Overview

Costa Rica remains one of the most stable, foreign-investment-friendly countries in Latin America. Buying property is straightforward for both residents and non-residents, as foreign buyers enjoy the same property rights as citizens.

For Non-Residents

✅ What You Need:

• Valid passport and entry stamp.

• Local lawyer (recommended for title and escrow).

• Purchase through a Costa Rican corporation (optional but common).

• Opening a local bank account for transactions.

💡 Benefits:

• No residency required to buy property.
• Same ownership rights as citizens.
• Access to legal title through the National Registry.

⚠️ Considerations:

• Financing is limited for non-residents (often requires cash or international lenders).
• Hire a bilingual lawyer familiar with concession and titled property laws.

For Residents

✅ What You Need:

• DIMEX ID and residency proof.
• Costa Rican bank account.
• Lawyer and notary for deed registration.

💡 Benefits:

• Easier access to local mortgages and lower rates.
• Eligible for local tax exemptions on primary homes.

Step-by-Step Purchase Process

1️⃣ Hire a trusted bilingual real estate attorney.

2️⃣ Conduct title search at the National Registry (Registro Nacional).

3️⃣ Verify land use permit (Uso de Suelo) and water rights (Carta de Agua).

4️⃣ Use escrow for payment—avoid direct transfers to individuals.

5️⃣ Pay transfer tax (~1.5%) and registration fees (~1%).

6️⃣ Register title in your name or corporation.

Ownership Costs & Taxes

• Property Tax: 0.25% of the registered value annually.
• Luxury Tax: Applies to homes valued above ~₡137 million (~USD $260,000).
• Capital Gains Tax: 15% on profits from sales (if not primary residence).
• Annual Corporation Tax: ~$120–400 depending on structure.

Investor Insights

Costa Rica’s real estate market has shown annual appreciation rates between 5–8% in popular regions like Guanacaste and the Central Pacific. Short-term rental demand remains high in expat hubs such as Nosara, Tamarindo, and Uvita. Buyers can expect 6–10% gross annual yields on well-managed vacation rentals.

Summary

Whether you’re a full-time resident or an investor exploring lifestyle returns, Costa Rica offers security, ownership rights, and a strong eco-luxury brand appeal. This checklist ensures your process is smooth, transparent, and profitable.