Puerto Rico Real Estate for Sale & Rent

Puerto Rico - Real Estate for Sale and Rent

Properties may be viewed by selecting the tabs above or the links directly below: Puerto Rico beach and surf image

Real estate in Puerto Rico offers something for everyone. You can find opportunities for real estate investment in developed and undeveloped land with beach access and waterfrontage.

If you are looking for a second home, a primary residence or a place to get away for a break, you may choose from a diverse selection of homes and cottages. For those wishing to work the land you may be successful in finding a farm or plantations that will meet your needs across the island.

Key regions or areas that you may consider when purchasing property here might include::

San Juan	Bayamon
Guaynabo	Carolina
Trujillo	Fajardo
Alto	Caguas
Arecibo	Aguadilla
Mayaguez	San German
Yauco	Ponce
Guayama	Las Mareas

Puerto Rico Governor Extends New and Existing Home Property Purchase Incentive

At the end of last year the Governor of Puerto Rico, Luis Fortuno provided another extension for the Puerto Rico Real Estate incentive program (“Property Stimulus Act”), originally introduced in September of 2010.

With the program’s extension the Governor is underlining his endorsement for a program that allows families to acquire their own homes while also serving to develop increased strength in the local economy.

It has been reported that since the programs’ initial introduction almost 2 years ago, as many as 27,000 properties with an estimated market value of $3.5 billion have been sold.

Under the guidelines of the real estate incentive program, individuals purchasing new homes in Puerto Rico will receive:

(1) A five-year property tax exemption

(2) A 100% exemption on capital gains at the time of resale

(3) 100% exemption on the fees stamps and vouchers

Alternatively for those individuals and families that engage in a purchase transaction of an existing home; they will receive

(1) A 50% exemption on fees stamps and vouchers as part of the transaction costs as well as

(2) A 50% reduction in the taxable capital gains at the time of the property’s resale.

For additional detail and information on this program contact a local professional real estate agent.

Types of Properties; There are many different options available including residential homes, waterfront properties, multi-family houses, townhomes, condos, farm properties, real estate on golf courses, commercial properties and land for sale. If seeking a rental property for vacation or longer term a variety of homes and condos as well as resort, hotels and tourist properties are available for rent, In Puerto Rico you have many options to choose from.

For general sense of homes, pricing and investment, there are exclusive luxury apartments in Puerto Rico just a few steps away from La Fortaleza, the Governor’s mansion, and the El Morro National Park. Beautiful apartments such as these located anywhere else in the Caribbean would be fairly expensive. Here in Puerto Rico however these apartments are reasonably affordable and the prices are typically negotiable. Condos are also very popular. Located in the heart of Condado, you can find fully furnished condos with three bedrooms, a studio, crisp marble floors, a gym and round the clock security. These lavish island condos offer impressive sea views from any point in the unit.

wooden door knocker on a Puerto Rico house

Choosing to purchase a condo is just one option. You may also consider buying a beachfront villa. Imagine your own luxurious single family home on a Puerto Rico beach or the purchase of your own beautiful and fully furnished villa in downtown San Juan.

Offering something for everyone. From a lavishly expensive beachfront villa to a modestly small cottage, owning or renting property in Puerto Rico is like owning your own bit of paradise on earth!

At Home in Puerto Rico

Visitors who arrive in this Caribbean island’s mysterious, hilly interiors, or come to explore its laid back coasts, will come across grand old hill towns where the locals seem to have been feeding the same pigeons in the plaza for decades. There are coral reefs where sea divers can discover more than 30 different species of fish in about as many minutes.

Puerto Rico has more than four centuries of Caribbean Spanish culture that comes face to face with American mall culture of today. Somehow, this leads to a rather unique combination of sorts – fountains and freeways, plazas and parking lots, shanties and skyscrapers – but everything here blends with the diverse history of the Caribbean.

The very first “Free and Associated State” of the United States of America, it is distinctly Spanish, although the locals are citizens of America. Cruising cars and towering buildings reflect the relationship that Puerto Rico has with America, but its language, music, and eclectic culture tells a completely different story. White sandy beaches, ritzy hotels, glitzy casinos, edifices lost in the glory of their colonial pasts – the Caribbean island of Puerto Rico has a little bit of everything for everyone

The official currency here is the U.S. Dollar, but 'peso' is the local term that is frequently used. Most major credit cards and traveler’s checks are readily accepted all over the island. You should note that cash is the preferred means of exchange in many of the rural areas.

WIth regards to employment and industry on the island, manufacturing has largely replaced agriculture as the most significant contributor to the economy. From the 1940’s onward many large U.S. firms have been attracted to the island due to tax exemptions. This has included the electronics, apparel, and pharmaceutical industries as well as the manufacturing of chemicals, plastics, machinery, and oil refining. Raising livestock has surpassed the growth of sugarcane as the principal agricultural occupation. Tobacco, coffee, fruits and vegetables are the other leading crops. The tourism and real estate markets have also been growing significantly and are very important factors in the economy.

If a break on your favorite island for a week or so is just not enough for you, If you plan to make Puerto Rico a more permanent residence, then remember that the real estate is varied and affordable. From a luxury beach property to tiny cottages, this beautiful Caribbean Island offers some unique real estate investment opportunities.