Costa Rica’s Caribbean coast has become one of the country’s most attractive tourist destinations, thanks to its white-sand beaches, lush rainforests, and vibrant Afro-Caribbean culture. With the rise in tourism, the demand for vacation rentals has surged, creating a lucrative opportunity for real estate investors and developers.
Why Invest in Vacation Rentals in the Caribbean?
Costa Rica’s Caribbean coast attracts travelers seeking authentic experiences away from mass tourism. Locations like Puerto Viejo, Cahuita, and Manzanillo are ideal for vacation rentals due to:
✔ High tourist demand: International and domestic visitors look for comfortable and charming accommodations.
✔ Strong profitability: Nightly rental rates are competitive, generating steady passive income.
✔ Sustainable growth: The government and local businesses are improving infrastructure and promoting tourism.
Requirements for Developing a Residential Project in the Caribbean
If you’re considering investing in a vacation rental property development, it’s essential to comply with the following legal and urban planning requirements:
- Feasibility Study and Zoning Regulations
Verify that the land is zoned for residential or tourist use according to the local municipality’s regulatory plan (Talamanca, Limón, etc.).
Conduct environmental impact studies if the project exceeds certain size limits.
- Municipal and National Permits
Construction Permit: Submit architectural plans approved by the Federated College of Engineers and Architects (CFIA).
SETENA Approval (National Environmental Technical Secretariat) for projects affecting natural resources.
Land Use Permit issued by the local municipality.
- Basic Services and Accessibility
Ensure access to potable water, electricity, and wastewater management.
Maintain well-kept road access (a key factor for tourist appeal).
- Compliance with the Maritime-Terrestrial Zone Law (ZMT)
If the project is near the beach, it must respect the 50-meter public zone and obtain special permits if applicable.
A Future-Proof Investment in the Caribbean
The vacation rental market in Costa Rica’s Caribbean is growing steadily, offering profitability, appreciation, and diversification for investors. Developing a project here requires careful planning, but the rewards are worth it.
Interested in Investing in Caribbean Properties?
At Century 21 Caribe, we have the best selection of land, homes, and turnkey vacation rental projects.
Contact us today! We’ll help you find the perfect property for your investment.
