When people think about U.S. citizens living abroad what comes to mind is probably retirees, or the super wealthy, or maybe even a bunch of backpacking college students. People who don’t have to worry about things like maintaining a job or finding a good orthodontist.
What seems like a bit more of a stretch, to many, is the idea of moving overseas with children, particularly young ones, and having the need to educate, protect, and support them. But the reality is that living abroad, even in a developing country, has never been easier for young families.
The Latin tropics, for example, offer a ton of locales where parents can earn a living for their families, send their kids to a bilingual international school, sign them up for afterschool art and sports programs, and never have to give a second thought about their safety.
Improved technology and infrastructure make things like telecommuting, homeschooling, and communicating with friends and family a virtual breeze. Cities with established expat communities can help to make the transition easier.
On the flip side, there are also more remote destinations that offer the opportunity to cut out all the distractions and focus on what really matters to your family. Where your children can learn to become students of the world, rather than spending their days cooped up in a classroom.
In fact, it’s been observed that living abroad helps children develop a certain skillset and adaptability that their homebound counterparts lack, making them particularly qualified for leadership positions.
Every tropical destination has its own set of pros and cons. Not every young family will share the same opinion about a certain city. But there’s no denying that each of these places has a unique appeal that families with children will likely find intriguing.
Jose Juaquin
Best City for Culture – Cuenca, Ecuador
A longtime favorite of expats of all demographics, Cuenca, Ecuador, is still a fantastic option for families with children. It offers an established expat community with lots of English-speakers, as well as expats of many other nationalities.
Cuenca has a high level of amenities, with easy access to all the necessary goods and services. Yet it’s also surrounding by an incredible natural environment that offers plenty of options for outdoor enthusiasts.
For all it delivers, Cuenca is also quite affordable. It’s big city convenience with a small town feel, right down to the cobblestone streets and charming historic architecture.
Because it’s home to a number of universities, residents of Cuenca also place a high value on education. The high concentration of students also makes Cuenca a cultural and artistic hub. It’s a great place to get a true taste of what makes the local culture so incredible.
TR Rounts
Best Expat Community – Boquete, Panama
Another destination that’s popular with young expat families is Boquete, Panama. Tucked into the highlands of the Chiriqui province, Boquete is smaller than Cuenca (and quite a bit more expensive). Yet it too offers an incredible level of services and amenities.
A longstanding expat presence has led to the establishment of everything from “Gringo Night” at local restaurants all the way up to an expat theatre group. In fact, Boquete is so expat-friendly that some complain it’s almost just like being in North America.
But understand that, even though Boquete might be full of people who look and talk like you, there’s still plenty of authentic culture to experience. Not to mention the incredible natural surroundings like cloud forests, whitewater rapids, and an abundance of flora and fauna.
Between its near-perfect climate and its welcoming residents, Boquete is a great option for newcomers with children.
Cranston
Best Beach Town – Nosara, Costa Rica
Those who think all tropical beach towns are way too heavy on the party scene for young families need to think again. Introducing…Nosara, Costa Rica.
Rather than loud dance clubs and dreadlocked drug peddlers, what you’ll find in Nosara is more like yoga studios and organic smoothie stands. It has great surfing, some of the best in Costa Rica, but it also has great schools. It’s a win-win for young families.
The abundance of health food stores, fitness centers, and sports teams make Nosara the perfect place for those looking to lead a healthy lifestyle. However, all the excellent consumer options and extra-curricular activities do tend to tip Nosara a bit towards the expensive end of the spectrum.
Nosara is clean. It’s safe. Its residents are a closely knit community, and they flock to the beach in droves each evening, just to see the sunset. Its four miles of white sand beaches are protected from any kind of encroaching development, and the many conservation efforts help keep it pristine.
Young families looking for the beach lifestyle without the stereotypical beach culture should definitely give this place a closer look.
