By: Garland M. Baker B.
Exclusive to A.M. Costa Rica
Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live! Costa Rica has one of the best legal structures in Central America. There are rules to protect the rights of the people in almost all areas. However, these laws because of their comprehensiveness end up protecting the crooks, too.
One subject of special interest to investors and purchasers of property is the Maritime-Terrestrial Zone. In the last five years, land close to the ocean has increased in value astronomically, giving those in the fraud business more bait for their hooks.
The law of the Maritime-Terrestrial Zone was published in 1977, and the zone is composed of the first 200 meters starting from the high tide line. The zone is divided into two areas: