Surveillance of Property and Assets

Starting May 1st, the National Registry of Costa Rica will offer a property alert service which will give owners greater control of their assets.

Thursday, April 26, 2012

The service is called Alert Registry and will be available to owners of personal property (vehicles) and real estate (land). The annual fee to receive notices is $15 per year (7700 ¢) for each of the properties you want to put under surveillance.

"In this way, we will prevent more people losing lands through fraudulent mortgages or sales, a crime that they may learn about possibly months or even years later," reports Nacion.com.

At present, the only gateway to the service is the registry web page on the National Registery site (www.rnpdigital.com).

Osvaldo Henderson, Deputy Fraud Prosecutor, recognized that although these measures will not stop the crime, they will contribute towards preventing it.



More on this topic

Nicaragua: Legislation on Property Ownership Unified

March 2017

A new law passed by the Assembly compiles all regulations concerning foreign and local investment in real estate, in order to provide legal certainty to investors.

From a statement from the National Assembly of Nicaragua:

The National Assembly has unanimously adopted in its entirety, this March 9, the Law on Nicaraguan Legal Digest of Property Matters, which will guarantee legal certainty to Nicaraguans and foreigners wishing to invest in the country, said Deputy Edwin Castro, Vice President of the Commission of Justice and Legal Affairs.

The Luxury Housing Market in Panama

October 2011

The crisis in Europe, North America and Venezuela is dampening the dynamism in the real estate sector whose sales depend heavily on these markets.

In the first six months of 2011, of the total amount of real estate transactions only 2% related to the sale of luxury real estate projects.

Real Estate Scams Increase in Guatemala

November 2010

The number of reported frauds when purchasing properties increased from 101 in 2007 to 251 in 2009.

Among the various forms of cheating, the most common is the legal form called "material and ideological falsehood," which occurs by performing a public document partially or completely false. In these operations attorneys as well as civilians participate.

Possession Rights and Property Titles in Panama's Coastline

October 2009

Owners holding possession rights for coastal lands and islands in Panama would be forced to get titles for them.

Panama's National Assembly recently passed a first version of Law 71, which would force titling all coastal and island properties acquired through possession rights.

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