Table of Contents
A Brief overview of this guide
Guanacaste, Costa Rica, is a paradise for real estate investors and expatriates looking for a tropical retreat. With its stunning beaches, growing infrastructure, and favorable investment conditions, this region is becoming a prime destination for those seeking condos for sale.
Whether you’re looking for a vacation home, a rental investment, or a permanent residence, Guanacaste offers a unique combination of natural beauty, modern amenities, and financial opportunities.
This guide provides all the essential information to help you make an informed decision about investing in a condo in Guanacaste. From the best locations and legal considerations to financing options and potential returns on investment, we cover everything you need to know before making your move.
Why Guanacaste is a real estate hotspot
Guanacaste boasts breathtaking coastlines, a warm climate, and a relaxed lifestyle that appeals to retirees, digital nomads, and investors alike. With increasing tourism and development, property values continue to rise, making it a lucrative option for real estate investment.
The province also benefits from a stable political climate, a welcoming expat community, and a strong commitment to environmental sustainability, adding to its long-term appeal.
Beyond its natural charm, Guanacaste has become a focal point for international investment due to its robust infrastructure. The region is home to Liberia’s Daniel Oduber Quirós International Airport, which connects directly to major cities in the U.S., Canada, and Europe.
Additionally, the presence of luxury resorts, high-end dining, and recreational activities like golf, yachting, and eco-tourism make this area attractive to high-net-worth individuals and investors seeking premium properties.
What to expect from this guide
In this guide, you’ll discover:
- The best locations to buy a condo, from vibrant beach towns to tranquil retreats.
- The legal and financial aspects of purchasing property in Costa Rica.
- Insights into the local lifestyle, including safety, healthcare, and cost of living.
- Financing options and return on investment strategies.
- Common pitfalls to avoid when buying property in Costa Rica.
Whether you’re looking for a beachfront luxury condo or an affordable option in a growing community, this guide will equip you with the knowledge to make a smart investment.
Why invest in a condo in Guanacaste?
Natural beauty and tourist appeal
Guanacaste is famous for its pristine beaches, national parks, and vibrant wildlife. The region’s natural beauty attracts tourists year-round, making it an ideal location for vacation rentals and real estate appreciation. With over 200 km of coastline, Guanacaste offers a variety of beaches, from the white sands of Playa Flamingo to the surfing hotspots of Tamarindo and Nosara.
Beyond the beaches, the province is home to stunning natural attractions such as Rincon de la Vieja National Park, Palo Verde National Park, and the mesmerizing Rio Celeste. Adventure seekers and nature lovers flock to the area for activities like zip-lining, sport fishing, hiking, and scuba diving, further boosting the demand for short-term rental properties.
Growing infrastructure and property value
The region has seen significant infrastructure improvements, including better roads, expanded international flights at Liberia’s Daniel Oduber Quirós International Airport, and increased investment in public services.
New commercial developments, resorts, and modern amenities have also contributed to rising property values, ensuring that early investors benefit from appreciation over time.
High-speed internet, international schools, world-class hospitals, and growing retail hubs make Guanacaste a viable option not only for vacation homes but also for long-term living. With new residential developments offering gated communities, security, and modern architecture, the region is adapting to the demands of international buyers seeking comfort and convenience.
Benefits for expats and foreign investors
Costa Rica offers a stable economy, a friendly tax structure for foreigners, and various residency options for property owners. The country’s “Pura Vida” lifestyle, excellent healthcare system, and high safety levels make it an attractive choice for expatriates.
Additionally, foreign investors enjoy the same property rights as Costa Ricans, making the process of buying real estate straightforward and secure.
Investing in a condo in Guanacaste also provides an opportunity for rental income. With an increasing number of tourists seeking high-end accommodations, short-term vacation rentals are in high demand, offering investors a steady return on investment.
Many developments offer property management services, allowing owners to generate passive income without the hassle of day-to-day management.
Whether you’re looking for a lifestyle upgrade, a profitable rental property, or a long-term investment, Guanacaste’s real estate market offers diverse opportunities to suit your goals.
Best areas to buy a condo in Guanacaste
Tamarindo (highlighted area)
Pros: Vibrant nightlife, top-tier dining, strong rental demand, excellent surfing.
