Understanding Closing Costs
When purchasing property in Costa Rica, buyers should budget approximately 3.5–4.5% of the purchase price for closing costs.
Cost Breakdown
| Fee | Percentage | Notes | |-----|-----------|-------| | Transfer Tax | 1.5% | Paid to the government | | Legal/Notary Fees | 1–1.5% | Attorney handles closing | | Registration Stamps | ~0.5% | National Registry | | Documentary Stamps | ~0.2% | Various government stamps |
Who Pays What?
In Costa Rica, it's customary for the buyer and seller to split certain closing costs. However, this is negotiable. The transfer tax is typically shared 50/50, while each party pays their own legal representation.
Annual Costs After Purchase
- Property Tax: 0.25% of registered value annually
- Luxury Tax (Impuesto Solidario): Applies to properties valued above ₡137 million (~$250,000 USD)
- HOA Fees: Varies by condominium, typically $150–$800/month for luxury properties
- Corporation Maintenance: If property is held in a corporation, annual fees apply
Pro Tips
- Always use an independent attorney — never the seller's lawyer
- Request a detailed fee estimate before signing
- Budget an additional 1% for unexpected expenses
- Consider the ongoing costs, not just the purchase price
Ready to understand the full investment picture? Contact our team for a personalized cost analysis.