Is Nicaragua on the brink of a boom in property?

Foreign investors are looking to Nicaragua as property prices are half the price of neighbouring Costa Rica

Nowadays, Nicaragua is all the things that most people thought it wasn't; safe, affordable, peaceful, culturally diverse, environmentally stunning and all set for a property boom fuelled by foreign interest.

Like neighbour Costa Rica to the south, Nicaragua has both Pacific and Caribbean shorelines, a tropical climate and a wealth of natural phenomena from virgin beaches to living reefs and from volcanic chains to dense rainforests. 

However, Nicaragua's property prices are between 30 and 50% cheaper than Costa Rica's, a fact that has not gone unnoticed in North America.

Over recent years, due to ease of access with flying times from as little as two and a half hours direct, Nicaragua has started to woo the vast retirement and second home market from the USA and Canada. 

Developers have made a distinct shift towards turnkey luxury developments with sophisticated services such as first rate golf courses and Spas, but at affordable prices.

Gem Estates are currently offering the Seaside Mariana Spa & Golf Resort on the Pacific coastline, one hour's drive south of the capital Managua, covers 923 acres, and property-wise investors can choose from ocean view homes, condo apartments and golf villas as well as some unique hilltop residences plus homes overlooking the Tecolapa River.

The first phase is expected to complete by the end of 2010. Call 0800 036 0068 for more information.

Another option is Iguana Golf Condos, which has the twin pleasures of nestling right on the golf course, while looking out over one of the best beaches in the country.

If you're feeling adventurous, you can test your surfing skills on one of two different world class breaks. Sit back and watch the sea turtles nesting if this sounds a little like hard work…

The project is a small condominium community in a beach-oriented development, with three buildings each of 10 units. All buildings have views of the golf course and good access to the magnificent beach.

For a choice of land, condos and villas in this exciting new market, visit: