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Boomer’s are Buzzing About Nicaragua’s Affordable Cost of Living and Stunning Natural Beauty

Scenic Beauty and Surfing Paradise

Many baby boomers are discovering the affordability and beauty of Nicaragua’s southern Pacific coast.

San Juan del Sur, Nicaragua- What was once a small fishing village is becoming a hot spot for to-be retirees looking to swoop up some of the best Pacific coast real estate deals in the western hemisphere. While surfers and backpackers have been exploring Nicaragua’s southern coastline for years, baby boomers are quickly becoming the largest demographic investing in this seaside paradise.
“With the prices of Costa Rica, Mexico and even Panama skyrocketing, many are recognizing that Nicaragua offers the greatest potential for growth in the Central American region. The country now ranks as the safest and most affordable nation in Latin America, and apparently the word is out because business is booming”, touts Sam Stewart, real estate broker in San Juan del Sur. “With the US economy slowdown we have seen a reduction in speculators coming down, but we are seeing an ever growing amount of retirees needing to find places to retire that they can actually afford. It’s really a double edged sword for us because with the current American economy we are seeing people with less capital for investment, but at the same time, the further they are needing the money they do have to go. Nicaragua now offers folks the most for their money- where they can still afford to retire in style!”

With an estimated 8 million boomers planning to move abroad over the next 5 years, and Nicaragua now ranking in the Top 5 of these foreign US retirement destinations, the country seems like a sure bet in terms of investment potential. After seeing property values grow exponentially over the last 10 years in places like Costa Rica, Nicaragua real estate offers investors an affordable safe haven, with the same natural beauty, friendly people, and vibrant culture that initially attracted investors to places like Costa Rica in the 90’s.

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This entry was posted on Monday, October 13th, 2008 at 11:03 am and is filed under Relocating, The Senior Network, Trends. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Thomas said at October 14th, 2008 at 4:07 pm

   All of Central America is booming.

   Best,

   Thomas
   http://www.realtyexecutivescentralamerica.com

2. cosmatology said at July 29th, 2010 at 12:49 pm

   Anyone have any updates on this? Need to know more.

3. Carey Christopherso said at October 11th, 2010 at 12:34 pm

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4. women's vacations said at October 27th, 2010 at 5:37 pm

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