The process of buying Real Estate in Costa Rica
The law and constitution of the Republic of Costa Rica protect private ownership of real estates. You don´t need citizenship, residence or even presence in the country for property ownership. This is a very important fact if you are thinking in buying real estate in Costa Rica. This is a real property of the law in Costa Rica
The Maritime Zoning law for beach property
The ownership and usage of beachfront property in Costa Rica is regulated by the 1977 Maritime Zoning Law (Ley sobre la Zona Marítimo-Terrestre - Ley Número 6043). According to this law you are not purchasing beachfront property, you are leasing it. This is known in Costa Rica as a “concession”. This is a very important law that you have to know if you have a real interest in buying real estate in Costa Rica.
Why invest in real estate in Costa Rica
An increasing number of American, European and Canadian investors are being drawn to the real estate market in Costa Rica; they find it offers them a genuine alternative to the volatility and insecurity of equity markets and also an escape from their restrictively expensive domestic property markets.
