Complete Guide to Investing in Properties.

Investing in real estate in Costa Rica can be an excellent opportunity to diversify your portfolio and generate passive income. This guide will help you make informed decisions.

1. Define your Investment Objective

Before investing, you should be clear about whether you're looking for long-term income, vacation rentals, capital appreciation, or a combination of these goals.

2. Research the Location

Location is key. Consider factors such as access to services, infrastructure development, growth potential, and the area's tourism or residential demand.

3. Understand the Legal Framework

Familiarize yourself with Costa Rica's property laws. Foreigners have the same property rights as nationals, but it's crucial to work with a specialized attorney.

4. Calculate all the costs

Consider transfer costs (3-4% of the value), annual taxes (0.25% of the registered value), maintenance, insurance and possible administration costs.

5. Check Permits and Documentation

Make sure the property has all the necessary building permits, concessions (if it's in a maritime zone), and that the title deeds are in order.

6. Consider Hiring Professionals

Work with certified real estate agents, specialized attorneys, and surveyors to avoid legal issues and ensure a successful investment.