Costa Rica Real Estate Guide
Everything you need to know about buying property and building in Costa Rica
Purchasing property in Costa Rica is straightforward for foreigners, who enjoy the same property rights as Costa Rican citizens. Here's what you need to know:
Property Search & Selection
Browse properties online or work with a local real estate agent. Visit properties in person when possible to assess the location, condition, and surrounding area.
Due Diligence
Hire a lawyer to verify the property title at the National Registry, check for liens or encumbrances, and ensure all property taxes are current. This typically takes 1-2 weeks.
Make an Offer
Submit a written offer through your agent or lawyer. Negotiations are common. Once accepted, sign a purchase agreement and pay a deposit (typically 10% of purchase price).
Closing
Sign the final deed at a notary public's office. The notary will register the property transfer with the National Registry. Pay remaining balance, closing costs, and transfer taxes (typically 1.5% of property value).
Post-Purchase
Set up utilities, property insurance, and ongoing maintenance. Consider hiring a property manager if you won't be living there full-time.
Building your dream home in Costa Rica requires understanding local regulations, climate considerations, and construction practices.
Permits & Regulations
- •Building permits required from local municipality
- •Environmental impact studies for certain areas
- •Setback requirements vary by location
- •Seismic building codes must be followed
- •Water and septic system approvals needed
Climate Considerations
- •Design for tropical climate and heavy rainfall
- •Use moisture-resistant materials
- •Proper ventilation is essential
- •Consider hurricane-resistant construction in coastal areas
- •Plan for adequate drainage systems
Construction Costs
Construction costs in Costa Rica vary by location, materials, and finishes:
- Basic construction:$80-120 per sq ft
- Mid-range construction:$120-180 per sq ft
- Luxury construction:$180-300+ per sq ft
Important Tips
- •Always hire licensed architects and engineers
- •Get multiple quotes from contractors
- •Include a contingency budget of 15-20%
- •Construction typically takes longer than expected
- •Consider hiring a project manager for oversight
Ready to Start Your Journey?
Browse our available properties or contact us for personalized assistance