|
|
Real Estate Investor Briefing
|
Nicaragua is evolving and maturing
September 2006
|
|
|
|
Greetings from Nicaragua!
We are often asked to describe the typical buyer for
real
estate in Nicaragua. An analysis of our database
indicates that North Americans are the main segment
purchasing property, especially from the west coast
and southern states of the USA. The majority of
buyers are aged between 35 and 55, a younger age
profile than would be the case in more mature real
estate destinations. Buyers are motivated by the
conditions of the economy in the USA, the
lower “opportunity” prices in Nicaragua, the growth
of tourism, together with the unique combination of
cultural, geographical and natural characteristics
found in Nicaragua, especially around the San Juan
del Sur and Granada areas.
Buyer
typology over time
The graph above
considers the relative proportions across five
buyer profiles at different stages in Nicaragua’s
property investment cycle. Speculators still make up
a considerable proportion of investors but an
increasing number of pre-retirement / retirement and
second home buyers are emerging. The number of
commercial investors researching opportunities in
Nicaragua has also increased considerably in recent
years. With the majority of buyers under 55
years of age, the market changes associated with
the baby boomer demographic are only just beginning
to be felt.
Forthcoming elections
Many of
our
clients are asking about the forthcoming elections,
set for 5th November. The recent polls indicate that
it will be a close-run race, although it does appear
that lead for Sandinista candidate Daniel Ortega has
fallen in the past weeks. Polls have historically been
somewhat inaccurate in Nicaragua – evidenced by
the high poll
results for Ortega in three previous elections; all of
which he lost. The other main presidential hopefuls
are the Liberal Nicaraguan Alliance candidate Eduardo
Montealegre, the candidate for the Liberal
Constitutionalist Party, Jose Rizo and Edmundo
Jarquin for the Sandinista Renewal Movement. There
has been speculation that Montealegre
and Rizo may unite their respective parties, in their
bid to succeed. It remains to be seen whether this
action will eventuate.
The real estate,
tourism and development community in Nicaragua will
be meeting with each of the key presidential
candidates at the end of the month to hear their
plans and commitments regarding Nicaragua's future
development should they succeed. We will keep you
updated on the run-up to the election in our next
briefing.
The landscape
is
green in Nicaragua and the surf is up. Come and
visit us and we would be delighted to take you on a
property tour and discuss market conditions on the
ground. Have a look at
our property listings and
please do not hesitate to contact us with comments
and questions.
Best wishes from
Nicaragua
Claudia and Sara
|
|
Own a “hobby farm” within sight of colonial Granada
Responding to market demand
We are finding that the demand for acreage property
close to the amenities of Granada is growing. But
not just any acreage – prospective clients are
looking for privacy and seclusion but without a sense
of isolation. Consequently we are very pleased to
offer two (or more) acre
parcels set in lush rolling terrain only 8
minutes drive from the bars, cafes, restaurants and
shopping of Granada. Some of the parcels offer long
views of the
town and Lake Nicaragua and all are sold with access
to Laguna de Apoyo, the stunning volcanic crater
lake with
warm waters perfect for swimming, sailing and
kayaking. The parcels start at $39,000.
Now you can have acreage with access
|
 |
Unique opportunity to purchase a condo site with close ocean views
Ocean view building site in San Juan del Sur
This entire 1.5 acre parcel on the southern slopes of
San Juan del Sur has views to the ocean. The land
slopes gently up in a series of terraces giving it a
versatile presentation and providing scope for a
variety of development designs. The location
combines very close access into the town itself with
a feeling of privacy and detachment. It is hard to
find a rental property in San Juan del Sur, especially
in the high season, and this underlines the potential
for developing town houses or condominium here and
presenting these as money-making holiday retreats.
Asking $295,000.
Development site with great aspect and presentation
|
|
 |
Cantamar El Yankee continues to attract strong investor interest
Location, surf and potential for capital growth
Investors tell us that the reasons they choose to
buy at Cantamar El Yankee are “proximity to San
Juan del Sur”, “the barelling left wedge surf
break”, “the quality of the views”, “the white sand
beach” and, perhaps most significantly, “the
likelihood of capital appreciation.” The view lots at
Yankee are competitively priced when compared with
others on the market and a number of buyers are
buying multiple lots in order to later sell one to
finance the construction of a house on the other.
We have recently had access to a new release of
ridge lots, at Yankee, ranging in price from $60-
130,000 and we are now showing these to interested
clients.
White sand beaches at Yankee
|
 |
Now you can have lake and ocean views combined
There are only a few locations in Nicaragua that offer
combined views of the Pacific Ocean, Lake Nicaragua
and Ometepe Island. Investors who inspect this
property will see how close it is to San Juan del Sur
and will consider the potential for a range of
development options. A similar property closeby
recently sold for $40,000 an acre and we look
forward to seeing the development plans. This
property offers an interesting proposition to the
commercially minded investor. We will shortly be
receiving topographical maps of the property which
will indicate what proportion of the land has
the “double” view of lake and ocean.
Calliing commercial investors
|
|
Fast track your investment strategy by signing
up for our real estate tours
In
December and January next year we will be running a
series of real estate tours designed to showcase the
best real estate that Nicaragua has to offer. The
four day flexible tours are tailored specifically to
meet the needs of real estate investors exploring the
Nicaraguan market and will serve to fast track your
understanding of market trends and opportunities.
On the tour you will discover beachfront and ocean
view properties that are the best candidates for
capital growth and rental income, ground-floor
investment opportunities in lake and mountain
property as well as colonials in Granada that are
undervalued against market benchmarks and offer an
immediate positive cash flow. You will meet
prominent lawyers, investment analysts, developers,
hotel owners and tourism professionals; each with a
unique perspective on
the real estate market. We invite you to leverage
the many years of experience that Coldwell Banker
has in Nicaragua and build your strategy for
successful real estate investing in Nicaragua.
Send us an email to register your interest and
for more information.
Please do not hesitate to contact us with any comments or questions.

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)
|
|
|