Buyer / Investor
Can foreigners buy property in Costa Rica without residency?
Yes. Foreigners can purchase property in Costa Rica with just a valid passport. Residency is not required, and property rights are the same for foreigners and locals
How does the Investor Visa work in Costa Rica for my family?
The Investor Visa requires a minimum investment of $150,000 USD in real estate, vehicles, or shares. It covers you, your spouse, and children under 25 years old.
How much are property taxes in Costa Rica?
Property taxes are 0.25% of the registered property value, paid annually to the local municipality
Are there luxury property taxes in Pérez Zeledón?
Costa Rica has a luxury home tax, but most properties in Pérez Zeledón are below the threshold, so no luxury taxes apply.
Do I need to be a resident to open utilities or bank accounts?
Utilities like electricity and water can be set up under your name as an owner, even if you are not a resident. Some banks allow accounts with just a passport, while residency gives you broader options.
What are the closing costs when buying property in Costa Rica?
Closing costs are typically 3%–4% of the property value, covering attorney fees, registry, and transfer taxes.
How safe is it to buy property in Costa Rica as a foreigner?
Property ownership is constitutionally protected, and foreigners have the same rights as Costa Ricans.
Are there restrictions on coastal properties in Costa Rica?
Yes. The first 200 meters from the high tide line are public and cannot be owned. The next 150 meters are concession land, with special rules where foreigners cannot directly hold title unless through a local corporation or with residency.
What should I check during the due diligence period in Costa Rica?
Important checks include home inspection (optional but recommended), uso de suelo (land use permit), alineamiento del INVU to confirm setbacks near rivers, and water and electricity availability for lots.
What is the process of building a house on my land in Costa Rica?
Building has three stages: 1) Design of the house – can take 1 week to several months; 2) Permits – usually around 2 months; 3) Construction – typically 4 to 10 months depending on size and finishings.
What makes Pérez Zeledón attractive for real estate investors?
Affordable land and homes, fertile farmland, a strong expat community, cooler mountain climate, proximity to the beach (about an hour), and no over-tourism make it a preferred choice for investors.
How long does it take to close a property purchase in Costa Rica?
Typically 30–60 days, depending on due diligence, title verification, and municipal approvals.
Is there capital gains tax when selling property in Costa Rica?
Yes. Capital gains tax is 15% on the profit from the sale. However, if you are selling your primary residence, you are exempt.
Can I get a mortgage in Costa Rica as a foreigner?
Most foreigners pay cash. Local banks do offer mortgages, but usually only to residents with income in Costa Rica. Some private lenders may finance with higher rates.
Do I need a corporation to buy property in Costa Rica?
Not required — you can buy under your personal name with just a passport. A corporation can make management and succession easier, depending on your goals.
Can I inherit property in Costa Rica as a foreigner?
Yes. Foreigners have the same inheritance rights as locals.
How does residency help compared to staying as a tourist?
Legally, it is almost the same. However, if you plan to live long-term in Costa Rica, you should become a resident.
How long can I stay in Costa Rica without residency?
Tourists usually get 6 months per entry, depending on your passport country. Many people “border hop,” but for long-term living, residency is recommended.
Are there restrictions on farmland or large properties for foreigners?
No — you can buy farmland, coffee farms, or mountain properties without restrictions, as long as they’re not in concession zones.
What are HOA (Homeowners Association) fees like in Pérez Zeledón?
In Pérez Zeledón, very few properties are inside gated communities, so most don’t have HOA fees — unlike beach areas or expat developments where HOAs are common.
Seller
Can foreigners sell property in Costa Rica?
Yes. Foreigners can sell property just like locals. Ownership rights are protected by Costa Rican law.
Do I pay capital gains tax when selling property in Costa Rica?
Yes. Capital gains tax is 15% on the profit from the sale, unless it is your primary residence, which is exempt.
What are the costs of selling a property in Costa Rica?
Typical costs include: real estate commission (usually 5–6%), notary and registry fees (around 1–2%), and capital gains tax if applicable.
How do I prepare my property for sale in Costa Rica?
Ensure all title documents are in order, consider minor repairs or staging, and have accurate information on water, electricity, and property boundaries.
How does REMAX Altitud help sell my property faster?
We focus on strategic marketing campaigns, client follow-up and engagement, and tracking results to adjust strategies and minimize time on the market.
Can I sell property without a real estate agent?
Yes, but using a REMAX Altitud agent provides advantages: full-time focus, client follow-up, marketing exposure, legal guidance, negotiation support, and assistance with due diligence.
What documents do I need to sell property in Costa Rica?
Title deed (escritura), cédula or passport of owner, proof of property tax payments, and water and electricity bills.
Can I sell a property with tenants or ongoing leases?
Yes, but lease agreements must be respected. Buyers are typically informed of any active rental contracts.
Can selling my property help me qualify for an Investor Visa?
No. You cannot sell a property that is attached to your Investor Visa without affecting your residency.
Do I need to be in Costa Rica to buy or sell a property?
If the property is under your personal name, you must be in the country or use a power of attorney issued at a Costa Rican embassy or with an apostille. If it is under a company name, you can appoint a representative to act on your behalf.
Can I sell property owned through a corporation?
Yes. Selling a property through a corporation is common, especially for foreigners, and can simplify transfers or estate planning.
How is the selling price determined?
Prices are based on market comparables, property location and size, condition and improvements, and buyer demand in Pérez Zeledón. The REMAX Altitud team can help you determine the price.
Are there special considerations for selling farmland or large properties?
Confirm land use (uso de suelo) restrictions, ensure water rights and access roads are clear, and buyers often check proximity to rivers, electricity, and irrigation availability.
How do I handle taxes after the sale?
Capital gains must be calculated and paid, property taxes must be up to date before closing, and your attorney or accountant can handle filings.
How can I attract international buyers for my property?
Through REMAX Altitud, international portals, social media, and highlighting benefits such as climate, views, and investment potential.