The pros and cons of residential tourism

Nicaragua and the rest of Central American countries are betting on this new type of tourism to attract significant tourism investment.

Wednesday, September 10, 2008

Even though he doesn't know it, Michael Altschul is a model "resident tourist." Like others before him, his recent retirement to Nicaragua meant building a house in a luxury development. But far from isolating himself to the private confines of the Gran Pacifica with its golf courses, hotel, restaurants, pools and other starred services, Altschul has taken up the task of improving the quality of life of the inhabitants of Villa del Carmen, the small rural settlement which surrounds his development.

One of the first visits he will receive at the spacious 2-storey villa he inaugurated on August 31 is from Surfers for Service, professional men and women - doctors, IT engineers, dentists - who dedicate a part of the year to work for up to two weeks in Nicaragua. Their mission is to clean water well, build water filtration systems for Villa del Carmen, rebuild schools, and to provide medical services and eye tests for children.

More on this topic

Reforms to Tourism Incentives Act in Nicaragua

October 2013

The current law provides a number of incentives for tourism but does not include some segments such as medical tourism and residential real estate for foreigners.

Two years ago the private sector promoted a law reform but it was not successful, which is why the Government is now taking up the issue again after an analysis of the current situation of the sector.

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