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.

This entry was posted on Saturday, November 24th, 2007 at 10:58 pm and is filed under Data, trends and statistics, Nicaragua in the news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.