IMMO REALTY COSTA RICA

titled beach front property

Beach front property in most cases is a concession, an exception is Puntarenas where beach front property can be titled.The government gives a private party the right to use the land for a specific period of time. In general terms, the concession may be considered as a lease. The concessions registration system is different than the one for regular land, and has particular requirements regarding zoning, terms, occupation, etc.

The Maritime Zone, 200 meters along the shoreline, is state-owned. The Public Zone, 50 m. from the shore, is protected from any development. Private persons can acquire property in the Restricted Zone by applying to the Municipality, but in the Restricted Zone, leases cannot be granted to foreigners with less than 5 years of residency in Costa Rica. A company whose shares are less than 50% held by foreigners can be granted a concession.