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.

Apartment Block Available for Purchase

Description

Nestled in the lush landscapes of Heredia province, the serene and picturesque town of Santo Domingo de Heredia offers a unique blend of colonial charm and modern comforts, making it an ideal location for the exclusive sale of an entire apartment block. With a total area of 1,057 m² (11377 square feet) and a built area of 600 m² (6458 square feet), this property is a rare find in one of Costa Rica’s most sought-after locations, now available for purchase at 1.5 million USD.

Santo Domingo de Heredia is celebrated for its beautiful Spanish architecture, evident in the sprawling colonial houses and the majestic Santo Domingo de Guzman Basilica. The town’s geographical location in the Central Valley ensures a climate that is as inviting as its landscapes, surrounded by coffee plantations, rainforests, and volcanoes. This property, with its expansive grounds and spacious living areas, offers endless possibilities for development into a luxurious living space or a high-end rental complex.

The region is known for its rich agricultural heritage, vibrant culture, and natural beauty. The nearby Braulio Carrillo National Park and INBio Park offer residents and visitors a chance to experience the diverse geological features, abundant wildlife, and rich biodiversity of Costa Rica. This apartment block represents not just a prime real estate opportunity but a chance to be part of a community that values tranquility and nature while being in close proximity to modern amenities.

Bernard Realty is proud to present this standout opportunity for investors and homebuyers seeking a blend of tranquility, beauty, and convenience in one of Costa Rica’s most beautiful towns. For more information or to schedule a viewing, please contact us today. This is your chance to own a piece of paradise in Santo Domingo de Heredia, Costa Rica. Don’t let this opportunity pass you by!