Comments on: Nicaraguan Real Estate and Coastal Law

By: New Homes Match

New Homes Match — Wed, 30 Sep 2009 22:03:27 +0000

yeah, regardless of the reputation of the realtor, buying foreign property is dangerous. you are at the mercy of the country and their laws regardless of what kind of paperwork you have.

By: swapmycouncilhouse

swapmycouncilhouse — Wed, 02 Sep 2009 06:35:46 +0000

Nicaragua real estate could see significant growth as the government passed … as the real estate sector did not know what the new Coastal Law would mean.

By: Barcelona Apartments

Barcelona Apartments — Sat, 25 Jul 2009 11:07:15 +0000

Pospina
You are right some time time we neglect a small decision, after some time that make a big problem, and extra tension.so next time be careful…

By: Pospina

Pospina — Tue, 23 Dec 2008 13:54:11 +0000

My husband and I just had a corrupt judge hand our 20 year old property near Granada to a Nicaraguan man. The initial explorations of the case appear to show that there is political interests behind the judge’s decision that gave the order and the man that is leading the invasion. My husbadn has the legal tittle and has paid 20 years of taxes on it.
You are rigth about Nicaragua being a wild bet. My husband bougth the land in 1990 with the idealist view that after the war Nicaragua would grow and prosper and he wanted to be part of this rebirth.
Well, too bad for his dreams and too bad for the possibility of ownership in Nicaragua. I would advise a lot of caution!!!!!!!!!!!!!!!!

By: Nicaragua Surf

Nicaragua Surf — Thu, 07 Aug 2008 14:31:33 +0000

I agree with RE/MAX, you have to work with a reputable realtor to keep things safe.

By: RE/MAX Horizons

RE/MAX Horizons — Tue, 01 Jul 2008 00:27:15 +0000

The Coastal Law will not affect both Agrarian reform, as well as properties whose titles were issued before 1917 (which is most properties).

They are only talking about pushing it back at max, 50 meters (from 30 meters), but again this will not affect most properties. Mainly people who have been buying concesion properties from realtors who either do not know better than to market it as a legit title, or really don’t care.

Work with a reputable realtor, and you have little to worry about.