Property market reviving in Nicaragua as worries over political regime subside

Property investors from the US are no longer buying in Nicaragua, but European investors are stepping into the breach and the country's property market is starting to recover from a spartan period.

Thursday, July 31, 2008

'You have to be somewhat of a contrarian to buy real estate in Nicaragua right now,' said developer and advisor Jeff Cassel. 'Two years ago this Nicaragua was right up there in the property-buying popularity polls. Hordes of buyers, especially soon-to-be American and Canadian retirees, couldn't get enough of it,' he explained.

'Pristine properties in Nicaragua were plentiful - beachfront, mountaintop, lakeside, and everything in between and best of all, they were very inexpensive. This was the fabulous frontier, waiting to be explored and settled.'

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