Nicaragua is one of the most beautiful countries in Central America that, unfortunately, has suffered from a lot of bad press; however it is preceisely this bad press that has made Nicaragua so attractive to savvy foreign investors. They know that while it may be a litle rough around the edges, the quality of life in Nicaragua is one of the hightest in Central America.
With its abundant wildlife and spectacular scenery, Nicaragua has been striving to capitalize on these natural assets to emulate its Costa Rican neighbor and become an eco-tourism haven. To this end, 84 nature preserves have been created, protecting more that 17% percent of the country’s landmass.
Because most of the world still believes Nicaragua is a country full of danger and political unrest, local real estate is quite undervalued, making it the perfect spot to snap up some land and develop it for retirement or investment projects.
Prices are on the rise, however, as the world is now catching on to Nicaragua's potential as a world-class vacation and retirement destination. Property bought and developed now could potentially be worth five times as much in the coming years based on projected growth rates for the country. This combined with the extremely low cost of living and the financial incentives in place by the pensionado program for retirees make Nicaragua an excellent option for retirement.
The government is democratically elected and has been committed to both a free market economy and attracting foreign investors. Nicaragua is currently reorganizing its government and is continuing to stabilize politically. Even with the recent election of Daniel Ortega, all signs indicate that the current trends will continue, and even accelerate over the next several years.
Most importantly, according to recent surveys, Nicaragua is the safest country in Central America and one of the safest countries in the world with its crime rate being much lower than that in the US.
The climate in Nicaragua is predominantly tropical with warm and humid days most of the year, the hottest and driest months being March and April. The heat in April, in fact, can be downright scorching, so many Nicaraguans head to the beach or the highlands as much as possible then. However during the winter, days become milder and can be very enjoyable.
Although all of these factors are attractive to foreigners contemplating their retirement destination, the most attractive aspect about Nicaragua, without question, is the people. The locals are friendly and welcome foreigners. They greet people with warm smiles and assist them in anything they need. The culture is fun and the country is beautiful and the locals are there to show you everything Nicaragua has to offer.
But don't just take our word for it, check out some recent articles about the magic of Nicaragua:
And here are a few "official" links about Nicaragua:
