What's stopping you owning your dream property in Costa Rica

During our first conversations, many of our clients feel that they are not in a position to move ahead with a property investment in Costa Rica for a number of years.

They talk about a range of problems which they feel make it impossible to purchase sooner rather than later.

Just some of the problems we hear are:

- they own a property, in which they have equity, that they cannot sell because the prices have dropped

- they own a property, in which they have equity, that they do not want to sell until the prices have recovered

- they have cash locked into IRA, 401k, RRSP or other plans

- they are going through a divorce

- their funds are locked into other real assets (cars, heavy machinery, boats)

- they have limited cash available, but lots of assets



With some "out of the box" thinking, you'ld be amazed at the solutions we have come up with for clients, allowing them to have their Costa Rican dream property sooner than they thought possible.


If you have a desire to have your "piece of paradise" and have equity (even if it is apparently locked up in assets), we may just be able to come up with solutions for you.


We have a range of expert associates worldwide who can assist you.


Just contact us on info@costaricainvest.ie or +1-866-990-1123 (toll free) or Europe +353-1-272-4184 or your consultant directly and we'll talk through your particular situation, and make it happen for you.

 

Where can I check out the land registry in Costa Rica?

Do you need to check out the ownership of land in Costa Rica. Well the good news is that the land registry has an online resource where you can have a look your self.

Of course for a complete check of land ownership / title you may like to check with your Notary / Legal Advisor.

The land registry can be seen at

http://www.registronacional.go.cr/

Wait for the introductory flash page to dissapear and then to check the land registry:

• Click on "Catastro Nacional" (National Registry) on the upper navigation bar.
  
• Click on "Consultas" (Search) in the left-hand navigation bar.
  
• If you know the name of the plot of land or Finca: click on "Consulta Por Nombre", enter the Name and copy the squiggly letters (a security check) and click on Consultar (Search) and proceed from there.


• If you know the identity document of the owner of the the plot of land or Finca: click on "Consulta Por Cedula", enter the relevant certificate number and copy the squiggly letters (a security check) and click on Consultar (Search) and proceed from there.


• If you know the registration numbers of the land or Finca: click on "Consulta Por Numero de Plano", enter the Name and copy the squiggly letters (a security check) and click on Consultar (Search) and proceed from there.


• If you know the property or concession number: clcik on "Consulta por Número de Finca o Concesión", enter the Name and copy the squiggly letters (a security check) and click on Consultar (Search) and proceed from there.

Be aware that many people choose to hold their property in Costa Rican SA's (companies) and you may need to check out ownership of the shares of the relevant company to ensure that the individual owns the copmpany which owns the land.

Of course for a complete check of land ownership / title you may like to check with your Notary / Legal Advisor.

In Costa Rica, foreigners actually have the same right to own property as Costa Rican citizens.

While many countries have strict restrictions when it comes to the foreign ownership of real estate, Costa Rica does not. In Costa Rica, citizens and the foreigners have identical legal rights, and these rights are contained in the Costa Rican constitution.

The most important document is the registration on the land registry (not any land deeds) which is the "final word" on who the owner of the land is.