Individual Retirement Account (IRA) in Costa Rica

Using Your Individual Retirement Account (IRA) to Purchase Property in Costa Rica   Many people are unaware that they can transfer their IRA funds to a Self Directed IRA custodian which then would allow them to invest those funds in Costa Rican real estate.   Choosing an investme
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Costa Rica Foreclosure

Mortgage Foreclosure Process in Costa Rica

What is the Mortgage Foreclosure Process in Costa Rica ?   If you borrow money in Costa Rica the lender will record a mortgage on your property known as an “Hipoteca”.   If you fail to pay the mortgage lender they have the right to initiate a mortgage foreclosure process t
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Law Proposed to Cancel Fraudulent Deeds in Costa Rica

How to deal with property fraud in Costa Rica.  Cancel fraudulent deeds in Costa Rica administratively. A new legislative bill that is being introduced in the Costa Rican Legislature is aimed at resolving the inequities caused by fraudulent property transfers in Costa Rica.   If a pro
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Costa Rica Real Estate Survey

Costa Rica Real Estate Market Outlook for 2017

What does the Costa Rica Real Estate market look like for 2017 ? We were curious to see what the local real estate service providers were thinking.   To ask the question a survey was prepared in both English and Spanish and it was circulated among the Real Estate service providers in
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Costa Rica Indirect Transfer Tax

Costa Rica Taxes Indirect Property Transfers

Costa Rica taxes indirect property transfers.  The Costa Rican Legislature passed the law titled Ley de Fortalecimiento de la Gestión Tributaria, Ley No. 9069. This law modifies the existing law on real estate transfer taxes (Ley de Impuesto Sobre el Traspaso de Bienes Inmuebles Ley N
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Consumer Protection Costa Rica

Consumer Protection Law Expanded to Cover Real Estate Sales

By way of executive decree number DE-35548 the Consumer Protection Law of Costa Rica was updated to include contracts for future sales of real estate property. Under the new law developers that wish to offer pre-construction sales contracts will have to demonstrate their financial cap
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Costa Rica Earnest Money Deposit

Costa Rica Earnest Money Deposits

In Costa Rica just like most other countries around the world it is customary to tender an earnest money deposit in real estate transactions. In Costa Rica a deposit is known locally in several different names such as “deposito de garantía”, “arras confirmatoriasR
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Squatter Rights in Costa Rica

Squatters on my property in Costa Rica.  When you mention squatters in Costa Rica it conjures images of somebody physically taking over your property.  In Costa Rica the issue of squatters has its nuances because it may involve political, social and legal issues that don’t all necessa
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Beach Front Property in Costa Rica

Beach Front Property in Costa Rica

Costa Rica beach front property has some nuances about it. Did you know that the first 200 meters of the high tide marker is owned by the Costa Rican government. To find out what is involved when considering beach front property in Costa Rica view the video.
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Costa Rica Real Estate Closing Costs

Real Estate Calculator

Calculate the real estate closing costs for a property in Costa Rica. Costa Rica has an established fee schedule for closing costs. The fees and transaction costs are based upon a percentage of the value of the transaction. In the section below you can enter the current exchange rate
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Buying ? Building ? Here is What you Need to Know

Considering Buyer or Building in Costa Rica ? Buying property and constructing buildings or a home can be an intimidating process, even when you are at home in your own culture and knowing what to expect and plan for. In a foreign country, the same processes can be downright frighteni
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Property Theft in Costa Rica

The idea that somebody would steal your property seems an inconceivable notion.  However, in Costa Rica it can and does happen. I will point out how it happens and what you can do to minimize your risk. In Costa Rica all title to property is centralized and recorded in the Property Se
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