For many baby boomer real estate shoppers these days the goal of appreciation has become a thing of the past. Whether searching for retirement living options or simply having a plan B, the criteria many now consider critical has changed dramatically since the bursting of the global real estate bubble.
Some of the biggest fears for boomers in much of the western world are 1) the debt levels that their home countries are carrying, 2) the real possibility of higher taxation, and 3) growing inflation that reduces the buying power of the money in your wallet.
Enter the Central American country of Nicaragua – for decades this country was so far off people’s radar that even the most adventurous backpacker stayed away. That all changed however, beginning at the dawn of the 21st century when a few pioneers discovered what is still today one of the last great Pacific Ocean real estate opportunities.
Situated between Costa Rica to the south, and Honduras to the north, Central America’s largest country is becoming the next ‘new place to be seen.’ The once small and sleepy coastal fishing village of San Juan del Sur could easily become Nicaragua’s St. Tropez. The stunning horseshoe bay surrounded by lush tropical hillsides memorize all who visit. The cruise ship industry added this port-of-call recently and its popularity on search engines and travel sites has spawned a boom in tourism.
“San Juan del Sur is the kind of place where you come to fully relax; but if you’re not careful you find yourself falling in love with the place and end up moving here full-time,” Said Randy Harvey, who did just that. And he’s not alone; more than 500 expats from around the world have done the same. It’s easy to see why – boomers are looking for warm weather destinations that are safe, affordable, and friendly, and it doesn’t hurt if they are the kind of place that will help them stay young at heart.
Real Estate in Nicaragua and property values in San Juan del Sur are increasing; something that can’t be said for too many places. One of the best oceanfront locations is Paradise Bay just a half-mile south of the town. This developing 130-acre residential community has spectacular views and the highest quality infrastructure that is usually hard to find.
If you are looking to buy Real Estate in Nicaragua, Paradise Bay and San Juan del Sur should be one place to add to your shopping list.