Beautiful, Affordable, and Misunderstood
Along Central America’s Pacific coast you’ll find rocky outcrops, world-class surf, and some of the most jaw-dropping views in the world. If it’s natural beauty you are after, Nicaragua is the jewel of this stretch of coast.
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- Population: 5,788,531
- Capital City: Managua
- Climate: Tropical in lowlands, cooler in highlands
- Time Zone: GMT-6
- Language: Spanish
- Country Code: 505
With Nicaragua just arriving on the scene as a top tourist destination, many people don’t know what this little country has to offer. Like Costa Rica about 30 years ago, Nicaragua gives you the same untamed beauty, exotic living locale, great business opportunities and the lowest prices around. Here are just a few attractions that you should not miss when you. Float on your back or swim lengths in this crystal clear turquoise natural pool in the middle of the forest. Ometepe Island itself should not be missed. A one-of-a-kind destination, you can hike up an active volcano, go kayaking in the 19th largest lake in the world, or relax in this stunning pool of water for the entire day. Cost of the day (approx.): Round-trip ferry ride—$6; hotel—$45 to $75 a night; scooter rental—$15 a day; food: breakfast, lunch and dinner—$50 for two.
The original Riviera (from the Italian word for “seashore”) sprang up in southern France and the bordering region of Italy. Upper-crust Brits, northern Europeans, and—later—well-heeled Americans flocked here for the beach resorts, casinos, and parties. Author F. Scott Fitzgerald had a villa here in the Jazz Age, although it’s said he was a horrible party guest. The term riviera has been adopted by regions all over the world, in places where the sun, surf, and vacation vibe live on. And when we hit the new-school rivieras in the developing world, expect to get a real bang for your real estate buck.
First, there’s the food… The supermarket produce sections in the U.S. are picture perfect: intensely orange oranges; big, shiny red apples; greens without a bit of brown. But, Nicaragua doesn’t paint, wax, and shine its produce, so I eat wonderfully sweet oranges with no beautifying chemicals added (for a fraction of what they cost in the U.S). I also eat fresh-caught (not frozen or farm-raised) fish twice or three times a week and real free-range chicken (that has been allowed to run free and is not injected with growth hormones.) The rest of my diet includes tropical fruits and vegetables fresh from the farm.
Ecuador offers sophisticated historical cities…miles of unspoiled, sun-kissed beaches…fertile farmland…and temperate mountain hideaways…and all of it for pennies on the dollar. You can live well for a fraction of the cost of living back in the U.S. And with Ecuador’s official currency the U.S. dollar, you needn’t worry about currency calculations or exchange risks. And real estate costs? They’re among the lowest we’ve found anywhere in the world.
Ron and Debbie Goehring consider every single aspect of their lives better in Nicaragua than in their hometown of Pittsburgh, Pennsylvania. “We eat home-grown food, exercise, volunteer in our local community, and live a simple and fulfilling life immersed in the local culture. We have never regretted our decision to retire in Nicaragua.” Both teachers, they were travelers from the start. “Throughout our married life, we explored the U.S. and traveled abroad extensively. When it was time to retire, we wanted something quirky, inexpensive, and adventurous, with a simplified lifestyle—abroad. Nicaragua fit the bill.”
“The people in my new community are some of the best I have ever met in my entire life. They are like my family. I feel safe, protected, and loved,” says Dawn Noel, who made the move to Nicaragua in 2012. “And there is a rich flora and fauna here. I am enveloped in beauty!” After a busy career as a traveling nurse, Dawn was ready for a new adventure. She longed for a place where she could feel free, be herself, and “be able to live out my later years without working myself to death.”
No matter how affordable the destinations we talk about are, the simple fact is: You can’t live anywhere for free… But what if you had an income that went with you? An income that could give you the freedom you need to just pick up and go? You could spend half the year in your own cottage on the beach…work in the mornings and snorkel and relax in the afternoons.
The couple explored Peru, Ecuador, Mexico, and Nicaragua. As their trips were part of a search for a new home, it made sense to stay awhile and get beneath the surface of a place. Ellen explains, “Extended stays make sense financially, giving us time between trips to recoup the cost of moving about.” But after three years of having no permanent base, they realized that it was actually this roving retirement lifestyle that suited them.
Back home, you are energetic and enjoy a life full of activities, friends and diversity. You want it to stay that way and you have your priorities. Nature makes you happy. After a lifetime living in cold weather, you’d like to throw away your winter coats. Health care and safety are major concerns. Starting a business entices you, but isn’t it too late? You love your delicious coffee and going to great restaurants with your friends. You seek volunteer opportunities to help people and give your life more purpose.
In the 2014 Fast-Track Your Retirement Overseas Package we’ll introduce you to more than a dozen beautiful places in the world where you can live a caviar lifestyle on a hot dog budget.
