Follow the Real Estate Companies
Mar 2nd, 2008 by Kevin
As an offshore investor, one of the things you can do is watch what real estate companies do as a leading indicator for hot and/or up-and-coming markets. They have the research teams and horsepower to monitor markets around the world much better than you as an individual. In Central America, watching what companies such as Re/Max, Coldwell Banker and Century 21 are doing can help you get in ahead of the curve. For example, take our 200 acre parcel of land on the northwestern Cosiguina Peninsula of Nicaragua. Most have not heard of this area, as a tourist destination (mostly because right now it isn’t), however these 3 real estate companies are up buying land in this area, which means they think it will be a destination in years to come. And we are right there with them.
Today, Re/Max Horizons announced that is is opening of their new office in San Juan Del Sur “in this evolving real estate hotspot”. Granted this is a PR anouncment, it does provide some great backup for what some of us already know about Nicaragua, and the San Juan Del Sur area. (see previous post on knowing where you are in the property cycle)
- “Nicaragua is what Costa Rica was 10 years ago- thriving with so much upward potential“
- “We’re still at 30% of the going rate of Costa Rica, and with the baby boomers coming- the sky’s the limit“
- “The beaches are breathtaking, the local people friendly, and the investments timely“
- Of the 80 million Boomers who will retire in the next 5 years, 10% plan to retire abroad
- Nicaragua, with it’s safety and proximity to the United States (just a 2 hour flight from Miami) unsurprisingly now ranks in the Top 5 foreign retirement locations
If you can’t trust your own instincts about the potential that Nicaragua offers to foreign investors, trust the companies that base their livelihood on knowing the global real estate market.
