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By the way, foreigners are not restricted from owning property in Nicaragua, as long as the property is not located within 5km of its borders.
During the implementation of "agrarian reforms" during the Sandinista regime in the 1980s, house properties and land were confiscated and re-distributed.
It already has 50 homes built and a new development with turn-key residences is under construction.
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When I was doing my own research about Nicaragua homes, I looked into some of the communities that are being developed along the coast.
Here are the ones that caught my eye: Rancho Santana As one of the first luxury gated communities, Rancho Santo is well established.
During that time, look for suitable homes in the region where you want to settle, and learn as much as you can about buying real estate in Nicaragua.
To get a feel for available properties for sale, the three websites highlighted in the previous section are good starting points.
Are you leaning towards buying rather than renting (even though renting is highly recommended when you first arrive in Nicaragua)?
There is a consensus amongst the experts that now is the time to invest in Nicaraguan real estate, before prices start to soar like in neighboring Costa Rica or Panama.I guess it goes without saying, rent before you buy.Most experts recommend a rental period of at least 6 months to a year.Even if you aren’t interested in that specific area, browsing their listings and professionally done photos is a joy.This site also offers learning centers for buyers and sellers, so it’s worthwhile to sign up for their newsletter.So legally you need to be extra careful before you finalize a real estate purchase.