Living Costa Rica

a Costa Rica real estate blog

Precautions for buying Beachfront Propertyiconwht

Precautions for buying Beachfront Property

Estimated Reading Time: 4 Minutes Costa Rican beachfront property is located in the Maritime Zone, or ZMT (Zona Maritima Terrestre), and you should know about certain restrictions before purchasing. We have very little titled beachfront property, so this is very important information if you want to live on the beach. When buying a beachfront home,…

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Financing Property in Costa Ricaiconwht

Financing Property in Costa Rica

Estimated Reading Time: 3 minutes There are hundreds of articles online about financing property in Costa Rica. Most articles are outdated, and few have the correct information. That’s why you should do your own homework by calling around if you’re looking for a mortgage to purchase property in Costa Rica. Financing property is very easy…

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The First Offer Syndrome - Costa Rica real estateiconwht

The First Offer Syndrome – Costa Rica real estate

Estimated Reading Time: 5 Minutes The first offer syndrome can create huge havoc during the buy-sell process. Often, a listing stays on the market way too long and unnecessarily. Again and again, our affiliate agents see sellers reject the first offer they receive and not even come back with a counteroffer. Some take low offers…

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Mandatory property value declaration in Costa Ricaiconwht

Mandatory property value declaration in Costa Rica

Estimated Reading Time: 5 Minutes Did you know that every Costa Rica property owner must present a property value declaration every 5 years? Probably not, eh… In most countries worldwide, property owners receive notice from the tax authorities that they have to pay their property taxes. Not in Costa Rica, though! Like many other things…

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Maritime zoning for Costa Rica beach front propertyiconwht

Maritime zoning for Costa Rica beach front property

Costa Rica beachfront property and maritime zoning are regulated by Law N° 6043 and its Regulations. First, read this article if you want to buy Costa Rica beachfront property. Then, if you still have questions, contact a real estate lawyer specializing in concessions. Maritime zoning In a nutshell, this is how maritime zoning functions: The…

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IRA Limitations when you buy Costa Rica real estateiconwht

IRA Limitations when you buy Costa Rica real estate

Estimated Reading Time: 4 Minutes Yes, you can invest your Self-directed IRA in property in Costa Rica, but IRA limitations can be a downside. Before using your retirement funds to invest in property, you must do some due diligence. Often, custodians of self-directed IRAs will tell you it’s impossible to invest your funds in a…

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