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Nicaraguan Real Estate Opportunities for Contrarian Investors

Granada Cathedral and city panorama. Granada, Nicaragua.

Despite road transport being over 150 times more dangerous than air transport, many people drive carefree while being deathly afraid of flying. The key to understanding this phenomena is that risk and risk perception are distinct values. Discerning the difference between the two can mean exceptional profits for investors.

Ownership of property in Latin America can seem like a great risk. Nicaragua’s history of political conflict, largely involving the United States in the 1980s, has left a bad taste in the mouths of North Americans. In recent memory is a civil conflict that ended in the deaths of protesters in 2018. Although the actual danger has been relegated to the annals of history, a lingering stigma has depressed travel and real estate investments. These misconceptions present savvy investors with timely opportunities in Nicaragua.

What if a small amount of due diligence could uncover the facts and reality of such an investment? What if hard data, examined under the light of objective scrutiny, showed that it was less risky to own overseas property than shares of big blue-chip companies like AIG, Bank of America, GM, or GE.

When the veil of politics is removed, the reality underneath is a beautiful country, with warm, loving people, who want jobs, food on their table, and school for their kids. In fact, Nicaragua is demonstrating the same growth indicators of Costa Rica over 30 years ago. Opportunity in Nicaragua is ripe for the taking.

Nicaraguan Bargains

Natalie Sullivan of Discover Real Estate in San Juan Del Sur, a popular beach town, recently said, “My average sale now is 40 percent off the original list price.” In Granada, a 496-year-old colonial city, Paul Daemen of Aurora Colonial Realty recently listed a 9-bedroom restored colonial home reduced from more than $500K to $350K USD. Other properties in and around the city can be had for under $150K USD. In the mountains, nestled between coffee plantations, homes can be found for around $100K.

For people looking for a business, a four-bedroom, three-bath B&B near the Pacific was recently reduced from $349K to $279K. For people who prefer the Caribbean, the Lighthouse Hotel on the Corn Island, an eight-cabana hotel and bar, is for sale for $350K. A 247-acre coffee plantation and eco resort 4,000 feet above sea level in the tropical highlands is now only $750K.

On the Pacific Coast close to Managua, prices have held due to the proximity to the capital city and major international airport. Road paving to Gran Pacifica is complete, dropping transit time from the capital to the nearest beach to under one hour. Homes and properties in a beach and golf village by the sea start in the low $100’s. An oceanfront condo facing a world class surf break goes for $139K USD. Joint venture opportunities are abundant for developers and entrepreneurs who want to diversify internationally.

Bottom Line

You may already be tuned into the incredible opportunities outside of the U.S. and Canada. If so, you are ahead of the curve and have a huge advantage. By owning a property that will serve these arriving consumers, you can provide something that is desperately desired and earn a nice profit as well.

For investors looking to see their dollars go further, Nicaragua is the place to shop right now. When we can travel again post-pandemic, come visit the country that might scare some folks, but not the ones who have seen it with their own eyes. For them, the opportunity is about as sweet as it gets. The plane is leaving, with or without you. Opportunity is aboard.

Mike Cobb is CEO of ECI Development, a company that creates value through socially responsible development within communities in Nicaragua, Belize, Costa Rica, Panama, and Argentina. More info available at www.ecidevelopment.com.

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