Looking to invest or to start a new life project? On average you should expect a net return of 4%-6% (ROI) on your investment. So I put together this guide that will hopefully answer most of your questions! A different person must occupy each of these positions. In these cases, a good property management company will ensure the security of your premises, as well as attending to any emergencies such as burst water mains or other issues related to your utilities. 4. Costa Rica. Like anywhere else in the world, there are scam artists who attempt (sometimes successfully) to sell the same property numerous times. The reason for this is threefold. Toll free USA and CANADA: +1 888-607-6772, Office Location: FORUM I Business Park, Building C, First Floor, Suite 3, Santa Ana, San Jose, Costa Rica. The acquisition of real estate is one of the most significant investments a person makes during his or her lifetime. Apartments and houses in San Jose Province, in San Jose city, Escazu and Santa Ana generate around 7.5% returns. Most attorneys in Costa Rica are also public notaries. With such a dizzying array of captivating locations, buying real estate in Costa Rica can sometimes seem overwhelming. This area is available for Concessions to be granted. The law establishes that foreigners cannot be majority owners of a concession property. In other words, there are no truly private beaches in the Maritime Zone. You need to be confident that no liens, encumbrances or other impediments will prevent your free use and enjoyment of the property. More Information... ID CODE: #3369. This means that you will not be able to change your apartment or make any significant alterations that better suit your way of life. You should select at least a destination Housing. Additionally, The specific power of attorney does not have to be recorded at the Public Registry, however it should be granted before a Notary Public. Nestling between the boundless Pacific Ocean and the tropical waters of the Caribbean Sea; separating Nicaragua in the north from Panama in the southeast; dotted with countless volcanoes, swathes of dense jungle, and miles of idyllic beach; Costa Rica is a country of true depth and beauty that inspires even the most cynical among us. b. Learn how buying Costa Rica homes for vacation rentals can be an investment in your future, and let you make money when you’re not there. Escrow - Most buyers from the US understand Escrow service to include not only the managing of funds for a property purchase, but all of the administrative work required to execute a closing. A ready-to-inhabit home offers more privacy than condo living, and usually you will find that they offer more space both inside and out. The savings from taxes and the low cost of living make for the perfect storm for expat retirees looking to stay in paradise. This can help you build a more holistic picture of your future home or investment, giving you the opportunity to make a truly informed decision on your next step. Just as in any other country, purchasing property or land in Costa Rica can be completed in a few steps with the help of an experienced real estate broker. In fact, there are so many reasons that living in Costa Rica is such an exciting prospect for young and old alike, that we believe they deserve a more detailed examination. If you have more questions, feel free to send us an e-mail: Law@propertiesincostarica.com, We hope this information has been helpful by providing a clear basic understanding of the steps to be taken when purchasing Real Estate in Costa Rica. Public Area: The first 50 meters measured horizontally from the high tide line. 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