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.

Culinary Restaurant in the Heart of San Ramon

Description

Culinary Haven in a Cultural Hub:

Nestled just minutes from the bustling city center of San Ramon, this unique 7.25-acre property presents a rare blend of a thriving restaurant business and expansive land for potential development. San Ramon, celebrated as the “City of Poets and Presidents,” offers a rich heritage fused with vibrant modern life, setting a picturesque backdrop for this culinary and entrepreneurial venture.

Expansive and Multifaceted Property:

Dominating this 7.25-acre landscape is a fully-equipped, popular restaurant, encompassing a generous 10,760 ft² of construction. This space is not just a restaurant but a gateway to multiple development possibilities – from expanding the current culinary establishment to exploring new business ventures in one of Costa Rica’s burgeoning commercial hubs.

Thriving Gastronomic Destination:

The heart of this property is its operational restaurant, renowned for its inviting ambiance, professional-grade kitchen, and spacious dining area. This existing business presents a ready-to-operate opportunity for those aspiring to delve into the gastronomic world or expand their culinary empire.

Versatile Commercial Opportunities:

Complementing the restaurant is a range of amenities, including a professional-grade salon, a capacious terrace perfect for events, and substantial commercial-grade bathrooms. These facilities not only support the restaurant’s operations but also open avenues for diverse commercial endeavors.

Strategic Location with Untapped Potential:

Located on the scenic Interamerican North road, the property is a short drive from San Ramon’s city center, offering picturesque mountain views. This strategic positioning is ripe with potential, be it for agricultural pursuits, eco-tourism projects, or expanding the restaurant to include outdoor dining experiences.

Ready for Business and Expansion:

The property’s ample parking area, accommodating 25 cars, caters to the immediate needs of the restaurant and its patrons, while also offering scope for future development.

Investment with a Vision:

This property stands out in a region that’s attracting increasing interest from foreign investors and tourists. With its established restaurant and vast land, it promises significant investment potential, bolstered by San Ramon’s growing tourist sector and favorable tax incentives.

Living and Thriving in ‘Pura Vida’:

This multifaceted property is not just a business opportunity but a lifestyle choice. It offers the chance to immerse in Costa Rica’s ‘Pura Vida’ ethos, whether through expanding the restaurant, exploring agro-tourism, or envisioning a new retreat.

A Rare Opportunity in San Ramon:

This property represents a unique opportunity to blend culinary passion with entrepreneurial vision in a setting rich in culture and natural beauty. It’s an invitation to expand upon a successful restaurant while exploring the endless possibilities offered by the expansive land.

Embark on this exciting journey in San Ramon, where culture, nature, and business potential converge. Contact us today to explore this exceptional property and the opportunities it holds in the Costa Rican landscape.