Puerto Rico
Puerto Rico

Puerto Rico

Condo For Sale In Puerto Rico

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What You Need to Know About the Area Before Hunting Condos for Sale in Puerto Rico?

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Condos for Sale in Puerto Rico

Looking at Puerto Rico condos? So are a lot of people all over the world at the moment. As PR is A US territory – part of the United States without technically being a state – you might think that the only things you’d have to get used to are the warm Caribbean sun and the colorful island culture. After all, If you’re a US citizen, you won’t even need a passport to visit, live, or work there, let alone a visa. However, what a lot of people don’t realize when they look at condos for sale in Puerto Rico is that the financial, legal, and tax systems there are very different from those of the mainland US or even states like Alaska or Hawaii. There are a few things you really should know before looking at Puerto Rico condos for sale. 

This guide should help you get to know the quirks and systems of the island a bit better and prepare you to hunt condos in Puerto Rico properly.

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I’m from the US. What Can I Expect to be Different in Puerto Rico?

Today, Puerto Rico is all but “the 51st state” of the US. Puerto Ricans only lack a vote for the President and representation in Congress, and there are movements towards them gaining that in the next few years.  This is one of the reasons condos for sale in Puerto Rico are becoming so popular – a condo in Puerto Rico is likely to cost quite a bit more if the territory does officially become a state. 

History of Puerto Rico

History of Puerto Rico

History of Puerto Rico

PR is a community property jurisdiction, much like New Mexico, Texas, or Wisconsin. That means ANY real estate you purchase while married, including condos in Puerto Rico, becomes the joint property of both spouses. If you are a PR resident, you simply cannot own one piece of land completely, and your spouse another. It is different if you owned the land before marriage, of course. So plan ahead. 

Its inheritance laws can be unfamiliar as well, and you should take them into account when looking for condos for sale in Puerto Rico. PR has “forced inheritance laws,” which require that a specific portion of your property must be left to “blood relatives” – children, grandchildren, even parents, before your own spouse can inherit your estate. Of course, there are ways around most inheritance laws, such as by moving your estate through a Trust. But then, you’re dealing with PR lawyers, and as we mentioned, that can be unduly expensive too. 

Wills drafted in the rest of the US are generally unenforceable in PR. Yeah, that’s a shocker to many. So consider where any investment you make in Puerto Rican condos might go when you die. If you die with property that exists in Puerto Rico, you’ll need to have a will draw up in PR that covers it.

History of Puerto Rico

Puerto Rico’s Climate and Weather

Puerto Rico’s Climate and Weather

Puerto Rico’s Climate and Weather

Puerto Rico consists of several islands, but they are very close to each other and have very similar types of terrain. Their climates are similar as well, usually that of a  tropical rainforest. In the lowlands where most of the cities are, temperatures tend to be in the mid-80s. Up in the mountains, they rarely fall below the 70s for long. However, all of the PR islands are prone to hurricanes. This means insurance is a big factor for anyone seeking condos in Puerto Rico. 

Puerto Rico’s Climate and Weather

Schools and Colleges of Note in Puerto Rico

Schools and Colleges of Note in Puerto Rico

Schools and Colleges of Note in Puerto Rico

One of the many good reasons to buy a condo in Puerto Rico is to attend one of its world-class schools. The schools do tend to cluster around the largest cities and towns, so of course, condos for sale in Puerto Rico can be found near the schools. If one of the reasons you are considering condos in Puerto Rico is for school, read on.

 The San Juan’s University of Puerto Rico is just one of 11 UPR campuses throughout the territory. This campus is on the coast, drawing in students looking for both urban style and access to world-class water sports. Note that a student visa will be required for international students, but not for US students. 

One thing people looking for condos in Puerto Rico like is a bit of local culture, but a distance from the wildest student hot spots. As a result, there are plenty of Puerto Rico condos for sale far from the “spring break” school crowds. 

For example, Albonito’s Universidad InterAmericana de Puerto Rico is a private, non-profit university with cultural roots in both Latin America and North America. This school is perhaps best known for its social sciences, humanitarian, and hard science degree programs.

Schools and Colleges of Note in Puerto Rico

Condo For Sale In Puerto Rico

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Notable Landmarks In Puerto Rico

Notable Landmarks In Puerto Rico

Puerto Rico Frequently Asked Questions
Puerto Rico Frequently Asked Questions

Other Real Estate In Puerto Rico

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  • Land for sale in Puerto Rico
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