Buy Property in Costa Rica as a Foreigner: A Complete Guide
Thinking about investing in paradise? Costa Rica welcomes foreign buyers with open arms — but navigating the real estate process as a non-resident requires knowledge and trusted support.
In this guide, you'll learn how to buy property in Costa Rica as a foreigner, avoid legal pitfalls, and protect your investment every step of the way.
Can Foreigners Own Property in Costa Rica?
Yes, foreigners can legally own property in Costa Rica with the same rights as locals — no residency required.
However, two important exceptions apply:
-
Maritime Zone: The first 200 meters from the high-tide line are public land, regulated by concessions. Foreigners can’t fully own this land. -
Protected Land: Some areas fall under environmental protection and can't be developed.
Step-by-Step: How to Buy Property in Costa Rica
1. Hire an Independent Real Estate Attorney
Before anything, work with a licensed attorney who specializes in real estate. They’ll:
-
Verify property title and ownership
-
Check for liens or legal issues
-
Draft and review contracts
Tip: Choose someone not affiliated with the seller or agent.
2. Conduct a Title Search at the National Registry
Your attorney will use the Registro Nacional to:
-
Confirm legal ownership
-
Review any debts or encumbrances
3. Choose Ownership Type
You can own the property:
-
In your personal name
-
Through a Costa Rican corporation (S.A. or S.R.L.) for tax and liability advantages
4. Sign the Option to Purchase Agreement
Once terms are agreed, a binding agreement is drafted and signed. It usually includes:
-
A 10% deposit (held in escrow)
-
Conditions and timeframes
5. Complete the Closing
At closing:
-
Final payment is made
-
Title is transferred by a public notary
-
Property is registered in your name or your company
Common Mistakes Foreigners Make
Even though buying real estate in Costa Rica is legal and accessible for foreigners, many buyers fall into traps due to lack of local experience.
Here are the most common mistakes — and how to avoid them:
Trusting the Agent Without Verification
Unlike in some countries, real estate agents in Costa Rica are not required to be licensed. Many work independently, and there is no law that prevents them from making optimistic or speculative claims to sell a property.
For example:
“A new resort will be built here next year,” or “This area will double in value once the airport opens.”
Such claims are often used to create emotional urgency, but the project may never happen — and the agent faces no legal consequence for misleading you.
Never rely solely on what the agent says. Always verify any claims through legal documents, zoning plans, or municipal sources — and work with a qualified attorney who represents you, not the seller or the agent.
Avoid these frequent issues:
Skipping due diligence Buying concession land without legal review Trusting unlicensed real estate agents Not using independent legal representation
Extra Costs to Expect
Closing Costs: 3.5%–4% of the property's value
Legal Fees: Around 1%–2%
Property Tax: 0.25% annually — very low compared to North America
Transfer Tax + Stamps
Best Places for Foreigners to Buy
Here are popular, foreigner-friendly regions:
| Area | Highlights |
|---|---|
| Tamarindo & Nosara | Surf towns, expat-friendly |
| Escazú & Santa Ana | Urban, upscale living near San José |
| Uvita & Ojochal | Southern Zone, emerging markets |
| Lake Arenal | Tranquil and affordable |
| Santa Teresa | High-end beach investments |
Final Thoughts: Work With Experts, Not Just Agents
Buying real estate in Costa Rica is exciting, but it requires caution and expert guidance. By partnering with a trusted attorney and local advisor, you can buy safely, avoid scams, and make a solid investment.
Ready to Buy in Costa Rica?
We help foreign buyers navigate Costa Rica's real estate market legally, safely, and confidently.
Book a free consultation to learn how we protect your investment from day one.
Resources