Reading the news here in Costa Rica today I found news like this: “Oficenters (commercial real estate) is not in crisis” or “translational companies are still investing in Costa Rica more than $144k”. these news gives me more reasons to think is time to invest in Commercial Business in Costa Rica. (more…)

This time i want to talk about the property Taxes, and gives some highlights important to consider:

1. This tax is handle by the local government where the property is locate.
2. In case a person has a sole property,  can apply for an exemption. this exemption if for 45 minimum salaries. The tax should be paid for the excess of that amount. Around $20.000. In fact is possible to ask for an exemption for previous year (up to 5 years). (more…)

Here in Costa Rica, the real Estate properties all around the country are inscribed in just one place, the Public Registry. For year this government institution  has been improving the process and today we have a great registration system. While in the past a transfer deed was inscribed in a month or more , using manual and obsolete equipments, today it last no more than a week, basically because all the process is digital almost in a 100%.  today is possible to have access to all the information via Internet, getting information about mortgages, liens annotations, property owner etc.-

But,  remember, this technology is new or at least has been using in the Public Registry in the last 5 or 7 years, then, where and how are the old records?, and how important are to take in consideration in a purchase process. (more…)