We’ve been living and working in Nicaragua for over a decade. We’ve run dozens of tours and met hundreds of people who have purchased real estate in the country.
In that time we’ve found that different people respond in different ways to what Nicaragua offers and use different language to explain the reasons why they have invested here.
Some make the decision to buy based on hard logic and a calculator, while others connect with the country on an emotional level. Some clients pick out one reason and tell us, “Yes that’s what I really want,” while others build a broader investment case. Some have deeply personal stories that drive them to seek out something new; others buy for more objective reasons.
But despite all the different personalities and backstories, over the years we’ve noticed the same set of reasons and the same underlying concepts appear again and again.
So we thought we’d take stock and collate them together, into an easily digestible, bullet point form.
15 Reasons Why Real Estate Investors Buy In Nicaragua:
- The cost of real estate is lower. Real estate in Nicaragua is cheaper than in Costa Rica, Panama or Belize. The low global awareness of the opportunities in Nicaragua is the main factor keeping prices low (for now).
- The cost of living is lower. In fact it’s downright cheap.
- The weather is better. There’s plenty of beautiful sunshine year round in Nicaragua.
- Nicaragua has astonishing natural beauty. The country has some of the best beaches in the region (with some of the finest surf breaks), the oldest colonial town in the Americas, the largest lake in Central America, a set of towering volcanoes and a dramatic geography.
- Retirees and foreign residents are welcome. Nicaragua is attracting foreign retirees in growing numbers. Every update to the retirement package increases the benefits and improves the incentives for foreign retirees.
- It’s close. Nicaragua is very accessible from North America. The flight from Miami, for example, is around 2.5 hours. From Houston it’s 3 hours. Nicaragua has the same time zone as Denver (MDT) and is just 1 hour ahead of Los Angeles (PDT), making it easy to stay connected to loved ones from home or work remotely.
- Health care is excellent and affordable. World standard healthcare is available at Hospital Metropolitano Vivian Pellas, something that’s not going unnoticed in the Medical Tourism sector.
- Foreigners can buy and sell property. The Nicaraguan legal system protects the rights of foreign property owners. Foreigners can own fee simple titled property and run businesses without restrictions.
- The economy is growing. In the past few years it’s been growing faster than the Latin America average.
- Tourism is on the up. A non-existent industry not long ago, tourism is now the country’s top earner.
- Niche business opportunities abound. Many investors have started business to fund their life here. Some are taking advantage of incentive laws, which grant up to 10-year tax holidays for tourism-related businesses.
- The country has “heart”. What defines Nicaragua for many investors is its people. There is a saying that every citizen in Nicaragua is either a poet or a writer. It’s the passion for life and the welcoming spirit of her citizens that captures the heart of many.
- It offers an escape. Expats relocate here to escape the drudgery of a 9-to-5 world, control their time, develop their passions, indulge their hobbies and ultimately, reinvent their lives.
- The country is on the move. This trend is well underway particularly in San Juan del Sur. Bars, restaurants, gyms, spas and galleries are springing up all around. We try and keep up with all of them – sign up for updates here.
- The expat population is growing. Come to the country and you’ll notice a diverse, energetic, adventurous community packed with personalities you would never find at home.
Taken together, these reasons define the “Nicaragua Advantage” that buyers have noticed… and acted upon.
Does all of this mean that you’ll find what you are looking for in Nicaragua?
Unfortunately we can’t answer that for you.
The only way to know for sure is to come to Nicaragua and see for yourself. The answer will be something you’ll feel in your gut (or, maybe those numbers on your spreadsheets will make it obvious).
P.S. If you’re serious about understanding opportunities for profit and lifestyle in Nicaragua, sign up for our Free Insider Tips For Real Estate Investors Series. You’ll receive additional articles and valuable information about buying strategies, the best locations and neighborhoods in Nicaragua, plus tips on negotiation, real estate legal issues and the property buying process. Learn more about it and sign up here.