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Costa Rica recorded a record 2.66 million tourists in 2024. This surge in visitors has profound implications for the real estate market, influencing property values, development projects, and rental opportunities.
The Figures are Impressive
In Costa Rica, the escrow process for buying real estate is a bit different from other countries, but it's designed to ensure the Buyer’s and Seller’s interests are protected during the transaction.
Here's an overview of how it typically works!
Offer and Acceptance:
Are You Selling Your Property in Costa Rica?
If you’re selling it for more than its declared value (i.e. more than you paid for it) then it will be important for you not to be blindsided by the capital gains tax you may be required by law to pay at closing.
If you’re new to buying property here in Costa Rica, I’ll be happy to guide you through the process. It’s very similar to buying property in North America. But there are some very key differences that all Buyers need to be aware of so they don’t make mistakes.
Here’s an informative overview of common mistakes to avoid when buying property in Costa Rica.
Over the past decade, Costa Rica has attracted an increasing amount of Foreign Direct Investment (FDI) in a number of sectors, including high-tech, manufacturing, infrastructure, and especially real estate.
Looking to Purchase a State-of-the-Art Commercial Space? Check out Solarium, Guanacaste’s Largest Mixed-Use Real Estate Development
Strategically located across from Liberia’s Guanacaste Airport (LIR) on Rt. 21, Solarium is a mixed-use mega project that includes a free trade zone, a Hilton Garden Inn, a Hampton by Hilton hotel, a PriceSmart, corporate space, a Coca-Cola plant, and some cutting-edge office and warehouse spaces perfect for your business – whatever it may be.
5 communities rooted in connectivity, wellbeing, integration, sustainability, and an immersive user experience will co-exist with nature and completely transform Playa Panamá.
Bahía Papagayo is being developed by the Enjoy Group and Grupo Laguna boasting a combined +105 years of experience in the real estate and hospitality sector.
You Can Schlepp the Small Stuff, But the Big Stuff Will Need to be Shipped on a Container.
“I have a lot of ‘stuff’ in my home in Houston. How do I get it to Playas del Coco?”
So, you’ve decided that you want to make the move to Costa Rica! But you can’t fathom living without your great grandmother’s solid oak Victorian armoire, your Sleep Number 360 Smart Bed, your Harley Davidson Heritage Softail Classic, and your Contender 32 ST twin Yamaha 300 HP outboard “fishing machine”.
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