Viva Tropical
Best Island – Boca Chica, Panama
If island living is the scenario you had in mind for your family, then forget the overcrowded, touristy places like Roatan or the Belize Cayes. There’s nothing authentic about seeing a cruise ship dump its hordes of travelers onto your shores for a quick romp.
Instead, may I suggest the tranquil forests of Boca Chica Island, where the only other residents you’ll likely see and hear are the howler monkeys and toucans perched just outside your window?
Boca Chica and its surrounding islands offer the same natural wonders as their busier counterparts (e.g. pristine beaches, ancient forests, excellent fishing, and mangroves packed with marine life). But in Boca Chica those can be explored on your own, not on a chartered tour with a dozen other strangers.
Although it feels remote, Boca Chica Island is only a 10 minute boat ride from the mainland where you can also access attractions such as Volcan Baru (the nation’s highest peak), the aforementioned town of Boquete, and the bustling city of David (the country’s second largest) where you can find any and all of the amenities you could possibly need.
photo by P. Schenll
Best on a Budget – Granada, Nicaragua
While affordability shouldn’t be your biggest factor when choosing an expat destination, for some young families it’s a necessary concern. Enter Granada, Nicaragua.
This charming colonial town boasts many of the same features as Cuenca. Yet with a noticeably lower price tag.
The tradeoff is that some of the amenities aren’t quite as good. Consumer options are a bit more limited. The infrastructure isn’t as top-notch. In fact, some may even see Granada as a little gritty.
But that authentic vibe is exactly what a lot of parents want their children to experience. The ability to take in your surroundings and feel almost as if you’ve stepped back in time 100 years. Except for the internet cafes and ATM machines.
All in all, Granada is a great compromise for those who want to experience Latin America for what it is, not a North American version of it. And not for the same amount you’d pay to live in the States.
So, if you’re looking for a place to relocate your family, or even if you just want to try a gap year to see if this whole expat thing is right for you, these top destinations are a great place to start!
Alba Sud Fotografia
Why Nicaragua Real Estate Is Top of Mind (or maybe not)
What have you heard lately about Nicaragua real estate opportunities? Can you imagine what it would be like to retire there?
Just close your eyes and see what you can remotely picture in your mind. Certainly you can picture warm water, tropical winds, and sunny ocean beaches; most definitely fishing and surfing, and all that comes with laid-back island life. These images so far may remind you of SoCal or Hawaii.
But then your mind wonders. Who really lives in Nicaragua? Is it safe? How remote or accessible is it? What about the economy? How politically stable is it? What would it be like to live there?
What you probably didn’t imagine are pristine coastal properties surrounded by untouched lush jungle that some Nicaragua real estate investors predict will increase in value up to five hundred percent in the next few years. The country remains approximately eighty percent undeveloped.
What’s New in Nicaragua
Nicaragua is Central America’s largest country, but one of the least populated. Why? Because few people are lucky enough (or brave enough) to have discovered it. This wild tropical paradise with a very stormy, dark history now sees a peaceful and bright green future. Inspired by its two neighboring tourist and retirement destinations – Panama and the “Oh-so-hot” Costa Rica – Nicaragua is finally getting it right.
The Nicaraguan government is heavily invested in targeting foreign investors, namely North Americans. Interior road construction projects, shopping malls, improved water and sewer systems, hospitals, and new transportation initiatives are all underway.
Nicaragua’s good news is spreading quickly. Conde Nast Traveler calls it an “exciting emerging destination” and names Nicaragua a top ten destination to watch in 2014. Nicaragua’s new safe and friendly appeal, unspoiled quiet beaches, lush tropical rain forests, exotic wildlife – and of course, lovely Lake Nicaragua – are all good reasons to visit. Did I mention you can get there in about three hours from the southern U.S.?
But there’s more you should know about investing in Nicaragua.
Why You Should Buy Real Estate in Nicaragua
Living Costs Are Low
Can you live on social security alone? You can in Nicaragua! In 2010 AARP named Nicaragua one of the best places to retire abroad, largely due to the low costs associated with housing and food. Now, with the government’s dramatic infrastructure improvements and Nicaragua’s Retiree Benefit Program, you get even more for your buck today.
