Houses in Costa Rica

Buying a home – the buying process and what you need to know when buying in Costa Rica

ByDaryna

Buying a home – the buying process and what you need to know when buying in Costa Rica

Buying a home abroad is a popular option for those looking to invest and earn a stable passive rental income. This is also the case for people who want to have a permanent holiday home as well as those who want to move abroad.

Property laws in Costa Rica are relatively friendly to foreigners. Non-residents have the same rights as Costa Ricans when buying a home abroad. No local partner is required, except for a seaside concession property. Costa Rica maintains a centralized land registry. It is used by real estate agents and lawyers to verify ownership. The land registry also indicates any restrictions on housing prior to the conclusion of the transaction.

Real estate in Costa Rica is an issue that interests hundreds of visiting foreigners. Someone is looking for a property to rent, someone to buy. When choosing real estate in Costa Rica, it must be borne in mind that the entire coastline (about 200 meters from the sea line) is state property, and developments within 50 meters from the sea line are strictly prohibited. In addition, in order to obtain the right to a long-term lease for land in this zone, you need to be a resident of the country for five years and apply to the municipality.

After you have decided on a specific object, be sure to check its legal status. All objects in Costa Rica, as well as documents relating to it, are entered into the National Register by law. You need to clarify the registration number of the selected object in order to check the available information.

The next step will be the signing of a preliminary contract. It is necessary to confirm the buyer’s intentions to buy real estate, and on the seller’s side – to withdraw his offer to sell the property from the market.

Next, a single agreement is drawn up (drawn up jointly with the lawyers of both parties). This document is called co-notariado.

Real estate in Costa Rica can be very different. It directly depends on the location, area, protected area, etc. Be careful when buying a home, this is a very serious process in which there is no room for mistakes.

 

Darina Logvinova is an expert on travel and automotive journalism. She enthusiastically shares her experiences through her journalistic work, writing about international travel, cars, performing arts, and news in general. Darina's work can be found in several international publications.
Hello! I'm Darina Logvinova. My life is full of interesting events. And I want to share this with you. My passion is to travel. Perhaps there is nothing more surprising and impressive than discovering new countries, new cultures, cities, uniquely beautiful places. Travel is life. This is what always gives strength, energy, and desire to go forward. It's so hard to wake up early for work, but it's so easy - to the airport or to the train =)
I am also a fan of psychology. I believe that it is impossible to have a harmonious relationship with yourself and with the people around you, without understanding anything about our inner world. Many world-famous authors set out their thoughts in books, they are very smart and talented people who share their knowledge and experience. There is nothing easier than buying a book and learning something new from the geniuses of psychology. Our feelings and emotions are very multifaceted. We all perceive the world in different ways and we need to be able to respect and understand this. Everything that we wish will certainly come true, you need to be able to dream about it correctly. The universe does not limit anyone. It is full of supplies for each of us. Psychology is a very important science for humanity. The more the world develops, the more people understand this. The more we are tolerant to ourselves and to all people, the more good there will be in our lives and in the whole world. Development is the driving force behind humanity. We simply cannot afford to stand still, otherwise, our life loses all meaning. Every day, discovering something new for ourselves, we move forward towards our goals.

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