Road Infrastructure in Nicaragua
Sep 9th, 2009 by Kevin
Improving infrastructure in developing nations is a big deal. Infrastructure is what takes a country to the next level in economic development. Whenever we visit Nicaragua, there is always new road infrastructure projects on the go and moving quickly! I came across this great article on Beyond Borders Internet TV today talking about the benefits of the advancing road infrastructure in Nicaragua including the following points that you may not have considered:
- Improvements had a direct impact on rural transport services: fares became cheaper and the number of public transport vehicles using the roads increased
- Road works generated employment in 12 departments and 24 municipalities with 23,205 direct and 8,126 indirect jobs. Direct beneficiaries included another 298,739 inhabitants living along these improved roads.
- Anecdotal evidence suggests that paving roads has made transporting staple foods to market much easier, breathing life into agricultural sector micro-enterprises, for whose operations they are a source of manual labor
These and others sited in the article are just the immediate impacts. Additional items not cited but also true: Increased tourism, travel and investment.
All of this together creates a better jobs and a better standard of living for the local inhabitants. For the investor, it also means opportunity for growth.
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I have been tracking investment in Nicaragua for the past 4-5 years, and am a current investor. The last 3 years have been horrible and everything has stopped. Can you help me better understand why this is a place I should continue to invest when any movement on my current property at Laguna de Apoya has gone backwards? I am looking for someone who is knowledgeable about Nicaragua investing that I can discuss with. Overall, I want to understand where to go from here.
Thank you.
Scott,
Markets are all about timing. Buy Low and Sell High is a simple concept that most people have a tough time with. If you were to sell your property now you would essentially Buy High and Sell Low. All asset classes go through cycles. The real estate asset class has been decimated worldwide in the last three years. Most people would not touch real estate with a ten-foot pole right now. Not me. I am buying as much RE as I can. We have valuations here in Boise, ID that are currently trading at 1995 levels. As for Nicaragua, the market will turn around. Tourism hit more than 1million in 2010. Pellas Group announced and started the $250million development. ProNicaragua has been allocated funds to promote the country. Survivor has put Nica on the map. Property laws have been refined and Nica has some of the strongest land laws in Central America. Investors who were “burned” in the US and Europe, again, are cash heavy and looking for alternatives. Nica can develop with the hip ECO movement because we are starting with a clean landscape, a fresh board of beautiful land with opportunities to utilize all the modern tech and material and culture to create what the next generation craves: low-impact, simple, enviro-friendly, culturally altruistic projects. Building and Developing in Nica is on the move again. 2011 will be a transition year and by 2012 - 2015 land deals will be “popular” once again. I recommend a hold on any land you may have and definitely a buy for anyone interested in owning land in Central America. Prices in Nica are as low as they are going to be for many many years and the opportunity to purchase land from disgruntled investors who wanted to make big money overnight and didn’t is now.