The real estate market here in Southern Nicaragua has been flaming hot the first half of 2021! With the reopening of the Costa Rica – Nicaraguan border, and improved travel options, we are seeing buyers from out of country (both foreign and Nicaraguan expats) snapping up finished properties and beautiful plots of raw land. It’s been a wild ride to say the least.
Here at Trinity Real Estate, we want to ensure you, our clients, are up-to-date on the market goings-on in the area.
We’ve created a short video for you with all the insider information you will need to help you decide if this is the right time to buy or sell.
Here are some key takeaways:
*19% increase in average price of sale
*44% increase in overall transactions
*A surge in demand for lots (in fact 50% of sales this year have been raw land!)
*Overall reduced availability of finished products on market
We are excited to see what the second half of 2021 brings. The anticipated return of more flights into the country in the coming months should bring further improvement to tourism which has been steadily increasing since January. This should translate into more activity in the Southern Nicaraguan real estate market.