BVN Realty | San Juan del Sur, Nicaragua | bvnica.com
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Why invest in Nicaragua ? For a great quality of life, Nicaragua offers the lowest cost of living & safety in Central America with prices 20 to 60% lower than the United States & Canada. Nicaragua is not only a country with great business opportunities - but also a very nice place to live. The country boasts outstanding natural beauty, p
leasant climate, rich culture, and above all - hospitable and joyful people. The Real Estate market offers a variety of residential areas, apartments and condos furnished with all the comforts and basic services & amenities in very affordable price ranges. In San Juan del Sur, the main surf town in the country - apartment rental prices range from US $125 to US$ 3,000 per month. A budget for any wallet! Rent before you buy is always a great option to consider. There are no restrictions regarding foreigners buying Real Estate, the law ensures equal rights for foreign and domestic residents. There are bilingual private educational institutions and universities with internationally recognized programs. The country also offers a quality health-care system, with several clinics and hospitals available at reasonable prices. Nicaragua is a premier destination for Americans, Canadians, and Europeans thinking about retiring in Central America. Driven by an abundance of great Real Estate investment opportunities, low property taxes, and a low cost of living with a high quality of life. To purchase a property here...
The Constitution of Nicaragua and the Foreign Investment Law 344 recognize the rights of foreign investors to own property and establish businesses as they wish in the country. Before purchasing a property, a registration history must be requested to verify ownership of the property for the past 30 years. Freedom of Liens for properties are also encouraged to indicate any annotations that may pertain to a given property prior to purchase. You must follow four steps for the registration and legalization of a property:
Notary Public: The parties involved appear voluntarily before the Notary Public to conclude any type of contract in which property rights are transferred or Real Estate sold. Municipal Authorities: Once the purchaser has the corresponding public deed, he/she has to appear before the Physical Cadastral Office. General Directorate of Revenues and Ministry of Treasury - This can be done simultaneously with the procedures required by the municipal authorities, as it implies the Real Estate Tax (IBI) payment, which represents 1% of the estimated total value of the property after the obligatory inspection and appraisal. Property Registry: Depending on the history of title to the property and if necessary, the owner must additionally submit the “Certification of No Objection” given by the Attorney General’s Office, which certifies that there are no irregularities affecting the property. This document is a requirement to register the property under the buyer’s name, mainly for properties affected by the agrarian reform. At BVN Realty, our team and network of trusted contacts will ensure a smooth transition from vision to reality for your new home.
