Real Estate in Mal Pais, Costa Rica
Last updated on Apr 05, 2024
Summary: The most desirable neighborhoods in Mal Pais, Costa Rica are Playa Carmen, Playa Santa Teresa, and Playa Hermosa. The average cost to buy a nice 2 bedroom home in Mal Pais is around $200,000 USD, while a nice 3 bedroom home can cost around $300,000 USD. These properties typically include modern amenities such as air conditioning, private pools, and outdoor terraces. Foreigners are allowed to purchase property in Mal Pais, however, they must obtain a cedula (residency card) in order to do so. The best way for an expat to search for a home to buy in Mal Pais is to contact a local real estate agent who is familiar with the area and can provide information on available properties. Additionally, expats can search online for listings of homes for sale in Mal Pais.
How do I find a place to live in Mal Pais?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"When looking for a place to live in Mal Pais, the first thing to consider is where in the area you would like to stay. Depending on how you want to experience Mal Pais, there are a variety of locations to choose from, ranging from beachfront villas to mountain view cabins. Research each neighborhood to determine the best fit for you. Renting a property is the most common option for living in Mal Pais. Many of these rentals are private homes that are furnished, have multiple bedrooms and include amenities like a pool or jacuzzi. Depending on the location, the price range for rentals can vary greatly. In addition to private home rentals, there are several gated communities that offer long-term rental options. These typically provide access to shared amenities like swimming pools, fitness centers, and even golf courses. These complexes are great for those looking for a community atmosphere. For those looking for a more unique living experience and have the budget to do so, there are a handful of eco- friendly resorts in the area that offer custom-built homes available for purchase. Tropicoco Real Estate is a great resource to find all the above types of accommodations. They provide a comprehensive list of properties in the Mal Pais area that can be sorted according to amenities, budget, and desired living experience," remarked one member in Mal Pais.
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What is a typical expat home or apartment like in Mal Pais?
"Expat homes and apartments in Mal Pais are typically stylishly designed and comfortable, often with modern or contemporary furnishings. These homes and apartments often feature a comfortable outdoor living space that incorporates a swimming pool, outdoor bar and seating area making them great for outdoor living and dining. Many Mal Pais homes and apartments are located near the beach and offer stunning ocean views," remarked one member in Mal Pais.
Costa Rica Legal Residency is an articulately bi-lingual boutique firm with 15 + years of successful experience and exclusive focus on Costa Rica Temporary and Permanent Residency, Renewals, Digital Nomad, and Citizenship. Located minutes from the Department of Immigration.
Click connect to have our partner contact you via e-mail and/or phone.
Costa Rica Legal Residency is an articulately bi-lingual boutique firm with 15 + years of successful experience and exclusive focus on Costa Rica Temporary and Permanent Residency, Renewals, Digital Nomad, and Citizenship. Located minutes from the Department of Immigration.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Mal Pais?
If you are thinking about moving to Mal Pais, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Mal Pais is typically mid-range, with many rental properties and vacation homes available for rent. Prices vary depending on the size and type of property, with one-bedroom apartments starting at around $500 per month and larger homes for up to $3,000 or more per month," remarked one member in Mal Pais.
Should I buy or rent a home in Mal Pais?
If you have not spent a lot of time in Mal Pais, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Mal Pais can be a great investment, depending on what your situation is. Consider the cost of a home and whether you can afford to buy, as well as the rental prices in the area, before deciding which option is best for you. A real estate agent can help you understand the local market and help you figure out which option is in your best interest. You should also consider the upkeep required for a home, versus the cost of renting - buying requires an initial investment as well as ongoing maintenance. Ultimately, the decision of whether to buy or rent a home in Mal Pais should be based on your specific needs and financial situation," explained one expat living in Mal Pais, Costa Rica.
What do I need to know when buying property in Mal Pais?
When we asked expats what advice they would give a foreigner before buying a property in Mal Pais, they said:
"When buying property in Mal Pais, it is important to research the local laws and regulations regarding real estate transactions. It is also important to understand the local tax implications of owning property in Costa Rica. It is also important to understand the local infrastructure and services available in the area, such as water, electricity, and internet access. Additionally, it is important to research the local market to understand the current prices and trends in the area. Finally, it is important to work with a reputable real estate agent or lawyer to ensure a smooth and successful transaction," said one person in Mal Pais.
Are foreigners allowed to own property in Mal Pais?
When we asked expats what advice they would give a foreigner before buying a property in Mal Pais, they said...
"Yes, foreigners are allowed to own property in Mal Pais. The Costa Rican government has established a legal framework that allows foreign citizens to purchase and own real estate in the country. This framework is known as the "Fideicomiso" and it allows foreign citizens to purchase and own property in Costa Rica without having to obtain residency. The Fideicomiso is a trust agreement between the foreign citizen and a Costa Rican bank, which acts as the trustee. The bank holds the title to the property on behalf of the foreign citizen, and the foreign citizen is granted the right to use and enjoy the property," explained one person living in Mal Pais, Costa Rica.
What appliances are typically included in a rental?
We asked foreigners in Mal Pais what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Mal Pais typically include a refrigerator, stove, oven, and microwave. Additionally, many properties come with a washing machine and dryer, as well as air conditioning and ceiling fans. Some properties may also include a dishwasher and other small appliances," explained one foreigner living in Mal Pais, Costa Rica.
Additional Information about Searching for a Home in Mal Pais:
We asked foreigners in Mal Pais what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Mal Pais by looking online for real estate listings, contacting local real estate agents, and asking other expats who live in the area for recommendations. Additionally, expats can look for rental listings on websites such as Airbnb and VRBO, or search for local classifieds for homes for sale or rent," remarked one foreigner who made the move to Mal Pais.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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