Beach Vacation Homes In Nicaragua
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 Fort Lauderdale, Atlanta and Houston. In the past six or seven years, the tourism industry in Nicaragua has experienced outstanding growth and the country’s infrastructure has seen a great deal of attention and investment.
Nicaragua has a stunning natural beauty and wonderful tourism related activities. Such attractions and activities include exploring historic colonial cities, relaxing on one of the gorgeous beaches, golf, hiking or kayaking along fresh water lakes and rivers, world class surfing and sport fishing, volcano watching, canopy tours, bird and turtle watching, exploring the wonderful open air local markets or visiting a coffee plantation in the cooler mountainous regions.
Nicaragua has a wonderfully interesting history and culture and has excellent world class health care. Therefore it is no surprise that Nicaraguan property has become a popular purchase amongst baby boomers seeking to diversify a balanced real estate investment portfolio or looking for retirement homes or vacation homes. In addition to the other perks of owning Nicaragua real estate, you may also be eligible to receive some compelling tax incentives as an investor or developer under Nicaragua Law 306. Law 306 allows a purchaser certain attractive tax incentives for a period of10 years.
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 remains relatively undiscovered, as compared to other Latin American markets such as Costa Rica and Mexico, many exciting and very affordable opportunities still exist. There are a number of opportunities to purchase complete turnkey vacations homes for less than 150,000.00US. And when you consider that the cost of living in Nicaragua is roughly 50% less than the cost of living in North America, the case for shopping for vacation homes in Nicaragua, and buying Nicaraguan Real Estate becomes even more compelling.