Nicaragua Travel Retirement Investment Haven Is For Real.

North American investors, tourists and retirees are moving and visiting Nicaragua to take advantage of opportunities.

Not only will you not be surprised to discover that people are not living in the jungle, but he soon joined the stream of North American and European citizens who are moving here and turning Nicaragua into the most exciting tourist destination, retirement and investment hot spot in Central America.

GROWTH SPURT
The growth of tourist travel is up over 150% and still climbing in this years high season of tourist travel to Nicaragua. The largest reason is to explore Nicaragua’s investment growth at an all time high. Many projects have already sold most or all of their lots in the pre-construction stage, with little more than a web page, a land title and a promise. And many investors say they came to Nicaragua for the first time to ”look around”  but wound up purchasing land. But caution of web site promises. ” Do your research of the background and details of progress. Many have sold you a future dream that will never come through.”

But there are some that are more than  real

The largest and to be THE DESTINATION STOP of Nicaragua,  an hours drive from the capital of Managua is the massive Gran Pacífica development, which at $55 million is the largest investment project in Nicaragua. Gran Pacifica Resort is debt free and owns with clear title over 3.5 miles (6 km) of beach frontage on the Pacific Coast of Nicaragua, 42 miles (67 km) west of the capital city of Managua. The property includes 2,276 acres of rangeland with an average depth of 1.1 miles (1,800 m). To date over $9M have been invested in land, architectural designs, permits, civil engineering work and infrastructure. In addition to the contribution of approximately 270 acres of the land.

The project, which will  eventually house a five-star hotel and luxury residential community of 2,000 homes, broke ground recently on what will be a championship quality designed  18-hole golf course. Maybe a future tournament destination of a  PGA GOLF TOUR ?

Tommy Haugen, President of T L Haugen Design, Inc. is president of PGA. His firm sculpted 18 holes of superb resort golf on which 4 out of 18 holes play to, on, or away from the ocean for unparalleled ocean play in the region. There will be four sets of tees (plus seniors) and dark volcanic sand bunkers throughout. Golfers will enjoy grand vistas and the golf will offer a tremendous amount of variety and excitement. Additional plans are in the works for as much as 45 total holes as part of the Gran Pacifica Master Plan including 9 more resort course holes and an additional 18 holes of championship golf.

Initially a total of 10,000 sq. ft. of public facilities associated with the course will be built including a pro shop, restaurant, locker rooms, pool and grill/pub. An exceptional practice facility with actual greens that can play as a short course and serve as the centerpiece of a state of the art Learning Center will be added once the demand exists.

MISSED OUT EARLIER
Terry and Angelica Martin, of Newport Beach, Calif., recently bought a lot at Gran Pacífica, saying they had missed a window of opportunity in Costa Rica 15 years ago. Costa Rica has since become a stable and prized retirement and investment site, although prices there have risen in recent years.

Their new friends and future neighbors at Gran Pacífica, Kent and Denise Payne from Oklahoma City, bought a lot on their fourth day in the country. They started construction on Jan. 13.

”It’s cheaper for us to build here than . . . Oklahoma,” said Kent Payne. ”And this isn’t Oklahoma; this is paradise,” added his wife, while taking in the sun on the beach.

CANADA SUPPORTS NICARAGUA GROWTH
Development International Desjardins, one of Canada’s biggest financial institutions (with more than 90 billion dollars in assets), decided to invest in Central America for the first time and became business partner with the Nicaraguan micro financial institution Findesa, together with Holland’s Hivos Triodos Fonds Bank and Interamerican Development Bank (IDB). 

Findesa received 1.5 million dollars from the three financial institutions. These funds will help diversify Finesse’s loans which represent more than 250 million cordobas (U$ 16 million dollars approx.).

SAFEST CITY
Rougher edges doesn’t necessarily mean dangerous. One of the biggest misconceptions about Nicaragua is that it is unsafe. Statistically it’s one of the safest countries in Latin America, with a lower homicide rate than neighboring Costa Rica or El Salvador or Honduras. Managua ranks as the safest capital city in Latin America, with 2.3 intentional homicides for every 100,000 people, according to statistics collected by INCAE, Harvard’s Business School affiliate in Central America.

While Nicaragua still doesn’t have the name recognition of Costa Rica among retirees and investors, some who come to visit are discovering that this is what they had in mind.  Nor does the change of government is doubted to stifle the economic and tourist growth that Nicaragua has been gain the last few years due to the largely higher priced Costa Rica market. Mr. Ortega will steer the course of infrastructure growth for an even stronger Nicaragua growth and culture and welcome foreign investment showing confidence in his many new Sandinista elected officials. I believe it will make the country grow at even a greater rate than the last 6 years.

RICA NICA NICARAGUA is also proud to support charities and foundations to improve the quality of life of Nicaragua.
What We Contribute Is Important As We Benefit.   If you are a church or club organization seeking information and contacts to work with in Nicaragua to ensure your donation needs reach the needy. Education, health, infrastructures are all still growing and need our proud Canadian Culture of giving people, please contact Barry Dufresne, president@stealthfinancial.com