Premium location advantage: Tamarindo is a top choice for real estate investment, known for its lively atmosphere, world-class surf, and extensive amenities. With a high influx of tourists and digital nomads, rental properties in Tamarindo yield strong returns, making it a preferred location for vacation rentals. The town also boasts international restaurants, boutique shops, and a dynamic social scene, ensuring year-round rental occupancy and increasing property values.
Playa Flamingo
Pros: Luxury developments, beautiful marina, upscale community, breathtaking ocean views.
Exclusivity & high-end investment: Playa Flamingo is home to some of the most luxurious condos and real estate developments in Guanacaste. With the recently expanded marina attracting yacht owners and affluent travelers, the area presents significant investment opportunities for high-end property buyers. The exclusivity of this location ensures premium pricing, making it a prime choice for those looking for long-term appreciation and high rental yields.
Playas del Coco
Pros: Established expat community, budget-friendly condos, lively town with essential amenities.
Convenient & affordable investment: Playas del Coco is one of the most developed beach towns in Guanacaste, offering a wide range of affordable condos, supermarkets, restaurants, and medical facilities. It is particularly attractive to retirees and budget-conscious investors looking for a mix of local and international communities. The town’s growing infrastructure and proximity to Liberia’s airport make it a convenient and strategic investment location.
Nosara
Pros: Eco-friendly community, yoga retreats, excellent surf, wellness-focused lifestyle.
Sustainable living & exclusive market: Nosara is famous for its commitment to sustainability, wellness retreats, and excellent surfing conditions. Real estate in Nosara tends to be more exclusive due to limited land availability and high demand among eco-conscious buyers. The strong focus on sustainable tourism and conservation enhances property values, making it a long-term investment with significant appreciation potential.
Playa Hermosa
Pros: Tranquil environment, ideal for retirees, stunning sunsets.
Peaceful & scenic retreat: Playa Hermosa offers a peaceful, family-friendly environment, making it ideal for retirees and long-term residents seeking tranquility. Properties here provide great value for those looking to escape the busier tourist areas while still enjoying proximity to essential amenities and beautiful beaches. The serene surroundings and high-quality real estate make this a sought-after location for relaxed coastal living.
Liberia (urban area)
Pros: Close to the airport, more affordable condos, commercial hub with modern infrastructure.
Strategic & growth-oriented investment: As the capital of Guanacaste, Liberia is the region’s commercial hub, offering convenient access to shopping centers, hospitals, and transportation. Condo prices here are more affordable than in coastal areas, making it a practical option for investors seeking long-term rentals. With ongoing commercial and residential development, Liberia is an up-and-coming investment hotspot, offering excellent potential for property value appreciation.
Tamarindo: The condo investment hub
Why Tamarindo leads real estate investment in Guanacaste
Tamarindo is the undisputed hotspot for real estate investment in Guanacaste, thanks to its year-round tourism, world-class surf, and thriving expat community. Investors benefit from high rental demand, ensuring strong returns through both vacation and long-term rentals. Property values continue to appreciate, making it an excellent choice for those looking to secure a profitable asset in a prime location.
Tamarindo’s modern infrastructure, international accessibility, and diverse real estate options attract buyers from all over the world. Whether you’re seeking a luxury beachfront escape or a smart investment property, Tamarindo offers unparalleled opportunities.
Types of condos available
- Beachfront condos: High-end properties with breathtaking ocean views and direct beach access, perfect for premium vacation rentals.
- High-end luxury condos: Exclusive developments with resort-style amenities, including infinity pools, private security, fitness centers, and concierge services.
- Affordable condos: Well-priced options in secure communities, ideal for budget-conscious investors who still want strong rental potential and long-term appreciation.
Regardless of your investment goals, Tamarindo’s real estate market caters to every lifestyle, from luxury seekers to those looking for an affordable entry point into Costa Rica’s booming property market.
Local lifestyle, expat community, and services
Living in Tamarindo means embracing an exciting and convenient lifestyle. The town is home to an established expat community, offering a welcoming atmosphere for foreigners looking to relocate. Residents and visitors enjoy:
- A dynamic restaurant and nightlife scene with both international and local cuisine.
