Survivor Comes to Nicaragua

There has been a lot of talk lately about the popular TV Show, Survivor, currently filming 2 seasons near San Juan del Sur, Nicaragua. The 21st season is already highly acclaimed by Survivor's creator, Jeff Probst. He describes Nicaragua as "...a land of impenetrable terrain, smoking volcanoes and savage wildlife." While I have personally have never run into any "savage wildlife" in my daily life, I do agree with Probst that the series will "star a brand new set of survivors" - Nicaragua being one of them.

Speculation about Nicaragua being thrust into the limelight during the 21st and 22nd seasons is probably quite accurate, as previous promotion in countries like Belize and Honduras resulted in an influx in real estate investors and higher prices, due to the countries' increased international profiles and increased demand for property.

"Pre-Survivor" prices are still here today, but that will likely change as soon as the hit show broadcasts simultaneously in many countries world wide. Survivor is franchised in over 50 countries.

I personally am very excited for Survivor Nicaragua not because of any direct impact on real estate, but because of the positive exposure of a largely misunderstood nation. Hopefully Survivor will show an accurate portrayal of the beauty and friendliness of Nicaragua.

For anyone interested in checking out Nicaragua prior to the Survivor Season airing later this year, please please be wary of real estate offices or property sellers pressuring too much or artificially increasing prices today. There are still many great deals out there in Nicaragua, and organic appreciation in the values of land prices will come slowly and steadily as the truth about the optimal conditions in Nicaragua reach more mainstream markets.

SURVIVOR NICARAGUA PREVIEW ON YOUTUBE

Wall Street Journal Great Reviews of Granada, Nicaragua

Nicaragua for years has been on top of various travel agencies' Top Destination lists, but you know you've made it when the acclaimed Wall Street Journal offers accolades to Nicaragua as an enjoyable tourist destination.

Reporter Nicholas Casey recently spent some time down in Granada, Nicaragua, the oldest European city in North America, and had a lot of good things to say about the colonial city, Lake Nicaragua's isletas, ecotourism in the area and the gastronomy of Nicaragua.

Read the full article here.

Nicaragua Ranked in Top 5 Latin American Real Estate Destinations

Congratulations Nicaragua on making the Top 5 Latin American Real Estate Destinations, even ahead of Costa Rica!

NuWire Investor recently published its rankings of the Top 5 locations for real estate investment in Latin America. In its analysis, NuWire considered a combination of geographic, economic and political factors; real estate values and rental rates; possibility of natural disasters; cost of living; growth in tourism and other industries; job markets and crime.

The governing parties of many Latin American countries have been historically considered volatile and corrupt, which has discouraged foreign investment in certain areas. As a result, many markets are still in their infancy and NuWire has carefully examined which governments have put forth a sincere effort to change this and attract foreign capital through legitimate means. Peru has, for example, increased its protective measures for private investors and eliminated all restrictions on money transfers in or out of the country. Brazil has a wealth of natural resources and has initiated several programs over the last decade to attract investors to the Northeastern coastal areas. Each country's market has its own unique strengths and every investor can find something of interest in these vibrant markets.

The Top 5 Latin American Real Estate Markets are:

1. Chile

2. Brazil

3. Uruguay

4. Peru

5. Nicaragua

To view the full article, click here.

NuWire Investor provides investment news on a range of alternative investment topics, such as U.S. and international real estate, tax liens and deeds, lending, franchising and others. For more information, and to access additional analysis, research, commentary and expert interviews, see www.NuWireInvestor.com.

Here is the text from the Article:

5. Nicaragua

Although Nicaragua is known for its history of political instability and conflict, the previously war-torn nation is desperately trying to attract foreign investment. Government incentives have made Nicaragua real estate appealing to investors, as Nicaragua’s attractions continue to draw more tourists and expatriates.

Nicaragua could become an ideal retirement and vacation destination for millions“Because Nicaragua has historically been overlooked by travelers and real estate investors [in comparison] to Costa Rica, Panama, and Mexico, prices have remained extremely affordable,” Henkel Smith, president of Water’s Edge International Realty, said. “Nicaragua's real estate market is definitely still in its infancy, but we see things changing as the number of foreign visitors and investors continue to buy up properties.”
The country has an abundance of natural resources , beautiful landscapes and a government that claims to be welcoming towards foreign investment and tourism. Assuming the government’s expressed attitude towards foreign investment is genuine, Nicaragua appears to be an investor's dream, offering an ideal retirement and vacation destination for millions of people, especially Americans and Europeans.

On the other hand, some investors might find Nicaragua’s political structure to be intimidating; those who perceive President Daniel Ortega ’s position of power as threatening have been discouraged from entering the market. Nevertheless, optimistic investors believe that Ortega’s personal investment in business and tourism projects around the country are a sign that he plans to take a different path this time in office, and that the President is now trying to make amends for his violent past as a young Sandinista revolutionary.

Nicaragua’s investment hotspots are Granada, a colonial town on the bank of Lake Nicaragua, and San Juan Del Sur, a booming fishing village located on the Pacific Ocean just north of Costa Rica. Although a profusion of new developments are happening along the Pacific coast, most of the country awaits significant advancements in Nicaragua infrastructure, providing investors with opportunities to buy property in almost any price range.



Author Information

Marie Langhout
NuWire, Inc.

Costa Rica, Panama and Nicaragua Top List of Latin American Real Estate Investment Destinations

RealtyGuide.com ranks Costa Rica, Nicaragua and Panama as the top purchasing destinations for property in Central America.

I specialize in selling and finding property in these specific areas, in addition to Costa Rica's Central Valley for commercial real estate investors and the north west coast of Nicaragua.

2) San Juan del Sur, Nicaragua - This small fishing town is firmly on the radar for real estate investors. San Juan sits in a beautiful horseshoe bay with a perfect sunset orientation.San Juan del Sur is developed considerable over the past years. From a sleepy little fishing village to the most important tourism destination on the coast. Infrastucture improvements including road resurfacing, a port upgrade and a new pedestrian walkway have followed.

4) Guancacaste, Costa Rica - This area took off with the building of the Liberia international airport. Some of the worlds biggest hospitality brand names have set up shop including the Four Seasons. The area did experience a slowdown during 2008 following the global economic collapse but has since come back strongly.

5) Central Coast, Nicaragua - This area of Nicaragua’s coastline is under 1hr from the capital city, Managua and is emerging as the country’s most important golfing area.Golfing greats Jack Nicklaus and Mike Young are designing golf courses in the area and the first 9 holes of a third championship course are complete.Blue waters, crashing surf and secluded coves are the attractions here.

First Visit to Isla Ometepe

With nearly 5 years of working and living in Nicaragua, I was finally blessed with the opportunity to visit the twin volcanoes (Maderas and Concepción) of the Island of Ometepe in Lake Nicaragua. I am now a "believer" in a beauty of Ometepe and a huge fan. My opinion is that everyone who is planning a trip to Nicaragua should make sure to stop here for at least 2 days en route to their next destination.

On Ometepe there are many activities if you have the energy to do anything besides lay in a hammock and gaze out over the green jungle canopy and infinite lake, or "fresh water sea" as the Spanish conquistadors called it. Ometepe is such a serene and magical place, it is easy to see how it remained peaceful and basically neutral during the Sandinista Revolution.

I traveled with some clients and a real estate developer and consultant named Mark Sullivan from Pro Nicaragua Development and El Camino del Sol development and yoga retreat center just outside of San Juan del Sur. We only had 2 days to spend on the island and decided to climb Volcán Maderas - a 5 kilometer vertical hike up and down, but well worth it. Since we went in rainy season, the hike took about 8 hours total due to mud and rain, but it was still fun and exhilarating. The view from different spots in the ascent is better than from the top, which is typically cloudy, but there is also the opportunity to descend into the crater and swim in this volcanic lake. Quite a surreal experience.



After all the hiking and exploring, visitors work up quite an appetite and there are a few authentic, local restaurants to choose from selling fresh, locally sourced food. My personal favorite was a place called "Natural" - a vegetarian restaurant right on the beach in Santo Domingo on the road to Balgue. The charismatic owner is from Managua but has been living on Ometepe for years. My clients and I enjoyed veggie stir fry, curry and pineapple-watermelon rum drinks - all homemade and with a fantastic ambiance and view of the beach and lake.





