We have an young real estate market in Costa Rica, were decisions are many times very emotional, time sensitive and cultural factors play a big role.
Find more information on the market you are interested about, inside you will find information on primary residences, second (vacation homes), commercial, foreclosure, real estate investment trusts (reits) and areas in Costa Rica.
Costa Rica offers many of the same tools you find around the world for real estate transactions: escrow accounts for easy transactions, real estate trusts for more complex transactions and many more tools.
Inside you will find information on the institution that hold public records on real estate transactions, ownership types, restrictions to purchase real estate and other details. Click on the image for more details.
Taxes in Costa Rica are considerably lower that in USA & Canada, paying only 0.25% plus the solidarity (luxury homes) tax. As a reference a home worth $500,000 USD would end up paying around $2000 USD a year. Click on the image for more information.
Real estate transactions are really straightforward, still check your attorneys status at the the local BAR Association as well as further recommendations on selecting your lawyer.
Real estate brokers make up for the lack of information on an MLS system, knowing the trends, comparable and most motivated participants on a real estate market, facilitating the process to a successful closing
Some other people that might need to get involved are: civil engineers, surveyors, architects, HOA managers, official translators, insurance brokers and local governments for tax purposes.
All information is intended as a general guide only, please verify all information before making decisions. Pictures for illustrative purposes only. If you find inaccuracies on the information please reach out to us and provide supporting information. Copyright © 2020 IMINDS Brokers S.A. All rights reserved.