Investing in Real Estate

Above and beyond all that Costa Rica has to offer – temperate climate (more winter sun than Hawaii or Florida), natural beauty, political stability and the warmth of the “Ticos” (its people) – ownership of real estate is fully guaranteed by the Constitution. Basic rights of its citizens are based on democratic government and, unlike many other countries, extend to foreigners as well.

Regardless if a property is owned individually, jointly, in trust, as household property or placed in the name of a corporation, ownership is guaranteed. Such constitutional rights have contributed to “Costa Rica ranking in fourth place at the world level as an ideal environment for foreign investment” (Costa Rica Chamber of Commerce).

Corporate real estate ownership is common and can offer benefits of asset protection and anonymity. In addition, transfer of ownership significantly reduces fees associated with closing; the only costs incurred by the buyer are legal fees associated with a transfer of shares.

Due to the country’s sheer beauty and stability, ecological friendliness, mild year-round climates, ever-increasing tourism, favorable treatment of foreigners and low taxation rates for retirees, real estate has been booming. Though true nationwide, beachfront property on the desirable northwest Pacific Coast has risen tenfold over the past 15 years!

As a result of this surge in prices and ever-increasing traffic in popular beach towns (particularly Tamarindo and Jaco Beach), condominiums and properties 10 to 15 minutes inland have become increasingly more desirable. This geographical situation provides easy and convenient access to infrastructure (banks, supermarkets, restaurants, etc…), proximity to beaches, golfing, surfing, deep-sea fishing and other activities while delivering on the serenity and peace most buyers seek.