Granada is on the shores of one of the world’s largest lakes, meaning swimming and boating opportunities on your doorstep. You could even purchase your own private lake island, and Nicaragua’s Pacific beaches are less than two hours away.
Thinking long haul and putting this country into perspective, Nicaragua boasts a product that will always be in demand: Pacific coastal real estate reminiscent of the best of southern California. Right now, values along this country’s long and dramatically beautiful Pacific coastline are down 40% and 50% from their peaks, and developers are uncharacteristically open to offers. It’s possible to buy in a full-amenity development for as little as $30,000, sometimes even with developer financing. In Granada, Nicaragua’s other key expat and investor market, it’s possible today to buy one of the small Spanish-colonial houses the city is famous for for as little as $40,000 or $50,000.
On the Northern shore of Lake Nicaragua lies Granada, one of the oldest and most historic Spanish colonial towns in Central America. Warm weather and affordable living makes the city a magnet for expatriates, who enjoy the fact that health care and insurance costs are about one-fifth what you’d pay in the U.S. Public transportation is inexpensive and reliable and the political climate has been stable for decades. Once lagging infrastructure has also been upgraded, so it’s an easy drive to the capital of Managua, where you can get to the international airport or the touted Vivian Pellas Medical Center — a top choice for residents and expatriates alike.
Nicaragua is The Best Place to retire in Central America and one of the top places to retire in the whole World.
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