Real estate property hotspots
San Juan del Sur
San Juan del Sur
San Juan del Sur is a small port town located on a crescent shaped bay on Nicaragua’s southern Pacific coast. What started as a low-key tourist destination has evolved in recent years to become a hub of real estate activity with investors attracted by the enticing coastline, pink sunsets and dramatic ocean views. Every time we visit there seem to be more real estate projects dotting the landscape catering to a range of investment goals.
Asking prices for lots, condos and houses in San Juan del Sur are consistently below the Reveal Real Estate average (see chart below). Promoters are right when they tout the area as catering to 'early-in' investors.
Infrastructure improvements continue to roll out. In the past few years, the town has been spruced up, painted and the traffic flow improved. The road past the main square now has a chain of beautiful street lights leading towards the beach. A new pedestrian bridge connects the north and south parts of town and a trench for a new water pipeline from Lake Cocibolca is being dug along the main road into town.
Getting to San Juan del Sur, Nicaragua
Following a spate of road work, you can now drive the 2 hours from Managua to San Juan del Sur without hitting a pothole. Local residents, hotel operators and developers heaved a sigh of relief as work started in on a particularly difficult patch of road after the turnoff from the Pan-American Highway. Although most visitors fly into Managua and drive south, others arrive across the border from Costa Rica’s Liberia’s international airport.
Write a review about real estate in San Juan del Sur
Have you visited San Juan del Sur? Have you invested in San Juan del Sur real estate? What do you think of the property prices? Do you own Nicaragua property? Share your experience with others by writing a review:
Overview of the Area
Real estate market information
Data relates to the period July to September 2009
Recent reviews
Learn from other investors
28.02.2010,
Marcy Jones
Were also noticing the new infrastructure improvements in the area such as the pedestrian bridge, improved malecon, and painting work. It can also be very hard to get a hotel room which is always a good sign.
Reviewer has visited the hotspot: Yes
Reviewer has invested in the hotspot: No
10.12.2008,
Henkel Smith
A common question these days is Are real estate developers in Nicaragua dropping their prices due to the global economy?. The answer is yes, in certain cases...and here is a quick update to let you know what is going on.
Over the past 5 years there has been an enormous influx of foreign investment in real estate development. We put together some helpful a Nicaragua Real Estate maps that you can view on our website www.realtornicaragua.com so you can see how many real estate developments have popped up along the southern Pacific coast. These are high resolution, and you can download them to print as a reference while doing your research. While many developers have surveyed their property in order to sell lots, the biggest differentiator you will find is the state of infrastructure that has been promised to buyers. The slowdown in the global economy has put some developers in a tight spot, specifically those who did not have their infrastructure installed and paid for before the slow down. This has forced some to lower their prices in an effort to maintain cash flow, and hopefully to complete the promised infrastructure. This brings up an important point. If you are looking to purchase within a development that still lacks infrastructure, and the pricing is being discounted because of this...make sure to consider how long it may take for that infrastructure to actually be delivered. Building your home, and seeing your equity increase will depend on infrastructure.
I hope this was helpful. We try our best to provide the most helpful Nicaragua real estate information and best options for vacation rentals in Nicaragua. Henkel Waters Edge Nicaragua Realty San Juan del Sur
Reviewer has visited the hotspot: Yes
Reviewer has invested in the hotspot: Yes
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International real estate
December 2008 – Road paves the way for progress on Belize peninsula
Work is progressing on several projects on the Belize peninsula of Placencia, long-touted as one of the Caribbean’s next hot spots. After years of delays, the government is finally paving the lone road that runs the length of the peninsula, home to one of the few stretches of white sandy beaches on the Belize mainland. Source: Kevin Brass, International Herald Tribune, Properties Blog
November 2008 – Panama Sept economic activity up 8.24 pct yr/y
Panama's economic activity increased by 8.24 percent in September compared with the same month a year earlier, the government said on Monday. Source: Reuters
November 2008 – Is Latin America really a property hotspot?
If ever there was a time to invest in an exotic home in Latin America, this is it - or so the sales pitch would have it. The region is being touted as the one most likely to emerge unscathed from the current economic turbulence, with luxury new developments aimed at foreign buyers in the most unlikely locations under the sun. Source: Susan Emmett, The Times
Latest articles
International real estate
Comparison shopping: An analysis of purchasing destinations for Nicaragua real estate
The Nicaragua real estate market is hard to generalize on a national level. It's made up of many micro or sub-markets. In this article we deep-dive into some of...