Peering into 2009: A flight to quality for Nicaragua real estate
Well, 2008 has been an interesting year. The big headline is, of course, the global financial crisis. Things are looking very volatile out there. But, at the same time, we’re remembering that hard times can be the best times for creativity, opportunity and change.
We’re seeing this in our client base. More and more people are looking for a plan-B for their retirement and investments. They’re considering expanding their horizons beyond the US and looking hard at places like Nicaragua where they can live in luxury, but for far less than is possible at home – even during what could be a long global downturn.
For us, 2008 was a year filled with Choose Nicaragua property tours, a focus on affordable vacation homes and a strong upsurge in green real estate developments across the country. It was also the year the earthship was built on the rolling hills south of San Juan del Sur.
A flight to quality…
In 2009, we predict a flight to quality for Nicaragua real estate. Investment activity will trend towards well-planned developments with good locations, quality products and a master plan that delivers against end-user requirements. The real estate developments that have only done well in the past due to speculation rather than the quality of their product will likely suffer.
So, we’re bringing in the new year with a weekend event at one of the best quality developments in the country. On 17th-18th January there’s a chance to familiarize yourself with the in’s and out’s of buying property overseas, and savor the culture, activities and lifestyle here in Nicaragua. We’ll shine the light on a range of surprisingly affordable golf front, ocean view and beach front vacation offerings in one of the most beautiful parts of the country. Click here to learn more.
With very best wishes for 2009 from the Coldwell Banker Nicaragua team.
