Real Estate Boom in San Juan del Sur

$200 million is the figure by which investment in real estate development is estimated to increase between this year and next in the nicaraguan tourist city.

Tuesday, February 20, 2018

Estimates by the municipality of San Juan del Sur are based on the growth that real estate investment has experienced in this area since 2014. According to Deputy Mayor Randall Granja Fajardo, there are several projects underway and another five are awaiting approval.

"...'When these projects that are being executed finish being developed in 2019, they will add up to an investment of over US $200 million and at the same time all of that luxury infrastructure will strengthen San Juan del Sur as a privileged sun and beach destination in Latin America' assured Granja."

"... One of those projects is El Cielo, which is 60% complete. Roger Valerio Moncada, general manager of the project, stated that the residential complex consists of the construction of eight houses and two buildings, with eight apartments each. The project will be finalized in eight months and the total investment is US $11 million. It is purely Nicaraguan capital and to date 85% of the housing supply has been sold,' he stated."

Are you interested in construction projects in Central America?

Receive information about our monthly report including a complete list of all the major and most important construction projects seeking government authorization.

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

$40 million Residential Development Announced

May 2017

In 20 thousand square meter plot of land in San Juan del Sur, Nicaragua, construction works have started on a luxury residential complex composed of villas, apartments, commercial area and other amenities.

The project will require a total investment of $40 million and will be developed in two stages, said Horacio Argüello Lacayo, president of the Santa Maria group, at the launch event. The first stage to be developed includes the construction of eight residential villas, three apartment buildings, a shopping area and a club house. Works are expected to be completed by 2020. 

Nicaragua: Informality Affecting Tourism Investments

August 2016

Lack of control of unofficial businesses that are setting up on the coasts is preventing further development in areas with high tourism potential such as San Juan del Sur.

The business community argues that the Law for the Development of Coastal and Environmental Conservation is not being complied with, as unofficial businesses such as restaurants and hotels are being allowed to set up on the coasts.

Tourist Resort Planned in San Juan del Sur

August 2015

The plan is to invest $4 million in the first stage of a tourist complex of 22 blocks, including a residential area, a hotel, two club houses and a restaurant, 5 km from San Juan del Sur, in Nicaragua.

Southern Coastal Properties, founded with US capital, is the developer of the project and its president, Joshua Taylor, told Elnuevodiario.com.ni that "...

Nicaragua: Restart of Hotel Project Announced

November 2012

In light of a better investment climate, construction has resumed of the luxury oceanfront condominium project, after becoming stalled two years ago.

Milagro del Mar was designed to create an exclusive community within the Gran Pacífica, with 122 condominiums, 20 villas, swimming pools with waterfalls and a pool by the ocean, a gym, a restaurant and a convenience store.

 close (x)

Receive more news about Infrastructure & Construction

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Living Better El Salvador

Organization that operates in El Salvador.
Phone: (503) 22738606 - (503) 78557006

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Nov 26)
Brent Crude Oil
48.43
Coffee "C"
117.15
Gold
1,820
Silver
23.505