Things have changed so much in respect to Nicaragua real estate since last year. The first and most obvious change is a significant decrease in demand. The second and slightly less obvious change is that there are so many great deals to choose from. I am in the middle of preparing to take some clients out tomorrow and I'm having to skip some places because there is just so much to choose from. I am able to show them a half dozen properties that suit their needs and all are 30-40% less expensive than what they are willing to pay. I know they will be very pleased.
The rains have started and now San Juan del Sur is becoming a vibrant collage of different shades and textures of green. The air is still generally hot and heavy but there is often an evening breeze to keep things cooler and bearable. The wet season is a beautiful time to be here. Actually the rainy season or wet season in Nicaragua is a bit of a misnomer. When it rains, it generally only rains for an hour or two and often the rains come at night. October is the exception to this rule. In October it can rain a lot.
In a few short weeks we will be heading back to Canada for a few months. Although we are visiting Canada in the heat of the summer it will still be cooler than May in Nicaragua. We will return to Nicaragua later in the year when the Nicaragua real estate season picks up some steam.
May 31, 2009
May 13, 2009
Real Estate Deals in San Juan del Sur
There are a number of excellent Nicaraguan real estate deals presenting themselves these days. The American and world-wide recession has been very punishing to people who bought who use too much leverage in their purchases, There more than a few house of cards that are set to tumble in the San Juan del Sur area. As sad as it is for those who got in over their heads, it now presnets as an excellent buying opportunity to the cautious investors.
I have recently listed 2 homes in San Juan del Sur that are up to 100K less than they were 18 months ago. Last year it was tough to find any finished homes under $200,000.00 and now I can easily fill a few days showing prospective clients a number of great options under $200,000.00.
The cost of building materials has also started to drop making the real estate market in the San Juan del Sur area even more compelling.
There are a few signs in the US and Europe that the markets are firming but I don't expect to see any appreciation in the cost of homes in Nicaragua until at least 2010.
rea
Check out Nicaragua Real Estate for more information or to contact me directly.
I have recently listed 2 homes in San Juan del Sur that are up to 100K less than they were 18 months ago. Last year it was tough to find any finished homes under $200,000.00 and now I can easily fill a few days showing prospective clients a number of great options under $200,000.00.
The cost of building materials has also started to drop making the real estate market in the San Juan del Sur area even more compelling.
There are a few signs in the US and Europe that the markets are firming but I don't expect to see any appreciation in the cost of homes in Nicaragua until at least 2010.
rea
Check out Nicaragua Real Estate for more information or to contact me directly.
NHL in Nicaragua
Last night, without making any prior arrangements, a group of Canadian ex-pats gradually began to congragate at Smokeys Sports Bar. Smokeys is located directly on the beach in San Juan del Sur, Nicaragua and has a massive projection screen for watching sports. Generally, the fare is limted to baseball, football, and basketball but last night was different. We Canadians knew that it might be the last time we could see a Canadian team play hockey this season. Sadly, the Vancouver Canucks were the only Canadian team left in the play offs and they were behind in the series 3-2. If the Canucks failed to defeat the Chicago Blackhawks they would be eliminated.
A good representation of Canadians gathered to cross their fingers and cheer for the Canucks. The Canadian guy who runs the hostel belonging to another Canadian guy was there. Another of my real estate collegues was there. The Canadian bartender from the Maritimes was there. And the young Canadian guy who promotes a real estate development on the way to Costa Rica was also there. We were joined by a handful of Canadian travellers.
What a game it was! We joined at the start of the second period and the score was 2-1 for the Hawks. The lead changed hands multiple times before the Hawks ended things with a 7-5 win. The game was great except for the ending and it was fun to think a group of Canadian, far from home, could watch NHL play-off hockey on a beach in Nicaragua while listening to the surf break.
A good representation of Canadians gathered to cross their fingers and cheer for the Canucks. The Canadian guy who runs the hostel belonging to another Canadian guy was there. Another of my real estate collegues was there. The Canadian bartender from the Maritimes was there. And the young Canadian guy who promotes a real estate development on the way to Costa Rica was also there. We were joined by a handful of Canadian travellers.
What a game it was! We joined at the start of the second period and the score was 2-1 for the Hawks. The lead changed hands multiple times before the Hawks ended things with a 7-5 win. The game was great except for the ending and it was fun to think a group of Canadian, far from home, could watch NHL play-off hockey on a beach in Nicaragua while listening to the surf break.
Subscribe to:
Posts (Atom)
