Costa Rica Real Estate for Sale and Costa Rica Rentals

The Republic of Costa Rica is situated in Central America. The name itself means ‘rich coast’. Costa was ranked number one as the ‘greenest’ country in the world. Costa Rica has been rated third in global environmental index. Hence, ecotourism is flourishing in this country and it is a major tourist attraction.


Even though the economy of the country is in a poor shape, high levels of education in the country are a welcome factor for international real estate investors. The major advantages for buying Costa Rica real estate for sale and Costa Rica rentals are the substantial incentives offered by the government of Costa Rica for foreign direct investment.

Majority of foreigners, who had visited Costa Rica, had straightaway fallen in love with that country. Most of them had bought properties including farm lands. Several others had rented vacation properties. The most significant plus point in purchasing Costa Rica real estate listings is that there are absolutely no restrictions on foreign ownership of Costa Rica real estate for sale or Costa Rica rentals. Foreigners enjoy the same rights as the local citizens. Still, the local laws follow the Spanish Civil Law Code, which differs substantially from the Anglo-American common law system. Hence, it would be advisable to engage a person or an organization conversant with local real estate laws and procedures before investing in Costa Rica real estate.

In Costa Rica, all the titled properties are registered invariably with the National Registry. Unregistered properties should not be considered as good avenues of real estate investment. The Registry would have details of all encumbrances, unregistered leases, and legal liens. A legal expert in Costa Rica real estate investment would be able to advice the international investors about the encumbrances, liens, and unregistered leases that could be successfully eliminated. However, physical inspection of the property is also a must when considering the real estate in Costa Rica. Squatters had been given legal rights on properties in Costa Rica law and these would not be revealed by the Registry records. Making such squatters vacate the place might require legal proceedings, which could prove to be a long-drawn and cumbersome process. If the squatters had been occupying the property for more than 10 years, they would have legal rights to the property. Hence, such properties should be avoided without hesitation.

Property taxes and fees should be paid to the federal government and the local municipal authorities. However, these fees and taxes are very less, compared to United States and other developed countries. The regulations regarding beach front properties and condominiums also differ significantly. Most beach front properties could only be leased and outright purchase might not be possible. Foreign investors would be well advised to utilize the services of a legal expert or a professional Costa Rica real estate agent before investing in such Costa Rica real estate listings.

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