Why Nicaragua?" you may ask. The answer is simple: there is tremendous growth opportunity and the country's vast and unexplored natural resources and beautiful stretch of coastlines, which has been compared to that of California in its infancy, are reasons enough to make Nicaragua real estate a feasible and profitable investment option. Nicaragua has been the target of misconceptions. Affected, still, by its past history of violence and civil wars, tourists are still cautious of this country. However, with a democratic government set-up and a President in office for more than 15 years, Nicaragua is a country with political stability and on the fast track to growth! Poised as one of the hottest countries across the globe in real estate investment for foreigners, Nicaragua is showing signs of this with steadily increasing real estate prices. The situation in Nicaragua is similar to that of Belize and Costa Rica around the late 80's when these property markets exploded due to momentum buying. Beautiful Coastlines and Urbanization Sharing borders with Costa Rica and Honduras, Nicaragua's coastal line extends into both the Pacific Ocean and the Caribbean Sea. The country is stunning, full of natural beauty, lots of sunshine, mountains, many rivers, and lakes of all sizes, agrarian farmlands, and quaint and tranquil inland towns. Moreover, the people of Nicaragua, referred to as 'Nicas', are warm, friendly, helpful, and have gusto for life. Nevertheless, the ravages of time and echoes of civil war still resound in the many towns of this country while, it's not sparing any effort to improve its infrastructure and is on the road to recovery and we hope that this calm is indication of good things to happen especially for Nicaragua real estate market. Cities such as Granada, capital Managua and San Juan del Sur are on the fast track for infrastructure development. After opening their doors to globalization, the cities have developed an urban chic character and a skyline that is extending northwards. Hotels, shopping malls and other entertainment centers have sprung up. Huge construction cranes are now a regular sight and are symbolic of the billions of dollars being spent on improving the country's infrastructure. Recently, Nicaragua announced plans to construct their own canal that would include the San Juan River and the Lake Nicaragua. However, not much can be based on this announcement alone. Tourism and Real Estate The tourism sector has also seen a spike in activity. Cruise ships docked at the San Juan del Sur port are a regular feature. Additionally, the Managua Airport has experienced major expansion that has brought much relief and gone done well with investors who have invested in Nicaragua real estate. Also, the US News & World Report ranked Nicaragua as one of the ten best places to retire in a recently concluded survey. The Conde Nast Traveler magazine also featured Nicaragua in the March 2005 issue. They suggested that the Nicaragua real estate market is the next logical choice for adventure seekers in Central America since Costa Rica has become crowded and Panama is expensive, this country becomes the obvious choice. With advantages such as low tax rate, low cost of living, incentives to start business, and liberal import policies, Nicaragua is the place to invest, live, vacation or retire to, outside your own country!
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