Category: Costa Rica Real Estate Topics

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How to protect your Costa Rica property rights

Estimated Reading Time: 5 minutes Now and then, you will read that an expat or a local property owner lost their property rights to squatters or thieves. Unfortunately, the Costa Rican judicial system is a bit slow in resolving property rights issues. The system has loopholes allowing the bad guys to get away with squatting…

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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 Most articles are outdated, and few have the correct information.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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Where and how to pay the Costa Rica corporation taxiconwht

Where and how to pay the Costa Rica corporation tax

Estimated Reading Time: 5 Minutes Do you know where and how to pay the Costa Rica corporation tax, or “Impuesto a las Personas Jurídicas“? The Costa Rica corporation tax was approved in January 2012 and went into effect on April 1st, 2012. Many foreign buyers own property in a corporation, which is a practice that…

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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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Closing costs on Costa Rica property, how to calculate and who paysiconwht

Closing costs on Costa Rica property, how to calculate and who pays

Estimated Reading Time: 4 minutes The Costa Rica closing costs when purchasing or selling a property is just under 4% of the purchase price. When you research, you will find blogs that say 3.5% and others even less. Learn in this article about closing costs, how to calculate them, and who pays for them. It…

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Your Ultimate Vacation Rental Management Solutioniconwht

Your Ultimate Vacation Rental Management Solution

Estimated Reading Time: 4 Minutes Without a proper vacation rental management solution, it is almost impossible to maximize the return on investment. A vacation rental property can be very lucrative, but it’s not a given. Our agents sell a lot of vacation rental beach condos to investors who live abroad or in another city. Managing…

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The Importance of Water Availability When Buying Property

Estimated Reading Time: 4 Minutes Did you know you cannot build on a property without the water company approving water availability? Wikipedia makes a very important statement about the water resources in Costa Rica: Urban development continues to increase the pressure on water resources, and the use of water and groundwater, in particular, is becoming increasingly…

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