Many of the new property developments on Coast Rica’s beautiful “Gold Coast” are gated communities. These are an ideal choice for investment, especially if you aren’t planning on living in your property all year round.
Owning land in absentia can pose some unique issues in Costa Rica, where squatter laws give an individual some rights to land if the legitimate owner has allowed them to reside there for over a year. This doesn’t mean that you’ve given them consent to live on your land it simply means that you haven’t kicked them off. Squatters look for uninhabited land and set up residence, sometimes planting a few crops, and hope to remain undiscovered long enough to make a claim.
There are many ways to avoid this headache you can have someone local check on your property, employ a caretaker (and keep good records so that they can’t claim squatter status), or visit your property every three months. If squatters are discovered within 90 days the police are required to remove them from your property. To have them removed after a year, the legal landowner must go through a lawsuit which is an expense (and headache)...
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