Buying Property in Nicaragua – 2020 Year End Market Report – San Juan Del Sur & Tola
Rich with a vibrant culture, friendly locals, endless beaches, and year-round warm weather, Nicaragua is the perfect place to take a vacation. But what if you want to buy a home, start a business, or purchase an investment property? We have a wide breadth of experience when it comes to investing in Nicaragua, especially in the San Juan del Sur and Tola real estate markets! Read on to learn more about purchasing property in one of the fastest growing real estate markets and tourist destinations in Central America.
Imagine you have been eyeing your dream property for months. You have figured out how you will finance your purchase and have investigated each and every step of buying real estate in Nicaragua. But one big question remains: who will take care of your dream home after you buy it?
Financing options for buying property in San Juan del Sur & Tola are very limited. Loans from a local bank come with a high interest rate coupled with a cumbersome approval process. Owner financing is an option but not all sellers offer it. What if you could act as your own financier using funds that you have already accumulated? That is exactly what you can do by utilizing a Self-Directed IRA.
Last year was very active in the real estate markets of San Juan del Sur and Tola. We saw a high amount of sales for existing homes, apartments, and commercial property that were deemed to be priced below replacement cost value and had final sale prices that were reflective of current market conditions.
We can’t believe it either, we are already in the 2nd month of 2020 and it feels like 2019 just ended! As the new year barrels on we wanted to briefly recap 2019 as we look towards the future. Last year was a year of growth on both the personal and professional front. Personally, Belkys launched her clothing store Vintage Coleccion, and we formally established Team Invest Nicaragua to better serve the real estate markets of San Juan del Sur and Tola.