A: The market in Costa Rica and in Samara, more specifically, is fairly active given the size of the town and number of properties in general. We are seen constant growth in the market over the past few years.
A: While the cost of living is generally lower in Costa Rica than many North American and European cities, it is not as cheap as other Central American countries. However, it is one of the safest and stablest countries in Latin America. Imported goods, like vehicles, are highly taxed making them more expensive than many might expect.
A: Most property in Costa Rica is fully titled, fee simple property. There are 2 exceptions: (1) Concession property. Concession property is usually beachfront property in which the government leases out the land with 10, 15, 20 or 25 year leases. 95% of beachfront coastline in Costa Rica is in concession. (2) Derecho. This type of property is essentially fractional ownership of a larger parcel or finca. In most cases, properties that are smaller than 5,000 m2 and do NOT touch public road are not eligible to be titled property.
A: There are no restrictions to foreigners owning titled property in Costa Rica with the exception of concession property.
A: It’s not 100% essential to have a Costa Rican corporation but it is recommend. This is in anonymous way to own property and a better way to protect you and your asset. It is also beneficial when deal with the local utility companies as some have restrictions about foreigners having accounts.
A: There are two main types; Sociedad Anonima (SA) and Sociedad Responsabilidad Limitada (SRL). Each are more or less the same but the SA needs 4 acting members and the SRL only needs 2.
A: Yes. You will need an attorney for the due diligence and drafting and filing the transfer deed at the National Registry. Keep in mind we will work to make the process as clear and simple as possible for you.
A: Yes. Property Management services are available in Samara and it is crucial to have someone looking over your property if you don’t plan to relocate to Costa Rica full time.
A: Building costs vary greatly depending on the materials used and the level and quality of the finishes. A fairy accurate range would be $90 - $120 per square foot but it could go up from there.
A: There are two private schools in Samara: Samara Pacific School and Mareas International Homeschool.
A: Yes there is a decent sized expat community in Samara. It is a mostly a mix of Europeans and North Americans.