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Papagayo


Costa Rica - Guanacaste

28.5°C

Papagayo - Guanacaste

Papayago is located on the northern pacific area of Costa Rica, inside the golf of Papagayo. It was created after a strong volcanic activity and is today appreciated for its 24 km of coast.
Some luxury properties are present in the region, and many real estate projects are born throughout the year.
Papagayo is a true mix between tourism and nature, virgin ocean and protected forests that make it a unique place.
Many activities have been developed such as sea kayaking or scuba diving. Its romantic setting has even allowed some companies to offer specialized establishments for welcoming newlyweds.

Market overview

Investing in Costa Rica is the best to make your money grow as the real-restate market is in full expansion. Setting up in Costa Rica, it is enjoying the Occidental comfort at attractive prices. In the past few years, Costa Rica has attracted many foreign investors due to its social and political stability and its tourism sector which is considerably extending. Buying a property in Guanacaste is an affordable solution. The area is the first tourist destination of the country and attracts thousands of European each year. Prices are reasonable even if they are generally higher than in the rest of Costa Rica. Either it is for private or commercial use, you will undoubtedly derive profits.

Buying basics

There is no legal restriction to buy a property in Costa Rica, even if you are a non-resident, who have the same rights than the native people in terms of property. Before purchasing, there is one fundamental element to consider: The most comprehensive form of property ownership in Costa Rica is fee ownership. Fortunately for foreigners, the conditions for this type of ownership are the same for Costa Rican nationals as they are for foreigners. The concept of fee simple ownership is the same in Costa Rica as in the US. Basically, fee simple ownership gives the owner of the property the absolute right to materially own the property.
Before any purchase, it is recommended to examine the different legal documents such as the owner of the property, the plans... You will find all the useful information on the website registronacional.go.cr.
It is also encouraged to contact a professional of the real-estate market in the area to know the different steps of the buying process.
Some experts advise to buy a good through the creation of a limited liability company, which will increase the application fees.

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Guanacaste
Discover Hotspots in Guanacaste
Situated on the Northwestern side of the country, the province of Guanacaste is famous for its numerous and splendid beaches, its breathtaking landscapes as well as its sunnier and drier weather conditions compared with rest of the country. All these elements led Guanacaste to become a predominant place for tourism, which is one of the major economic activities of the Province.

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