Property in Managua, capital of Nicaragua

If you take the time to explore Managua, you will be well rewarded.

The capital city is colourful, busy, breezy, sprawling and very green in places. Its hills and elevations allow for some spectacular vista to the lakes and volcanoes close by. There is a buzz about Managua – it sets the pulse for the entire country economically, politically, culturally and intellectually. And, right now, the capital is experiencing something of a renaissance.

Managua real estate, Nicaragua

Managua is booming

Managua view Already home to nearly a quarter of the country’s population, Managua is experiencing significant population growth. (In the last 30 years Managua has quadrupled in size). Much of the current interest in Managua is being driven by a wave of returning Nicaraguans – the so called “nica ricas” - many of whom are looking to invest in residential property.

The capital is being rebuilt and reshaped before our eyes – shopping centres are opening, hotels are being built and a host of new residential developments have launched. In time Managua and Masaya will increasingly merge together – along the newly built double lane highway that connects the two towns and continues to Granada.

Managua real estate market

Rental yields are generally high in Nicaragua's capital Managua at around 10% to 12% for apartments and up to 15% for houses in certain areas. This compares very favorably with other Central American cities. In San Jose, for example, rental yields for apartments are closer to 6%. Houses are priced between 500-900 sq/m in central areas, again significantly lower than premier cities in other Central American countries. As shown in the graph above, hotels in Managua have a higher occupancy than elsewhere in the country making the capital an attractive option for commercial ventures of this kind.

Managua is Nicaragua’s “go-to” place

Managua aerial view Managua is one of the safest cities in Central America and home to an ever widening range of international brands. The capital is the “go-to” place for shopping, nightlife, cafés, restaurants, bars, luxury hotels as well as a good array of sights of natural and historical interest. It is also strategically located in Nicaragua’s tourism heartland – with key tourism centres such as the colonial city of Granada, the crater lake Laguna de Apoyo, cloud forests at Mombacho, Masaya volcano and handicraft markets as well as the Pacific coast beaches close by.

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