Money Saving Tips :: Costa Rican Properties
Costa Rican Properties: Properties and Investment Opportunities in Costa Rica
Costa Rican properties represent some of the world's best investment real estate opportunities. With low taxes and limited foreign ownership restrictions, Costa Rica has opened itself up to incredible development and foreign attraction.
If you're considering purchasing vacation property or a home in Costa Rica, keep reading for more information on hot areas, foreign ownership laws and local beachfront restrictions.
Hot Areas and Investment Regions in Costa Rica
Some of the most popular Costa Rican properties and condo developments are located in Tamarindo, Langosta and Jaco.
Tamarindo is on the northern Pacific coast of the country and offers some of the best surfing in the world. The Tamarindo area is serviced daily with multiple flights from San Jose airport. Alternatively, residents can expect a 5 to 6 hour drive from San Jose, depending on local traffic.
Langosta is a smaller center a few miles to the south of Tamrindo and offering a small-town feel with less tourist activity and beautiful beaches.
Meanwhile, Jaco is a mere 1.5 hour's drive from San Jose airport and a fantastic vacation property location for those looking for a quick commute to their paradise. With it's great surf, active nightlife and close proximity to the incredible Carara National Park, Jaco is growing quickly and offering some of the best investment opportunities in available Costa Rican properties.
Foreign Ownership in Costa Rica
In Costa Rica, foreigners are protected under private ownership laws, nor do they require any special conditions or visas to purchase land in Costa Rica. In fact, this foreigner-friendly environment has made Costa Rica the fourth best country in the world for foreign property investment.
Another bonus of owning Costa Rican properties is that there are no Capital Gains Taxes in Costa Rica, that means any profits you make on the sale of your land or property is tax free!
Terrestrial Maritime Zone Restrictions
Despite the lax laws governing Costa Rican properties, there are restrictions placed on beach front properties. Basically, all of Costa Rica's coastline is considered public land and the first 50 meters above the high tide mark is considered public. That means, no one can create a private beach.
Then, on approximately 80 percent of Costa Rican properties, the next 150 meters past the tide line is a government owned lease, providing an additional amount of public beach access. This 150-meter section is what is called the Terrestrial Maritime Zone. To own the right to that lease, a purchaser must prove at least 5 years of residency in Costa Rica.
All Articles for Home Property Tips
Learn great tips about how to market and sell your house with
Sell Your Home Yourself
Order Online
24 Hours a Day
7 Days a Week
365 Days a Year!
Copyright 2008
HomePropertyTips.com :: Costa Rican Properties