Vacation Homes in Nicaragua are poised to be the hot buy of 2009. The Nicaragua real estate market has been maturing over the past decade and it is ready to explode. Baby boomers are getting set to retire and they have just started to discover Nicaragua.
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 great natural beauty and wonderful tourism related activities. Such activities include hiking or kayaking along fresh water lakes and rivers, world class surfing and sport fishing, volcano watching, exploring historic colonial cities, relaxing on one of the gorgeous beaches, shopping in the wonderful open air local markets or visiting a coffee plantation in the lush and green northern region.
Nicaragua has a fascinating cultural history and customs and boasts excellent world class hospitals. It is only logical that Nicaraguan real estate has become the hot buy amongst those looking for an affordable place to retire. As an investor you may also be eligible to receive some compelling tax incentives under Nicaragua Law 306. Law 306 allows an investor or developer tax incentives for 10 years.
Foreigner investors can hold clear title to Nicaragua real estate in their own names unlike some other Latin American countries. Title insurance is also available from some of the most reputable American title insurers, such as First American Title Insurance Company and Stewart Title Insurance Company, to help you avoid any sleepless nights
The Nicaragua real estate market still remains untapped, compared to some other retirement places such as Costa Rica, Belize, Florida and Mexico, and therefore many great deals can still be found. It\’s only a matter of time before Nicaragua real estate becomes more expensive. Beachfront homes can still be a reasonable purchase here for the average person. Food and health care and cleaning services costs are a fraction of that in North America. The reasons to buy Nicaragua Real Estate are endless.
Keep reading about realty in Nicaragua at realtor in nicaragua.
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