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.

Papagayo Paradise: A Visionary Luxury Development in Costa Rica

Description

Spanning a combined 389 hectares within the lush landscapes of Guanacaste, Papagayo Paradise represents an unparalleled opportunity for discerning investors and developers. This distinguished property, divided into two expansive parcels, seamlessly integrates the unspoiled beauty of Costa Rica with immense potential for luxury development.

67 Hectares with Ocean View:

The first parcel, encompassing 67 hectares, boasts rolling hills and verdant terrain, all set against the backdrop of stunning ocean views. This site is perfectly suited for the development of an exclusive resort, upscale residential community, or a bespoke mixed-use estate, offering a serene and luxurious retreat that complements the natural splendor of Papagayo.

321 Hectares with Proximity to the Beach:

The adjacent 321 hectares, while not directly beachfront, offer close proximity to the beach and command breathtaking ocean views. This vast area is ripe for a visionary joint venture, ideal for creating a premium destination that could include sophisticated accommodations, leisure, and wellness facilities, set amidst the rich biodiversity and scenic beauty of the area.

Strategic Location & Unmatched Lifestyle:

Papagayo Paradise is strategically positioned among the most luxurious developments and natural wonders in the world. Its proximity to the Liberia International Airport enhances accessibility, making it an attractive destination for international clientele. The region is celebrated for its commitment to sustainability, offering a lifestyle that blends luxury with respect for the natural environment, and provides access to world-class amenities, outdoor adventures, and cultural experiences.

A Legacy of Luxury Living:

Beyond a development opportunity, Papagayo Paradise is a chance to create a legacy in one of the most beautiful settings on earth. It invites a community that values exclusivity, privacy, and a sustainable relationship with nature. Here, luxury living reaches new heights, set within a context of unparalleled beauty and environmental stewardship.

Your Invitation to Shape the Future:

We call upon investors and developers with a vision for groundbreaking luxury and sustainability to explore the potential of Papagayo Paradise. This is more than a property; it’s a canvas for creating something truly extraordinary in the realm of luxury real estate.

Embrace this unique opportunity to make a significant impact on the luxury landscape of Costa Rica. For further details and to explore partnership possibilities, please contact us. Let’s bring the vision of Papagayo Paradise to life, crafting an iconic destination that stands as a testament to luxury, innovation, and harmony with nature.