Nicaragua

Nicaragua is an up-and-coming real estate market in Central America and is still enjoying pre-boom low prices. While Nicaragua offers splendid natural beauty, undeveloped beaches, and colonial architecture, its reputation as an unstable country with political problems and unrest has prevented floods of investors from developing this country to the pace of its southern neighbor, Costa Rica. Political stability and continuously strong economic growth over the last several years have turned the country around, and the market is indicating that it is headed towards a real estate boom, similar to what happened 10 or 20 years ago in other parts of Central America. The government is investing in infrastructure and encouraging foreign investment. For the individual second-home buyer or retiree, low cost of living and tax incentives make Nicaragua an attractive destination.