Politics and Property Values

Politics and Property Values
How quickly a little bit of turmoil can defeat years of good government and transparancy will be demonstrated by the current situation in Nicaragua. For 15 years democracy and transparency have made steady progress in improving the real estate environment. I erroneously saw hopeful signs in Ortega’s election. He won a free and fair election and he and his administration vowed to clean up a lot of the issues that had been plaguing the real estate industry there. They were especially going to concentrate on title issues.
Now the new election for mayors comes and we see that he intends to be a standard latin strongman. In 1979 the Sandanistas replaced a dictator by force. In 2008 Ortega is behaving like a dictator himself. When he was elected, he promised he had changed. I don’t think anyone expected his change to be becoming what he had fought against for most of his life. I am sorely disappointed.
The results of this situation are yet to be seen in the real estate market. Our present economic climate will possibly used as an excuse for falling prices and slumping markets. It is really sad that a country like Nicaragua that was showing so much hope is sliding back into caos.

David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com

Let’s Go To Nicaragua

Let’s Go To Nicaragua
Beginning October 6th we will be doing a CIPS institute in Nicaragua. It is sponsored by Del Pacifica. It is going to be a lot of fun and a lot of good networking. Anyone who has any interest at all in the 2nd Home market or the Caribbean area and who does not yet have their CIPS designation should be there.
The prices will be at a slight discount. Taken individually the theatre classes will be $225 and Finance will be $295. The whole institute is only $800. The classes will be at an all-inclusive resort. We have one day to play at Del Pacifica, compliments of the developer. I can’t wait. I might even buy a green speedo just for the occasion. Don’t get too grossed out. If I buy a speedo it will be the goggles, not the bathing suit.
This may be a way to get your CIPS designation with a net cost of $0. You may get so excited about Del Pacifica that you tell a friend and sell a unit. Your commission will pay you for the class and your travel. Contact Lucia Sacasa luciasacasa@portonica.com to sign up today. We are filling up fast.



David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com