Real Estate on Ometepe: This island is so paradisiacal, anyone would wonder how to own a piece of this green gold. I may sell real estate, but I also like to buy as much as possible! There are no real estate offices on Ometepe that I have seen, but there are a lot of national brokers on the internet selling property. I would advise that anyone looking for property contact a trusted, referred real estate broker in Nicaragua to assist in an Ometepe property search and confirm that the titles and deeds of any potential properties are clean and clear. Even if you want to buy directly from a property owner and without buyer representation (although I do not recommend this for multiple reasons), make sure you use a trusted lawyer (oxymoron?) for reliable guidance and candidness throughout every step of the transaction. The secret is out, however, as hotel developers have quickly started to stake their claims throughout the island's coastline and the new pavered roads will help to catapult ecotourism over the upcoming years.

In my opinion, Ometepe is the perfect place for any sort of sustainable development project, retirement home, health and wellness retreat center location or farm. Despite relying a bit on deliveries from the main land, almost anything grows on Ometepe and residents rarely like to leave the island.

For those on a budget or interested in mid-long term volunteer work opportunities, there are quite a few organic farms looking for any sort of help:

Ometepe Zopilote: http://www.ometepezopilote.com/

Project Bonafide http://projectbonafide.blogspot.com/
Finca Magdalena: http://www.fincamagdalena.com/

Casa Campestre: http://ometepe.moonfruit.com/
Hotel Finca del Sol: http://www.vianica.com/hotels/306/hotel-finca-del-sol

Getting There and Away - Island of Ometepe:

Ferries leave regularly from a port east of Rivas to the main port on Ometepe called Moyogalpa. There is food and lodging here and it is a good place to stay the night before you leave on a morning ferry for the mainland. It is also a good base if you want to climb Concepción (1,610 meters alt).

Ferry passage is only 60 cordobas each way (about $3) for pedestrians while cars have to pay up to $30+ each way in taxes. There are gas stations on the island as well. I brought my car and it made the journey quite relaxing without having to worry about transportation. Enjoy a cold Toña or Victoria on the pleasurable 1 hour ride across the lake!

Peace, Love and the Economic Crisis: NiCaribbean Style

When most people think of "Nicaragua", visions of volcanos, wide open spaces, a tumultuous history and lots of farm animals probably come to mind. Perhaps travelers are also starting to become aware of historical sites such as Granada and León, and Pacific beach resort towns such as San Juan del Sur and Popoyo.

Despite Nicaragua's burst onto the scene as one of the top global travel destinations, the most well known locales are not always the most authentic. Although Nicaragua boasts a rich national history, there is one aspect of the country's geography that has been consistently separated from traditional Nicaragua and its Spanish influence. And with good reason. East of Managua, roads quickly become scarce and unmaintained. The over 500 kilometers of Caribbean Coastline which make up Nicaragua's Mosquito Indian Province are separated by the largest rainforest in the New World after the Amazon Basin. Sadly, the indigenous residents of these formerly Dutch and British colonies suffered the brunt of brutality during the country's civil war, but are a peaceful people who, while still struggling economically, have colorful customs and a unique culture compared to the rest of Nicaragua.

Regardless of the fact that we are in 2009, Caribbean Nicaragua is still largely unexplored and greatly inaccessible. The thick jungles and rivers of this area can only be accessed by foot or boat in many places. To reach the most populated provincial town of Bluefields in the southwest, the only way by land is through tedious hours on buses and boats... Luckily, today there are regional flights from Managua that convert this formerly 12 hour journey into a semi-luxurious 50 minutes of viewing Amazonian-like terrain below while sipping on Rojito soda, compliments of La Costeña operated by Taca Airlines.

Upon arrival to Bluefields, the next logical step is to connect through to Big Corn Island, just another puddle jump east into the clear blue waters of the Caribbean Sea. Big and Little Corn Islands are the center of Caribbean Nicaragua tourism, although the footprint of the Gringo is still not so obvious. This is reflected in the low crime rate, low prices for food and hotels and low technology in getting from Big Corn to Little Corn (at least the boats have life jackets).



LOW VOLUME OF WESTERN TOURISTS + 2ND POOREST COUNTRY IN LATIN AMERICA = CHEAP TROPICAL VACATION



So let's say you make it from the US to Managua to a rogue Caribbean island all in one day, which is quite possible with the frequent flight table. What is there to do in the middle of nowhere, you might be wondering? Plenty, if world class fishing, diving, snorkeling, relaxing and feasting on fresh lobster appeals to you. Sound expensive? It's not, unless you're looking to actually BUY an island. In fact, Little Corn was recently ranked one of the best global travel destinations during the current economic crisis on MarkerMap.com.

