Investing in vacation rental properties in Costa Rica has become increasingly attractive to international investors. The country's stable economy, strong tourism industry, and favorable tax regulations create a positive environment for property investments.
Costa Rica's stunning natural beauty, welcoming culture, and stable political environment have made it a top destination for foreign property buyers. Whether you intend to buy a beachfront retirement home, an investment opportunity, or a lush mountain retreat, Costa Rica offers attractive options. This guide will navigate you through the essentials of buying property in Costa Rica as a foreigner.
If you're looking to invest in a condo in Playa Hermosa, Guanacaste, Costa Rica, you'll find a variety of options to suit different budgets and preferences. Whether you’re after an ocean view, proximity to the beach, or a budget-friendly choice, there’s a condo community here for you.
Property Taxes: The BasicsBuying property in Costa Rica comes with a perk—property tax on "Fee Simple Title" properties is just 0.25% of the fiscal value recorded with the local municipality and national property register. These taxes help fund local municipalities, unlike in some countries where the national government collects them.
Costa Rica has a reputation for offering good medical care, especially compared to other countries in Central America. The country has a universal healthcare system called the “Caja” (CCSS), which provides healthcare to all citizens and legal residents. Additionally, there are private hospitals and clinics that offer high-quality medical services, catering to tourists and expatriates. Many physicians in Costa Rica are trained internationally and are proficient in English, making healthcare accessible to visitors from abroad.
The capital gains tax in Spanish is called “Ganancias de Capital.” It was bound to happen! Capital gains tax is now a reality in Costa Rica and has been in effect since July 2019. What’s the rate? Well, the capital gains rate is fifteen percent (15%) of the gain. Being a home owner in Costa Rica, it is important for you to know how this tax can affect your personal tax situation.
You fell in love with Costa Rica and after looking at all the built homes in the area you decided that you want to buy a lot and build. If you haven’t built a house from scratch before than this guide will be quite useful. Even If you have built a home in the past this will help you avoid pitfalls particular to Costa Rica and keep you on the right track.
Let us state right up front: we're not saying "don't build a home in Costa Rica". We're just showing you all the options, including the best way to build a custom home from scratch.
