Baby Boomers in Central America
Central America and Mexico have long been retirement havens for people for Europe and North America. The benign climate and economical living conditions have been attractive. Costa Rica, because of its stability and good government have been a prime target. The real estate prices in Costa Rica got higher and higher. The retirees have been displaced by second home buyers. These people buy in expatriate enclaves which are normally gated communities with golf courses, private beaches or other amenities.
As Costa Rican prices have escalated the buyers have begun to focus more on Panama and Nicaragua. Panama has everything Costa Rica does at 1/3 of the price. The Panamanian government even guarantees the titles so no title Insurance is needed. Nicaragua is less expensive even than Panama. Some people worry about the Ortega regime coming to power. I think Ortega has learned that prosperity is the real beneficiary of all the people.
The vice president spoke to our “FECEPAC” real estate conference in February. He expressed the government’s intention to make Nicaragua an investor friendly environment. The biggest issue facing real estate buyers in Nicaragua is quality of title. The government has expressed its commitment to remedying that situation.
Do you have a desire to explore the mountains, hot springs, beaches and rain forests of Central America? The life-style there is fantastic. The people are warm and friendly. I can help. Contact me.
David Segrest is a REALTOR in Charlotte, NC
David S. Segrest, CIPS, CCIM, TRC, CEA
david@segrestrealty.com
http://www.segrestrealty.com
Serving the world in the Carolinas, Serving the Carolinas in the World
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