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 Nicaragua. Some of the smartest investors I know have recently bought real estate in Nicaragua. Those seeking to double or triple their money in offshore real estate look to nations that are recovering from years of mismanagement. Places with excellent real estate and rock bottom prices. Nicaragua fits neatly inside that category. As my friend Doug Casey always says, ‘wait until they run the tires off the car before you buy into a nation, that's when it´s time to buy.´ It´s time to buy. (Doug owns real estate in Nicaragua.)
The Nicaragua Report written by Christopher Howard is a seventy-five page report on everything you'll need to know about moving to Nicaragua. As stated, Nicaragua currently has an excellent real estate market and has much lower prices than Panama. In addition to low prices, it also has some excellent real estate, pristine beaches, ranches, colonial buildings and numerous islands that are for sale at bargain basement prices. The Nicaragua Report covers everything you want to know; investing, residency, entertainment, real estate, travel, medical facilities, business opportunities, meeting people, history, future prospects, tour information and much more. It is an excellent report and is priced at only $20.
Nicaragua is a country unlike any other. Its simplicity of character, yesteryear charm and colonial cities are strong and persistent invitations to linger. The urge to remain in Nicaragua can become obsessive. I am constantly renovating 200 year old buildings in my head every time I walk the streets of Granada. Granada has cafes where expatriates gather and sidewalks filled with European backpackers. It is a remembrance of finer things, a slower more protein world and no one can look at it without a sense of physical connection.
Real estate in Nicaragua can be a amazing bargain. As I write this I see in the EscapeArtist Real Estate Marketplace listings for:
- a small island with a house, fruit and coconut trees, ten minutes from Granada priced at $70,000,
- a 1,210 acre coffee farm with 120,000 coffee trees, 660 acres of hardwood trees, a hacienda, a lagoon and some waterfalls. The price is $349,690 Negotiable.
- Compare the above with a 927 sq. ft condo in Miami for $257,000.
"Land prices (in Nicaragua) are ridiculously inexpensive."
February 2002 issue of Conde Nast Traveler. |
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 The Caribbean Property List website shows a 274 acre working cattle ranch for $270,000 - and some quarter-acre building lots on Lake Apoyo for $9,000. I´ve hiked around Lake Apoyo, and it is lovely wooded country. Lief Simon and Kathleen Petticord of International Living Magazine led me in pursuit of a pack of howler monkeys in the hills above Lake Apoyo. We had a difficult time getting close to them as they move from tree to tree very rapidly and with total impunity, they are extremely interesting animals whose howl is unique and unforgettable. As an alarm clock they exceed anything you'll find in digital.
The Nicaragua Report is the only report that I know of providing information on moving to, investing in and/or buying real estate in this Central American sleeper.
Christopher Howard has done a through job with The Nicaragua Report. There is more than enough here to get you started, tell you where to look, understand the process of residency and find those services that are crucial to establishing ones self in a new nation. Howard has written several books on relocation, including one on Cuba and one on Costa Rica. I consulted his book " The Golden Door to Retirement and Living in Costa Rica " when I was doing research on the book version of Escape From America. I recommended the book at that time as one of the two best resources on moving to Costa Rica. A recommendation I´ll stand by. There are resources on the author in the online resource section, including how to find his other books, his tour groups to Costa Rica and Nicaragua and related topics. |
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