Foreign Ownership Rights:
Contrary to common misconceptions, foreigners, whether residents or non-residents, enjoy the same rights as citizens when it comes to owning Costa Rica real estate. Yes, you can legally own your piece of paradise!

Most properties in Costa Rica are titled, ensuring secure ownership. However, understanding the distinction between titled and concession properties is crucial. The Maritime Zone (ZMT), located within 50 meters of the high tide line, falls under concessions. While non-citizens can own up to 49% of a concession, the majority is public and protected.

To maintain transparency, all titled, IDA, and concession properties are registered in the National Registry. Having a bilingual real estate attorney/notary is paramount, as only they can record a purchase in the National Registry through a protocolized deed. Visit http://www.rnpdigital.com/index.htm for digital certifications and powers of attorney.

Citizens, residents, and non-residents alike should hire an attorney for their real estate purchases. Don’t just hire any attorney for your Costa Rica real estate purchases. I recommend you hire your own bilingual real estate attorney/notary public and someone who specializes in real estate, so you are well represented. Only a notary public can record a purchase in the National Registry through a protocolized deed that will be registered in the National Registry. I can personally refer you to trustful and professional attorneys. Don’t hesitate to ask me.

While home inspections aren’t common, they are highly recommended. A trustworthy home inspector or contractor can evaluate your potential purchase thoroughly. And yes, you can buy homeowners’ insurance at reasonable rates, with options like earthquake or theft coverage.