Looking back to 2000, it’s possible to identify at least three ‘waves’ of international real estate investors attracted to Nicaragua.  In this article we look back to the early years and draw conclusions for the future  that are relevant to both buyers and sellers.

As Nicaragua began to emerge on the map as a destination for international real estate (buoyed on by the real estate boom in Costa Rica, which neighbors Nicaragua to the south) it was still considered an ‘emerging’ or ‘early-in’ real estate destination.  The first wave of Nicaragua real estate buyers were ‘speculators’ who mainly bought raw land and vacant lots at low prices, often in locations that had seem little development, with the intention of selling them a few years later as the country become more well known among real estate investors.   As land was still relatively cheap compared to construction (a ratio that has since shifted), few of the early investors carried out improvements to their land. Continue Article...