Property Criteria for Development in Costa Rica

Finding a property for development in Costa Rica doesn’t have to be complicated. However, the nature of the land use and potential of each property makes the search, filter and purchase process complex. This is much of the added value offer by a NATIVU advisor or Real Estate Scout with experience in properties for development in Costa Rica, avoiding the obstacles of the process and filtering, while facilitating the proper documentation, negotiation and use of opportunities for development.

The types of properties for development can be broadly categorized into the following:

This category includes  single-family homes, multi-family units such as duplexes and apartments, townhomes and condominiums. Properties for residential development can also extend to housing complexes, retirement homes, or student housing near educational institutions.

This type of real estate involves the development of spaces for businesses. Some examples include office buildings, shopping malls, retail stores, and mixed-use buildings that may include offices, retail stores, and living spaces.

These are used for industrial purposes and include factories, warehouses, research and development parks and distribution centers. These development properties offer an ideal mix of production, storage and distribution space, making them an attractive option for growing companies and diverse industry sectors.

This category includes hotels, motels, resorts and other vacation properties. Development can range from small boutique hotels to large-scale resorts. These properties are designed to provide comfort, entertainment and memorable experiences.

These are a combination of any of the above. A mixed-use property could have commercial spaces on the ground floor, residential apartments on the upper floors, and could even include some elements of hospitality.

These types of properties are designed for a specific purpose, such as schools, hospitals, government buildings, and churches, among others. Unlike mixed-use or commercial properties, these properties are created for a specific use or function and their design and features are tailored to meet that particular goal.

This type of real estate  development involves the purchase of raw land and its development into construction lots for homes or commercial buildings.

Each type of development property in Costa Rica involves unique considerations, such as zoning laws, market demand, financing options, and the development process itself. For this reason, many investors in property development in Costa Rica specialize in one or a few types of property development.

If you are ready to take the leap and invest in the Costa Rican market, do not hesitate to contact our specialized advisors.

Live happy and invest wisely with Nativu!