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.

Ocean Panoramic View Beach Home - Costa Rica Real Estate

Description

This exquisitely renovated duplex stands as a testament to the harmonious blend of modern sophistication and the untouched beauty of Costa Rica’s Pacific coast. Nestled on a verdant hillside, it affords its occupants majestic ocean views and a front-row seat to the natural splendor of the iconic Manuel Antonio National Park.

The upper unit, an elegantly appointed sanctuary, features 1 bedroom and 1 bathroom across 500 square feet of meticulously designed space. It is a haven of tranquility and light, offering an open-plan living area that invites the outdoors in. Here, mornings are greeted with the serene sounds of crashing waves, while evenings are spent under the canopy of a starlit sky on your private balcony, amidst the vibrant tableau of local wildlife.

The lower unit unfolds a different aspect of coastal charm with its broad vistas over the ocean. This space boasts 1 bedroom and 1 bath within 700 square feet of opulent living area, where each detail is crafted to enhance the experience of luxury and relaxation. From this vantage point, the breathtaking landscape of Manuel Antonio becomes your everyday backdrop, whether you’re luxuriating inside or basking by the pool.

More than just a stunning residence, this duplex offers a golden ticket for investors. Its strategic location a short stroll from the heartbeat of Manuel Antonio means dining, shopping, and entertainment are merely moments away. This blend of accessibility and seclusion makes it an ideal candidate for a high-return vacation rental.

Embrace the epitome of coastal elegance with this duplex, cleverly designed so you can enjoy personal use without disrupting the income stream from your rental unit. Whether seeking a serene retreat or an astute investment, this property invites you to realize your vision of paradise in Manuel Antonio.

Don’t let this unparalleled opportunity slip away. Reach out today to schedule a viewing and start living your dream in the lush landscape of Costa Rica.