Investing in real estate, with successful results, can be a crucial decision for many people. If you are a foreigner and are interested in purchasing property, stay until the end of the article and find out about the new benefit.
Without a doubt, investing in property can be one of the most important decisions in a person’s life. And for many it can involve a complex and tedious procedure. It begins with the investigation and search for real estate, according to one’s own desires, needs, possibilities, resources and budget; going through the negotiation of the value, the purchase itself and the post-commercial transaction management. Costa Rica continues to be a country that constantly seeks to streamline the investment processes of this type of operations, both for nationals and foreigners, expanding access to possibilities.
New credit for foreigners: unmissable opportunity to invest
Those who decide to invest in Costa Rica point out that one of the main reasons for their choice is that it is a paradisiacal and constantly expanding destination. The latest developments in financial credit come to facilitate, even more, access to the purchase of homes by foreigners, with or without residence.
WE ARE COSTA RICA, a company dedicated to real estate, will offer, through an agreement with Banco BCT, an accessible financial program for those who wish to invest in a new home. The benefit is intended for nationals of the United States and Canada, whether or not they are residents of Costa Rica. This point is a milestone that marks a before and after, since it eliminates the requirement of having Costa Rican residency to apply for a financial loan, and becomes the gateway for many foreign investors.
What new features does this financial program offer?
Among its many advantages, there are four main ones: terms greater than 20 years, credits greater than $1,500,000.00, accessibility to properties up to $3,000,000.00 and the possibility of annual amortization of up to 10% of the total amount without penalty.
If at the end of this article you are interested in acquiring a property in Costa Rica, and are eager to access this benefit, at ERP Lawyers we want to become your right hand.
We know that starting the process of buying (or selling) a property can be complex without excellent legal advice on this type of property. We want to accompany you and guide you in the procedure in order to have all the essential requirements to register your property correctly, guaranteeing a successful result (to avoid any type of later inconvenience). For this reason, and to ensure that you are making the right decision, we offer various real estate legal advice services such as: letter of intent to purchase a property, lease contracts, property trusts, declaration and payments of municipal taxes, property tax. luxury home in Costa Rica and real estate Due Diligence, among others. We look forward to your contact to receive more information.
