Costa Rica Expertise: December 2013

Monday, December 23, 2013

Second home owners may face sales tax nightmare

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

A recent trip to Liberia and Playas del Coco to check out the Mickey Mouse rumor of Dec. 4 revealed some good and bad news.  The good news is that, places are full of energy and tourists abound.   “The streets are bustling much more so than last year, and it seems tourists have arrived earlier too, way before Christmas.” said one property manager.

This is great news for local businesses and the country.  One area that has shown significant improvement is the rental market for villas, condominiums, and apartments.  One rental agent in Coco said her rentals were up significantly over last year and that everything is booked for the Christmas season.  Property managers said the villas in Los Delfines, Tambor, were full through holidays and that they have great bookings into March and April.

The short-term rental market and the real estate market in general appear to be improving in most areas of the country.  If one were to gauge the market by the building and traffic, especially the crazy traffic, it would appear the country is exploding as it did in 2005.

Monday, December 9, 2013

One option to make a sale is an owner-carry mortgage


By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

In a market where buyers are scarce, sellers need to look at all the options to snag a sale.  Owner financing is one option available to sellers, but many expats are scared to death of the courts and shy away from carrying a mortgage.