If you’re comparing properties, compare total acquisition costs too. Closing costs and ongoing expenses are usually manageable in Costa Rica, but they must be planned.
This is a general overview, not legal or tax advice.
Key takeaways
- Plan for one-time costs (transfer tax, legal/notary, registry, due diligence) in addition to purchase price.
- Ongoing ownership costs are typically low relative to many countries, but maintenance can be meaningful in coastal climates.
- If you rent, layer in operations costs (management, housekeeping, utilities, repairs).
Common one-time closing costs
Typical categories you’ll see in a transaction:
- Transfer tax (often calculated from registered value)
- Legal and notary services
- Registry and documentation fees
- Due diligence costs (survey, inspections, etc.)
Ongoing ownership costs
Budget for:
- Property taxes
- Insurance
- HOA fees (if applicable)
- Maintenance (tropical environments require proactive upkeep)
Rental operations: additional cost layers
If you plan to rent, you’ll also account for:
- Property management
- Housekeeping and consumables
- Utilities (especially peak-season usage)
- Repairs and replacements
See our operations guide: Property Management.
How to reduce “surprise costs”
The best way is disciplined due diligence:
- Confirm road access
- Verify water source and storage
- Confirm electrical capacity
- Validate the maintenance history
Use this checklist: Buying Property in Costa Rica as a Foreigner.
FAQ
What is the transfer tax in Costa Rica?
Transfer tax is commonly cited as 1.5% of the registered value, though your attorney can confirm the exact calculation for your transaction.
Are annual property taxes high?
Costa Rica property taxes are generally low compared to many North American and European markets.
Do closing costs change for foreigners?
The cost categories are usually the same. The bigger differences tend to come from ownership structure choices and due diligence scope.
Next step
If you want help connecting acquisition strategy with operations, start with Real Estate and keep Property Management in the loop early.