In Costa Rica, urban growth has been increasing in recent years. The good thing about this is that the options are expanded for all budgets. In this article we tell you about the budget for luxury properties in Costa Rica, in case you are interested in investing in real estate of the highest quality.
Costa Rica is a fairly safe country with natural paradises that allow luxurious lifestyles with many amenities.
Although most of the luxury properties are located in the Central Valley. In places like Santa Ana, Escazú, Curridabat, Heredia, Ciudad Colón and Alajuela.
There are also very high-class houses in coastal places like Guanacaste, Puntarenas and Limón, which offer all the necessary comforts in daily life but with the plus of the incredible beaches of Costa Rica.
Budget
According to the latest update table, the National Institute of Statistics and Census has estimated that the price of luxury homes in Costa Rica ranges from ¢329,000,000.00 (three hundred and twenty-nine million colones) to ¢2,010,000,000.00
Within that luxury range, there are varieties of options for all kinds of tastes. Some of these properties are located in spacious and luxurious condos that provide all the comforts of living in this mode. However there are other properties that are completely private and that enjoy their own space.
Costa Rica is one of the most attractive and popular places for houses of this type. The costs are due to the fine finishes that the homes have, the technology and the security they provide. You can find properties here that fulfill your greatest architectural dreams. In addition to the tropical climate, there are plans every day that allow you to enjoy your property to the fullest.
Law 8683
Something that you should take into account in case you plan to acquire a luxury property is Law 8683. This law known as the Luxury Property Tax, defines the percentages that the owner of this type of housing must pay.
It is based on a table that divides the different houses into sections according to their cost and based on that, it defines the percentages that must be taxed.
This tax is a joint tax and applies to any property that is valued at more than ¢131,000,000.00 (one hundred thirty-one million colones)
If you are interested in buying a luxury property go ahead. The reality is that these properties are worth every colon. There are properties of all sizes, prices and possibilities. Each unique style of the luxury properties here in Costa Rica makes them a great attraction for investors from all over the world. If you are one of them, don’t be left behind and invest in Costa Rica.
