Friday, 4 February 2011

Nicaraguan property bargains

Nicaragua is steadily increasing in popularity as a tourist destination, as numbers have risen during the last three years. One million tourists visited Nicaragua last year and it's rated as one of the top 10 destinations for 2011 by Lonely Planet. It has been tipped for a property boom since the beginning of the turn-of-the-century, and speculators invested heavily in beachfront land during the first half of the decade. Many of these investors were from the US and are now having to sell their property due to the declining prices in the US market.

This has increased the chance of bargains and it's now possible to buy a two-bedroom condo right on the beach for hundred and $179,000, while a condo in an established development just a short stroll from the beach can be bought for just $45,000.

There are several good reasons to buy here as the popularity of this country can only increase. It's very easy to get to as it's just a short connecting flight from many major US cities, and as yet is wonderfully un-spoilt and makes an ideal destination for anyone who appreciates outdoor life in outstanding natural beauty.

Nicaraguan has everything as it has volcanoes, virgin rainforests, colonial cities and exotic wildlife and would probably appeal to eco-tourists. It’s easily as attractive as the far more popular and commercial Costa Rica but it's just not as well-known. The cost of living here is very low so that tourists and residents can both enjoy eating out without breaking the bank. It is only a matter of time before this country is properly discovered and becomes a major tourist destination.

No comments:

Post a Comment

Like this Post? Check out more great content from Azure Overseas...

Want even more? subscribe to our exclusive mailing list to receive content not published on the site, including a massive e-book offering a complete guide to overseas property investment.