American Citizens Buying Costa Rica Real Estate
Great news: Costa Rica fully permits foreign property ownership. As an American citizen, you have exactly the same property rights as Costa Rican nationals. The process is straightforward, and thousands of Americans already own property across Costa Rica.
The Buying Process
- Find your property (SIXPERCENT's AI scans 2,000+ listings)
- Make an offer and sign a purchase agreement
- Due diligence: title search, inspections, survey verification
- Hire a notario público (required for all transfers)
- Transfer funds (wire transfer to escrow recommended)
- Closing and registration at Registro Nacional
Tax Implications for Americans
Costa Rica uses a territorial tax system — you only pay CR taxes on Costa Rica-sourced income. The US requires worldwide income reporting, so consult a US tax advisor about FBAR/FATCA requirements for foreign accounts.
Financing
Most US mortgages don't extend to Costa Rica. Options include Costa Rica bank financing (limited availability for foreigners, typically 50-70% LTV at 7-10% interest), seller financing (common), or using a US HELOC.
Key Facts
100%
Foreign Ownership Allowed
4-5.5%
Closing Costs
0.25%
Annual Property Tax
$995
SIXPERCENT Fee