Investments in Costa Rica

In the mid-1990s, I got to go on vacation to Costa Rica several times. After visiting Jamaica on a previous vacation, I realized that my desire to invest in vacation rental properties was growing.

In Costa Rica I saw safe zones, the best beaches in the world and beautiful countryside. Similar to the US housing market, real estate in Costa Rica has skyrocketed over the years, and soon $200,000 will barely get you a place. Again, just like the US housing market, the chance to own a piece of property in Costa Rica is great! I snapped up a pre-construction condo in Manuel Antonio and am using the Absentee Owner Program to manage my investments. At the time, real estate was relatively cheap and $100,000 could buy you a lot, now that prices have stabilized, you can find a house or condo worth the investment.

Prices are stable and absentee programs are an easy way to pay for your property

myself This is what I have used and continue to use on properties I am interested in in Costa Rica. Typically, you pay a commission of between 30% and 50% (50% is pretty high) to the management.

This is after all property costs are paid when the condominium charges a monthly association fee. However, even after paying commissions, owners can expect to make at least 10% return on investment through rentals AND still be able to use the property for free for a period of time each year so you can have your own vacation that pays for itself. Costa Rica is becoming one of the #1 tourist destinations in the world and being able to own a piece of property here is amazing!

Many celebrities and even ordinary people are investing in Costa Rica. With a stable government and a friendly culture, investing is fun and if you want anything from a small house in the jungle to a large Caribbean style house with a pool, we are the right choice. We will guide you through the process, including attorneys, and make the process smooth and the investment right for you.

Buying real estate in Costa Rica

Natural beauty, pleasant climate and friendly people of Costa Rica attract investors

all over the globe. Buying real estate is one of the first and most expensive decisions

they will make professional advice and help from experienced and professionals

A real estate broker is the best guarantee of a smart decision and safe investment.

The cost of land in Costa Rica has been rising steadily for the past 10 years, and every

reason to believe that this is just the beginning for this tropical destination. past growth of Costa Rica, and

the obvious future growth ensures that real estate investors will continue to receive excellent returns

on their investment and the resale market, both in terms of increased land value and permanent

increasing the number of qualified buyers.

Land ownership

The laws and constitution of Costa Rica are based on a well-developed democratic tradition

government, include secure property rights over private ownership of land. These laws are there

applies equally to foreigners and residents. No citizenship, no residency, not even a

possession of land requires presence in the country.

Land records

Costa Rica boasts a secure form of title registration to protect buyers from hidden claims. In many

By the way, the property record keeping system in Costa Rica is far superior to the systems in use

by more developed countries such as the United States. All documents are concentrated in

A national register where both titles and reviews are recorded. Accounting is conducted in the central office

computer system, as well as on microfilm, and in the original form. There are duplicates of all records

updated daily and sent to two separate fire shelters at different locations from the register.

Any changes in title status or any claims that may affect it should also be noted on the title register page to facilitate verification.

Those buying land in Costa Rica should get professional advice, which includes prospecting

the title in the Registry to confirm that it is free of encumbrances or encumbrances and that

establish ownership. Once the transaction is completed, the buyer must receive

documents confirming the sale were registered in the registry.

Contracts of purchase and sale

Costa Rica’s legal system is based on a “civil code” system, as opposed to a “common law” system

such a system as in the United States. There are fewer interpretations in the Costa Rican Civil Code

law by judges because the civil code is more restrictive. For this reason, land contracts in

Costa Rica is much less comprehensive than the usual contacts used by most foreigners

to. Under the Civil Code system, contact covers only that which is not regulated by law, and thus

can be very simple.

In Costa Rica, the contract for the purchase of land is concluded through an “option to purchase.” Option for

the purchase entitles the buyer to purchase the described property within a specified period of time.

Usually 10-20% of the purchase price is paid to the seller through the broker or attorney (after

transfer ownership verification), to buy an option. Most closures

can happen within a few days if the property is already registered in the National Register;

however, most options are written for 30-90 days.

Regulations on beach regime

The most desirable and expensive land in Costa Rica is the beach. Most coastal

resorts are located on the beach in the so-called “marine zone” or “zona maritima”. The

maritime zone is a strip of land 200 meters wide that runs parallel to the coast starting at

tide line. This 200-meter strip is divided into a 50-meter strip closest to the shore (“inalienable

zone”), where construction is impossible, and the remaining 150 meters, which can be rented out

from the local municipality, and developed after the submission of the regulation plan to

the government.

Most vacant land on the seashore does not have a regulation plan, as it is usually done simply

to property development. The regulation plan is the most time-consuming and costly

the phase of acquiring the land for lease is known as “concession” and is best done through

professionals. With proper planning, a concession can be obtained within that time

the proposed development is in the planning stages. For those interested in land development within the c

marine area, professional assistance is mandatory.

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