Summertime is reaching its end, but some countries are lucky enough to be having year-round mild temperatures, including Costa Rica. Looking to settle in the country and pursue the fun forever? Our team gives you a few hints to help you invest in Costa Rica Luxury Real Estate.
Looking to own your personal piece of paradise in the country? Our buying guide* gives you the most important keys to successfully invest in Costa Rica luxury real estate
Costa Rica is like Nature undiscovered, or so it seems. A forest left untouched by the hand of men, species of birds protected world-wide, cascades with a crystal-clear water. The “Rich Coast” is a land at its most beautiful wildness. Yes indeed, Costa Rica is proud of its natural environment, and the world loves it in return. The Latin-American destination is one of the pioneers of eco-tourism. In terms of the 2012 Environmental Performance Index, it was ranked 5thworldwide, and it even reached the first place in the Americas. Nature was originally beautiful, and the Costa Ricans have kept it magnificent.
Looking to own your personal piece of paradise in the country? Our buying guide* gives you the most important keys to successfully invest in Costa Rica luxury real estate. Our series of buying guides are designed per country and available for more than 15 countries already, including Russia, Brazil and India. Reserved to our Members, we give you an exclusive preview into our Costa Rica Buying Guide.
What are the current trends in the real estate market in Costa Rica this year?
Due to its geographical context, most investors come from USA and Canada. They are attracted by affordable prices and better living standards than in neighborhood countries. Attractive properties are priced between $1,200 and $1,500/sqm in San José Area. Although, prices can reach $3,000/sqm for luxury homes in the most desired areas.
How is the tax and legal framework surrounding real estate in 2013?
Annual property taxes can change from one local government to another. They can either be charged annually, by semester or by quarter. Concerning the property transfer tax, it reaches 3% of the value of the property sold. Lastly, capital gains taxes are charged only if gains are derived from the habitual activity of the seller.
How do we buy a property in Costa Rica?
There are two types of ownership in Costa Rica. The first one is fee ownership. It gives the owner the absolute right to materially own the property. The second one is the concession property. It is applied to 95% of beachfront properties. A concession gives the right to use and enjoy a property located on the maritime zone for a predetermined period of time.
Need some help investing in this country? Contact our Members luxury real estate agencies in Costa Rica.
