What legal requirements should I know about buying property in El Salvador?

When buying property in El Salvador, there are several legal steps to follow. First, hire a licensed Salvadoran attorney (abogado) who specializes in real estate ??? ideally one who speaks English. They will conduct a title search at the Centro Nacional de Registros (CNR) to verify ownership and check for liens or encumbrances. The purchase is formalized through a public deed (escritura publica) signed before a notary. Transfer tax is 3% of the declared property value, paid by the buyer. You'll also pay notary fees (typically 0.5-1%) and registration fees. If buying rural or coastal land, verify the property has a proper survey (levantamiento topografico) and that boundaries are clearly defined. For properties in tourist zones, check municipal zoning regulations. There is no annual property tax on properties valued under $28,571.43 ??? above that, the rate is a modest 0.5-1%. Always get independent legal advice before signing anything.