Recent International Press Regarding Nicaragua
LA Times -
Nicaragua, the new Beachfront Frontier
San Juan del Sur, Nicaragua
WHAT second-home buyers yearn for in Central America is Costa Rica before the building boom. They want ocean views and unspoiled land, without the steep prices, crime and American fast-food chains. They want Panama before Donald Trump.
Forbes - Retirement Realty Fiesta
We recently found that 30% of our roughly 30,000 clients who invest in real estate through self-directed IRAs were interested in investing in offshore real estate when they retire. While that might seem like a surprisingly high percentage, longtime real estate investors have been seeing the proverbial writing on the wall for some time.
Mens Journal - Score the Last Beach Bargain in Nicaragua
Chris and Steve Battjer first visited Nicaragua in May 2003 and fell in love with the white-sand Iguana Beach an hour north of San Juan del Sur, on the country's Pacific coast. After a little more then a year of saving, the brothers bought a two-bedroom condo there. Prices had nearly quintupled, but they were able to land a great spot on the beach for less then $200,000.
New York Times - The Rediscovery of Nicaragua
This is Nicaragua as the Next Costa Rica, the sort of hopeful real estate appellation signaling that gentrification may now begin in earnest. In the last few years, as Americans on the prowl for second homes, or just an investment, have found places like the Last Costa Rica already overrun by their own kind, a boom has started in the country just to its north.
Daniel Ortega: The First 180 Days (and Where Does He Go From Here?)
The always fascinating history of Nicaragua reached an important milestone in 2005. For the first time ever, tourism outpaced coffee as the country’s leading source of revenue. This happened again in 2006, when some 773,000 visitors spent nearly $240 million here, up from $183 million the year before. Business leaders and government officials are predicting continued tourism growth, meaning that it’s not too late to invest in one of the most beautiful—and affordable—countries in Central America.
Washington Post - Surfers and turtles ride the waves on Nicaragua's coast
Fourteen years ago, on my first trip to Costa Rica, I agreed to check out some land a Canadian expat was selling. Zancudo Peninsula. One lot back from a rustic beach. Lush hills. Thirty grand -- or, about $29,500 more than I had. I excused myself to catch some waves, and ever since have tried very hard not to dwell on how much that parcel must have appreciated.
Washington Post - Nicaragua's Turf Beside the Surf
Fourteen years ago, on my first trip to Costa Rica, I agreed to check out some land a Canadian expat was selling. Zancudo Peninsula. One lot back from a rustic beach. Lush hills. Thirty grand -- or, about $29,500 more than I had. I excused myself to catch some waves, and ever since have tried very hard not to dwell on how much that parcel must have appreciated.
While some still associate Nicaragua with the turmoil of the 1980's, many are quickly realizing how much this dramatic and beautiful country has changed and now has to offer. Nicaragua has opened its doors to foreign investment with some of the most progressive tax incentives in Central America, and now ranks as the second safest country in the Western Hemisphere (second only to Canada).
Tourist based businesses, now classified under the tax incentive Law 306, can operate tax-free, exempt from income taxes, property taxes, and importation taxes, for up to 10 years. Ex-Patriot retirees are also invited to enjoy similar tax incentives when they make the decision to move to their dream home in the tropics! With all of these incentives, it is no wonder that Nicaragua was recently ranked in the Top 5 Foreign US retirement destinations, and is gaining so much prestige with baby boomers desperately seeking an affordable and safe place to retire. Couple this with the fact that the World Bank named Nicaragua as "the most pro-business atmosphere in Central America", and you start to see why now is the time to get in on Central America's next real estate hot spot!
Nicaragua, with it's expansive lakes, tropical cloud forests, quaint colonial cities, and sunny beach towns, is the least densely populated country in Central America (meaning more untouched, desolate, white sand beaches, and perfect surf breaks all to yourself), and also offers some of the strongest land laws in the region. Properties, including beach front, can be purchased 'fee-simple', with no differentiation between the property rights of that of foreigners versus locals (unlike other Central American destinations such as Mexico). We are also one of the few countries not to recognize squatter's rights, unlike many of our nearby neighbors, such as Costa Rica.
The Las Salinas region was recently rated within the Top 5 Surf Spots in the World. With offshore breezes some 320 days a year, consistent swells year round -- all within just a 2 hour flight from Miami, it is no wonder why Nicaragua is often referred to as "the next Costa Rica". With property prices at only 30% of those of our neighbor to the south, Nicaragua real estate still screams "Groundfloor opportunity!!". If you missed out on Panama, and Costa Rica, do not miss out on the opportunity that awaits you here in Nicaragua -- Where owning that Villa by the Sea, or Colonial fixer upper can still be an affordable dream! ....Let us help you make that dream a reality!! After all, Outstanding Agents heed Outstanding Results.
RE/MAX prides itself in being the only real estate agency in the country that pays out of pocket to have all titles checked prior to listing in order to guarantee clean and clear title, free of any leans or encumbrances. All listings are able to obtain, if desired, a policy with First American Title Insurance, so as to ensure a safe, secure and hassle free transaction.
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