Yes, as long as you have a valid passport you can buy property in Nicaragua. You have the same rights to own property as naturalized Nicaraguans.
Yes, you do. We highly recommend finding an experienced and knowledgeable real estate transactional attorney who is reputable and practices in the area where you are purchasing the property. You will need the support of your attorney in the due diligence, closing documents, and the process of registering the property in your name.
The requirements to register are a Topographic Plan and Cadastral Certificate authorized and approved by the Physical Cadastre; Municipal Solvency (Real Estate Tax) that is requested at the corresponding Municipal Mayor's Office; Cadastral Appraisal Certificate and proof of payment of the Real Estate Transfer Tax, issued by the General Directorate of Revenue.
Most transactions are made in cash payments. However, in some cases, we can find short-term financing options from sellers, and the conditions will vary with each transaction. Normally, the down payment is 30% and 50% of the sale price with maximum payment terms of 2 years with monthly payments. In Nicaragua, some banks are offering the opportunity of financing to foreigners with a prior study, but the down payments are a little higher and the mortgage terms are approximately 10 years.
Annual property taxes of 0.8% are paid on the assessed value of your property to the local municipality.
There are many factors to consider when estimating build costs. For budget purposes, we suggest a range from US$95 - US$140 per square foot.
No, not if you leave a power of attorney in place. You can get a POA in Nicaragua or it can be done outside Nicaragua.
There are 3 ways to become a resident. These are the basics. We recommend talking to a reputable lawyer for more in-depth information about becoming a resident of Nicaragua:
Nicaragua is one of the safest countries in Central America, and San Juan del Sur and Tola are one of the safest places in Nicaragua. Crime is very low in Nicaragua and people are very friendly. The main problem we have seen is with petty theft, so don’t leave your camera, cash, or other valuables on the beach while you take a dip in the ocean. Just use common sense and you will be ok.
There are two seasons on the Pacific coast of Nicaragua. The dry season is from December to April and the rainy season is from May to November. In the dry season, it rarely rains in Nicaragua, and in the rainy season, it will rain for a portion of most days. October is by far the wettest month in Nicaragua. The average yearly temperature on the Pacific coast of Nicaragua is 81° F (27° C) with an average rainfall of 75 inches annually.
From San Juan del Sur LIR (Liberia, Costa Rica) and MGA (Managua). More people are flying to Costa Rica and arriving in Nicaragua via the land border. The time from Liberia is about 3 hours, depending on the time at the border crossing. The time from Managua is approximately 2.5 hours.
From the Tola area ECI (Emerald Coast International)
Contact us in advance, we can sort you out with a private transfer car or SUV.
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