Maritime Law and Costa Rica Oceanfront Real Estate

Dinners on the beach, long strolls by the shoreline, and the gentle sounds of the waves crashing in. What better reason could there be to want Costa Rica oceanfront real estate. In fact, it is for this reason alone that many people who visit Costa Rica as tourists quickly decide to return and purchase their own slice of heaven, in this case the object of which is Costa Rica oceanfront real estate. Add in the fact that unlike in other countries, the Costa Rica real estate market is actually growing and producing returns, and you may be jumping to purchase your own Costa Rica oceanfront real estate.

However, unfortunately there is one thing that stands between you and a Costa Rica oceanfront real estate investment, the Maritime law. Under this law, you are not able to purchase or lease land that is within 50 meters of the shoreline, and the next 150 feet is owned by the municipal government. While this may put a damper on your plans to live on a slice of Costa Rica oceanfront real estate, there are ways around it if you hire the right lawyer and have time and funds.

One of the first things you will have to know is that people whose family owned the land before the maritime law was passed still hold the ownership of these Costa Rica oceanfront real estate properties, and can potentially sell it to you. Keep in mind however, that they know the worth of the Costa Rica oceanfront real estate properties, and the likely hood is that they are not going to sell cheap. Plus, under the law of the Costa Rican government, you cannot purchase this land if you have not been a Costa Rican resident for less than five years. Therefore, you may have to consider finding a silent partner to help aid you in your purchase of Costa Rica oceanfront real estate.