Buying Property in Nicaragua – 2020 Year End Market Report – San Juan Del Sur & Tola
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.
El Encanto del Sur – An incredible place to call home! One of our favorite places in Nicaragua, El Encanto del Sur. An expansive gated community spread over 450 acres with six different phases. Breathtaking views, robust flor and fauna, 24/7 security, and amazing amenities provided by Tree Casa Resort – all while being a few minutes from the town of San Juan Del Sur. An incredible place to call home in our peaceful beachside paradise!
In an effort to help our local community we will be donating 300 pounds of beans, 300 pounds of rice, 300 pounds of sugar, and 50 liters of cooking oil. With these supplies we have created 32 packages of food that will go to local families in need to make sure those who are without can have food on their table. In reality, this is a small dent in the large amount of families that have been affected in our community via reduced wages, loss jobs, shuttered businesses, and overall life changing economic times.
We sat down with Juan at one his projects, El Romance, and discussed his real estate ventures over the last 15+ years – lessons learned as well as his vision of real estate in San Juan Del Sur and Nicaragua in the future. We speak about integrating sustainability into development, on both an ecological and community level, preservation of one of the most biologically diverse countries in the world, and our roles in this process.
Journey Man Dan sat down with Leslie W. Stewart IV of Invest Nicaragua to discuss his experience being an expatriate living in San Juan del Sur, Nicaragua. Leslie touches upon how he arrived to Nicaragua, his transition from the US Peace Corps to working and investing in real estate, as well as tips for aspiring expats. This is great interview for anyone who is interested in living outside of their home country, starting a business overseas, and following the unbeaten path!
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.