If I want to buy land, move to, and settle down in Nicaragua. I'm leaning toward San Juan del Sur, or someplace similar to it. what are the negative and/or positive effects?
2006-11-10 09:43:14 · 5 answers · asked by stateofwoo 5 in Travel ➔ Latin America ➔ Other - Latin America
This is an interesting question - I've read a few articles on the topic over the last week. Some of the best were...
http://www.internationalliving.com/nicaragua/free/11-11-06.html and http://www.miami.com/mld/miamiherald/news/15965776.htm .
Basically, no one knows the answer. It is expected to depress real estate values in the near term - some big real estate projects might not get off the ground. But in the long term it shouldn't have a lasting effect because Ortega is not the same radical that he was 20 years ago - he is a business man who would benefit from the improving economy/real estate market.
2006-11-13 03:50:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Go to Nicaragua and buy the land! San Juan SHOULD go down in price, the reason is b/c Daniel is the elected president, so land prices should go down. But the prices will rise once people cool down about the entire thing. I am buying like crazy, and if I get the chance to buy more, then I will buy much more! Furthermore, there are insurance companies (LOOK THEM UP) which insure your LAND in risky countries such as Nicaragua, it might be expensive but it’s a great way to hedge.
So, come on over and invest. Find a great peace of land, and buy it. In 2 years or so, you will be glad.
Then again, like any other investment, there are NO guarantees. But the higher the risk the higher the return… Come on, its all about the risk/tradeoff return.
Good luck!
2006-11-10 10:03:11 · answer #2 · answered by r_chamorro100 1 · 0⤊ 1⤋
I was thinking about buying land in Nicaragua but now I'll just wait and see. I don't want to invest money in land now and wake up one day and find out that it is not mine anymore. Some of the people telling you to buy land are either real estate agents doing business in Nicaragua or land owners.
2006-11-11 13:25:18 · answer #3 · answered by Anonymous · 1⤊ 1⤋
Right now, nothing. Ortega does have hostility towards the US though.
2006-11-11 13:06:36 · answer #4 · answered by Mariposa 7 · 0⤊ 1⤋
my parents are from Nicaragua and they said it will affect people cause of the Sandinista who are people who kill other people if I were you I would stay here because they will do something real bad i know it that's why my parents here in the u.s.
2006-11-10 09:54:19 · answer #5 · answered by eric 1 · 1⤊ 1⤋