- A variety of water sports, including world-famous surfing, fishing, and diving.
- International schools, making it an ideal location for families.
- Modern medical facilities and private healthcare options.
- A walkable town center with boutique shops, markets, and yoga studios.
Tamarindo’s blend of adventure and comfort makes it one of the most desirable places to live and invest in Costa Rica.
Step-by-Step process to buy a condo in Costa Rica
Finding the right property
Start your search by exploring listings online and visiting the area to get a feel for the different neighborhoods. Working with a knowledgeable local agent, such as Tamarindo Real Estate, is essential to identifying high-value opportunities and ensuring a smooth buying process.
Working with a reliable real estate agent
An experienced agent will help you navigate the market, provide insight into property values, and handle negotiations on your behalf. They will also connect you with reputable legal and financial advisors to streamline the transaction.
Offer and closing process
Once you find the perfect condo, your agent will guide you through making a competitive offer, negotiating favorable terms, and finalizing the purchase agreement.
Inspections, appraisals, and contracts
Before closing, a professional property inspection and appraisal ensure your investment is sound. A real estate attorney will handle title verification, draft contracts, and ensure all legal requirements are met to protect your interests.
Tamarindo stands out as one of the best places to invest in Guanacaste, combining high rental demand, rising property values, and a vibrant lifestyle. Whether you’re buying for personal use or investment purposes, now is the perfect time to secure a condo in this sought-after location.
Financing options for U.S. buyers
Can I finance a property from the U.S.?
Yes, U.S. buyers have several financing options when purchasing a condo in Costa Rica. While some U.S. banks offer international mortgages, these can be limited in availability and may come with stricter requirements.
On the other hand, Costa Rican lenders often provide more flexible financing options tailored to foreign investors.
For those looking to leverage their U.S. assets, refinancing a property in the U.S. to generate funds for a Costa Rican purchase is also a common strategy. Private lenders and developer financing are alternative options for buyers who prefer a streamlined process.
Costa Rican banks offering loans to foreigners
Several well-established banks in Costa Rica offer mortgage loans to expatriates, including:
- Scotiabank: Provides mortgage options with competitive rates for foreign buyers.
- BAC Credomatic: Offers tailored financing solutions, including options for non-residents.
- Other local lenders: Some Costa Rican financial institutions also extend credit to foreigners with specific qualifications.
Mortgage terms vary, so it’s essential to compare interest rates, loan conditions, and eligibility criteria before deciding on a lender.
Requirements, interest rates, and documentation
Foreign buyers should be prepared to meet certain requirements to secure financing in Costa Rica, including:
- Down payment: Typically ranges between 30% and 50% of the property value.
- Proof of income: Buyers must present income verification, such as tax returns, bank statements, or employment contracts.
- Credit history: Costa Rican banks will assess financial stability based on international credit reports.
- Legal residency vs. non-resident status: Loan conditions may differ depending on residency status. Non-residents might face higher interest rates or stricter terms.
Interest rates in Costa Rica tend to be higher than in the U.S., often ranging from 6% to 12%, depending on the lender and the applicant’s financial profile.
Legal and tax considerations
Can foreigners own property in Costa Rica?
Absolutely! Costa Rica has one of the most foreigner-friendly real estate markets in Latin America. Buyers enjoy 100% property ownership rights, whether purchasing as individuals or through a corporate entity. There are no restrictions on foreign ownership, except in the Maritime Zone (ZMT)—a 200-meter coastal strip where special regulations apply.
Transfer and property taxes
Costa Rica’s real estate tax system is relatively low compared to other countries. Buyers should be aware of the following:
- Transfer tax: A one-time tax of 1.5% of the property’s registered value applies when purchasing real estate.
- Notary & legal fees: Typically range from 1% to 1.5% of the purchase price.
- Annual property tax: Just 0.25% of the property’s declared value, making Costa Rica a tax-efficient option for real estate investment.
Public deed and national registry
To ensure legal ownership, all real estate transactions in Costa Rica must be:
- Executed via a public deed: A licensed Costa Rican notary public must formalize the sale.
- Registered in the national registry: This step safeguards ownership rights and confirms the absence of liens or encumbrances.
