Real Estate
10 min read

Costa Rica Real Estate Investment Guide 2024

Everything you need to know about investing in Costa Rica real estate, from legal considerations to market trends and opportunities.

Costa Rica Real Estate Investment Guide 2024

Costa Rica continues to attract international real estate investors thanks to strong property rights, a stable democracy, and enduring lifestyle demand. This guide summarizes common structures, due diligence priorities, and market dynamics to help you invest more confidently.

Key takeaways

  • Foreign buyers generally have the same property rights as citizens, but due diligence is essential.
  • Coastal markets depend heavily on fundamentals: access, water, power, and permitted use.
  • Returns often come from a mix of rental income and long-term appreciation.

Why invest in Costa Rica?

Costa Rica offers a rare combination of lifestyle demand and relative stability.

  • Strong property rights and a long history of democratic stability
  • Year-round tourism demand in many coastal regions
  • Limited prime inventory in top lifestyle markets

Ownership structures (high level)

Investors typically consider:

  • Direct ownership (fee simple): common and straightforward
  • Corporate ownership: often used for flexibility and planning
  • Condominium ownership: simpler operations in some cases

Work with a qualified attorney to choose the right structure for your situation.

Coastal due diligence checklist

In beach markets, “the basics” matter more than finishes:

  • Title verification and lien searches
  • Survey and boundary confirmation
  • Legal access and easements
  • Water source reliability and storage
  • Electrical capacity and surge protection
  • Zoning / permitted use and expansion limits
  • Drainage and erosion risk

If you’re focused on Santa Teresa, start here: Real Estate.

Costs and taxes (what to plan for)

You’ll usually budget for:

  • Closing and registration costs
  • Ongoing property taxes
  • Insurance and maintenance

For a simple overview: Costa Rica Real Estate Closing Costs & Taxes.

Rental income strategy

If rentals are part of the plan, treat operations like a business:

  • Define the property positioning and guest promise
  • Budget for professional standards (housekeeping, maintenance, response time)
  • Build a preventive maintenance calendar

Learn more: Property Management.

Common mistakes (and how to avoid them)

Many “bad deals” are actually due diligence failures.

  • Buying a view and ignoring access
  • Underestimating water planning
  • Assuming “rental-ready” means operationally ready

Read more: Top Mistakes Buyers Make in Coastal Costa Rica.

Next step

If you want help connecting acquisition strategy with an operating plan, contact the team through Real Estate or Property Management.

FAQ

Can foreigners own property in Costa Rica?

In general, yes—foreign buyers typically have the same ownership rights as citizens.

What should I verify first in a coastal purchase?

Access, water, power, and permitted use. Those fundamentals drive both livability and rental performance.

Is Costa Rica a good rental market?

In the right locations and with strong operations, it can be. Service quality and reliability are the differentiators.

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