| Have you thought about making the giant leap and purchasing
beach front property as a second home or an investment? During
the past 5 years real estate has been increasing at a remarkable
18 - 30 % per year. How do you invest in Costa Rica beach
front properties? Read on, and I'll share my thoughts on the
guidelines to buying beach front property anywhere else in
Costa Rica.
Here's one current example of one the best deals for beach
front property that is 38 (plus acres) that could be developed
as urbanization or your own personal estate.
There are only two ways to go about buying beach front property
in Costa Rica? The wrong way, and my way. Based on my experience
of living here in Costa Rica for the last 15 years. Here's
my thoughts:
- Make sure the area your looking at is a place you would
like to vacation at. If you plan on making a large purchase
then spend a few days in the area to see if it is the right
place for you. You will get a more in depth idea if you spend
more time there. You don't want to in your "tropical
dream paradise" regretting that you've done it.
- Find a competent lawyer to represent your investment. Do
not use the lawyer who is associated with the buyer. Always
find your own lawyer to manage your purchase. It's important
to find one that has considerable knowledge of maritime zone
law.
- Costa Rican maritime law is different in every Central American
country and you need to know all of the details before purchasing
beach front property in Costa Rica. In Costa Rica, the maritime
zone is 200 meters from the average median high-low tide all
year long. The first 50m is public property and the 150 meters
from that line is restricted. The 150 meters stretch can not
have an "original title", but can be leased by a
concession by the local municipality.
- Once your sure of purchasing your property act quickly
(but prudently). Since property in Costa Rica is in high demand
a good deal won't last long. Land prices are on the rise,
and not showing signs of slowing down any time soon. Once
your sure, act. The current owner may have second thoughts
and want to renegotiate or may not want to sell.
- Negotiate directly with the owner. There are many middle
men that light be charging you too much. If an agent says
you can't speak with the owner then do not waste your time
or money.
- Get a topographer to do a recent survey the land. The owner
will have a "plano catestrado", but you will need
to make your own survey to verify the location and size of
your property. You want to make sure your getting what you
paid for.
The best of luck in your search for your beach front property
in Costa Rica!
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