Perhaps you long for your own cottage on a quiet beach… a grand apartment in a city vibrant with concerts and cafes… a mountain villa where the air is crisp… or even your own vineyard amid gently rolling hills…
Licensed attorney Ashley Blaylock thought she had her life all mapped out. She was planning a legal career, specializing in corporate and tax law. But prior to taking a summer program in international law and human rights in Costa Rica in 2003, she took a vacation to Nicaragua. And that changed everything for this Houston native. “As a kid you have a vision of paradise, and when I saw Nicaragua, it was exactly like the vision I had,” explains Ashley. “It’s a gorgeous country, with mountains, verdant green countryside, and miles and miles of unspoiled ocean.
Panama is the world’s top retirement haven and it’s Chiriquí province attracts more expats than anywhere else in the country. In the provincial capital, David, homes rent for as little as $220 a month.
I bought my house in Nicaragua in one day on a whim. While I wouldn’t recommend doing something so hasty, it worked out great. I went back to the U.S. and neatly closed up my life there. Arriving three months later in Nicaragua, I was ready to start my new life in my new house.
No matter how affordable the destinations we talk about are, the simple fact is: You can’t live anywhere for free… But what if you had an income that went with you? An income that could give you the freedom you need to just pick up and go? You could spend half the year in your own cottage on the beach…work in the mornings and snorkel and relax in the afternoons. Maybe spend the other half of the year up in the mountains where it’s cool…and get paid while you’re at it…
With a laid-back lifestyle and increasing access to modern amenities, it’s easy to see why a growing number of expats are calling Granada home. This colonial city in Nicaragua has year-round hot weather, brightly-painted buildings and colonial-era architecture in the historic center, and diverse natural surroundings. It’s not surprising that it is becoming Nicaragua’s tourism hub. What is interesting, though, is how it is growing as a wellness destination.
“My husband Fred and I haven’t felt as vital as this in years. It’s like we’re young again and just starting out. It’s a fabulous feeling. We wake up every morning to happy conversation and laughter, the guests in our Nicaraguan hostel all having breakfast together,” says Carla Batty. Back home in Queensland, Australia, Carla and Fred had a life of relaxed dinners with friends, easy jobs they enjoyed, and the odd night out.
With an investment of just under $50,000, Michelle and Austin Drill are now on their way to making a living…selling bagged dirt in Nicaragua. The former New Yorkers found a place where they could breathe, the easy-going beach town of San Juan del Sur on Nicaragua’s Pacific coast, and a business opportunity whose time had come.
My last 10 years in the workforce involved working and living outside the U.S., and I wanted to continue that traveling into retirement. I’m a man with a permanent place to call home and a wanderlust attitude. How do I satisfy both? Researching the Internet, I discovered housesitting—which has allowed me to live rent free all around the world. It’s simple: In return for free board, I perform some simple tasks for homeowners, ranging from watering the plants to managing some properties…something I did 45 miles off the coast of Nicaragua for three months in 2013.
These days, Michael Hayden is often found strolling the colorful, cobbled streets of his adopted home, Granada, one of the oldest Spanish colonial towns in the Americas. “There’s no other place like Granada. It has a solid center…you can walk in any direction and see beautiful homes. You have impressive Mombacho Volcano in view over the streets and a steady flow of breezes from Lake Nicaragua,” says Michael.
If you enjoy fabulous sunsets, the sound of the surf lulling you to sleep, a great choice of international restaurants, a laidback lifestyle and no stress, put San Juan del Sur on your list of places for retirement. Few beach locations are as charming, quirky or as fun as this town on Nicaragua’s Pacific coast.
When Warren Ogden started planning his life overseas, there was never any question that he would call Nicaragua home. He felt a connection with the land and its people. “I grew up among Nicaraguan immigrants in the U.S.,” explains the Seattle native. “I came to live with their extended family in 1999, to work for an NGO, and study Spanish. During that four-month visit, I fell in love with the place.”
Have you ever thought about visiting or even living in a place that could be described as “rustic”? Where there are no traffic lights, and where you can buy fresh lobster at less than $7 per pound?It’s a place where horses roam the streets and kids walk home from school using the airport runway as their sidewalk. A tranquil piece of terra firma where you watch the sun rise out of and set into the Caribbean Sea…
Warm and sunny days…beautiful people lounging on the sand as surfers vie for choice waves… palm tree-lined boardwalks in picturesque beachside towns, dramatic craggy cliffs…the California coast has certainly captured the popular imagination. No wonder; it’s one of the most pleasant places in the world to live. But on the flip side, it also has some of the most expensive real estate in the world and a high cost of living.
Europeans came to Icaraí and fell for the stunning curve of beach and a charming little fishing village—now it offers us cheap, beautiful beachfront opportunities. Plus, in this special edition: where you can combine profit potential and real estate for personal use in the Algarve…questions to ask before doing a deal on productive land…short-term rental markets and the local laws you should be aware of…and more.