Nicaragua’s retirement benefits for expats are the most favorable in Central America. It’s no longer a secret that Nicaragua is poised for strong economic growth as a top retirement destination and expat mecca.
Timing Is Right and Real Estate Is Still Affordable
Nicaragua’s tourism is steadily on the rise, and so follows the demand for Nicaragua real estate. If you’re looking for an “early-in” investment opportunity, your timing couldn’t be more right. Modern infrastructure and political stability are accomplished. New resorts and eco-lodges are popping up throughout the country. The economy is thriving.
And, yes, the opportunity still exists to purchase your dream at an affordable price. The “mango on top” – Nicaragua has few restrictions on the purchase of real estate relating to foreign investment. According to the Bomchil Group (an Association of Latin American Law Firms), foreign investors have the same property rights as local investors.
Jason Wesley Upton
Culture and Lifestyle Is a Bit Hard to Beat
Nicaragua is known as both the “land of poets,” and the “land of lakes and volcanoes.” The name means “here united with the water.” Nicaraguans thrive on freedom and independence. They’re a creative, vibrant, and happy culture bound by religious freedom, tolerance, and community.
Religious celebrations and cultural festivals draw huge crowds and can last for days. In a “coconut shell,” life in Nicaragua is as simple as you want it to be. The best part is, you choose it.
You can catch a Tarpon, hike a volcano, surf The Boom, or lounge on the beach. Relax in your hammock and read a book, go to a baseball game, or learn to play the marimba and dance The Mestizaje.
If you long for something more than recreation, fiestas, and quiet time, you can always volunteer in your community or start your own business.
Nicaragua’s Best Real Estate Options
The hottest Nicaraguan retirement destinations right now are the colonial cities of Granada and Leon, the capital of Managua, and most notably the southwestern corner of the Pacific coast around San Juan del Sur, where beachfront property options abound.
Craig James
Granada
Situated just 27 miles from Managua on the shores of Lake Nicaragua, Granada is the oldest city in the country. Picture a lazy day in a Spanish colonial town, cooling Lake Nicaragua breezes, historic buildings with red tile roofs, 17th century cathedrals, and treasure-filled museums.
You can smell the aroma of your favorite European dish. You’re preparing to go kayaking and volcano hiking. This could be why Granada is one of the fastest-growing tourism areas in Nicaragua.
Ben Beiske
Leon
The primary northwest city and agricultural capital of Nicaragua, Leon is also a colonial town filled with historic architecture, ruins, ancient cathedrals, and eclectic museums. But what makes it most unique for Nicaragua is, it’s a thriving university town full of cafes, shops, and students.
Property here treats you to impressive views of Momotombo and Momotombito volcanoes. You will get to know Cerro Negro, the youngest volcano in Central America.
Managua
Managua is the spot for you if you enjoy the convenience of big city life. It is the nation’s hub for residents and visitors alike. You can easily take excursions from here to any destination in the country.
Aside from city life, you’ll enjoy your frequent visits to Masaya Volcanic National Park and the Masaya craft markets, beach resorts, and Montibellli Nature Reserve.
Jivika
San Juan del Sur
Think sand and surf on the Pacific coast near Costa Rica’s border. San Juan del Sur is Nicaragua’s most popular surfing destination and beach town. If you love fishing, fresh seafood, and surf, you’ll be in good company.
San Juan del Sur is the country’s most famous tourism destination and has already attracted its fair share of foreign investment. Kick your shoes off and slow down. There’s no “hurry” here.
What makes a destination a great place to live? Is it the place with the most pleasant surroundings? The lowest cost of living? Or even the healthiest and happiest people?
In compiling my list of the best places to live in the world, I took into consideration all of those factors. Plus some others I’ll mention as we go. And the common denominator among all ten of my top destinations is that they’re all in Latin America.
liveandinvest
Why? Because the countries just south of the U.S. border have so much to offer in terms of natural beauty, authentic culture, unrivaled quality of life, and a heck of a lot of bang for your buck.
