A Peek Into the Nicaraguan Real Estate Market

Investing in land in Nicaragua may not be quite as lucrative as it used to be, but can still be a huge bargain, especially if you plan to eventually re-locate there to live. The country of Nicaragua is beautiful, with its tropical climate, welcoming beaches, historic colonial cities, and towering mountains and volcanoes. Tourism is booming in the country, crime is low, and flights to and from the US are frequent.

Nicaraguan real estate can be considered a good buy for many reasons. The Foreign Investment Law gives equal consideration to domestic and foreign investors. There are unique advantages for retirees living there. Inflation is low, and the nation is investing in infrastructure, including the recent upgrade and modernization of the Managua International Airport. Plus, the splendor of the nation, combined with its colonial history and architecture, make it very attractive 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 best bet, although allowances are made for businesses. Taxes are still paid, but primarily to the municipality in which the land is located. Many well-known title insurance companies are now making their presence felt in the country. This, combined with easing limitations on finance options, is making it simpler to buy and own land in Nicaragua, but it is still not an easy procedure.

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