Nicaragua Oceanfront Real Estate is becoming a Hot Commodity
Nicaragua, a diamond-in-the-rough Central American nation, is rapidly bursting the perception of not just the avid adventurer, but the savvy investor too. A country where two short decades ago the remnants of a raging civil war were still front and center, is now beckoning the world as a prominent tropical vacation destination. The past couple of years have been a major “tipping point” that turned curiosity into recognition.
In 2010, over one million tourists found Nicaragua to be very safe, friendly, affordable, exciting, and “better than they ever imagined.” So much so that investment in Nicaragua Oceanfront Property in the town of San Juan del Sur has become a timely proposition.
Savvy investors took notice when The World Bank, the International Monetary Fund and participating nations of the Central American Free Trade Agreement added their affirmations during the past several years and made sweeping decisions that strengthened Nicaragua’s comeback.
U.S. News & World Report has trumpeted: “Nicaragua is a hot new travel destination.” Retirees are flocking to San Juan del Sur and The Wall Street Journal wrote: “As legions of baby boomers prepare to retire and relocate to warmer climates, a widening range of Central American countries are vying to be their new home. … As a result, a new breed of intrepid retirees is branching out to countries including … Nicaragua.” The country boasts spectacular natural and man-made beauty and some of the lowest priced Pacific Oceanfront property anywhere.
Nicaragua is home to the 15th-largest freshwater lake in the world; and large volcanoes dot the landscape and meld into cloud forested jungle where howler monkeys and other exotic species of flora and fauna are in abundance.
World travelers and retirees alike are discovering that Nicaragua Oceanfront Property is much less expensive than their home countries – and for Americans the difference in price is astounding. It’s not just property prices that have been attracting buyers; the cost of living is a fraction of what it is in the United States and foreigners can quite easily become residents and acquire fee simple title to property.
Paradise Bay is a developing residential community in San Juan del Sur and has what many believe to be the best oceanfront and ocean view deals in the area. The stunning panoramic views of Costa Rica and the short walk from the town center make Paradise Bay the overwhelming favorite among discriminating buyers interested in Nicaragua Oceanfront Property.