Real Estate Facts for Nicaragua

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 decide to eventually move there to live. The country of Nicaragua is beautiful, with its tropical climate, inviting beaches, historic colonial cities, and towering mountains and volcanoes. Tourism is alive and well in the country, crime is low, and flights to and from the US are numerous.

Nicaraguan real estate can be considered a wise buy for many reasons. The Foreign Investment Law gives equal footing to indigenous 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 benefits, 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 considerations are made for businesses. Taxes are still paid, but primarily to the municipality in which the land is located. Many prestigious title insurance companies are now making their presence felt in the country. 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 process.

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