Buying A House On A Costa Rica Beach | Costa Developers

Imagine waking up and looking out your bedroom window to see the calm blue waters from your beachfront home in the Central Pacific coast of tropical Costa Rica. Isn’t it a dream to contemplate?

Because we know that you’re tempted to run off right this minute to buy your piece of beachfront property, we want to let you in on some important legal matters that you have to be aware of before you buy.

Beachfront property in Costa Rica is regulated by the Maritime Terrestial Zone Law, if you’re planning to buy a piece of land near the beach you’re going to have to know what constraints and rules you have to follow under this law.

The Maritime Terrestial Zone is the 200 meters inland zone measured from the coastline.

The zone is divided into the public and restricted zones. By law, all beaches are public;the first fifty meters measured from the median high-tide line (public zone) is off-limits to private ownership. For the remaining 150 meters (restricted zone) you can “lease” a piece a property under what’s known as a concession.

These concessions are given for a period between 5 to 20 years, and this time period is generally renewable if approved by the ICT (Costarican Institute of Tourism) and the local municipality.

If you’re not a costarican citizen, you’re not eligible for a concession unless you’ve lived in the country for a minimum of 5 years. You can in theory still qualify for a concession if you lease the property using a costarican corporation, however make sure that 50% of the company’s shares is owned by costarican citizens.

The process can be tedious, you should expect it to take six months for everything to go through. Our best suggestion is to work with a local lawyer and a reputable property developer. We here at Costa Developers can help you with any questions that you might have on buying beachfront property in Costa Rica.

We’re pretty sure that you’re eager to own your little piece of paradise on the sand, Costa Rica is the perfect place to find your dream home on the beach. Once you’re granted a concession, the land is yours for its duration; we know that you won’t regret your decision.

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