Attorney General's office says the restrictions violate Constitutional rights of property owners and could lead to illegal search n seizure by government. The move by the attorney general shows momentum shifting to property owners rights above anything else.
One of the greatest concerns of foreigners purchasing real estate in a foreign country is to ensure that the transaction will be executed legally and that the system can ensure a lifetime of enjoyment of the property. The Costa Rican legal system, if followed correctly, does give ample protection to investors, but if the transaction is not executed properly, loss can and does occur. To guarantee the security of any real estate investment, there are three things that should be present in any real estate transaction.
1. Once a buyer has seen a property of interest , the next step is to understand what the process of acquiring the property may entail . The following are the basic steps that a purchaser follows when buying a property.
1. Transfer taxes, stamps and other charges: In order to record the transfer of the property, the government charges 1.5% of the purchase price . An additional 1% is charged for other stamps at the Public Registry.
Someone I recently met that moved to PV this year told me that Lakeway was just like Point Venture 40 years ago. Easy living, vacation destination, golf club, boating and fun all year long. Long time PV residents know that Point Venture was born as a Yacht Club back in 1969, much like Lakeway was back in those days and continues to be today. He said after living here 5 months, there's "not a single complaint" about living here and that's why he loves it, reminds him of the old Lakeway.