The vast majority of property for sale in Nicaragua has a fee simple (freehold) title. There is leasehold property for sale, although this makes up a very small proportion of total sales of real estate in the country.
The most straight forward way to own property in Nicaragua is in your own name. It is also a simple process to hold the property in the name of a Nicaraguan corporation and many Nicaraguan law firms have ready shelf corporations for sale to make this process an efficient one. You can also hold property under a foreign corporation (the most common vehicles being a US or Panamanian corporation) although the legal process to do this will take a little longer.
Apart from property near the borders, there are no restrictions on foreigners owning property and running business in Nicaragua. Law 344 establishes equal treatment of foreign and domestic investment; eliminates restrictions on the way in which foreign capital can enter the country; and recognizes a foreign investor's right to own and use property without limitation.
For more on the legal aspects of purchasing property, click here for an interview with Sergio Corrales, real estate attorney with over a decade of experience in the Nicaragua property market. The interview is part of our Insider Tips Series for Nicaragua Real Estate investors.