A Peek Into the Nicaraguan Real Estate Market

Investing in property in Nicaragua may not be quite as profitable as it was in the past, but can still be a tremendous bargain, especially if you decide to eventually re-locate there to live. The country of Nicaragua is amazing, with its tropical climate, alluring beaches, historic colonial cities, and lofty mountains and volcanoes. Tourism is booming in the country, crime is low, and flights to and from the US are numerous.

Nicaraguan land can be considered a smart buy for many reasons. The Foreign Investment Law gives equal consideration to indigenous and foreign investors. There are unique advantages for retirees living there. Inflation is low, and the country is investing in infrastructure, including the recent upgrade and modernization of the Managua International Airport. Plus, the beauty of the country, combined with its colonial history and architecture, make it very appealing to investors.

Despite the pros, there are still some potential cons to buying Nicaraguan land or real estate. Legally, owning property in your own name is the safest bet, although allowances are made for businesses. Taxes are still paid, but primarily to the municipality in which the property is located. Many prestigious title insurance companies are now making their presence felt in Nicaragua. This, combined with relaxed limitations on finance options, is making it easier to purchase and own land in Nicaragua, but it is still not an easy procedure.

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