Nicaragua real estate development has been a hot topic over the past few years. There has been a lot of talk about the pros and cons of purchasing real estate in Nicaragua, and there is a lot of misinformation out there. No matter if you're thinking about living abroad, retiring in the sun or investing in a solid property development, you'll want to learn about the reasons real estate development in Nicaragua is booming right now.
Most people have a few questions before they feel comfortable looking for Nicaraguan real estate. The following answers to some of the most frequently asked questions about Nicaragua real estate will show you exactly how to take advantage of this huge opportunity.
Q: Why is there so much interest in Nicaragua all of a sudden?
A: There are many answers to this question, but in short, Nicaragua is a retirement destination for people all over the world due to a rapidly growing second home market, beautiful beaches and some of the most affordable lot prices in all of Central American real estate. Not only retirees are attracted to Nicaragua; surfers, sport fishers, vacationers and investors are also helping boost real estate development in Nicaragua.
Q: Is English widely spoken in Nicaragua?
A: There are seven "living languages" spoken in Nicaragua, and Spanish is the national language. That being said, many of Nicaragua's citizens speak English as well because English is taught in schools and many Nicaraguans have family in the U.S.
Q: What is a "must-see" in Nicaragua?
A: Everyone has different tastes and interests, but some of the most popular attractions are taking in the historical aspects of Granada, the oldest city in Central America at its original site, visiting Colonial Leon, shopping at the Nica Markets, and spending time at San Juan del Sur and Managua, the capital city of Nicaragua.
Q: I've heard that Nicaragua is dangerous, should I be concerned?
A: Nicaragua and Central America, in general, still suffer from the negative reputation earned in the 1970's and 1980's due to wars and other events. The truth is, Nicaragua is "open for business" and safe for tourists and investors alike.
Q: What if I want to "try before I buy?"
A: If you're thinking about relocating to or investing in Nicaragua, then you should definitely come check it out for yourself. One of the best ways to "do your homework" is to come visit for an all-inclusive weekend and get a feel for the area.
Investing In International Real Estate
In the past, the path to successfully investing overseas was fraught with pitfalls. Stories of corruption, risk and danger were often blown out of proportion, scaring away potential buyers. The country's infrastructure was also lacking a bit. Now, with newly paved roads, an increasing number of expatriates and low-cost, high-quality healthcare, all that is in the past.
Since times have changed, it's easy to get started investing in Nicaraguan real estate and now is the perfect time to invest. For more information use our contact form, or visit the General Directorate of Immigration and Foreigners.