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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment