Since Property In Costa Rica Is In High Demand A Good Deal Won T Last Long

Category: Finance, Real Estate.

Have you thought about making the giant leap and purchasing beach front property as a second home or an investment?

How do you invest in Costa Rica beach front properties? During the past 5 years real estate has been increasing at a remarkable 18- 30% per year. Read on, and I ll share my thoughts on the guidelines to buying beach front property anywhere else in Costa Rica. There are only two ways to go about buying beach front property 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. The wrong way, and my way. Here s my thoughts: - Make sure the area your looking at is a place you would like to vacation at.

Based on my experience of living here in Costa Rica for the last 15 years. 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 don t want to in your" tropical dream paradise" regretting that you ve done it. - Find a competent lawyer to represent your investment. You will get a more in depth idea if you spend more time there. Do not use the lawyer who is associated with the buyer. 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. Always find your own lawyer to manage your purchase.

In Costa Rica, the maritime zone is 200 meters from the average median high- low tide all year long. 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) . The first 50m is public property and the 150 meters from that line is restricted. Since property in Costa Rica is in high demand a good deal won t last long. Once your sure, act. Land prices are on the rise, and not showing signs of slowing down any time soon. The current owner may have second thoughts and want to renegotiate or may not want to sell. - Negotiate directly with the owner.

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. There are many middle men that light be charging you too much. 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. The best of luck in your search for your beach front property in Costa Rica! You want to make sure your getting what you paid for.

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