Own Nicaragua Real Estate and Experience Paradise

What makes Nicaragua Real Estate work? On the one hand Nicaragua is exquisitely beautiful. The country has year-round lovely sunshine, incredible beaches, world-class surfing, towering volcanoes, and historic colonial cities. Many developers are promoting properties for sale in Nicaragua as great purchases. This is no surprise. Properties for sale in Nicaragua initially benefited from low prices, although the story may not hold true today. However, Nicaragua has many advantages to good buyers. It is a safe country, with growing tourism and excellent air connections with the United States. Although house prices experienced a decline during the global financial crisis, it was not to the extent seen in the United Kingdom, the United States, and other developed countries.

Here are a few more reasons why Nicaragua Real Estate continues to fascinate investors.

• The Nicaraguan market has established lucrative retirement benefits such as customs exemption for household items.
• Some well-known title insurance companies offer property title insurance in Nicaragua.
• Nicaragua is a signatory to the Central American Free Trade Agreement.
• The Foreign Investment Law in Nicaragua is favorable to investors. Domestic and foreign investments are treated equally. This is a wonderful advantage as the country recognizes the right of foreigners to own Real Estate in Nicaragua and establish business enterprises as they wish.
• Inflation is moderately low. Massive investments are being made in infrastructure facilities. The main airport, Managua International Airport, has been modernized and expanded to accommodate double the passenger capacity.
• Most importantly, the land for sale is a huge draw due to Nicaragua’s spectacular natural beauty. Excellent colonial architecture combined with beautiful lakes, turtle sanctuaries, exotic volcanoes, and cloud forests make the country irresistible to real estate hunters.

What are the legal issues to be addressed?

When buying property for sale in Nicaragua, have a freehold title. The best bet to own property in Nicaragua is in your own name. The process is simple and the law allows you to own property in the name of a Nicaraguan corporation. Nicaraguan Law 344 removes all obstacles to the entry of capital.

What about taxes?

You will have to pay the applicable taxes according to the law to the local municipality. Taxes paid before March 31 are eligible for discounts.

How do you get to finance real estate in Nicaragua?

Fortunately, for investors, financing options are evolving and becoming more flexible. Most sales are still made through cash payment. Some banks offer loans at competitive rates, but the bureaucratic procedures can be cumbersome.

Some of the best investment options promoted by real estate agents are the following:

• Corn Islands with their swaying palm trees, warm waters, and a fair number of English-speaking populations.
• Granada with a rich cultural heritage and beautiful colonial cities.
• León considered an intellectual capital with its avant-garde University and stately churches.
• Pacific coast with a splendidly attractive coastline.

In general, owning real estate in Nicaragua is a good investment option. Almost no one who owns land in Nicaragua regrets their decision. The low cost of living, friendly population, and spectacular natural beauty make real estate in Nicaragua a virtual paradise. Without a doubt, Nicaragua has some of the most beautiful properties in the world.