Can a foreign buy a freehold property in Cost Rica?

Costa Rica is known as a popular property destination in Central America for real estate investors. But the biggest question is can a foreigner buy a property in Costa Rica?

Would it be a good idea for you to buy a property in Costa Rica through an LLC or some other legal construction?

Many foreigners don't have any idea what is the best way of purchasing a property in Costa Rica. Here is this brief guide to get you a good idea of where and how to buy a real estate property in Costa Rica.

Titled property

Most of the properties in Costa Rica are titled properties. Any property that is situated within 50 meters of the high tide zone on the coastline is public and secured. The 150 meters that are neighboring this zone is known as the Maritime Zone (ZMT) such as a Quepos Marina which is a popular travel destination in Costa Rica. This land is a concession by the district and a non-resident can possess up to 49% of the concession. Very few properties in this zone are freehold properties.

There is next to no untitled land left in Costa Rica, however, it is conceivable you will find some property that is in the "ownership" of individuals who live in it. They can demand a title following 10 years.

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