Costa Rica continues to attract international buyers looking for lifestyle, investment potential, and long-term security. From beachfront condos in Tamarindo to luxury homes in Playa Grande and development land across Guanacaste, foreigners are actively purchasing property throughout the country.
The good news? Foreigners have the same property ownership rights as Costa Rican citizens. Still, understanding the legal process, property types, taxes, and local nuances is essential before making a purchase.
This guide explains everything you should know before buying property in Costa Rica as a foreigner — clearly, practically, and without the guesswork.
Can Foreigners Buy Property in Costa Rica?
Yes. Costa Rica has one of the most foreigner-friendly real estate systems in Latin America.
Foreign buyers can:
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Own property 100% in their own name
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Purchase residential, commercial, or land
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Hold title individually or through a corporation
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Sell, lease, or pass property to heirs freely
There are no restrictions based on nationality, residency status, or visa type.
Understanding Property Ownership Types in Costa Rica
Before purchasing, it’s important to understand the two main property categories.
Titled Property
This is the most common and secure form of ownership.
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Fully registered in the National Registry
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Buyer holds clear legal title
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Ideal for homes, condos, commercial properties, and development land
Most properties in Tamarindo, Playa Grande, Hacienda Pinilla, Potrero, and Playas del Coco fall under this category.
Concession Property (Maritime Zone)
Applies to land within 200 meters of the high tide line.
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First 50 meters: public land (cannot be owned)
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Next 150 meters: concession land
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Ownership is via a renewable government concession, not a title
Foreigners can own concession property through a Costa Rican corporation and with proper legal guidance.
The Buying Process Step by Step
Buying property in Costa Rica is straightforward when handled correctly.
1. Find the Right Property
Work with a licensed local real estate agency that understands zoning laws, market pricing, and legal risks.
2. Make an Offer
Offers are typically written and include:
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Purchase price
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Deposit amount
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Closing timeline
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Due diligence period
3. Hire a Real Estate Attorney
Your attorney will:
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Verify clear title
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Check liens, debts, and zoning
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Review survey plans
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Handle escrow and closing documents
4. Due Diligence Period
Usually 30–60 days. This allows time for legal review, inspections, and financing arrangements.
5. Closing & Registration
Once complete:
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Funds are transferred
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Deed is signed before a Costa Rican notary
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Property is registered in your name or corporation
Buying as an Individual vs. Corporation
Foreign buyers can purchase property either way.
Buying as an Individual
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Simpler structure
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Lower annual maintenance costs
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Ideal for personal residences
Buying Through a Corporation (S.A. or SRL)
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Useful for rentals and investments
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Easier transfer of ownership later
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Required for concession properties
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Offers liability protection
Your attorney can advise which option best fits your goals.
Property Taxes and Ongoing Costs
Costa Rica’s property taxes are relatively low.
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Annual property tax: 0.25% of registered value
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Luxury home tax: Applies to high-value homes (threshold updated annually)
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HOA fees: Common in gated communities and condos
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Utilities & maintenance: Vary by location and property type
There are no annual wealth taxes for foreign owners.
Financing Options for Foreign Buyers
Most foreign purchases are cash transactions, but financing is possible.
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Some local banks offer mortgages to foreigners
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Larger down payments (30–50%) are common
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Developer financing may be available for new projects
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Interest rates are higher than in the U.S. or Canada
Many buyers leverage home equity or international financing instead.
Popular Areas for Foreign Buyers in Costa Rica
Tamarindo
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Strong rental demand
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Walkable beach town
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Ideal for condos and income properties
Playa Grande
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Quieter, protected environment
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Luxury homes and long-term appreciation
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Close to Tamarindo without the crowds
Hacienda Pinilla & Reserva Conchal
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Gated luxury communities
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Golf, beach clubs, and high-end amenities
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Popular with international families and investors
Playas del Coco & Potrero
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Growing markets
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Marina access and development potential
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Strong value opportunities
Common Mistakes Foreign Buyers Should Avoid
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Skipping legal due diligence
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Buying without a licensed agent
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Not understanding zoning or concession rules
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Underestimating closing costs
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Choosing price over location quality
Working with experienced local professionals helps prevent costly errors.
Why Costa Rica Remains a Smart Choice for Foreign Buyers
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Stable democracy and legal system
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No military and strong environmental protection
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Growing tourism and rental market
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Favorable ownership laws
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High quality of life and long-term value
Costa Rica isn’t just a place to buy property — it’s a place to invest in a lifestyle.
Ready to Buy Property in Costa Rica?
Whether you’re searching for a beachfront condo, luxury home, investment property, or development land, having the right local guidance makes all the difference.
Sol Realty specializes in helping foreign buyers navigate Costa Rica’s real estate market with confidence. From property selection to legal coordination and closing, our team ensures a smooth, transparent buying experience.
👉 Explore Costa Rica real estate opportunities or speak directly with a trusted local agent today.
Your place in Costa Rica starts here.