That’s why these ten best places to live in the world are becoming home to an increasing number of North American expats each year. Because when it comes down to choosing a place to actually settle down and dive into the local culture and become a part of the expat community, you just can’t beat these ten destinations.
Boquete, Panama
Panama consistently ranks among the top retirement destinations in the world, taking top billing again in 2014. And Boquete is its crown jewel, claiming more North American expats than anywhere else in the country, with the exception of the capital of Panama City.
Yet even with its status as a top expat hotspot, it still maintains a small-town feel, due in part to its quaint mountain setting and friendly locals. It’s also home to pretty much any type of business or service you could ever need, thanks to a long-standing expat presence.
Surrounding Boquete are cloud forests, coffee farms, rivers, and numerous other natural landscapes that offer a wealth of activities for the adventurous expat. The area enjoys spring-like temperatures all year, with frequent showers that produce almost daily rainbows.
The cost of living is low, although it’s slowly climbing as more and more expats settle in the area. With fantastic infrastructure and a lot of modern developments, it’s still a great value. Panama is also a favorite destination due to its attractive retirement program benefits for those who qualify.
Cuenca, Ecuador
Cuenca is another mountain town with a large expat community, and for good reason. It’s known for its rich culture, which includes its colonial architecture and a lively art and music scene.
Ecuador also boasts one of the lowest costs of living in the Americas. You can plan to spend less on everything from fresh produce to a renovated condo in the bustling downtown area.
Cuenca is home to a number of universities, making it a hub for international students. It’s also a great, safe place for families with its excellent education and health care options.
There are also plenty of great restaurants, bars, shopping centers, and all of the other creature comforts you’d expect to find in a metropolitan city. Yet it enjoys the same slow pace of life you’ll find throughout Latin America. It’s the best of both worlds.
Though it’s recognized for the terra cotta roofs and blue church domes that dots its city skyline, the area around Cuenca is equally breathtaking. It sits at the convergence of four rivers and is surrounded by mountains, offering plenty of opportunities for outdoor adventure.
Tierra Magica
Nosara, Costa Rica
Nosara is the perfect example of what happens when a city is founded with a plan and the residents remain committed to that vision for decades running. Once used for grazing cattle, the land in and around Nosara has been developed very intentionally, and the results are really remarkable.
No high rise condos block your view of the beautiful sunsets on Nosara’s pristine beaches. Numerous conservation efforts and organizations work to maintain the area’s natural surroundings.
Nosara is known for its surfing, yoga, and healthy lifestyle options. It’s also a great place for families. It’s safe and has several really good schools.
And Costa Rica’s laid-back lifestyle easily adds to the reasons Nosara is one of the best places to live in the world. The locals are incredibly welcoming, greeting residents and visitors alike with the phrase “pura vida” (pure life) that’s become a motto of sorts for the country.
Nosara has a good-sized expat community, as well as the established infrastructure and development you’d expect from such a world-class destination.
Steve D.
Roatan, Honduras
The largest of the Bay Islands, Roatan is a great choice if island living is what you’re after. With plenty of development and consumer options, as well as an airport with direct flights from the U.S., there’s little need to ever leave the island.
There you can enjoy every imaginable aquatic adventure. From sailing to sport fishing to kayaking through the mangroves, it’s all possible in Roatan. Just off the coast you’ll also find access to the world’s second largest reef system, which makes for some incredible snorkeling and scuba diving.
Because it hasn’t quite yet reached the popularity of some of its Latin island counterparts, Roatan is still a bit more affordable. However with its growing tourism industry, including frequent visits from cruise ship passengers, Roatan’s appeal is being discovered by more and more would-be expats each year.
Despite its growing population Roatan still offers some off-the-beaten path areas that offer plenty of solitude, including a few villages that still don’t have electricity.
