The company serves more than three hours of coastline across Guanacaste’s North Pacific, including markets such as Papagayo, Playas del Coco, Playa Hermosa, Playa Ocotal, Playa Flamingo, Playa Conchal, Tamarindo, Hacienda Pinilla, Playa Negra, and Nosara.
Concession property is essentially the right to use and enjoy, for a specific time period (usually, 20 years), any property located within the public Maritime Zone. Essentially, concession property is a lease. As mentioned above, Costa Rican law dictates that all oceanfront (50 meters inland, as measured from high tide) is public land; land from 50 to 150 meters inland (200 meters, in total), as measured from high tide, is concession property.
There are some exceptions – and, yes, titled beachfront property occasionally becomes available – but they’re too many to get into here. So, we’ll finish by saying that foreigners have full and equal ownership rights to titled property and most concession property. The only caveat is for concession property held in a corporation: Foreigners may not own more than 50% of the shares in that corporation.
This is a big (and important) topic, we know. So, if you have additional questions about titled or concession property, please get in touch.