Hiring an attorney and notary
Navigating Costa Rica’s real estate market is seamless with the right legal support. Hiring a reputable attorney ensures:
- A clear title search and due diligence on the property.
- A properly drafted sales contract that protects the buyer’s interests.
- Assistance with closing procedures, tax payments, and legal compliance.
Many investors choose to purchase property under a Costa Rican corporation (S.A. or S.R.L.), which can offer benefits in terms of liability protection and ease of resale.
Living in Guanacaste as an expat
Coastal lifestyle and pace of life
Guanacaste embodies the “pura vida” lifestyle that Costa Rica is famous for. The region is known for its breathtaking beaches, warm climate, and relaxed pace of life, making it an ideal destination for those looking to escape the stresses of city living.
Expatriates in Guanacaste enjoy an outdoor-oriented lifestyle, with activities such as:
- Surfing and water sports: Tamarindo, Nosara, and Playa Grande offer world-class surf breaks.
- Hiking and wildlife exploration: National parks like Rincón de la Vieja and Palo Verde provide stunning landscapes and diverse wildlife.
- Wellness and yoga retreats: The region has a thriving wellness culture, with yoga studios, ayahuasca Experience and holistic health centers in towns like Tamarindo.
- Beachside dining and social life: Fresh seafood, organic markets, and lively beachfront bars make socializing effortless.
Many expats find that life in Guanacaste strikes a perfect balance between relaxation and adventure, allowing them to enjoy nature, community, and personal well-being in one of the most beautiful corners of the world.
Healthcare and medical services available
Costa Rica is known for having one of the best healthcare systems in Latin America, offering both public and private options that are high-quality and affordable.
- Private healthcare: Many expats opt for private hospitals and clinics, which offer shorter wait times, English-speaking staff, and excellent facilities. Popular private hospitals in Guanacaste include Hospital Metropolitano in Huacas and Liberia, and San Rafael Arcángel in Liberia.
- Public healthcare (Caja Costarricense de Seguro Social – CCSS): Expats with residency status can enroll in the public healthcare system, which provides affordable medical services for a small monthly fee based on income.
- International health insurance: Many expats purchase private insurance policies that cover healthcare costs both in Costa Rica and abroad.
- Medical tourism: Costa Rica is a major destination for medical and dental tourism, offering high-quality treatments at a fraction of U.S. prices.
Overall, healthcare in Guanacaste is affordable, reliable, and accessible, making it a top choice for retirees and expats looking for peace of mind regarding their medical needs.
Safety and cultural adaptation
Guanacaste is known for being one of the safest regions in Costa Rica, with low crime rates compared to many other international destinations. However, as in any foreign country, expatriates should take basic precautions, such as securing valuables and being aware of their surroundings.
Adapting to Costa Rican culture is a rewarding experience, and locals (or “Ticos”) are known for their friendly and welcoming nature. To ease the transition:
- Learning spanish: While many locals and expats speak English, knowing basic Spanish will enrich daily interactions and deepen cultural connections.
- Participating in community events: Farmers’ markets, beach clean-ups, and local festivals are great ways to integrate into the community.
- Embracing the tico lifestyle: Adopting a slower pace, valuing relationships, and prioritizing well-being will make adjusting to life in Guanacaste more enjoyable.
Expats who embrace Costa Rican customs and immerse themselves in the local way of life often find a strong sense of belonging and community in Guanacaste.
Growing International Community
Guanacaste has a flourishing expat community, especially in towns like Tamarindo, Playa Flamingo, Nosara, and Playas del Coco. Expats come from all over the world, creating a dynamic, multicultural environment.
This growing international presence has led to:
- A diverse food scene: Restaurants offering everything from sushi to Italian cuisine.
- International schools: High-quality bilingual education options for families, such as La Paz Community School and Pacific Waldorf School.
- Networking and social groups: Expat clubs, business meetups, and recreational activities that foster friendships and connections.
Whether looking for retirement tranquility, entrepreneurial opportunities, or an active lifestyle, expats in Guanacaste find it easy to build a fulfilling life while staying connected to like-minded individuals.
Cost of living in Guanacaste
Housing, utilities, and internet
The cost of living in Guanacaste varies depending on lifestyle and location, but it is generally much lower than in the U.S. or Europe.
Housing costs: Beachfront condos and luxury villas can be quite expensive, but affordable homes can still be found in expat-friendly towns. Monthly rent typically ranges from $700 for a small apartment to $3,000+ for high-end beachfront properties.
Utilities: Water and electricity costs are lower than in many parts of the U.S., though using air conditioning during the hotter months can increase your bills. A typical electricity bill falls between $50 and $150 per month.
Internet and connectivity: High-speed fiber-optic and cable internet are available in most areas, with packages starting around $40 per month.
Transportation, food, and entertainment
Transportation: Owning a car is common, although public transportation and taxis are also available. Gas prices are moderate, and car rentals are affordable for short-term stays.
Groceries: Shopping for local fruits, vegetables, and seafood at farmers’ markets can greatly reduce grocery bills. Imported goods, however, tend to be pricier.
Dining out: Restaurants vary widely, with budget-friendly local eateries (sodas) serving meals for $5-$8, and high-end dining options ranging from $20 to $50 per meal.
Entertainment & leisure: Outdoor activities like surfing, yoga, and hiking are often free or inexpensive, while cultural events and nightlife are much more affordable than in major U.S. cities.
Comparison with the cost of living in the U.S.
Living in Guanacaste can be 30-50% more affordable than in many parts of the U.S., especially when considering housing, healthcare, and dining costs. A comfortable lifestyle can be maintained for around $2,000-$3,500 per month, depending on personal spending habits.
Many expatriates find their money stretches further in Costa Rica, allowing them to enjoy a higher quality of life, lower stress levels, and a better work-life balance.
Profitability and return on investment (ROI)
Short-Term rentals (Airbnb) vs. long-term rentals
When considering investment opportunities in Guanacaste, both short-term and long-term rental strategies offer benefits. Short-term rentals, such as those listed on Airbnb, typically generate higher income, especially in high-demand areas like Tamarindo, Playa Flamingo, and Playas del Coco.
Tourists are often willing to pay premium rates for well-located, fully furnished properties, particularly during peak season. However, managing short-term rentals requires more active involvement, including frequent cleaning, guest communication, and marketing to maintain high occupancy rates.
In contrast, long-term rentals provide a more stable and predictable income with lower operational costs. Expats, digital nomads, and retirees seeking permanent or semi-permanent residences in Guanacaste contribute to the steady demand for long-term housing. While monthly rental rates may be lower compared to short-term rentals, long-term tenants reduce vacancy risks and eliminate the need for constant property maintenance between bookings. The choice between short-term and long-term rentals depends on your investment goals, time commitment, and desired level of involvement.
High seasons and tourist occupancy
The peak tourist season in Guanacaste runs from December to April, coinciding with the dry season and major holidays. During these months, rental properties experience high occupancy rates, allowing property owners to charge premium prices. Major events, such as Semana Santa (Holy Week) and international surf competitions, also attract large crowds, further increasing demand for accommodations.
Even during the low season (May to November), Guanacaste remains a popular destination. Eco-tourists, digital nomads, and long-term visitors looking for a quieter atmosphere continue to visit the region. Moreover, the rainy season, known locally as the “green season,” enhances the natural beauty of the area, attracting nature lovers and adventure travelers. Investors who offer competitive pricing and added value—such as extended-stay discounts or flexible cancellation policies—can maintain steady occupancy rates throughout the year.
Strategies for Maximizing Passive Income
To optimize rental income and maximize ROI, consider implementing the following strategies:
- High-quality furnishings & amenities: Providing well-furnished properties with modern appliances, high-speed internet, and air conditioning can significantly increase rental value and guest satisfaction.
- Professional property management: Hiring a property management company can streamline operations, including guest check-ins, cleaning services, maintenance, and marketing. This is particularly useful for absentee owners.
- Effective marketing & listing optimization: Using professional photography, engaging descriptions, and dynamic pricing strategies on platforms like Airbnb, VRBO, and Booking.com can increase visibility and attract more guests.
- Leveraging local partnerships: Partnering with local businesses, such as surf schools, tour operators, and wellness retreats, can add value for guests and improve booking rates.