VivaTropical
Boca Chica, Panama
Another Panama destination has made the list, thanks to its attractive retirement benefits and amazing investment opportunities. Boca Chica is an island destination that’s still relatively unknown but has the potential for tremendous growth in the coming years.
Located in the Gulf of Chiriqui, it consists of a mainland city and an archipelago of over 50 islands, many of which are completely uninhabited. Residents of Boca Chica can spend their days exploring otherworldly islands covered in rainforests, mangroves, and even white sand beaches.
And because of its convenient location, those same adventurous expats can then take a quick shower and drive 45 minutes to enjoy a first-rate steak dinner in a world-class restaurant in the nearby city of David.
It’s this strategic location, combined with a whole host of ongoing infrastructure improvements, that makes Boca Chica real estate such a great investment.
An airport expansion that’s now bringing in direct international flights is among one of the biggest value-adds the area has seen. Folks can now fly in to David from anywhere in the world and find themselves in Boca Chica in under an hour.
P. Schenll
Granada, Nicaragua
Granada is another colonial city that’s absolutely brimming with culture and charm. Horse-drawn carriages still dot the cobblestone streets. If it weren’t for the freshly-painted tropical colors on the historic buildings, you might think you’d stepped back in time.
Well, that and the modern amenities available in the city, a stark contrast from the wilderness that occupies most of the rest of the country. In what’s a mostly underdeveloped country, Granada offers things like reliable utilities, four-star restaurants, and state-of-the-art fitness centers.
It’s located on Lake Nicaragua, one of the largest freshwater lakes in the world. It’s also surrounded by several volcanoes, so plenty of opportunities for exploration abound.
Granada is a town that fought its way back from near demise due to bankruptcy and other issues, but you’d never know it today. Instead, modern-day Granada is abuzz with construction projects and up-and-coming developments.
Granada real estate is extremely affordable, as is the cost of living in the country. It’s home to a number of expats, many of whom are involved in humanitarian efforts in the surrounding impoverished areas.
Ambergris Caye, Belize
If you want to feel like you’re on vacation 24/7 then look no further than the island of Ambergris Caye. Due to its status as a tourist mecca, it’s ripe with all kinds of activities and attractions.
There are surf shops and scuba schools, beach-side restaurants and bars, and plenty of flip flops and floral shirts. In fact, most of the island’s inhabitants are foreigners, particularly those who operate enterprises geared towards other expats and visitors.
The large expat community isn’t the only thing that makes Ambergris Caye feel familiar. Because Belize was originally a British colony, it’s the only Central American nation whose residents rely on the British legal system and speak English as their official language.
Among the biggest perks of the island are that it’s an ocean lover’s dream. Thanks to its proximity to the Belize Barrier Reef, the second largest in the world, it’s the perfect place to enjoy scuba diving, sailing, and sport fishing. You can also explore the more than 450 other islands that lie off the coast.
Antigua, Guatemala
If you’re looking for a place that’s a little less popular among expats and tourists, then you should definitely check out Antigua. It’s a well-preserved colonial city nestled in between some amazing mountains and volcanoes, which make for an impressive skyline.
Because it’s not as highly sought after as some of the other destinations on the list, the cost of living in Antigua is probably a little less than in some of its Latin competitors. Real estate is a great bargain, as are essentials like fresh fruits and veggies and utilities.
With the low cost of living, it’s also possible to splurge on luxuries such as domestic help, which at only $2 or $3 per hour is something many expats are thrilled to find that they can afford when they relocate to the tropics.
In addition to the mountainscapes, Antigua is also decorated with beautiful flora and fauna, as well as the cobblestone streets and other charming touches you’d expect in an ancient destination.
Equipped with just the right amount of infrastructure, Antigua is also known for its Spanish language schools.
Phil
Placencia, Belize
If you like Belize but aren’t crazy about the gringo-saturated island culture then the mainland city of Placencia is another place worth the title of best places to live in the world. If the islands are like living on a resort, then Placencia is like relaxing on a postcard.
The beaches are wider, whiter, and less crowded than in places like Ambergris Caye. There are still plenty of activities to enjoy, but there are also more places to spread out or even find a secluded spot all to yourself.
