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Useful Tips
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Who needs insurance? Of course, everyone does and Costa Ricans are of no exemption. In this Latin American country, you need to avail of insurance packages from state-owned companies. These are INS (Instituto Nacional de Seguros) or Caja Costarricense de Seguro Social (CCSS). However, this particular requirement may not be the case very soon. In the next few years, the insurance market in the country will now be open for competition. This was made possible after the Central America Free Trade Agreement (CAFTA) had been implemented.
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Real Estate Tips
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In Costa Rica, you need to be aware of three possible hazards or problems of property ownership. These are: a.) Maritime Zone, b.) squatters and c.) Expropriation. Here’s an overview of each problem.
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Costa Rica Law
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You will need a lawyer during the entire process of purchasing your very own property in Costa Rica.
There has been a common knowledge that Costa Rica is currently enjoying the real estate boom just like its neighboring country of Panama. It is also crucial that your lawyer is also involved during the closing process during the sale of the property. That involves communicating and coordinating with the realtor (agent) and the property owner (seller). In this article, you will be informed as to what usually takes place during the closing process and the responsibilities of the key personnel as well.
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Real Estate Tips
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It is without a doubt, a great investment to purchase a property in Costa Rica. This is due to the fact that the country is currently enjoying a boom in real estate. This means that properties are being sold at reasonable rates. Surely, you envision yourself having your very own house or condo in this Latin American paradise. A lot of people are sharing your feeling right now, including the retirees who are thinking of spending their remaining years peacefully in Costa Rica. |
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