Land Prices Rise in Nicaragua

The demand for land for crops and property development has raised prices in most productive areas.

Monday, March 10, 2014

In cities such as Estelí, Matagalpa and Chinandega, the economic boom has driven up the price of land for farming and for building residential and commercial properties. According to Ricardo Melendez, chief of the Chamber of Builders, one square yard is trading at up to $300 in those cities.

"In Estelí land is more expensive because of the economic awakening of the city, the immediate effect of a thriving tobacco industry, where 23 companies generating more than 30,000 jobs are operating."

"In Chinandega, the growth of crops such as peanuts and sugarcane has also led to a rise in land values." Meanwhile, in Matagalpa, "... the work of the coffee industry have pushed up the cost of the lots."

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More on this topic

Price of Land in Nicaragua

September 2016

Reports of increases from $75 to $500 per square meter have been made in some areas south of Managua and values ​​up to $580 per square meter in the coastal department of Rivas.

The tourism boom seen in the areas in Rivas, followed by Leon and Granada are responsible for the increase in the value of the properties, some of which sometimes sell for $580 per square meter. "...In the case of Rivas the increases occurred between 1996 and 2007 when the construction of major tourism projects was announced."

Luxury Homes in Nicaragua

March 2014

The Chamber of Builders has recorded eight projects for luxury housing in the country with retail prices ranging from $100 thousand to $450 thousand.

The Chamber of Builders of Nicaragua (Cadur), argues that housing designed for more affluent people have had good sales. Currently there are eight projects of this type recorded in Managua and there are an estimated eight more that are not part of Cadur, with prices ranging from $100 thousand to $450 thousand.

Urban Development Boom Near Managua

March 2013

On a 12 kilometer stretch, the new road to León has had almost 13,000 homes built on it in just three years, in addition to four industrial parks of which 3 are already operating.

Elnuevodiario.com.ni reports that "between kilometers 8 and 20 of the new road to León, there are 10 urban private sector projects and three from the public sector, while the mayor of Ciudad Sandino has received 35 applications for new residential buildings."

High Land Values Around Highway in Nicaragua

January 2013

The widening of the road to Masaya between landmarks 6 and 14 is expected to increase land prices, which currently range from $100 to $120 per square meter.

Elnuevodiario.com.ni reports that the president of the Nicaraguan Chamber of Real Estate Brokers, Canibir, Abraham Blandon said that the land located between the Centroamérica roundabout and the residential community Las Colinas where the road will be extended, will become more expensive, but did not specify how much the value per square meter will be raised.

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