Income producing properties in Costa Rica are always attractive to foreign investors. We do have quite a different market than most would expect. So it’s important to be well-informed before making the big step. Savvy real estate investors know perfectly well what type of income producing properties are worth looking at and what questions to…
The perfect business for your retirement – a self-storage warehouse. There is a high demand for self-storage warehouse rentals, a business that’s becoming more interesting as condos become smaller. Every high ROI generating business in Costa Rica generates a lot of work, controls, and headaches. Well, this one does not! We all like to find…
Are you amongst the more than 250,000 corporate owners whose corporation was dissolved by the Public Registry for non-payment of the Corporate Tax? If your corporation was dissolved by the Public Registry, what happened to your property? During the real estate boom of 2007-2008, real estate developers set up corporations so that their clients, could…
Estimated Reading Time: 5 Minutes Soon, landlords will have to give tenants a rent invoice for rent paid. It seems that the good times that rental income will go unseen by the Costa Rican tax authorities are over. Resolution DGT-R-012-2018 obliges landlords to give an electronic rent invoice for each rent paid by the tenant…
You might have some doubts about the going real estate commission rate in Costa Rica when looking to list your property for sale. Let’s clear this up once and for all. The going real estate commission rate in Costa Rica is anywhere between 5 and 10% plus 13% VAT or IVA in Spanish. This commission…
When moving to Costa Rica, you may not know if you will rent or buy. Is purchasing a house in Costa Rica what you really want? A few will get suckered in by a realtor into buying right away, even when they had planned to rent in the first place. Before you make the commitment…
Is renting or buying better is a Costa Rica Real Estate FAQ that you can grow old discussing. The answer to the question if renting or buying is better is not the same for everyone. This depends on a large number of circumstances and options that differ from person to person. It depends on your…
Even those who are born and raised in Costa Rica, are confused about where to live in San Jose. Decades ago, those who were living in San Jose moved out and now some (or their children) are moving back again. What the heck is going on? Those who have never been to Costa Rica might…
Markets are up and down, all the time, so learning why to reduce your home price when it doesn’t sell, is a good thing. Of course, when selling your home, you love to get the best price for your home. But if no one buys, having to reduce your home price is for sure the…
“I immediately loved the sounds and smells of Puerto Viejo,” expresses Ruby about what drew her to buy a Puerto Viejo house inspired by nature. “We had taken vacations on the Pacific coast of Costa Rica for years. But when we discovered the Caribbean side back in 2006 … Wow!” The beaches around Puerto Viejo…
Do you enjoy playing golf and want to know where to find a golf community in Costa Rica? A very important Real Estate FAQ by golf players is the question if you can live on the golf course in Costa Rica or not. As you know, you can play golf in Costa Rica all year…
Estimated Reading Time: 4 Minutes Would you like to learn how to identify a motivated property seller? When buying a property, it’s like planning a vacation: you want the best quality at best possible price. Of course, you don’t want to overpay, you want to find a great deal. The best way to get a…
Did you know that the mortgage rate in Costa Rica is outrageous? I pay 9.5% interest rate on my mortgage in U.S. dollars! Politicians have been debating, due to the elections 2018, about economic solutions for the last few months. Because the government needs money. Don’t we all? Now that Carlos Alvarado of PAC was…
The very first time I had any idea what title insurance was all about was in 2002. In Costa Rica, title insurance was not customary. Only INS, the local insurance company, could sell insurance, by monopoly regulations. Not until 2008, President Oscar Arias signed a new law that opened up the insurance market in Costa…
Costa Rica Real Estate Auction on May 29, 2018. Learn what you need to to to participate in the Costa Rica Real Estate Auction – Playa Cabuyal North Pacific. Who hasn’t heard of the Four Seasons Resort at Peninsula Papagayo? This Forbes Five-Star luxury resort went recently through a $35M renovation. Now you can purchase 70…
River setbacks are restricted areas of property surrounding the rivers and creeks in Costa Rica. The law strictly prohibits to build any roads or structures on river setbacks. Prohibited also are excavation, alteration, improvement, grading, landfill, paving, and storage. INVU controls the river setbacks, so they can protect the riverbeds against destruction. Looking to purchase…