Nicaragua’s president, Daniel Ortega, has made repeated calls for Costa Rica’s Guanacaste Province to be returned and is now intimating that he may ask the International Court of Justice to intervene. Costa Rica is unlikely to give up the land without a fight, however, as it is one of the country’s most prosperous provinces. Its beaches and resorts attract wealthy buyers and tourists alike. Costa Rican officials have already answered Ortega’s threat, saying the treaty of 1824 settled the matter and that there will be no more talk about it. For more on this continue reading the following article from Global Property Guide.
Nicaragua may ask the International Court of Justice to “restore” Guanacaste from Costa Rica, a province “Nicaragua lost to Costa Rica’s expansionist politics back in 1824,” President Daniel Ortega has twice warned.
Guanacaste is one of Costa Rica’s most prosperous provinces, with tourism and real estate driving growth. It has spectacular resorts and mansions, like Mel Gibson’s 500-acre Playa Barrigona, and the Riu resorts which Canadians favor. Guanacaste also has a thriving aerospace and science industry powered by research at EARTH University, and engineering at the Ad Astra Rocket Company in Liberia. Six new major hotels are scheduled to open between late 2013 and early 2014.
Claim up to $26,000 per W2 Employee
- Billions of dollars in funding available
- Funds are available to U.S. Businesses NOW
- This is not a loan. These tax credits do not need to be repaid
Ortega’s threats added to the already strained relationship between the two Latin American neighbors. However, Costa Rica’s Foreign Vice Minister Gioconda Úbeda told media that "as it [jurisdiction over Guanacaste] was solved over a century and a half ago, in the border treaty…. We will not discuss it, but if he [Ortega] decides to take it to the ICJ jurisdiction, as he’s getting used to, he will have to comply with international law procedures. That’s the way an unarmed nation like Costa Rica solve disputes."
While this may have entirely nothing to do with the Nicaraguan claim, Mel Gibson is now selling his Costa Rican property for US$29.75 million. The actor originally bought the property for US$ 24 million in 2007 during the filming of “Apocalypto.”
This article was republished with permission from Global Property Guide.