Nicaragua is a very cool country…and it’s not the temperature I’m talking about. With its smoking volcanoes, clear blue crater lakes, fantastic surfing beaches, and a turquoise swimming hole in the middle of the forest on a mysterious island, it’s a magical place to be.
If you like easy-going people…a chilled environment…a warm climate…and an income of up to $5,000 a month, then owning a beach bar might be just the lifestyle career for you. After all, if your customers are predominantly tourists, they are at their most relaxed and happy when they come into your place. And the profits from serving them can be considerable.
Life in Nicaragua is wonderful, costs are low, the people are friendly, and more and more expats are calling it home. I’m one of them: I moved here from California almost seven years ago.
Not long after arriving, I’d bought a big lug of a car, a Toyota Forerunner Turbo that I called “Bruiser.” It clinked, razzed, burped, and generally sounded like a mobile hardware store in a blender. The CD player didn’t work, the four-wheel drive was broken, the radiator overheated after 15 minutes, and the security alarm went off indiscriminately. But it was my car, and it took me where I needed to go.
Like many expat business people, Eric and Stephanie Slater spotted an opening in the market and came up with a business idea to fill it. In their case, it was a need for good bread. It’s an issue across Central America but particularly in San Juan del Sur in Nicaragua where the couple decided they wanted to settle down. San Juan is a beach town with a ready market of hungry surfers, backpackers, and other travelers.
I’m just a middle-class gal. There you can pay $1.5 million for something like that. Yet in San Juan del Sur, Nicaragua I own a small two-bedroom/two-bathroom house, on an acre with an ocean view, which cost just $132,000. I pay real estate taxes of just $151 a year. And in my backyard, in addition to what I mentioned before, I also grow mangos, papayas, citrus trees, a cinnamon tree, and even moringa, the tree of life.
Not long after arriving in Nicaragua, I’d bought a big lug of a car, a Toyota Forerunner Turbo. It cost $11,000 and I called it “Bruiser.” It clinked, razzed, burped, and generally sounded like a mobile hardware store in a blender. The CD player didn’t work, the four-wheel drive was broken, the radiator overheated after 15 minutes, and the security alarm went off indiscriminately. But it was my car, and it took me where I needed to go.
How can you make moving overseas easy? You really want to go. Everyone keeps talking about the lower cost of living…the warm, tropical climates…the lovely people…cocktails on the balcony overlooking the ocean.
I’m a writer. And in the age of the Internet, that’s a great thing to be. I didn’t plan it that way, of course. In my case it was just dumb luck. After a dozen years as an undergrad searching for something to hold my interest long enough to actually get a degree, I stumbled on journalism.
Five months ago I spent two weeks scouting through Thailand—most of that was spent in Chiang Mai, for that is where the opportunity lies. This is a complicated market, as I explain in a special edition of Real Estate Trend Alert—ready to download here.
In this special edition, you’ll also discover… How to profit from inefficient markets… The condos in Medellin, Colombia that you should avoid… And lots more…
Canadian Andrea Pellegrino, 38, came home from work one winter night to find her partner Julio Carta, 35, bursting with excitement over an ad on Craigslist. “You have to check this out,” he said. “We can run a brick oven bakery in Nicaragua.”
Canadian Andrea Pellegrino, 38, came home from work one winter night to find her partner Julio Carta, 35, bursting with excitement over an ad on Craigslist. “You have to check this out,” he said. “We can run a brick oven bakery in San Juan del Sur, Nicaragua.”
Everybody comes to the “Where overseas?” question with his own set of preferences. This one wants beach, that one cool weather. This woman wants to be four hours from home. And that guy is looking for a place to dock a sailboat.
When you’re pinpointing your ideal destination, start with list of what’s most important to you. And understand: No place is perfect. You have to prioritize. For a community she loves, “madame must-be-close-to-home” might just stretch her travel time to four-and-a-half hours.
My daughter Talia brought me to Nicaragua in 2006 for my birthday present. When I exited the plane and my foot hit the tarmac, I literally felt a shot of electricity course through my body. That two-week trip blew me away. Suddenly colors seemed brighter, the food more delicious; sunsets were spectacular in gold, purple, pink, blue, and orange; the water clear, the air fresh, the native people kind and friendly. I felt more alive.
A special edition of Real Estate Trend Alert—on my buy of the decade on the Riviera Maya. In this special edition, you’ll also discover…
What happens when unstoppable tourism demand meets limited land opportunities… The excellent protection offered by Brazilian “reciprocity” contracts (I just got a check for $20,000)… A new real estate investment trust in Ireland… The opportunity in retirement care in Ecuador… Incentives to invest in Panama City’s 341-year-old historic quarter…
During our months of preparation, we set about determining the criteria we needed to choose a location. The criteria we chose for ourselves initially were: a good health care system at a much lower cost; a stable government; not wanting a car, a walkable location with a good transportation system; good infrastructure; a Spanish-speaking country because Mike already spoke some but wanted to become proficient; a warm climate year round; and, of course, a lower cost of living.