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.

Exclusive Jungle Restaurant: Luxury Expansion - Santa Teresa

Description

Embark on a Profitable Real Estate Journey in the Heart of Santa Teresa

Discover the extraordinary potential of Jungle Restaurant, a flourishing culinary haven nestled in Santa Teresa. This unique commercial property, located in a serene and private area away from the bustling main streets, presents a lucrative opportunity as both a thriving dining establishment and a strategic investment in one of Costa Rica’s most sought-after destinations.

Strategic Location with Expansion Potential

Jungle Restaurant stands as a beacon for gastronomy enthusiasts, surrounded by the natural beauty of Santa Teresa. With its established clientele and a reputation for excellence, it offers a solid foundation for growth. The restaurant has space in the back area to build 4 to 6 units, offering exceptional potential for expansion. Currently a functioning restaurant with a lease of 1 year remaining, it operates with a monthly rent of $3000 during the high season and $2000 during the low season. Imagine transforming this site by adding luxury condos, capitalizing on the area’s demand for residential and hospitality spaces. This opportunity is ideal for those looking to invest in real estate within Santa Teresa, known for its vibrant community and scenic landscapes.

Versatile Investment Opportunity

This property for sale extends beyond a simple restaurant; it’s a versatile platform for a variety of business ventures. Whether your vision includes enhancing the current culinary experience, exploring residential developments, or a mix of both, Jungle Restaurant offers a unique canvas. The potential for capitalizing on real estate in this region, especially in a locale renowned for its tranquility and charm, is immense.

Connect with Nature and Opportunity

Santa Teresa, acclaimed for its lush surroundings and welcoming atmosphere, offers an idyllic setting for those seeking a blend of peaceful living and sophisticated business opportunities. By investing in this property, you’re not just acquiring a piece of Costa Rica’s real estate; you’re embracing a lifestyle in harmony with nature. This is a rare chance to own a property that encapsulates the essence of Costa Rican allure.

Your Gateway to a Thriving Investment Awaits

Embrace the chance to own a part of Santa Teresa’s vibrant real estate scene. Jungle Restaurant is more than just a property; it’s a gateway to endless possibilities in one of Costa Rica’s most enchanting regions. Contact us today to discover more about this exceptional investment opportunity.