Real estate agencies are a good starting point for purchasing real estate in Puerto Rico. It is important to hire a real estate agent before entering a transaction because most negotiations use Spanish, according to Global Property Guide. The agents are also knowledgeable about the local markets.
Newspapers and websites are other places to find houses for sale. Housing prices in Puerto Rico are comparable to those in Miami and Los Angeles; however, property taxes are much lower than in most places in the United States, says Welcome to Puerto Rico. A buyer can also expect to pay a deposit of 5 percent of the purchase price after he has reached an agreement with a seller, according to Global Property Guide.