In Costa Rican Real Estate there is something called “Zona Maritimo Terrestre” which loosely translates to the Maritime Shoreline Zone. This is also referred to as “Concession Land” which can be a very tricky aspect of Real Estate here in Costa Rica. Roughly 95% of the beachfront property in Costa Rica is labeled Concession Land, in order to try to protect the pristine Pacific and Caribbean Coast beaches.
The main problem with this is that the government does not allow private ownership of this beachfront property.
The first 200 meters from the shoreline are owned by the government of Costa Rica, the first 50 meters are public beaches on which no construction may take place and the remaining 150 meters may be developed through special "concessions" that are approved by the local government.
Beyond this there are many specific rules as to getting a concession from the government and these rules are very important for foreign investors. For example, foreign investors must have lived in Costa Rica for at least 5 years prior to the purchase of Concession Real Estate and at least 50% of the development capital must be Costa Rican.
However we are lucky enough here in Jaco Beach, Costa Rica, to have beautiful TITLED beachfront property. One of the only beaches in Costa Rica that is completely titled and therefore foreign investors don’t have to worry about these restrictions when buying Real Estate in Jaco Beach.
For more information on Titled vs. Concession Real Estate in Costa Rica please feel free to contact me: PiperCostaRica@gmail.com
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