March 2015: Overlooked Opportunities on Nicaragua’s Last Frontier
In my decade scouting opportunity in Nicaragua, I hadn’t been north to the end of the road along Nicaragua’s Pacific frontier. There never was a reason for me to visit…until now.
By Ronan McMahon
Real Estate Trend Alert
In my decade scouting opportunity in Nicaragua, I hadn’t been north to the end of the road along Nicaragua’s Pacific frontier. There never was a reason for me to visit…until now.
The Encanto master-planned community within Tulum’s Aldea Zama is a strong and exciting opportunity. I’ve told you about this community before—it’s a killer deal—but now the window of opportunity is set to close.
A buyer off the street can’t get the pre-release deals that I bring to you. This is one of the advantages we get from being part of our RETA group—members-only deals. RETA members have bought in the Riviera Maya with members-only pricing and have done well in the past. This is set to happen again with our latest pre-release opportunity.
The short-term rental market in Mexico’s Riviera Maya is the strongest I know. More vacationers and snowbirds are coming and more folks are moving here to work or set up a business. I expect strong rental demand for suites here at a weekly rate of up to $750…each. And strong occupancy thanks to overflow requirement from the new hotel that will come on top of an already strong rental market.
If Mexico’s stunning Riviera Maya has been on your radar then listen… We have a new deal at the special Tao community and it’s our last chance to get in on the ground floor there.
I told you on Tuesday about the Path of Progress rolling its way down Uruguay’s coast—now three RETA members can take 25% off the price of a lot at the La Serena Golf community directly in this path.
In the early and mid-2000s, Europe’s real estate markets embarked on a massive tear. People re-financed, often to buy a vacation home or make a speculative investment in Europe’s sunnier locales. But now markets are moving again and opportunities are presenting themselves..
On February 26, 10 of our group will take a members-only trip to the luxurious Copala community in Cabo at the southern tip of the Baja California peninsula in Northwestern Mexico.
As I’ve been reporting from the road, Nicaragua is fast playing catch-up with Costa Rica to the south. Its economy and tourism infrastructure are on the up. The future is bright. And right now we can pick up a Pacific coast lot for under $100,000.
For many years I thought of Nicaragua as the next Costa Rica, just a few decades behind. My view was that we could profit in Nicaragua when development played out—as it did in Costa Rica. Now I think Nicaragua has the potential to be much more attractive than its southern neighbor.