Construction projects planned

This is a small selection of what is currently planned:

The Costa Rican Social Security Fund presented the EIA to build and equip a medicine unit located in San José. According to the study, the project is called "Construction and equipment of the Reproductive Medicine Unit of Women's Hospital Complexity" and approximately $ 8.3 million will be invested.

Real estate Luxury tax

The Government of Costa Rica presented the luxury tax on houses valued at more than 100 million colones in 2008. It is also known as the "Solidarity Tax for the Strengthening of Housing Programs" and is paid in addition to the existing property taxes.
Luxury tax is based on the market value of the house. It is not calculated on the basis of the land on which the house is built. This is how it is calculated:

Business registration

With the implementation of the commercial license process, the time to formalize a company in the cantons of Abangares, Cañas, Tilarán, Bagaces, Liberia and La Cruz was reduced from 40 to 7 days.
A statement the Ministry of Economy explained that in addition to the reduction in the time that takes the process to formalize a company, the time to manage the process to obtain construction permits was  also improved.

Real Estate Tax

Local governments are required to conduct routine property assessments of real estate located in their jurisdiction. These assessments are used to create a property tax on a specific piece of real estate that is ultimately the responsibility of the local government to collect.
While annual payments are more common, it is also possible for a local government to decide on semi-annual or quarterly property tax payments in that region.
The general property tax rate is 0.25 percent of the property's registered value, usually determined by the evaluation commissioned by the local government responsible for the plot.

Construction prices October 2017

The price index for buildings and low-income housing registered interannual variations of 7.34% and 5.19%, respectively, in October 2017.

The price indexes based on February 2012 are composed of twenty-one statistical indicators, which measure the variation in the prices of the materials used in the construction of different types of works. They are composed of the price index of buildings, the index of prices of affordable housing, and a group of nineteen indexes of prices of inputs and special services.

World Map of Tourism Investment

For the very 1st time, Costa Rica will be included on the World Map of Tourism Investment to hold the Conference specializing in Sustainable Investment in Hospitality and Tourism next November 13th-14th 2018 in San José.
It is a high-level event that will be free for attendees and that it is also expected to be held on an annual basis.

Planned Construction Projects

Here are just a few examples of real estate and construction projects planned in the next few months:
Several condominium projects, a wind power plant, an industrial park and high rise condominiums

Details of some of the projects:

Condominium Developments in Playa Carillo, Pacific Coast with perfect sunset view.
Water concessions, environment permits approved.
Landscape design for 11 hectares (29 acres) finished.
Currently looking for investors or project developers.

Real Estate Invest

The most popular way to invest in Costa Rica is through its many different real estate options. The country is a great place to retire and has become increasingly popular with the baby boomer generation for its choice of vacation homes.

Land development projects have especially become more popular with investors, with the possibility of allowing the rights to be used for either residential or commercial construction.

Costa Rica has a very low property tax rate of 0.25% of the registered property's value.