The Hacienda Iguana, which is located immediately on Playa Colorado in Tola, is home to two of Nicaragua’s top surf breaks, Colorado and Pangas Drops. A 9-hole golf course, various restaurants, condominium complexes overlooking the ocean and golf course, townhomes, and many single-family homes on the beach, along the river, and around the golf course are all part of the neighborhood.
Hacienda Iguana is a 30-minute drive northwest of Rivas. The first golf course on Nicaragua’s Pacific coast is located in this real estate development. At Hacienda Iguana, you may choose from beachfront lots, beachfront condos, golf course lots, golf course condos, holiday rentals, and commercial space, all of which are available at this one-of-a-kind development.
Nicaragua, Central America’s largest country, boasts lengthy Caribbean Sea and Pacific Ocean shores with kilometers of beaches. The nation is incredibly ecologically diversified, with a tropical temperature and topography that ranges from lush lowlands to tropical jungle, earning its moniker “the land of lakes and volcanoes”. Nicaragua was one of Central America’s best-kept secrets until recently, but that is no longer the case. CNN ranked the country as one of the “World’s Fastest-Growing Tourist Destinations in 2017.” Its burgeoning tourism industry attracted over 1.5 million visitors in 2017, and plans for a trans-continental canal to match Panama’s canal would give a substantial boost to economic growth if fulfilled.
There is plenty of positive news for those looking to invest in Nicaraguan real estate. Not only are costs low, but the market also appears to have a bright future. Furthermore, there are no prohibitions on foreigners holding real estate in Nicaragua, making it an attractive nation for real estate investment.
Economic Overview:
Nicaragua has a long agricultural heritage, and agriculture is still very much at the heart of the country’s economy. Agriculture is expected to account for up to 60% of the country’s exports, while the farming industry contributes for roughly 16% of GDP. A huge coffee-growing region is to the north of the central highlands, accounting for around two-thirds of the country’s total coffee harvest.
Cotton, bananas, and cassava are some of Nicaragua’s other traditional crops. Cassava is a sweet root crop that is mostly used to make tapioca pudding. Recent attempts have been undertaken to diversify the country’s agricultural product, with newcomers including peanut, melon, and sesame farms.
Mining is now one of Nicaragua’s fastest-growing sectors. It only accounts for around 1% of GDP, but with increased international interest and more modern mining processes, this figure is expected to rise in the future years. There is also a lot of lumber commerce, despite the fact that there are more and more regulations in place to safeguard rain forests.
According to the most recent Mercer rankings, Managua, the country’s capital, is the second cheapest city in Latin America for foreigners. Given its 194th position on our ranking of 209 world cities, Nicaragua’s capital is one of the least costly locations in the world to live.
Granada, approximately an hour’s drive from Managua, is known for its rich cultural legacy and beautiful natural settings, and it is routinely listed as one of the world’s greatest locations to live for foreigners on a shoestring budget.
How to invest in Nicaraguan realty as a foreigner:
Finding a professional Nicaragua real estate agent, as well as a trustworthy attorney, is a good place to start for foreigners interested in buying real estate in Nicaragua. Both of them are extremely necessary. A real estate agent can assist you in locating the ideal house. Furthermore, they can assist you in obtaining a decent offer. Because the legal procedure of purchasing real estate in Nicaragua can be complicated, a qualified attorney is required. For example, you’ll want to confirm that the seller has the legal authority to sell you the property you’re interested in. An attorney can also do a title search to ensure that the property is free of any legal issues.
The good news is that foreigners in Nicaragua can own nearly any type of property. While the state theoretically controls the first 200 meters of any coastline, they do lease out beachfront land on renewable 99-year leases, and development is permitted on everything save the first fifty meters.
Unlike much of Asia, including the Philippines, where foreigners’ right to own land is severely restricted, anybody can acquire land in Nicaragua, especially the lucrative agricultural land. One expat who has been here for a long time is developing sustainable mini-farms that foreigners may buy and live off the land. Foreigners are also allowed to own homes and other property across the country.
Nicaragua Real estate:
Because Nicaragua is still developing as a tourist and retirement destination, people retire early by taking advantage of the low real estate and rental rates. Ocean-view condominiums under $100,000 are still available, as are fully-furnished flats with all facilities and a short walk to the beach for $400 to $500 per month. If you want “more” of a home, don’t worry; expensive homes with a 240-degree view of the ocean are available for those with a larger budget. The fact is that you can easily build your ideal house and live your dream life in Nicaragua for less than one eighth of the expense of doing so in your native country.
About Hacienda Iguana:
Hacienda Iguana provides a difficult 9-hole golf course, terrific surf, luxurious beachfront accommodations, and a variety of activities in one of Nicaragua’s most gorgeous places.
Local restaurants, bars, supermarkets, clinics, schools, spas, gyms, and retailers meet any visitor’s needs without requiring them to leave this pedestrian-friendly area known as Hacienda Iguana, where driving is not required to get about. The golf course landscape preserves a natural environment further inland from the beach, and its stunning trees are responsible for keeping the
local fauna around all of the time: listen to the birds and monkeys on a daily basis, and enjoy all of the other activities and experiences the destination has to offer within a 10-minute walk.
Hacienda Iguana has 24-hour security, a 9-hole golf course, horseback riding, fishing, a spa, yoga, small stores, restaurants, and the worldwide famous breaks of Panga Drops, Lance’s Left, Colorado, and Los Perros! The Emerald Coast Airport is less than 10 minutes from the community’s gates, giving quick and simple access for the jet-setting populace!
This is a fantastic opportunity to stroll to the beach and enjoy the beach life you’ve always wanted.
