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Real Estate Investor Briefing
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The best of Nicaragua
August 2006
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Greetings from Nicaragua!
Three key real estate “hotspots” are becoming
apparent in Nicaragua’s investment landscape:
beach
real estate on Nicaragua’s southern Pacific
Coast;
colonial homes in Granada; and property on
Laguna
de Apoyo a crater lake close to Granada. Click here for a map showing areas of key
investor focus.
On the Pacific coast,
San Juan del Sur is the main
investment hub, with the Popoyo area, a little
further north, rapidly emerging as a second zone of
interest.
Across the Pacific coast residential lots offered fully
serviced are, in absolute number, still the main
product on the market, followed by condominium
units. We have catalogued 70 real estate
development projects on the Pacific coast and have
found the average price per sq/m for turnkey homes
is $1,500, and for condominiums slightly less at
$1,300. When it comes to vacant serviced lots on
the market, the price variance is much greater with
beachfront or oceanfront property in prime real
estate zones at times passing $150 sq/m. The price
per sq/m falls with distance from the ocean, with
certain developments marketing long ocean view lots
at $10-15 per sq/m
There are 855 colonial
properties in Granada’s historical centre and most
can still be classified as “un-restored” properties.
There are more restored properties on our books than
a year ago and demand is certainly growing for
turnkey property with a good rental record. The
Granada market, specifically the 10 block area that
makes up the historic centre, is quite bounded
making it possible to identify properties that are
undervalued and good candidates for capital
appreciation in the short term.
Laguna de Apoyo in particular has been attracting a
great deal of interest in recent months with the
release of new listings of beautiful view and
waterfront property only minutes away from
Granada. We are really very excited about these
new listings and further details are provided below.
Laguna de Apoyo, we feel, is finally on the map as a
key investment destination. An increasing number of
commercial investors are considering the
opportunities for using the therapeutic quality of the
mineralized thermal water of the lake to
develop medical spas and treatment
centres.
At Coldwell Banker Nicaragua Real
Estate, we believe market intelligence is vital in
assisting our clients in making their investment
decisions. It can make the difference between a
good investment and a great one. We look forward
to keeping you updated on current market conditions
here in Nicaragua and likely future
trends.
Please do contact us if you are
planning a visit to Nicaragua in the near future as we
would be delighted to discuss your investment goals
in detail and take you on a tour of properties that we
think offer the right combination of
location/price/quality.
Best wishes
from Nicaragua
Claudia and Sara
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More than just world class surf
Take a closer look at Popoyo
Popoyo is no longer just an area for the adventurous
surfer, it now boasts infrastructure that is rapidly
approaching levels seen elsewhere in the country.
By December two of the main real estate
development projects in the area will offer high speed
Internet and cell service. Hacienda Iguana will have
all nine
holes open on the golf course and will have broken
ground on a commercial plaza that will include a surf
shop, hotel, restaurant and bar. We have exclusive
listings at Iguana and across the area and a resident
specialist – Seth Robertson – who will show you that
its not just the surf that sets the Popoyo area apart
but also the rapidly improving quality of local
infrastructure, amenities and services.
Hacienda Iguana is home to Nicaragua's most famous surf break
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Plunge into crystal clear waters
Laguna de Apoyo is now on the map
Laguna de Apoyo is more connected to Granada than
ever before. Drive 10 minutes west of Granada and a
breathtaking setting awaits you. Laguna de Apoyo is
a magical place boasting crystal clear waters,
verdant
slopes and million dollar views. The area has
abundant
natural fauna and flora including howler and white
faced monkeys, sloth, iguanas, armadillos, blue jays,
toucans and a rich aquatic life including an endemic
fish species as well as old growth trees, some over
100 years old. It is no wonder that it has been
proposed as a World Heritage site. The Granada side
of the lake is now being developed and we have a
range of listings of both view and waterfront
property.
A crater lake on Granada's door-step
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A colonial gem in Granada
Modern colonial living in historic Granada
This colonial property has been designed with great
flair and attention to detail. The owner followed
every step of the construction process and then
furnished the property to give it a “modern colonial”
feel. Used to running luxury hotels throughout the
world, the owner knows what it takes to create a
comfortable living space and stimulating
environment. This property has recently
been put on the rental market in Granada and is set
to attract great rental yields. Santa Lucia is growing
into one of the prime residential streets in Granada,
some of the earliest restoration projects were
started here
with a number of high quality colonial homes located
a
stone’s throw away. The property
presents an example of an emerging "modern
colonial" style.
“Modern colonial” living
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Ocean view lots in Popoyo
No need to "bet on the infrastructure"
A new release of serviced "estate lots" in Nicaragua’s
first exclusive gated community on the Pacific coast
has come onto the market.
Located on a ridge that runs parallel to the ocean,
the estates offer sweeping views of the ocean and
inland hills. Here we are not looking at a developers
dream of the future; everything is already in place
including clubhouse, restaurant, underground utilities,
high-speed Internet service, fresh water plant,
health
clinic and a
new swimming pool looking out on to the beach. Its
not just the world-class surfing that will keep you
coming back to the Popoyo area!
Amenities and service already up-and-running
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Ensuring the local community benefits from real
estate development
Nicaragua has been
enjoying a stable political environment and steady
economic growth for a sustained period. As a result,
an increasing number of foreign property investors
are attracted to the country for its welcoming
climate, stunning scenery, friendly people and, of
course, competitive real estate investments. As
Nicaragua grows, not just as a tourism destination,
but as a centre for foreign vacation and second
home ownership, the owners of property in Nicaragua
are looking for ways to make a more personal
connection with the country within which they have
chosen to spend from weeks to months every year.
A Social Investment Fund
As real estate brokers who are often the first and
most long term intermediary for many foreign
investors, we feel that we are uniquely placed to
assist visitors and residents to contribute to
Nicaragua positively and effectively. We are keen as
a group to ensure that foreign investors particularly
understand the need to contribute beyond their real
estate investment in order to ensure that their
investment grows as a result of the communities and
the country moving forward in many ways. We have
come together as a group to set up a Social
Investment Fund which will receive donations
from
both buyers and sellers of real estate in Nicaragua.
The Fund will be independently administered and will
focus on issues that are related to, and affected by,
the property market in Nicaragua and is provisionally
entitled REal Opportunities.
Please do not hesitate to contact us with comments.

Coldwell Banker Nicaragua Real Estate. Offices in Granada and San Juan del Sur
phone:
+ 505 552 2908 (Granada) or + 505 568 2360 (San Juan del Sur)
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