Costa Rica remains an attractive destination for real estate investment, for both local and international buyers.
Given the growing interest and market evolution, the government has implemented new regulations to guarantee transparency, legal security, and sustainable development.
Key Changes You Should Know
Stricter due diligence requirements
Buyers, especially foreigners, must comply with more rigorous legal standards. This includes:
• Verifying property boundaries.
• Complying with zoning regulations.
• Ensuring there are no liens or legal disputes.
Legal professionals participating in these transactions must also meet higher standards of responsibility.
Transparency through the digital Property Registry
The National Registry has improved its digital platform, facilitating access to accurate and updated property data.
This modernization:
• Reduces the risk of fraud.
• Facilitates the verification of property titles.
• Improves transparency in real estate transactions.
New tax obligations
Property owners must now comply with new tax regulations, especially if they generate income through rentals.
The Ministry of Finance requires adequate reporting and has tightened penalties for non-compliance.
This implies that investors must pay special attention to tax compliance related to their properties.
Environmental and zoning regulations
Costa Rica's environmental policies are now more closely integrated into real estate legislation.
This means that:
• Development in protected areas is monitored more rigorously.
• Zoning restrictions must be carefully reviewed before buying or building.
• Real estate projects must consider environmental and sustainability criteria.
How does this affect investors?
These reforms benefit serious investors, as they offer a safer, more transparent, and reliable process.
Although initial procedures may be more detailed, in the long term they help to:
• Protect property rights.
• Reduce legal risks.
• Support the sustainable value of real estate investment.
