Nicaragua is the largest country in Central America, and much of the southern Pacific Coast is being developed with luxurious planned communities designed specifically for overseas buyers.
While these developments are absolutely gorgeous, the Northern and Central Pacific Coast offers a far more affordable alternative, and many investors are catching on fast.
A lot of the towns here are quite simple, but are undergoing gradual transformations and the percentage of holiday homes is increasing. One such village is Pochomil whose most significant claim to fame is the substantial number of excellent seafood restaurants on the beach which is wide and sandy and about 10 miles long.
The Pacific Ocean here is extremely calm and warm, and is perfect for swimming and other water sports. This village is near to a luxury resort at Montelimar, and is also close to the former presidential seaside retreat. The nearest large city is the capital of Nicaragua, Managua, and many of its residents choose to escape here for day trips.
At the moment prices here are still very low as a three-bedroom property with ocean views can be bought for as little as $150,000, and the village has attracted a real international mix. Unlike the planned communities along the south Pacific Coast, this region has retained its authentic feel.
As well as being an attractive country for second homeowners, Nicaragua is increasingly being seen as offering opportunities for foreign direct investment, and is often regarded as one of the most competitive sourcing options for the textile industry, even when compared to countries such as Vietnam, China and Bangladesh.
Nicaragua has a skilled labour force and is very pro-business offering attractive fiscal incentives, and is likely to see good economic growth over the next few years.
No comments:
Post a Comment