I have traveled to Little Corn Island a few times now since living in Nicaragua, for work and play and I can never wait to go back. This past trip I stayed at a place called Farm, Peace & Love on the less traveled North side of the island. When I say "less traveled", I mean that most of the accommodations are located on the West side, although you can walk around the island in a matter of a couple hours. There are no cars on Little Corn. Although there are roads on Big Corn, I prefer to get from point A to point B in a golf cart. It's all a matter of personal preference. Anyway, if you like B&Bs, organic food, privacy and friendly hosts, FarmPeaceLove may be for you. (Disclaimer: Power is from a generator on Little Corn, so it is not reliable and cold water showers are the norm).

A few things I love about Little Corn Island:

~Crystal Clear and Calm Water

~Amazing Sunsets

~White Sand Beaches

~Huge Variety of Dive Spots
~Perfect for Snorkeling, or Fishing, or Reading, or doing Nothing...
~Hiking Around w/o Seeing Another Person

~Coconut Bread

~Cacao Bread
~Organic Coconut Oil

~Lobster for $12/plate
~No Cars (there is a sidewalk around the Town side)
~Nice People

~No Crime
~No Phone Reception (unless you really look hard for a signal)
~Perfect Place to Relax
~Ridiculously Perfect for a Honeymoon or Romantic Getaway
~Everyone Speaks English (for those of you still working on your Spanish)
~Huge Variety of Tropical Plants, Birds and Flowers


During my first trip to Little Corn I tried to do some sort of activity every day and dive multiple times, but on my last trip I felt content simply strolling around the coquina sand beaches, reading and swimming in the clear, blue water. The Corn Islands are not for surfers, but I think surfers can still appreciate the beauty of this place and it's great to recuperate from a long surf trip on the Pacific side. They are also not really a place for night life and partying, although Big Corn offers substantially more ambiance (Arenas Beach is a good pick for this with a more lively and all-inclusive feel, complete with shipwreck beach bar). Despite the Hostel subculture on Little Corn and Big Corn's annual Carnaval, life on the islands is quiet and relaxed. Hopefully visitors in the future will respect that as much as people do now.

REAL ESTATE IN THE CORN ISLANDS


Land is still quite undervalued in the Corn Islands, and free, clean and clear property is available through the right contacts. In contrast to the rest of the country, this market is still fairly under-explored and has untapped potential, but some sustainable development is currently in planning phases on Big Corn. It's actually quite amazing to be able to buy ocean view or beach front property here that is at a fraction of a fraction of the cost of The Bahamas, British Virgin Islands and even Roatan in Honduras, which has undergone triple digit price increases in the past few years.Please contact me with any specific questions on buying property in this province.

While the Corn Islands are only a very small speck in the Atlantic Province of Nicaragua, they are a must-visit for anyone who wants to see a different side of the country's culture.

For more info on travel and accommodations to the Corn Islands, please see this helpful website: http://www.bigcornisland.com/.

So is the market down now in Nicaragua?...

...No, it's not. As the mass economic hysteria continues in the US of A (you would think this was our country's 1st period in history of slow market growth!?), life as usual continues in tranquilo countries like Nicaragua.

In what may seem like and ironical twist, we have seen business actually increase noticeably in recent weeks. Why-you might ask?

The answer is simple (here it is from an ethnocentric perspective): When the market is good, people have extra cash and confidence to "take risk" and invest overseas. When the market is bad, smart investors continue to invest overseas and people who are now scared to invest domestically look for more tangible investment opportunities in growing markets.

The bonus: Now you can do the same, even if you're cash strapped. Marketwatch.com today overviews a few new programs to encourage lending in Central American, developing countries.

I'm a very patriotic person, but I also can't help but find some amusement in the fact that it may be easier for one of us "gringos" to get a loan in Latin America than it is in the US right now.

Instead of expending negative energy complaining about your fund manager who just flew the coop making off with the last 10 years of your bond earnings, maybe look south of the border to make up some of that lost ROI?

You could be staring at a palm tree instead of a red balance sheet...