Vacation Beach Houses In Nicaragua
The Nicaragua real estate market has been developing over the past decade and it is ready to explode in to the forefront of the foreign real estate market. Vacation homes, second homes and/or retirement homes in the beautiful country of Nicaragua are poised to be a popular buy in the coming years. With the number of people set to retire in the US, Nicaragua is going to become more and more popular.
Nicaragua is located in the heart of Central America. Historically associated with civil war, it is now associated with charming villages and beautiful beaches. Direct flights into the capital Managua are now available from a number of U.S. airports. In the past five years, the tourism industry in Nicaragua has experienced impressive double digit growth.
Nicaragua has a great natural beauty and wonderful tourism related activities. Such activities include hiking or kayaking along fresh water lakes and rivers, world class surfing and sport fishing, volcano watching, exploring historic colonial cities, relaxing on one of the gorgeous beaches, shopping in the wonderful open air local markets or visiting a coffee plantation in the lush and green northern region.
Add to the mix an incredibly friendly population and Nicaragua’s rich and fascinating cultural history and it is suddenly no surprise that Nicaraguan property has become the hot buy amongst baby boomers looking for retirement homes or vacation homes, or seeking to diversify a real estate investment portfolio. In addition to the multiple benefits of owning Nicaragua property, you may also be eligible to receive some compelling tax incentives as an investor or developer under Nicaragua Law 306.
Title insurance is also available from some of the most reputable American title insurers, such as Stewart Title and First American Title, to further ensure your sound investment. Foreigner investors are entitled to hold fee simple title to Nicaragua property in their own names which is unlike some other Latin American countries.
Because the Nicaragua real estate market still remains relatively undiscovered, compared to other tropical markets such as Costa Rica, Panama and Mexico, many great deals can be had. Ocean side villas are still affordable here. And when you consider that the cost of living in Nicaragua, including food and health care and services is a fraction of that in North America, the argument for buying Nicaraguan Real Estate becomes even more attractive.
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