- Legal & tax compliance: Understanding local tax laws and ensuring compliance with Costa Rica’s rental regulations will help avoid legal issues and optimize financial returns.
Recommendations and common mistakes when investing
Common mistakes foreigners make when buying
Many foreign investors are drawn to the beauty and potential of Guanacaste but sometimes overlook essential due diligence steps. Some of the most common mistakes include:
- Failing to conduct proper market research: Buying a property without analyzing rental demand, property appreciation trends, or neighborhood development plans can result in lower-than-expected returns.
- Not hiring a qualified attorney: Real estate transactions in Costa Rica require a thorough legal review. Working with an experienced local attorney can help ensure clear title ownership, verify property zoning laws, and prevent potential disputes.
- Underestimating ownership costs: Beyond the purchase price, investors should account for property taxes, HOA fees, maintenance costs, insurance, and potential capital gains taxes.
- Lack of property inspection: Some buyers purchase properties without a professional inspection, which can lead to unexpected repairs or structural issues.
- Overpaying due to emotional buying: Falling in love with a property without assessing its investment potential can lead to overpayment. Always compare similar properties in the area before making an offer.
How to avoid scams or bad investments
Costa Rica’s real estate market is largely unregulated, which means buyers must be extra cautious to avoid scams or fraudulent transactions. Here’s how to stay protected:
- Work with licensed real estate agents: While Costa Rica doesn’t require real estate agents to be licensed, working with professionals affiliated with reputable organizations (such as the Costa Rica Global Association of Realtors) adds a layer of security.
- Verify property title and ownership: Always request a “certificación registral” (property title certificate) from the National Registry to confirm legal ownership and any outstanding liens or encumbrances.
- Check water and land use permits: If you plan to build or expand, verify water availability and zoning regulations with the local municipality.
- Avoid cash transactions: Ensure all payments go through a secure escrow account managed by a reputable legal firm.
- Be skeptical of unrealistic deals: If a property is priced significantly lower than comparable listings, investigate thoroughly before proceeding.
Practical tips and best practices
To ensure a smooth and profitable investment experience, consider these best practices:
- Engage local experts: Consult with attorneys, notaries, property managers, and tax advisors to understand Costa Rica’s legal and financial landscape.
- Visit the property multiple times: If possible, experience the location during both high and low seasons to gauge demand and potential rental income fluctuations.
- Consider financing options: While most foreign buyers purchase properties in cash, some local banks and private lenders offer mortgage options for expats.
- Plan for exit strategies: Whether you intend to sell the property in the future or transition from short-term to long-term rentals, having a flexible investment approach can help maximize returns.
By following these guidelines and avoiding common pitfalls, investing in Guanacaste real estate can be a rewarding venture, providing both financial gains and a desirable lifestyle in one of Costa Rica’s most stunning coastal regions.
Frequently asked questions about buying condos in Guanacaste
How much does an average condo cost?
The price of condos in Guanacaste varies greatly depending on the location, size, and amenities. On average, you can expect to pay anywhere from $150,000 for a smaller condo in a less touristy area to over $1 million for a luxury beachfront property in places like Tamarindo or Playa Flamingo.
Can I get residency by investing?
Yes, Costa Rica offers residency options for those who invest in real estate. The most common option is the Rentista Visa, which allows expatriates to live in the country as long as they can demonstrate a steady income or investment in property.
What happens with taxes if I rent out my property?
If you rent out your property in Costa Rica, you are required to pay rental income tax. This tax is typically 15% of the income generated. Be sure to consult a tax professional to ensure compliance with local regulations.
What are the main benefits of buying property in Guanacaste over other regions in Costa Rica?
Guanacaste offers several unique advantages for property buyers. The region is renowned for its stunning beaches, year-round sunny weather, and vibrant expat community, making it an ideal location for those seeking a relaxed coastal lifestyle.
The infrastructure is well-developed, with easy access to international airports, such as Liberia International Airport, making travel convenient for both residents and tourists.
Additionally, the area is a growing hub for real estate development, which means there is excellent potential for property value appreciation. Guanacaste’s low crime rates and its reputation as a safe destination for both locals and expatriates make it an attractive place to live and invest.
