Vacation Homes in Nicaragua are poised to be the hot buy of 2009. The Nicaragua real estate market has been maturing over the past decade and it is ready to explode. Baby boomers are getting set to retire and they have just started to discover Nicaragua.
Nicaragua is located in Central America where it is hugged by both the Pacific and Atlantic Oceans. Historically associated with unrest, it is now associated with colorful villages, great surfing and beautiful beaches. Direct flights into Managua are available from a number of U.S. cities such as Fort Lauderdale, Atlanta and Houston. In the past six or seven years, the tourism industry in Nicaragua has experienced outstanding growth and the country’s infrastructure has seen a great deal of attention and investment.
Nicaragua has a great natural beauty and wonderful tourism related activities. Such activities include hiking or kayaking along fresh water lakes and rivers, world class surfing and sport fishing, volcano watching, exploring historic colonial cities, relaxing on one of the gorgeous beaches, shopping in the wonderful open air local markets or visiting a coffee plantation in the lush and green northern region.
Nicaragua has a fascinating cultural history and customs and boasts excellent world class hospitals. It is only logical that Nicaraguan real estate has become the hot buy amongst those looking for an affordable place to retire. As an investor you may also be eligible to receive some compelling tax incentives under Nicaragua Law 306. Law 306 allows an investor or developer tax incentives for 10 years.
Title insurance is also available from some of the most reputable American title insurers, such as Stewart Title and First American Title, to further ensure your sound investment. Foreigner investors are entitled to hold fee simple title to Nicaragua property in their own names which is unlike some other Latin American countries.
Because the Nicaragua real estate market remains relatively undiscovered, as compared to other Latin American markets such as Costa Rica and Mexico, many exciting and very affordable opportunities still exist. There are a number of opportunities to purchase complete turnkey vacations homes for less than 150,000.00US. And when you consider that the cost of living in Nicaragua is roughly 50% less than the cost of living in North America, the case for shopping for vacation homes in Nicaragua, and buying Nicaraguan Real Estate becomes even more compelling.
Keep reading about realty in Nicaragua at realtor in nicaragua.
Comments on this entry are closed.