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.

Land for Sale - Mixed Land Use in Guachipelín de Escazú

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Featured For Sale Hot New Listing

Land for Sale – Mixed Land Use in Guachipelín de Escazú

Costa Rica, San Jose, Escazu

$420,000

Overview

Commercial Properties in Costa Rica, Land For Sale in Costa Rica
Property Type

6,028
Lot Sq Ft

Description

This prime 560 m² lot in Guachipelín de Escazú is now available for sale, with a negotiable price of $420,000 (offers considered). With 20.5 meters of frontage, this property is ideal for both commercial and residential development.

The property comes with a pre-approved project for commercial spaces, with plans approved by the Municipality, making it a fantastic opportunity for investors.

The location is unbeatable—situated on the main road in Guachipelín (Route 310), next to Banco General, and across the street from Condominio Cerro Alto. Just 2 minutes from Distrito 4, this lot offers exceptional accessibility and visibility.

Financing is available with favorable terms and a low down payment.

Don’t miss out on this opportunity—contact us today to learn more or to schedule a visit!

Descripción de la Propiedad en Español:

Lote en Venta – Uso de Suelo Mixto en Guachipelín de Escazú

Este lote de 560 m² en Guachipelín de Escazú está disponible para la venta, con un precio negociable de $420,000 (se escuchan ofertas). Con 20.5 metros de frente, esta propiedad es ideal para el desarrollo tanto comercial como residencial.

La propiedad se vende con un anteproyecto de locales comerciales, con planos aprobados por la Municipalidad, lo que la convierte en una excelente oportunidad para inversionistas.

La ubicación es privilegiada—situado sobre la carretera principal en Guachipelín (Ruta 310), al lado de Banco General, y frente al Condominio Cerro Alto. A solo 2 minutos de Distrito 4, este lote ofrece una accesibilidad y visibilidad excepcionales.

Se puede financiar con términos muy favorables y una prima baja.

No pierda esta oportunidad—contáctenos hoy mismo para obtener más información o para programar una visita!

Address

Open on Google Maps

City Escazu
Province/county San Jose
Area Escazu - Real Estate & Properties For Sale
Country Costa Rica

Details

Updated on August 28, 2024 at 9:23 pm

Price: $420,000
Land Area: 6,028 Sq Ft
Property Type: Commercial Properties in Costa Rica, Land For Sale in Costa Rica
Property Status: For Sale