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.

Commercial Lot for Sale Santa Teresa Costa Rica | 396m2 Prime Location

Description

Land for Sale Santa Teresa Costa Rica – Discover a prime commercial lot for sale in the heart of Santa Teresa Costa Rica. This strategically located L-shaped lot for sale offers 396 square meters (4,262 sq ft) of versatile commercial space in one of Costa Rica’s most dynamic real estate markets, positioned just 50 meters from the main road.

This Santa Teresa real estate opportunity begins approximately one meter from the distinctive dark blue wall beneath the wooden structure and extends leftward, opening into a spacious square area at the rear where a house currently stands. This unique configuration provides excellent visibility and accessibility, making it ideal for various commercial ventures in Santa Teresa Costa Rica.

At $320,000, this off-market property for sale presents a rare opportunity to invest in Santa Teresa’s real estate market. The commercial lot combines the convenience of main road proximity with the established infrastructure of the surrounding area, making it one of the most attractive lots for sale in Santa Teresa Costa Rica.

Key Features of this Santa Teresa Land for Sale:

396m2 of commercial-zoned land
L-shaped configuration offering versatile development options
Strategic location 50 meters from the main road
Existing structure on the property
Full utilities available
Exclusive off-market listing in Santa Teresa Costa Rica

This commercial property for sale in Santa Teresa positions investors perfectly to capitalize on the area’s continued growth and development. The combination of commercial zoning and strategic positioning makes this real estate investment particularly attractive for business development in Costa Rica.

As an exclusive off-market land listing in Santa Teresa, this property represents a unique chance to secure a commercial foothold in one of Costa Rica’s premier real estate markets. Contact us to learn more about this distinctive investment property for sale in Santa Teresa Costa Rica.