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Recent years have seen a strong upswing in green real estate investing and developing in Nicaragua. This is in part a reaction to market demand, part a growing understanding of how being green can result in enhanced asset value, and also a response to environmental regulations mandated by MARENA, Nicaragua's environmental agency.
Over 18% of the Nicaragua real estate developments we surveyed have publicly available information on their social and environmental actions – the highest of the countries in our sample.
The percentage for Costa Rica may be underreported as there is much 'silent' environmental action being undertaken in what is now a mature destination for eco-tourism and green real estate. Our survey in 2009 will take steps to capture this silent activity more fully in all countries.
The developments highlighted in Nicaragua cover different degrees of social and environmental performance. Most focus on biodiversity and social responsibility as a starting point. Renewable energy, green building and water & waste management are examples of 'darker green' thinking. For more information on the criteria used, please see notes to the data.

Owners and developers, if our survey missed any social and environmental action steps that you have taken, please contact us with the details.
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