Buying Property in Costa Rica: What Foreigners Need to Know

A Complete Guide to Purchasing Real Estate in Paradise

Investing in property abroad can seem overwhelming, but Costa Rica makes it surprisingly straightforward—especially if you have the right information and a trusted advisor by your side. Whether you’re dreaming of a retirement home, a vacation rental, or land to build on, Costa Rica welcomes foreign buyers with a transparent and accessible property market.

Here’s what you need to know before making the move.

1. Foreigners Have the Same Property Rights as Locals

Unlike other countries where foreigners face restrictions, Costa Rica allows non-citizens to buy and own property with the same rights as nationals. You don’t need to be a resident, and you can even own property through a corporation (commonly known as an S.A. or S.R.L.).

Pro tip:
Many international buyers choose to purchase through a Costa Rican corporation for tax, liability, or inheritance purposes.

2. Clear Title and Registry System

Costa Rica has a centralized public registry where all property titles and records are stored. This allows you to verify ownership, boundaries, and any existing liens before buying.

Before any purchase:

• Ensure the property has a clear title
• Work with a qualified real estate attorney
• Request a full title check from the Public Registry

At Alazo Realtor, we only work with legally verified properties to ensure a safe and smooth transaction for our clients.

3. Know the Coastal and Concession Zones

If you’re eyeing beachfront property, it’s important to understand Maritime Zone laws. The first 200 meters from the high-tide line are considered public land. Within that zone:

• The first 50 meters are strictly public and cannot be owned.
• The next 150 meters may be eligible for a concession lease (not full ownership), requiring approval from local municipalities and government entities.

If you’re considering beachfront property, consult with a professional to navigate this area properly and avoid legal pitfalls.

4. Costs, Taxes & Financing

Buying real estate in Costa Rica involves a few upfront and ongoing costs:

• Closing costs: Usually 3%–4% of the property value
• Property tax: Low, typically 0.25% of the registered value annually
• Luxury tax (for high-end properties): Applies to homes valued above a certain threshold
• Financing: Local banks offer loans, but many foreign buyers opt for cash purchases or private financing

5. Work with a Local Expert

The real estate market in Costa Rica is not regulated in the same way as in the US or Europe. That’s why having a trusted advisor like Álvaro Azofeifa at Alazo Realtor is essential. We’ll help you:

• Identify the best areas to invest (like Uvita and the Costa Ballena)
• Understand local regulations and permits
• Connect with attorneys, architects, and property managers
• Ensure you’re buying safely and at a fair market value

✅ Final Thoughts

Buying property in Costa Rica is a rewarding and secure process—as long as you’re well-informed and properly guided. Whether you’re searching for your dream home or a profitable investment, Costa Rica offers exceptional opportunities in one of the world’s most beautiful and stable countries.

Thinking about making the move?
Let Alazo Realtor help you take the first step toward owning a piece of paradise. Contact us for personalized guidance and a portfolio of exclusive properties in Uvita and beyond.