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Buying or Building ? - Professional Services |
Buying Beachfront Properties In most cases, beach front property is untitled because in Costa Rica ownership and possession of the shoreline is governed by the Maritime Zone Law - (Ley Sobre la Zona Maritimo Terrestre) which restricts the possession and ownership of beach front property. By law the first 200 meters of beach front starting at the high tide markers is owned by only the government. Of the 200 meters, the first 50 meters are deemed public zones (Zona Publica) and nobody may posses or control that area. In 2005 some Municipal governments in the Province of Guancaste began demolishing various constructions which were illegally built within the 50 meter public zone. On the remaining 150 meters, refered to as the Restricted Zone (Zona Restringida), the central government through the local Municipal government will lease by way of concessions the land to private individuals or corporate entities. Before conferring the concession, the law mandates that the beach area have the high tide markers in place (Mojones) and a Zonning Plan Approved (Plan Regulador). The Maritime Zone Law provides restrictions as to foreign ownership or possession of beach front property so a more in depth and careful study is always required when considering an investment in beach front property in Costa Rica or for that matter, any country . . . . . . . |