Located in the heart of Central America, Nicaragua is an extraordinary country with its magnificent Pacific coastline, spectacular lakes, towering volcanoes, friendly people, and legendary towns filled with cultural richness. For years now it has had a bad reputation, with rumors such as it is a communist regime or that is enduring a civil war, both of which are false. On the contrary, it is one of the most beautiful countries in Central America that unfortunately has suffered from some bad press; however it is this bad press that makes Nicaragua attractive to foreign investors, especially retirees.
Because most of the world still believes Nicaragua is a country full of problems and political unrest, local real estate is undervalued making it the perfect spot to buy up some land and develop it for retirement. Prices are on the rise; therefore property bought and developed now could potentially be worth five times as much in the coming years based on projected growth rates for the country. This combined with the extremely low cost of living and the incentives in place by the pensionado program for retirees make Nicaragua an excellent option for retirement financially.
The government is democratically elected and committed to both a free market economy and attracting foreign investors. Nicaragua is currently reorganizing its government and is continuing to stabilize politically. According to recent surveys, Nicaragua is the safest country in Central America and one of the safest countries in the world with its crime rate being much lower than that in the US.
Can’t give up your cell phone and email? Not to worry, you will not have to sacrifice any comforts living in Nicaragua. It may be a little rough around the edges, but the quality of life is one of the highest in Central America with virtually all of its foreign residents living a higher standard of living than their previous home country.
The climate in Nicaragua is predominately tropical with warm and humid days most of the year. However during the winter, days become milder and can be very enjoyable as well. Although all of these factors are attractive to foreigners contemplating their retirement destination, the most attractive aspect about Nicaragua is the people. The locals are friendly and welcome foreigners. They greet people with warm smiles and assist them in anything they need. The culture is fun and the country is beautiful and the locals are there to show you everything Nicaragua has to offer.