Nicaragua has some of the most amazing scenery in the world. The majestic volcanoes, pristine lakes and diverse wildlife has made this paradise country a popular vacation destination. But, if a short visit is not enough time for you to enjoy everything this fabulous country has to offer, why not consider investing in Nicaragua real estate?
When you own your own little piece of paradise, you can visit as often as you want and stay as long as you like, without incurring any additional costs. Compared to other similar properties, real estate in Nicaragua is still very affordable. In fact, properties just across the border, in Costa Rica, on the same body of water and with the same glorious beaches, cost more than double.
As an emerging tourist destination, Nicaragua has plenty of business opportunities. Whether you want to start a hospitality business or a retail store, your opportunities are practically endless. As more and more people flock to this affordable and fascinating country, more and more businesses are needed to accommodate this ever growing number of visitors.
For less than US$100,000, you can buy a quaint Colonial home that can easily be converted into a state-of-the-art Bed and Breakfast, or hotel. Visitors always need a place to stay. Even if you don’t plan to relocate to Nicaragua, this type of investment is guaranteed to pay off within just a few years. All you need is a reliable management staff, and you can rest easy knowing your investment will grow without any hard work on your part.
Another great way to invest in real estate is by “flipping” homes. If running a hotel seems like too much of a hassle, simply resell your quaint Colonial home after the renovations are complete. Many people have received good returns on their investment in this way within only a few months.
Buying Development Land
There is a lot of available beachfront land in Nicaragua. These areas are set to see strong demand over the upcoming years and prices will rise, and quickly. Where else can you buy beachfront properties at affordable prices? Even if you just sit on the land until the price goes up, you will make a profit. But, if you develop the land into vacation hot spots or family communities, you may begin to see a return on your investment almost immediately.
As a foreign investor, you should make sure you know the legal issues involved in purchasing real estate in Nicaragua before you start looking for properties. Your best move would be to find a local, experienced real estate lawyer, preferably one that has helped other foreign investors. He will be able to help with your purchase, and maybe even help you find the best developer or construction company for your project.
For more information on relocating or investing in Nicaragua, please do not hesitate to contact us. Our experienced team, are happy to answer all your Nicaragua questions: