What do I need to know when buying property in Costa Rica?
When we asked expats what advice they would give a foreigner before buying a property in Costa Rica, they said...
"Don't buy. For some reason that I suspect is emotional expats almost always want to buy property, but it doesn't make a lot of sense. It's much easier and cheaper to rent. There's also the widely reported statistic that some half of the expats leave the country within the first year of arriving--and stories abound of those who bought homes taking a huge loss when they sell. There are also a fair number of problems with property theft--your house is sold out from under you without your awareness. Give yourself a few years in the country to become acquainted with the customs and the neighborhoods before you plunk down money you may regret," commented one expat who made the move to San Jose, Costa Rica.
Connect
RelocateNow Costa Rica's clients who run through the RelocateNow Program get quick results in formulating and successfully executing our laid out plan for moving to Costa Rica! Expert consulting for future expats in Costa Rica who wish to fast track the process of their move by receiving the specialized information they need, trustworthy connections within the country, and high level 1:1 support through the entire process.
Click connect to have our partner contact you via e-mail and/or phone.
RelocateNow Costa Rica's clients who run through the RelocateNow Program get quick results in formulating and successfully executing our laid out plan for moving to Costa Rica! Expert consulting for future expats in Costa Rica who wish to fast track the process of their move by receiving the specialized information they need, trustworthy connections within the country, and high level 1:1 support through the entire process.
Connect
Click connect to have our partner contact you via e-mail and/or phone.
"ONLY hire a commonly recommended Attorney Notary who has been recommended by a few Expats. DON'T take risks with any Attorney. DON'T take risks or trust ANYONE! Ensure the Attorney fully checks the property has ZERO issues with it (unless it has 1 or 2 that are negligible). Don't trust anyone with your money. Do your Due Diligence on the Realtor," remarked another expat in Costa Rica.
Please login to continue reading this article.
Not a member? Join Today (it's free).
Other Questions:
- What should I pack when moving to Costa Rica?
- Where should I setup a bank account in Costa Rica?
- Will I be able to find a job in Costa Rica?
- What is life like in Costa Rica?
- What do expats in Costa Rica appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Costa Rica?
- Is there a lot of diversity? Are people in Costa Rica accepting of differences?
- What are the schools in Costa Rica like?
- What are healthcare services like in Costa Rica?
- What are medical services in Costa Rica like?
- Are healthcare and health insurance expensive in Costa Rica?
- What are emergency services like in Costa Rica?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Costa Rica?
- How are local medical facilities in Costa Rica?
- As a foreigner living in Costa Rica, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
What do I need to know when buying property in Costa Rica?
If you live in Costa Rica, newcomers to Costa Rica would love to hear your answer to this question:
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.