If you are considering investing in Costa Rica real estate, you will need to become very educated on the intricacies of Costa Rica real estate investment laws. Like every country, there are many Costa Rica real estate investment laws that are tricky to maneuver and can be the difference between successfully purchasing Costa Rica real estate or losing your money. In addition, maritime law and general law regarding where a foreign investor can own land. Rules can get hazy depending on current residency laws in effect at the time of purchasing your Costa Rica estate investment, so you will need to know how to understand these tricky laws.
Here is an example of Costa Rica realestate law that is hazy, one dominent Costa Rica real estate investment laws is called the Maritime law. According to Costa Rica Maritime law, the land that is 55 feet from the shoreline cannot be owned or sold, unless it is owned by a family that has held the property since the Maritime days. Now, of course the coastal areas are the most prime Costa Rica real estate investment areas since most people want to live on the beach and the beach areas attract the most tourists where you can rent out your Costa Rica condo to earn rental revenue. Therefore, it would be in your best interest to learn the law and how to legally maneuver around it with the help of a Costa Rican real estate lawyer and a knowledgeable real estate broker Costa Rica.
If you are able to get past this first hurdle in the above example of Costa Rica estate investment law and able to purchase the property, you can only hold 49% of the Costa Rica land as a foreign investor. Thus you need a Costa Rican lawyer or someone you can trust to hold the other 55% in their name. Many people who want to make a large Costa Rica estate investment choose to partner with Costa Rica investment firms so they can bypass the law with the natural investment laws. This can get tricky as well as you can enter many different agreements, so your best bet is to thoroughly study Costa Rica estate investment laws before you proceed. Coldwell Banker Jaco will help you understand these laws and suggest a competant lawyer that they have worked with in the past. Coldwell Banker Jaco interests are your interests, since they know that a successful transaction is the best form of marketing and networking. As a result, most of Coldwell Banker Jaco Costa Rica clients have been referred to by past clients.
If you are interested in learning how to purchase a Costa Rica condominium or Costa Rica beach home for your own enjoyment and/or to earn rental revenue, please call Coldwell Banker Jaco Costa Rica’s broker owner Lisle Head at 866-403-1345. Lisle can discuss your options that are the right for you, not him. Coldwell Banker Jaco prides itself on its integrity and its track record of success. Take a look at their Costa Rica Real Estate Testimonials section, and read how other satisfied clients feel about them.
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