Who Are The International Buyers For Real Estate In Nicaragua And What Are They Looking For?
As international real estate markets develop and mature, the type of buyer also changes. It’s important to look back at the past and determine what types of buyers have been driving the market as this provides insight into the future.
For many years Nicaragua was a very misunderstood country at an early stage in its development as a tourism and real estate destination. The buyers investigating real estate for sale in Nicaragua during this period needed to have a stomach for speculation and an appetite for risk. Most of these speculator investors were interested in purchasing real estate at rock bottom prices and were not overly concerned with the quality of infrastructure or access to amenity. The plan was to re-sell the property for a quick flip profit without undertaking significant improvements.
As the idea of Nicaragua as a stable and profitable investment destination began to take hold, a new group of investors started to arrive. The group was comprised of vacation home investors and pre-retirees looking to plant their money in a place with strong future potential. Services and infrastructure are important to this group but many are still willing to hold their properties for a period of time before seeing a return or being able to generate income through rental.
The third category of property buyer entering the international real estate scene in Nicaragua are the ‘lifestyle buyers’ looking for a primary home in the country. Many are attracted by the low cost of living in Nicaragua (especially in this post-crisis ear) and plan to move to the country full time. This group has a longer list of questions to address before closing on a real estate purchase, tends to purchase in the more established areas and need to feel confident that all the amenities, services and infrastructure that they would like to access are available.
Tags: international real estate, Nicaragua real estate, real estate for sale in Nicaragua
