Property Taxes in Costa Rica?

Property taxes in Costa Rica are uniform across the country and notably low. The rate is generally 0.25% of the property’s registered value per annum. For instance, if you own a property with a registered value of $200,000, the annual property tax would be approximately $500. This makes Costa Rica an attractive destination for property investment. For more details on property taxation, refer to our Property Tax Overview section.

Can Foreigners Own Beachfront Property in Costa Rica?

Foreigners can own beachfront property in Costa Rica under certain conditions, such as holding a concession for 20 years or owning through a corporation structure in condo developments. For detailed information, visit Beachfront Ownership Regulations.

Options for Financing a Property in Costa Rica

While direct mortgages to foreigners are rare, there are alternative financing options, including owner financing or using a self-directed IRA. Explore financing options on our Property Financing page.

Residency Requirements for Living in Costa Rica

To live in Costa Rica full-time, legal residency is required. Temporary stays up to 180 days are allowed for most international travelers without special visas. Learn more about residency requirements on our Residency Guidelines page.

What to Expect for Closing Costs in Costa Rica

Closing costs in Costa Rica are government-regulated, usually about 4% of the property’s value. Costs include notary fees, transfer taxes, and documentary stamps. Get a detailed breakdown on our Closing Costs page.

Do I Need an Attorney for Property Purchase in Costa Rica?

An attorney is essential for property transactions in Costa Rica, handling due diligence and property registration. Bernard Realty can connect you with experienced attorneys. Find out more on our Legal Assistance page.

Options for Holding Property in Costa Rica

Properties in Costa Rica can be owned personally or through a Costa Rican Corporation. The latter is often recommended for non-residents. Our agents can provide detailed advice, as outlined on our Property Ownership Options page.

Cost of Real Estate in Costa Rica

Real estate costs in Costa Rica vary, catering to diverse budgets and preferences. Bernard Realty offers properties ranging from affordable lots to luxury estates. Explore our listings on the Property Listings page.

Homeowners Association Fees in Costa Rica

HOA fees depend on the development and amenities provided. These fees cover maintenance, security, and other services. For a comprehensive overview, visit our Homeowners Association Fees page.

Great Commercial Land Opportunity in Escazú, Costa Rica

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Featured For Sale Hot New Listing

Costa Rica, San Jose, Escazu

$3,500,000

Overview

Commercial Properties in Costa Rica
Property Type

8,062
Lot Sq Ft

4
Bedrooms

3
Bathrooms

Description

Nestled in the heart of Escazú, one of Costa Rica’s most prestigious and vibrant areas, this expansive commercial land offers a unique and promising investment opportunity. Spanning over 8,061.99 square meters (86,781.59 square feet), the property presents a versatile canvas for a variety of commercial endeavors, capitalizing on its prime location next to the popular Mas X Menos supermarket in Guachipelin.

This exceptional plot not only promises high visibility and foot traffic, ideal for retail outlets, corporate buildings, or mixed-use developments, but also houses a hidden gem – a 4 bedroom, 3 bathroom house. Although currently a fixer-upper, this house offers potential as a private residence, staff accommodation, or a boutique business, providing flexibility in utilization according to your vision.

The property’s size and location make it a standout investment, offering ample space for large-scale commercial projects, while the existing structure invites a creative revamp, blending commercial and residential elements. Whether you envision a bustling commercial hub, a residential project, or a hybrid of both, this land provides the foundation for your ambition.

Offered at $3,500,000 USD, this property represents a rare opportunity to invest in Escazú’s thriving commercial landscape. The chance to own such a significant piece of land, complete with a house that beckons a transformative touch, is a call to investors, developers, and visionaries eager to make their mark in one of Costa Rica’s most coveted locations.

Don’t miss out on this versatile commercial land opportunity, where potential meets prestige in Escazú. Contact us now at Bernard Realty!