Set between Honduras and Costa Rica in the charm bracelet of Central America, this surprisingly vibrant and diverse country is the latest contender for North American retiree investment. As more and more Fortune 500 companies choose to build in Nicaragua, infrastructure is growing by leaps and bounds, and the standard of living is rising for natives and newcomers alike. There may never have been a better time to invest in ex-pat real estate.
What is the Greatest Benefit of Retiring in Nicaragua?
Simply put, lower costs. When compared to North American standards, costs for food, gas, medical care, home improvements, and recreation are significantly lower in Central America. A private pool and a beachfront home are still real possibilities in Nicaragua, even with a middle-class income.
About a Typical Nicaraguan Retirement Community
The best places for retiree investment can be found on the Pacific coast, along curving peninsulas with sunset views.
Some of these communities, such as Gran Pacifica, follow the New Urbanism school of thought, which seeks to restore local shopping and close neighborhood ties in place of driving, big-box stores, and the impersonal atmosphere too common at home. These communities feature a mix of housing, from large, imposing homes to condominiums and attached casitas, adjacent to walking and hiking trails, beach access, on-site golf courses, and a variety of lots for sale.
Amenities & Infrastructure
Much as retiring abroad appeals to many North Americans, they would still like to make sure that vital services, such as electricity, internet access, clean water, and telephone service will be available in their new home. At the best communities, these amenities have been thought out and built into the complex. In addition to such basics as sidewalks, street lighting, and paved streets, buyers and renters at high-end properties are guaranteed hot showers with good water pressure, unobtrusive but dependable electric connections, high-speed wireless internet, American-style cable TV, and inexpensive phone calls locally and to the States.
Even active, healthy retirees need to consider future medical needs. In Nicaragua, the quality and quantity of expert medical care has gone from being the country’s best-kept secret to an open acknowledgement of excellence, rivaling or even outperforming the best North American facilities. From acute care to plastic surgery, from dentistry to opthamology, Nicaraguan doctors and hospitals provide every test, treatment, and follow-up available at home, at a far lower cost. Gran Pacifica, for example, is proud to recommend no less than three gleaming, modern local hospitals to its investors.
Learn More & Come Visit
If retiring in Nicaragua sounds like the way you’d like to live, the first step would be to get a copy of the “Nicaragua Handbook,” available from granpacifica.com. This colorful pamphlet explains the nuts and bolts of foreign land ownership, rentals and rental management, and other must-know facts.
Many prospective buyers choose to fly down for a short spell such as the “Chill Weekend” offered by Gran Pacifica found here: http://www.granpacifica.com/chill-weekend.html. This is an informal process of getting to know future neighbors and learning about the lots or homes available for sale. There will be plenty of time to golf, swim, shop, or simply contemplate the peace and quiet, without sales pressure or annoying presentations.
Retiring in Latin America has come to make more and more sense for North Americans, on both a financial and lifestyle basis. Of the many options out there, Nicaragua may be one of the best.