Friday, April 24, 2009

Buying land in Costa Rica






You may not be aware of this, but in order to purchase land in Costa Rica, you do not have to be a legal resident or citizen.
Costa Rica is a very foreigner friendly country and the government is stable.
Costa Rica has no army, but there is a treaty between the U.S. and Costa Rica from 1948 which declares that should Costa Rica ever be threatened, the U.S. army will step in to ensure peace.
Costa Rica is in every way the kind of place that anybody with money for an additional house or piece of property should consider buying in.
Costa Rica real estate agents do not need to be licensed. What you need is a lawyer. A lawyer usually gets 1.5 percent of the transaction and the real estate broker 5 percent.
Property tax is low, but if you purchase concession land, it gets high.
Concession land is beach property up to 200 meters from the shoreline.

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