The Nicaragua real estate market has been percolating and it is ready to explode on to the world market. Second homes and retirement homes in Nicaragua are set to be a popular investment in the next few years. People are started to worry that retirement in the United States is unaffordable and cold.
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 Miami and Houston. In the past five years, the tourism industry in Nicaragua has experienced wonderful growth and the country’s infrastructure such as roads has seen noticeable improvement.
Nicaragua has unsurpassed natural beauty and super exciting tourism related activities. Such attractions and activities include world class surfing and sport fishing, volcano snowboarding, exploring colorful colonial cities, relaxing on one of the beautiful beaches, golf, hiking along fresh water lakes and rivers, canopy tours, bird watching, turtle watching, exploring the local markets or visiting a coffee plantation in the mountainous regions.
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.
Foreigner investors can hold clear title to Nicaragua real estate in their own names unlike some other Latin American countries. Title insurance is also available from some of the most reputable American title insurers, such as First American Title Insurance Company and Stewart Title Insurance Company, to help you avoid any sleepless nights
The Nicaragua real estate market still remains untapped, compared to some other retirement places such as Costa Rica, Belize, Florida and Mexico, and therefore many great deals can still be found. It’s only a matter of time before Nicaragua real estate becomes more expensive. Beachfront homes can still be a reasonable purchase here for the average person. Food and health care and cleaning services costs are a fraction of that in North America. The reasons to buy Nicaragua Real Estate are endless.
