Archive for the ‘Data, trends and statistics’ Category

Real estate at a fraction of the price

“Nicaragua is next in line for fractional real estate offerings after Costa Rica and Mexico” according to Scott A. Preston of law firm Ballard Spahr Andrews & Ingersoll, speaking at a recent event hosted by the Association of Nicaraguan Investors and Developers (ANID). 

Fractional real estate is broadly defined as vacation real estate sold in intervals of more than one week and less than whole ownership.  It sits alongside destination clubs, condo hotels, timeshare and private residence clubs on the spectrum of real estate models being used in the second home and vacation market. 

Despite being new to the market here, Nicaragua has an advantage over Mexico (where fractionals are booming) when it comes to the legal basis of fractional ownership.  With a simpler legal system and an environment where foreigners can own land with fee simple title, fractional offerings are set to flourish. 

Hassle free absentee landownership

For investors not equipped or not willing to be absentee landlords, fractionals offer a compelling proposition.  It is often not a matter of being unable to afford a vacation home, but a case of not wanting the hassle and expense of maintaining a home 52 weeks of the year when they are likely to occupy it only for two or three weeks each year.   

We know of a number of developers in Nicaragua planning fractional products.  All part of a wider trend towards mixed use offerings in the vacation real estate world. 

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Nicaragua one of “Five Top South American Investment Opportunities”

Overseas property mall have highlighted Nicaragua as one of the five top South American Investment Opportunities. Joining Chile, Peru, Brazil, Uruguay here is the excerpt on Nicaragua. 

“Tourism in Nicaragua is booming, and along with it, many buy-to-let opportunities. Tourism is currently the second largest industry in the nation and over the last 7 years tourism has grown about 70%. Nicaragua has seen positive growth in the tourism sector over the last decade and is expected to become the first largest industry in 2007. The increase and growth led to the income from tourism to rise more than 300% over a period of 10 years. The growth in tourism has also positively affected the agricultural, commercial, and finance industries, as well as the construction industry

Every year about 60,000 U.S. citizens visit Nicaragua, primarily business people, tourists, and those visiting relatives. The majority of tourists that visit Nicaragua are from the U.S., Central or South America, and Europe. According to the Ministry of Tourism of Nicaragua (INTUR), the colonial city of Granada is the preferred spot for tourists and this is where many overseas property investing opportunities are to be found.”

For the full article click here.

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Four google earth maps showing real estate developments on Nicaragua’s Pacific coast

Selection of google maps showing the location of the major real estate developments on the Pacific coast. 

• Map of real estate developments south of San Juan del Sur 
• Map of real estate developments in San Juan del Sur and to the north 
• Map of real estate developments on the Tola Riviera
• Map of developments on Nicaragua’s Central Pacific Coast

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10 Trends in Nicaragua real estate

As real estate buyers become more sophisticated and developers more adventurous, we are seeing the following trends in the property market:

• More turnkey product on the market with the promise of rental income
• Emergence of fractional ownership products supported by strong property management offering
• Growth in developer / owner financing
• More brand name offerings and franchise products in different locations
• World class amenity based products (e.g signature name golf resort)
• Increase in eco-sell products being marketed as ecologically sound
• Better technology offerings (e.g full wi-fi access)
• Special commercial sites (tourism and business)
• The emergence of luxury real estate
• A spreading out of real estate options from the South West of the country

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