PURCHASING PROPERTY IN COSTA RICA

Property Ownership

Ownership of Real Estate in Costa Rica by foreigners is fully guaranteed by the Constitution. In addition ,foreigners enjoy the same ownership rights as Costa Ricans citizens, regardless if the property is placed in the name of a Corporation or in the name of an individual. Property Taxes troughout Costa Rica are very low when compared to Canada and the United States.

An intersting incentive for foreign investment is that there is no capital gains tax. The owner will not be taxed by the Costa Rican Government on the profit from the future sale of his property as long as this is not undertaken as a means of business.

Investment

Costa Rican Real Estate has envolved to become a more established asset class, in the eyes of Global investors from its former status as a local and alternative investment. This is due in part to increasing levels of transparency.

Continuing regulatory reform, and the level of investor diversification found in South American economies and the associated growth in the Real Estate market.

Costa Rican Real Estate market, currently small by regional standards is undergoing rapid transition. On the aggregate Costa Rican's is booming. Costa Rica's Real Estate market is in rapid transition and in many cases properties are poised to provide attractive current yields and capital appreciation

There is a high yielding investment opportunities for experienced Real Estate investors who can employ a unique blend of foreign capital and expertise combined with local execution ability to source, acquire, finance, develop or reposition and exit property investments opportunistically.