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FEATURED PROPERTY |
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Don't miss your opportunity to become an owner in San Juan del Sur's first ocean front, luxury condo-hotel development, Cala Azul. Perched on a private headland overlooking Nacascolo Bay and the Pacific Ocean, Cala Azul provides an
environmentally respectful blend of luxury homes and amenities, preserved forests and gardens, and direct water access!
Offering 1, 2, and 3 bedroom floor plans, all of Cala Azul's residences will
comply with
Nicaragua's 306
tax incentive law, providing homeowners
with 10 years of property and income tax benefits. Amenities will include multiple
swimming pools, numerous restaurants for all ages, tennis courts, fitness center,
spa, volleyball court, and direct access to water sports including fishing,
kayaking, surf tours, and whale watching.
Cala Azul has been custom designed by the architectural firm Guzman y Asociados and the design/build firm Grupo Mosaico. These partners have been instrumental in creating Nicaragua's most successful, luxury properties to date.
Only 37 residences will be offered in 2007, and special pricing is being offered for a limited time.
Contact
us for further details. |
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FEATURED PROPERTY |
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Get your hands on one of the best lots in Nicaragua's premiere coastal development, Marina de Guacalito. Recently purchased by one of Central America's most successful businessmen, the Marina de Guacalito development is positioned to
offer world class amenities including a marina and championship golf course.
Home to private white sand beaches for swimming and a world class left point
break for surfing (Manzanillo), you can't go wrong with Marina de Guacalito.
Some of Nicaragua's best sport fishing is just off shore. Catch dorados, roosters,sailfish,
marlin, tuna, and wahoo only a few miles out. Master planning has tak–en the
natural habitat and nature in to full consideration and infrastructure is first-rate.
With less than 5 minutes' walk to one of Nicaragua's most beautiful white sand beaches, this lot will not last long on the market, so
take
a look at some pictures and
contact
us now for more details.
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Happy New Year from San Juan del Sur!
We hope this newsletter finds you in good spirits. As you are perhaps aware, Nicaragua officially has a new president in office. Since the elections in November, we have received many inquiries about what was happening to real estate
values here. The bottom line is that the market has remained strong throughout the transition, but we have seen some new and, shall we say, interesting sales tactics being used by some developers.
Understanding the market value for real estate in Nicaragua can be tricky because property comparables are not public information. Several developers have recently offered "Thanksgiving Day Specials" and other cleverly named discounts in
an effort to increase their sales in the short term. These discounts are being offered because competition for your purchasing dollar has increased drastically over the past few years. To see the level of development around San Juan del
Sur alone,
view our San Juan del Sur Area Developments map.
Our goal, as always, is to provide you with the most recent and reliable real estate information in Nicaragua, so if you are planning a purchase soon, we encourage you to contact us for updated comparables to help you negotiate the best
deal. Discounts offered by developers are also available through Water's Edge. More importantly, we have knowledge of unpublished discounts, as well as most recent sale prices, and can provide this information to you on an individual
basis.
Meanwhile, Nicaragua continues to receive positive international press, including a recent write up in the
New
York Times. Other magazines as diverse as Coastal Living and The Men's Journal have recently promoted Nicaragua as a travel and real estate investment destination. Visitor traffic continues increasing, and therefore so does the level
of interest in Nicaragua real estate.
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Photo courtesy www.dancesar.com |
Vice President Jaime Morales visiting with real estate investors
in San Juan del Sur |
When you are ready to visit Nicaragua, make sure to log on to the following web sites first for quality information:
New
Property Listings
We have recently uploaded many new listings and arranged our site so you can better find what you are looking for.
Nicaragua Vacation Rentals
Where you can find the perfect vacation rental property.
San Juan del Sur Real Estate Developments
A detailed map showing the location of all real estate developments in San Juan del Sur.
As always, we are here to help you however we can in Nicaragua, and are looking forward to meeting you in person soon.
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Hasta Pronto!
H.Henkel Smith III
President
Water’s Edge International Realty |
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Learn more about Nicaragua Real Estate from your Living Room! |
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Last April we received a phone call from Santa Fe Films, a production company based in Denver that wanted to produce an informational film about buying real estate in Nicaragua. They traveled down and met with local experts Water's
Edge, Coldwell Banker, and Calvet & Associates, just to name a few. After eight months of extensive market research, traveling, filming, and production, the team at Santa Fe Films has successfully completed their informational video called
"Home: World Nicaragua".
Hosted by British television presenter Howard Stableford (best known for twelve years as host and reporter for the BBC's flagship science and technology program "Tomorrow's World"), the program provides in-depth interviews with experts
including government officials, real estate agents, bankers, developers, attorneys and others who can walk you through the process of buying real estate in Nicaragua. Most importantly, the program includes interviews with ex-pats currently
living in Nicaragua who explain their experience and give you true insight in to what to expect.
If you still haven't visited Nicaragua, make sure to purchase this video to get a better understanding of Nicaragua real estate before arriving.
You
can purchase "Home: World Nicaragua" here. |
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More Tax Incentives On The Way |
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Photo courtesy www.dancesar.com |
In 1999, the Nicaraguan government approved tax incentive law 306, which was created to attract foreign investment in tourism related businesses. The law provides for various tax breaks including 10 years of income tax exemption. Many
tourism related businesses (both foreign and Nicaraguan owned) have been approved for these tax breaks, and are currently enjoying their tax holiday.
As if this wasn't enough reason to invest in Nicaragua, the recently elected Ortega administration plans to expand the scope of law 306 to include benefits specific to retirees. Last week, the newly appointed executive president of
Nicaragua's Tourism Institute, Mario Salinas, announced that his office plans to establish a relationship with the American Association of Retired Persons (AARP), and intends to reform the Pensioners Law in an effort to attract more full
time foreign residents. The current Pensioners Law is pretty generous, so it will be interesting to see what types of reforms are around the corner.
You can
read the current Tax Incentive Law 306 here.
You can
read the current Pensioners Law 628 requirements and overview here.
No Passport? No Service |
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Melanie Bock
There has been some confusion recently over what documents are needed for buyers to carry out the property registration process pain free. Some deals have sat frozen in the Public Registry Office because of one simple thing: a copy of a
passport. Along with using a knowledgeable and ethical real estate professional, a good real estate attorney is invaluable in helping you to make sure that all your documents are in order and up to date. If you are on your way to
registering a property soon, make sure you have the following ready:
-The property deed
-Tax certificate (Solvencia Municipal)
-Property history
-Property map or survey (Plano Catastral)
-Municipal tax certificate (IMI tax)
-Power of Attorney document (in case some one else is representing you in the purchase)
-Photocopy of your passport or photocopy of RUC (Tax ID number if the property is being registered in the name of a Nicaraguan corporation)
If you will be registering your property under the name of a foreign corporation, you will need additional papers as well, so make sure to discuss this with your attorney.
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