By Coldwell Banker Nicaragua

Greetings from Nicaragua

Granada is growing into a major tourism and real estate investment destination. This is not surprizing given its beautiful colonial architecture and coherent historical center. Being the oldest city on the continent brings with it a certain cache and its proximity to the southern Pacific coast and Managua makes it a logical choice for investors.

The table below provides an analysis of market prices for colonials of different sizes. We have included properties that fall within the 10 block area that makes up Granada's historical center in this analysis.

Restore this colonial home
Granada is a restorer's dream

Investors are attracted by the availability of historic colonial properties characterized by 12 foot high adobe walls, wooden beams and pillars, internal courtyards, terracotta tiles and expansive proportions. This two-door property boasts colonial features throughout and could be restored into a premier home or rental property. Asking $99,000.

Remaining true to tradition
Totally turnkey

More and more of these 17th and 18th century adobe structures are being remodeled remaining true to traditional Spanish colonial architecture as a result of strict planning regulations. This property is an example of a stylishly remodeled home offered in turnkey condition. Two bedrooms with en-suite facilities and a half bath on the ground floor. Asking $132,000

Location, location, location
In the heart of historic Granada

The key areas where buying interest is being focussed is around the central park (parque central); the San Francisco church and on “millionaires row” one of Granada’s premier streets. This featured property is located moments from the central park right in the heart of the historical district. Restaurants, bars and coffee shops are plentiful in this area with ever increasing numbers of specialty outlets. With three grand salas and boasting a central patio garden this property has great curb appeal. Asking $300,000

The astonishing Laguna de Apoyo
Only three miles away from Granada

It took us 7 minutes to drive from the Central Park in Granada to the rim of Laguna de Apoyo - one of Nicaragua's most impressive natural wonders. The laguna is spectacular - surrounded by verdant green slopes plunging down to blue, blue waters perfect for swimming, sailing and kayaking. A series of beautiful lots have been released here - both on the rim of the laguna (with perfect sunset orientation) as well as on the lakefront - in the Vistalagos residential community. Starting $59,000.

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