Recently a luxury tax was passed on homes worth more than $170,000. The charge is .25% to .55% depending on the value of the residence. The money raised from the new tax will be used to build housing for people who live in extreme levels of poverty.The original deadline to pay was the 31st of

Real estate developers who offer future projects or projects in development must now comply with strict rules for the protection of consumers.Those offering real estate for sale with delivery at a future date to register with the Ministerio de Economía, Industria y Comercio and show they have the financial capability to carry out the project.The

When people move to Costa Rica to live or retire, they have to either rent or buy a home. Recently, I was interviewed by a reporter from the Tico Times newspaper about the country’s current real estate market. As most of you probably know the downturn in the global economy affected real estate markets around