Despite the fact that Nicaragua boasts incredible natural resources, a friendly population and absolutely breathtaking scenery, it has not always been a destination popular with real estate investors.
Only in the past few decades has the history of turmoil in the nation transformed into a bright future with plenty of incredible opportunities for prosperity and even full-time residence. To better understand the future of Nicaragua real estate development, look to the past as well as current trends to predict the future.
Nicaragua's Property Market: History and the Past
For many people, Nicaragua is best known for its revolution and troubles in the 1960s and 1970s as well as election controversy in the 1980s. While these events were certainly destabilizing to the country as a whole, they do not serve to define the character or economy of the nation.
Since the late 1980s, Nicaragua has undergone a stunning transformation, and today it is a stable and vibrant nation with incredible potential for the future.
Nicaragua's Property Market: Where It Stands Today
Today, many of the investors who choose to purchase property in Nicaragua fall into one of two groups: those who want to buy property for personal use and those who want to make a commercial or development investment. For retirees or anyone in search of a beautiful vacation home, Nicaragua offers some of the lowest property prices on the planet, making it an obvious choice.
For long-term investors, Nicaragua's low real estate prices can make it easy to turn a profit in the future. Since tourism is in full swing and branching out beyond just backpackers and surfers to include visitors with a range of budgets from across the planet, there is more and more interest in the country as a whole.
Nicaragua's Property Market: Predictions for the Future
Although the global economy dipped in 2008, things are definitely picking up in places like Nicaragua. Large government investments in infrastructure are quite literally paving the way for more visitors and more development, and increased rates of tourism encourage developers to build more apartments, condos, homes and hotels for long and short-term visitors.
Since Nicaragua also offers easy residence qualifications and a stable banking system with plenty of privacy and security, investors and retirees are opting to call Nicaragua their new home. Whether you are planning to purchase land for development or purchase a newly-built home on the beach or next to a golf course to treat as your retirement home, Nicaragua is a top choice.
When it comes to investments, there is no such thing as a sure thing. However, Nicaragua's blossoming infrastructure, banking stability and appeal to travelers from around the world definitely sets up the country for prosperity and increasing property values over time, which spurs on real estate development. Click here to learn more about trends in Nicaragua's property market.