Costa Rica Real Estate Overview

Costa Rica’s stable economy and long standing democracy has made it a preferred location for international property developers. Add to that, the fact that Costa Rica has had no standing army for more than fifty years, the astronomic growth of the tourism industry, and the reason Costa Rica real estate is in high demand becomes clear. In 2008 alone, the United Nations World Trade Organization (UNWTO) reported over two million tourist entrances into Costa Rica.

The tourist boom has accounted for the rise of the Costa Rican real estate market. This is evidenced by the fact that a lot of hospitality brands have set up business in Costa Rica in different areas of the country. The Guanacaste province in the north has seen the launch of several luxury brands. Jaco beach, two hours’ drive from Costa Rica is another location that has seen the rise of the real estate boom. The Los Suenos resort in Jaco is a good example of the high demand of the Costa Rica real estate market.

Costa Rica is one country where foreigners can own property and are granted the same rights as citizens when it comes to the ownership of property. This has made owning one of the Costa Rica homes for sale or any Costa Rica real estate product particularly attractive to foreigners and international property developers over the years.

When buying a Costa Rica villa, or any other type of Costa Rica real estate product, the first place to start would be the National Public Registry (NPR), which is managed by the Ministry of Justice in the Executive Branch. All real estate titles must mandatorily be registered in the NPR and a full description of registered real estate titles is available to the public.

This registry also contains a complete history of previous real estate transactions, including pending transfers, liens or any other restriction on the property. It is important to conduct a search of the property you are interested in purchasing at the NPR. Of course, if you have a good estate agent, this will not be a problem.

The Costa Rica real estate market has everything for the prospective purchaser. If you are looking for a Costa Rica villa or a farm, you will find it in Costa Rica. If you prefer the ownership of a luxurious property without the pain of constant maintenance, one of the Costa Rica condos for sale would be your best bet. Beachfront property also has a great appeal to prospective buyers, especially as Costa Rica is known worldwide for its fantastic beaches.

However, you need to know that ownership of beachfront property generally includes some limitations on foreigners, but there are exceptions. Jaco beach is one of those, which is why the Los Suenos condos for sale have enjoyed prominence in the Costa Rica real estate market. Whatever your real estate need might be in Costa Rica, contact the Coldwell Banker Vesta Group Jaco, for more information and guidance in your investment in Costa Rica real estate.