By Coldwell Banker Nicaragua

In this newsletter we have focussed on property in and around San Juan del Sur, a rapidly growing tourism and investment destination on Nicaragua's southern Pacific coast. The town is evolving before our eyes; new internet cafes, bars and restaurants are opening and a major expansion of the port area, to better service international cruise lines and support the local fishing industry, is currently underway.

What makes San Juan del Sur interesting is the beautiful geography of the town and the surrounding areas. It is no surprise that this area of Nicaragua's coastline is generating the most interest. Rolling hills, now a beautiful verdant green, dropping towards secluded sandy beaches and dramatic rocky outcrops on the ocean front. A number of real estate developments have sprung up taking advantage of the numerous stunning ocean view sites that exist around the town. There are few places left in the world where you can pick up an ocean view site for under $50,000 so close to a rapidly growing tourism and investment hub and with close access to sandy beaches and world class surfing spots.

Growth in supply of turnkey product

The most noteworthy real estate trend in the past three years has been the large growth in the supply of turnkey products, (villas, condos, casitas, bungalows), many of which are offered pre- construction. Coined as "condomania" in a recent edition of Waves magazine, close to 33 out of the 65 major developments on the Pacific Coast now offer a turnkey product. The graph above charts the relative availability of different real estate products between 2003 and 2005.

Nicaragua is going through interesting times and San Juan del Sur presents a perfect study of the close link between tourism and real estate investment that has been experienced in countless places around the world. Many visit Nicaragua as tourists and leave as investors.

We invite you to San Juan del Sur and would be delighted to meet with you, discuss market trends and take you on a property tour of properties that we think offer the right combination of price, location and quality.

It's the view that will keep you coming back
A new ocean view home at Cantamar El Yankee

You can see the waves roll in and break on Yankee beach from this ocean view home. The beautifully appointed house on the property offers three bedrooms, three and a half baths and well designed living accommodations arranged over two floors and 1620 sq ft. The construction of the main house has recently been completed and landscaping is currently underway. Cantamar El Yankee is a popular development with investors attracted by the world- class sandy sweep of beach (after which the development is named), dramatic geography, expansive views and proximity to San Juan del Sur to the north. Asking $260,000

Invest with confidence...develop with a conscience
Large parcel concept offered at Las Fincas

This is the strap-line of Las Fincas, a real estate project run by Donn Wilson - developer, entrepreneur and surfer based in San Juan del Sur. Donn recognizes that real estate investors are entering into another country and have an obligation to respect the land, the people and the environment and so Las Fincas is designed with sustainable development principles ‘built in’. Large parcels of several acres are available starting at $40,000 with a basic solar power setup and aligned with a series of active community outreach projects introducing highly effective, yet low-cost solutions for cooking and purifying drinking water.

Ocean views in a natural setting
The right combination of price, location and quality

At Paraiso de Amelia you can get a beautiful ocean view property for under $50,000 close to the rapidly developing town of San Juan del Sur. Fully serviced lots are available nestled within this 100 acre property in a rich natural setting of old-growth trees, waterfalls and lush valleys. Fully serviced half-acre home sites start at under US $30,000 with financing. In in-house construction service is also available for up to 75 percent of your purchase price.

Combine a growth and income strategy
Villas de Palermo

Quality rental property can be hard to find in San Juan del Sur. Villas de Palermo is set to fill this gap. Taking advantage of Nicaraguan Law 306, which is designed to encourage investment in tourism, investors get a 10-year tax break on rental income earned. This is a complete turnkey experience - villas are supplied fully equipped including cutlery, crockery and linens. Each unit is a two-bedroom, two-bath model, with 1,600 square feet of living space, currently asking $189,000.

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