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The foreigners have the same et rights as the Costarican people and there are no restrictions in acquiring o re-selling properties as a foreigner.
A few recommendations below in order to assure a good investment:
Acquisition process
Find your lot, house, appartement, condominium, farm and verify the prices with other properties in the same neigbourhood to make sure your paying a fair price for your property.
Verifi the registration of the property title in the national Registry and compare the information with the topographical survey.
Ask your lawyer to verify the 'history' of the property of the past ten years.
It is strongly recommandable to go to the local municipality to inform about possible existing restrictions. Ask to see the local zoning plan to know what can be built in the neigbourhood.
If you are plamming to segregate your property verify what the possibilities are. There might exist restrictions.
Confirm with the local water company and local municpality the water availibility. Srongly recommandable in case you are planning segregating, building, putting a nice swimming pool... ect.
Verify with the electricity comany the power availibility. Don't rely on power cables passing close to the property, they might be high voltage power cables.
Have a geological soil survey done to be sure about the soil stability. in case you have doubts about the real measurement of the property have a topographical survey done.
If you invest in an amazing ocean or city view porperty be sure your view is garagteed in the future as the Costarican legislation do not rule view servitudes (a right to the view)
Obtain permits before handling. It is strongly recommended to act in orde with the environment. A modern arquitecture in harmony with the eco-system and nature.
Those points should be taken into consideration whan buying real estate in Costa Rica. In our teal we have a public notary and a lawyer fluent in English and graduated from britisch colleges and we advise you through your the purchase of real estate process.
The construction process
Set up construction house plans
Doability survey
consrtuction permits
start the construction site
Average delay on building process in Costa Rica is somewhere between 6 monts and 1 year.
Don't hesitate to ask us for advise and we at Costa Rica Realty guide you through your real estate investments.
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