There’s also a more authentic Caribbean vibe on the mainland, which many expats prefer. It has an even more laid-back atmosphere (if that’s possible), with not even so much as a paved road anywhere in town.
As opposed to the expat-run businesses on the island, the locals are very involved in commerce in Placencia. They even offer guided diving and fishing excursions to visiting foreigners.
Plus, since Placencia is on the mainland, it’s also close to a number of activities suited for the land lover, like jungle exploration and archaeological sites.
Alex Torres
Lake Chapala, Mexico
Understandably Mexico is home to more U.S. expats than any other country. And, other than the border town of Tijuana, the majority of those live in the Lake Chapala area. So suffice it to say that 40,000 U.S. expats would agree that this city is one of the best places to live in the world.
Mexico’s largest freshwater lake, Chapala was once planned as a luxury resort town. It serves as a weekend getaway for locals from Guadalajara and has attracted expats for decades, including Tennessee Williams who chose it as the site from which to write A Streetcar Named Desire.
In addition to the beauty of the lake and surrounding mountains, Lake Chapala offers an ideal climate year-round. It’s also famous for its mariachi music.
Which of the best places to live in the world is right for you?
So if stunning scenery and adrenaline-pumping adventure are your thing, there’s a place on this list that’s right for you. If sustainable living and a relaxed vibe are what you’re into, there’s a destination where you can find those as well.
I’ve done the hard part by laying out the ten best places to live in the world. Now all you have to do is narrow it down.
You may think that owning island property in the Latin tropics isn’t possible within the budget you’ve set for your expat home abroad.
Prepare to be pleasantly surprised.
It’s true that, due to its high demand, island property may tend to run a little on the pricey side. (After all, there is only a finite amount of it available.) But, depending on the level of development and the number of amenities you’re seeking, it’s entirely possible to find remote real estate to fit any budget.
In fact, check out these 10 places you can own an island, or at least a nice-sized chunk of one, for $500,000 or less.
Alligator Caye, Belize: $99,000
Just reduced from $169,000, this property includes 10.7 acres on the southern end of Alligator Caye. It’s off the coast of Belize, slightly north of the town of Dangriga. The Belize Barrier Reef, the second largest in the world, lies just a few hundred yards in front of the property.
It can be reached by boat in 30 minutes from Dangriga or just 45 minutes from Belize City. A lagoon on the back of the island, to which the property has access, offers sheltered boat mooring.
This completely undeveloped island is a blank canvas in a popular area near the country’s largest tourist attraction, the reef. The area has been designated as a World Heritage Site due to its ecological importance. It’s also a great spot for fishing.
Boca Chica, Panama: $199,000 – $449,000
Video of a Glass House for Sale on Boca Chica Island
Boca Chica Island is a gem of a destination located just off Panama’s Pacific Coast in the Gulf of Chiriqui. Surrounded by over 50 mostly uninhabited islands, as well as some of the world’s best sport fishing, it’s currently one of the hottest places in the country to buy property. And it’s our only island project.
This is due largely in part to the newly expanded international airport in David, a number of other large infrastructure projects, and some really incredible scenery. It’s a beautiful place to call home, and it’s an even better place to invest in real estate.
There aren’t a ton of lots still available in the island’s Adventure Colony development, but what’s left is still a great bargain. You can get three acres full of old growth coconut trees, with a level spot that’s already been cleared for a home site, for only $199,000. It sits at the corner of a sandy beach and offers access to a private dock, as well as its own fresh water well.
Also on the island is a contemporary home with three bedrooms and two baths that comes complete with a fully modern kitchen, a solar power system, premium finishes, custom furniture, and air conditioning throughout. Its private dock is right in front of the home, which sits on .75 acres.
It also has a freshwater spring, a large storage bodega, and mature fruit trees. There’s even a caretaker who can continue to provide service to the property if you so choose. All this can be yours for only $449,000.
