The house is constructed on solid rock with a spectacular view above the natural cliffs of the bay

The living area has been built with brick walls that are strengthened with anti-seismic steal and concrete.

The house is built to European standards, using the best materials available, with many materials imported directly from Europe.

The ceramic floor tiles for both floors and balconies were imported from Spain. Window frames, colonial decorations and doors have been made from the finest mahagany, and there is a large tank to guarentee the water supply.

The accommodation includes :-

5 bedrooms;
2 bathrooms:
a living room:
fully equipped kitchen:
2 balconies:
parking lot for 10 vehicles. 

Nicaragua Property Buying Information

Foreign Ownership of Property
Foreign nationals may own property in Nicaragua either personally, using a Nicaragua registered corporation, or under a US. Trust held by a Nicaraguan Corporation.

Building Costs
Most properties in Nicaragua are constructed from concrete blockwork, brick, reinforced concrete and tile with most of the properties sold through our real estate agents provided with a new plot plan. The cost of building a house in Nicaragua is approximately $40 to US$70 per square foot. Generally, roads and utility services can be carried to a property reasonably easily, depending on the local terrain.

Property Taxes
Nicaragua property taxes are very inexpensive. Annual property taxes approx. 1.5% of the assessed property value, which is 50% or less of market value. Farmland comprising of up to 30 manzanas (51.6 acres) is exempt from real estate tax.

Property Insurance
Properties in Nicaragua may be covered by local insurance companies for fire, earthquake and floods but not for acts of war.

More Information
For more information on buying a property in Nicaragua, click on either about Nicaragua or Nicaragua

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