Managua is the largest city in Nicaragua as well as its capital. Unlike other international cities, however, its modernity hasn't taken away from its attractive natural surroundings or made it too crowded for those who just want to settle down. The area is home to some great real estate opportunities, and as such, investors and retirees from all over the world come here to find their dream Nicaraguan property.
A Mixture of the Old and New
Managua has a millennia-old history of inhabitation. The area is inundated with archaeological finds, but it's also home to modern, well-planned infrastructures that make it the perfect place to live for millions.
After a series of large earthquakes in the 1970s and political upheavals a few years later, many areas of Managua were rebuilt starting in the 1990s. As a result, many of the residential and commercial buildings that visitors encounter are extremely modernized. Today's environmental concerns, however, are drawing some people away from the newer developments on the outskirts of the city towards the older central districts and downtown.
Enjoying Extremely Varied Local Geography
One unique feature of Managua's layout that makes Nicaragua property there highly sought after is the presence of bodies of water. There are four small lagoons within city limits, some of which date back thousands of years to when they were originally formed by volcanoes like nearby Momotombo. One, Tiscapa Lagoon Natural Reserve, is a protected area full of unique wildlife that is nonetheless lined by shops, eateries and classic Managuan buildings. The city is also located right on the shore of Lake Managua, which has undergone massive cleanup efforts in recent years.
Room for Future Expansion
Its combination of existing developments, beautiful scenic landscapes and increased investment in preserving natural resources makes Nicaragua a great place to invest in property. After the President of NicaraguaÂ declared that the country would use tourism to fight poverty, the industry boomed, eventually becoming the second largest field in the country.
In addition to the Caribbean and Pacific coastal Nicaraguan attractions that are famous the world over, rural and eco-tourism are extremely popular due to the wide range of cultural institutions and the fact that one-fifth of the country consists of protected areas. All together, these factors mean that those who buy properties here continually enjoy high returns on their investments.