Despite the fact that Real Estate is in shambles around the world, Costa Rica has enjoyed more immunity in regards to price collapses. Mainly because operating expenses like Real Estate Taxes are significantly lower than in the United States, and the until lack of financing and therefore non financed / cash purchased homes dont have excess financial burden associated with them.
Costa Rica of course feels the drastic economic effects mainly in Tourism and Production sector. And the resort surely are not as occupied as they used to be. These downturn pressures are real and benefit you by:
- Rid the market of overvalued properties
- Adjust market value to real value
- Great "cash" invesment opportunities
- More seller financing options
In the resale market, i. e. the local market of pre-owned Real Estate properties. It is often advisable to search in online search engines (link to CL) for the area and properties yourself, then you will automatically be put provided with the appropriate real estate ageny. Real Estate agencies offer to represent you and your interests as your Buyer’s (or Seller’s) Agent in a purchase (or sale) of Real Estate. This professional representation of you as a buyer is free of charge because the brokerage fee is usually paid by the seller and is split between the Seller’s Broker and the Buyer’s Broker.
- Long-term investment horizons offer the greatest returns at a manageable risk. When Investing in Real Estate two general ...
- In this distressed global economy selling or renting your property depends a lot on property usage management....
Construction in Costa Rica can be a tedious process, even when you do know what you are doing here in Costa Rica. It is best you consult trusted legal counsel to guide you through the process.
Besides a few exceptions, Costa Rica has excellent ownership rights as in most cases foreigners enjoy the same property ownership rights as nationals do. There are important limitations that are important to take notice.
Important Purchasing Information - This page is intended only for information purposes to give you a general understanding of the general Costa Rican real estate purchase process. Do not misconceive this information as legal consultation as only a licensed lawyer can give you the appropriate advice.