Baltimore, MD (PRWEB) March 20, 2013
InternationalLiving.com has uncovered a range of good-value properties in the colonial city of Granada in Nicaragua, with prices starting from just $39,000.
An article in the March issue of International Living magazine reveals how a 900-square-foot home, a short stroll from the historic center, is currently on the market with an asking price under $40,000.
Report author and InternationalLiving.com real estate expert Ronan McMahon estimates that typical 2,000- to 2,500-square foot homes in Granada’s historical district range from $50,000 upwards.
High-grade properties are also available in the picturesque city. McMahon uncovered a turnkey 2,500-square-foot property with a pool in an inner courtyard in Granada’s historic district on sale for $160,000.
“Prices today are back to levels last seen a decade ago,” explained McMahon. “The global financial crisis brought any activity in the real estate market to a screeching halt. The market went into free fall.”
McMahon believes that while Nicaragua’s fortunes are already changing, there are still plenty of bargains in the market for overseas buyers: “Confidence is now returning. Yet buyers are very thin on the ground.
“Everyone is looking for a deal. So, bar the odd sucker, only killer deals sell. In real estate, we make our money buying. And there’s nothing like an illiquid time to snag a deal.”
The full report on real estate in Nicaragua, which appears in the March edition of International Living magazine, can be read here: "Colonial Homes in Granada, Nicaragua".
Meanwhile, InternationalLiving.com is giving retirees an opportunity to test-drive life as an expat in Granada for a month for free.
The live-overseas experts are seeking a candidate willing to share their impressions while road testing retirement for one month in the colonial city.
The prize includes round-trip airfare (for two) to Nicaragua from his or her “home city” in the United States or Canada, a paid-for four-week stay in a furnished home in Granada, $1,500 spending money and additional pay for any articles published by InternationalLiving.com
To enter the “Win Your Dream Retirement Overseas” Competition, applicants should post a video to YouTube (no more than 3 minutes in length) explaining why they want to retire overseas – and why they want to try a one-month test-drive in Granada.
Full details on the competition are available here: "Win a Dream Retirement Overseas".
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