uilding Boom - July 2006

San Juan Del Sur continues to be the epicenter for foreign real estate investment in Nicaragua. As we see an influx of foreign investors making Nicaragua their home away from home, the demand for finished turn-key real estate options has increased dramatically.

In the past, most investors visiting the area were mostly purchasing lots. Currently we are seeing a large increase in buyers who want to avoid the building process and purchase a quality turn-key product for investment and use. This allows investors to benefit from appreciation as well as receive rental income. In order to meet the demand developers are building condos, townhouses and homes. Most projects are providing management services to maximize the rental opportunities.

In this newsletter we have featured a few of the projects that we think will be successful and offer you the amenities that you are looking for.

Aurora beachfront team

Nica Ocean Villas

Nica Ocean Villas are built with every detail in mind in order to take the headache out of building and provide a first-class product. These villas are 2500 square feet with 3 bedrooms and 2.5 bathrooms. Each villa sits on a fee-simple piece of titled land which measures approximately 1/4 acre and is pre-approved for First American Title Insurance.

The project is located 20 minutes south of San Juan Del Sur with breathtaking views of Yankee Beach. It is only minutes from your swimming pool to the world class surf break at Yankee. These villas are starting at $289,000

Eco Casas from Creator's of Morgan's Rock

This is a new phase within the Balcones de Majagual project which consists of twelve eco houses all with ocean views and a shared clubhouse. It is a turnkey house ideal for vacation and rental usage that includes several features aimed to preserve the natural setting and offset future dependency on electricity and water.

Each house has 2 master bedrooms, 2 master baths, a guest bathroom, a kitchen, an open living room, a laundry area, plenty of storage space and a covered terrace. There is one unit left in Phase 1 for $219,800.

Gran Pacifica

Gran Pacifica's infrastructure is world class and will provide you with a comfortable place to call home. The project provides paved streets, sidewalks and street lights, underground electric, fiber optic cable, freshwater and sewer systems designed to US standards. There are plans for an 18 hole golf course and 5 star resort hotel on the premises. Single family home sites which are only a short walk from the beach and the golf course start at just $59,900.

Quality homes start at just $70 per square foot with 8 different models to choose from. Starting at just $139,900 Las Perlas oceanfront condominiums will feature 1 and 2 bedroom units with a third bedroom lock-out unit available. Las Perlas is a condo hotel so that all units will in our rental pool when it is not in use by the owners.

Villas de Palermo

Villas de Palermo is located in the foothills outside San Juan Del Sur and offers panoramic views of the bay. The project promises calculated investment returns through a well managed rental pool system. Palermo just recently opened for business and units are available to rent for a special price of $99 per night.

The project consists of 50 condo units of which 39 have already sold. 16 units are completely finished and the other sold units are in different phases of construction. The units each have two bedrooms, two bathrooms, central air conditioning and are fully furnished. This project has been moving very quickly and prices have risen steadily. There is one unit left at $232,700 including the furniture package.

World Beach Clean Up Day

On September 9th, 2006, there will be a coordinated effort to clean up the world's beaches, and will mark the first time San Juan del Sur has participated in this international event. This event is sponsored by the U.S. Environmental Protection Agency, The World Conservation Union, and the United Nations' Educational, Scientific, and Cultural Organization (UNESCO) and locally facilitated by the municipal government of San Juan del Sur and the new "Scuba-Shack" dive shop that has replaced Ricardo's bar.

The Bay of San Juan del Sur, Marsella, Maderas, and Majagual are the four beaches that will be benefit from this collective effort to clean our most touristed beaches. A post-cleanup BBQ and beach party will follow the all-day cleanup activities. For more information, contact Jon Thompson at elpuente.nicaragua@gmail.com