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When purchasing real estate in Costa Rica, one of the most important aspects of the transaction is ensuring that both the buyer and the seller are protected throughout the process. While using an escrow account is very common in countries such as the United States, some buyers and sellers in Costa Rica may not yet be familiar with how it works or why it is highly recommended.

In this article, we will explain what an escrow account is, why it is important during a real estate transaction in Costa Rica, and how it helps create a safer and smoother closing process for everyone involved.

If you’re interested in buying property in Costa Rica, you’re probably exploring your financing options. While property financing here has traditionally been more challenging than in other countries due to complex paperwork and restrictions for non-residents, recent developments have begun to change the landscape. Demand for property in Costa Rica, particularly in desirable areas like Santa Teresa, has spurred banks and lenders to expand their offerings, making financing more accessible for both residents and foreigners.

This guide will walk you through some of the financing options available, focusing on Santa Teresa and the surrounding Cóbano district.