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Retire to Affordable Nicaragua
Nicaragua real estate is suddenly on the radar of many baby boomers. As retirement looms, folks are starting to look for desirable and affordable places to retire. Nicaragua combines beauty and tranquility with affordability like no other retirement destination. Once riddled with civil unrest, Nicaragua has transformed itself into a wonderful place to relax and enjoy life.
It’s no secret that Nicaragua is one of the most reasonably priced places to live in the western hemisphere. Food prices for basic vegetables and fruits are one quarter to one fifth the cost of those same items offered in North American cities. The cost of dairy and meat is less than half. Delicious fresh fish costs a fraction of the price. Recently issued figures suggest the cost of living in Nicaragua is 70% less than the cost of living in North American cities.
Every part of Nicaragua has something different to offer a retired couple looking for authentic Central American culture. Everywhere in Nicaragua you will find the same slowed down pace of life. You will have time to enjoy a beautiful ocean sunset, wander through Colonial towns, go for a walk on the beach, enjoy a book in a hammock, or visit with locals and other expatriats.
Planning for the weather becomes much less of an issue when you live in Central America. The weather is warm all year round, and there are just two distinct seasons – the warm dry season, and the warm wet season. The other notable weather pattern are the almost year round offshore winds, which help to keep the heat in the dryer hotter coastal towns at bay. If you prefer a more temperate climate, you may want to consider the central and northern mountains, where the cooler wetter climate at altitude creates the perfect environment for world class coffee farms.
It has only been quite recently that the already value priced Nicaragua became even more attractive, as world economic conditions led to a slow down in almost every real estate market. Nicaragua had recently enjoyed a mini real estate boom, but still managed to remain relatively inexpensive compared to other Central American investment and retirement locations. Now with the economic slowdown, a number of previously unavailable opportunities are presenting themselves. For example, a North American style vacation home with ocean views can be found for under $200,000, whereas the equivalent property may sell for two to three times that amount in Costa Rica.
Give some thought to Nicaragua as a retirement destination. The beauty of the land and the friendliness of the people are sure to capture your heart. Above all else you can afford to buy in Nicaragua but perhaps not for long. Investigate the opportunities of Nicaragua real estate and see for yourself.
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