Can I resell my condo easily?
Reselling a condo in Guanacaste can be relatively easy, particularly in sought-after areas such as Tamarindo, Playa Flamingo, and Playas del Coco, where there is strong demand from both expatriates and vacation home buyers. However, as with any real estate market, timing is essential.
During the peak tourist season, demand is higher, and properties may sell more quickly. If you’re considering reselling, it’s helpful to work with a local real estate agent who understands the market trends and can assist in pricing your condo competitively. Additionally, ensuring your property is well-maintained and updated can increase its appeal to prospective buyers.
What are the typical maintenance fees for a condo in Guanacaste?
Maintenance fees for condos in Guanacaste typically range between $150 to $400 per month, depending on the size of the property, the amenities offered, and the location.
These fees usually cover the upkeep of common areas, landscaping, security, trash removal, and sometimes water and building insurance. Luxury properties or those in high-demand areas may have higher fees due to the inclusion of premium amenities, such as pools, gyms, or concierge services.
It’s important to review the condo’s financials before purchase to fully understand what the maintenance fees cover and to ensure they fit within your budget.
How long does the buying process take for foreigners?
The buying process for foreigners in Costa Rica typically takes between 1 to 3 months, depending on the complexity of the transaction. The process involves choosing a property, making an offer, conducting due diligence (including legal checks and title verification), and signing the purchase agreement.
A qualified attorney and notary will help guide you through the process, ensuring all legal requirements are met. Since Costa Rica allows foreigners to purchase property, the legal steps are straightforward, but it is recommended to work with local professionals to ensure a smooth transaction.
Do I need to be physically present to complete the purchase?
No, you do not need to be physically present to complete the purchase of a condo in Costa Rica. Many property buyers from abroad complete the process remotely by granting power of attorney to a trusted representative (such as a lawyer or notary) to handle the legal aspects of the purchase.
However, if possible, it is advisable to visit the property and the area before making the final decision to ensure it meets your expectations.
What are the rules for renting out a condo in Costa Rica?
In Costa Rica, renting out a condo is generally allowed, but there are certain regulations and taxes to keep in mind. If you rent your property on a short-term basis (such as through platforms like Airbnb), you must comply with local regulations regarding tourism and pay the applicable taxes.
Rental income is subject to a 15% tax, and you should ensure that your property is properly registered with the National Tourism Chamber (CANATUR) if you plan to operate a short-term rental business.
For long-term rentals, a formal lease agreement is recommended to outline the terms of the rental. It’s also essential to check with your condo’s homeowners association (HOA) to ensure that renting is permitted and to understand any restrictions they may have.
Conclusion
Why Guanacaste and Tamarindo are excellent choices
Guanacaste, with its captivating coastlines, vibrant culture, and growing real estate market, stands out as one of the most desirable regions in Costa Rica. The area’s natural beauty, featuring pristine beaches, lush landscapes, and countless outdoor activities, is complemented by a developing infrastructure that offers the perfect balance of convenience and serenity.
Tamarindo, in particular, is a dynamic town that draws both tourists and expatriates with its relaxed yet lively atmosphere, making it the perfect destination for those seeking a mix of luxury and local charm.
Investing in this region not only allows you to enjoy an incredible lifestyle but also offers the opportunity to tap into a lucrative market. The growing demand for vacation rentals and the region’s high occupancy rates during peak seasons make it a prime spot for income-generating properties.
Additionally, the welcoming expat community and Costa Rica’s favorable real estate laws for foreigners make the process smooth and straightforward for international investors. Whether you’re buying for personal use or as a rental investment, Guanacaste and Tamarindo offer solid returns and long-term growth potential.
Contact a real estate agent
If you’re ready to make Guanacaste your home or add a new property to your investment portfolio, now is the perfect time to act. Reach out to Tamarindo Real Estate today to connect with expert agents who specialize in this prime region.
With years of experience and a deep understanding of the local market, our agents will provide personalized guidance to help you find the perfect condo to suit your needs. Whether you’re looking for a beachfront retreat or a property with income potential, we’ll support you every step of the way to ensure a smooth and successful investment process.