Belize Tropical Caye
South Saddle Caye, Belize: $300,000
Located off the southern tip of larger Saddle Caye, this island property offers a whopping 2.3 acres, making it a steal of a deal. The island has tons of coral along its southern and eastern shore lines.
On the eastern side, there’s a steep drop-off to over 50 feet, making it great for snorkeling. The western side has a shallow entrance that slopes quite gradually and is perfect for swimming in the beautiful water that’s characteristic of the area.
The western shore also has a great sandy area that would make a great beach after a bit of much-needed clearing. There are large black mangroves in many spots across the island, indicating a solid footing for building.
View from Cay, Satanoid
Secret Island, Belize: $350,000
Located just seven miles off the coast of Belize, Secret Island is a Caribbean getaway that offers loads of potential. At 2.5 acres, it offers plenty of room to build a few houses. There’s also a great beach and a deep cove to allow for a dock.
You would likely need to sand fill the island, in order to have a solid base for construction. Since it’s close to the mainland (roughly a 20-minute boat ride), the transport of building materials would be relatively simple.
The island’s landscape is remarkable with red and black mangroves surrounding it. The water is shallow, only knee deep at 30 yards out in some places. The island offers views of the mainland, as well as several other islands that are within a mile away, and the entire area is a UNESCO World Heritage Site.
Island in Lake Nicaragua, Kristian Golding
Granada, Nicaragua: $350,000
This small island is located in Lake Nicaragua, the largest freshwater lake in Central America. At just under a quarter of an acre, it has just enough space to hold a large three-bedroom, four-bath home and gardens with mature coconut trees.
The home has several terraces and a system for heating water from the fresh water well. There’s also a caretaker already on staff. The home is just five minutes from the nearest dock and 45 minutes from the capital of Managua.
Turneffe Point Caye, Serge Melki
Turneffe Point Caye, Belize: $350,000
With a whole acre to develop as you choose, this island on the north tip of Turneffe Atoll is a real bargain. It’s protected by the Belize Barrier Reef, which lies just 500 yards away. As a result, the water around the island is calm, even on the windiest of Caribbean days.
For access, the island is 28 miles away from Belize City, making it the perfect secluded destination. In addition to exploring the reef, it’s also a great spot to enjoy flats fishing.
Isla Paloma
Isla Paloma, Panama: $400,000
This .25 acre island is located in the peaceful Isla Paloma off Panama’s Caribbean coast, near Bocas del Toro. It has a white sand beach and too many varieties of fruit trees to name. It’s surrounded by a shallow lagoon and mangroves that help protect the island from erosion.
There’s little tide fluctuation and no history of hurricanes in this area. The island enjoys a mild tropical climate (averaging around 80 degrees). It’s also fully self-powered with its own water source, allowing for the possibility of year-round living or use as an income property.
The home itself has two bedrooms and one bath, plus a loft space. It’s fully furnished and includes all kitchen equipment, electronics, linens, and decor. Outside there’s a beautiful garden, party shack, and swim dock for entertaining.
The boathouse has five boat slips (two covered) and includes a 26′ panga style boat with an 85 hp Yamaha engine. There are also water sport toys and equipment, such as skiis, snorkel gear, ropes, life jackets, and a canoe. The separate workshop also comes with all the hand and power tools you’ll need to keep up the property.
Supplies can be obtained from the local town of Loma Partida, which has groceries, hardware stores, restaurants, and some activities. The nearest regional airport is 25 minutes away.
Roatan, Honduras: $469,000
Located on the popular island of Roatan, this property includes a well-constructed two-bedroom home, plus a separate apartment, that’s the perfect place to launch your very own sport fishing or aquatic excursion company. In fact, the current owners have already laid all the groundwork for a successful tourism operation.
The home includes high end finishes and an updated kitchen with modern appliances. There are two more bedrooms in the lower level apartment that has its own private entrance and patio.
As if this weren’t enough, the home also includes a tricked out boathouse, complete with a full kitchen and barbecue area, four private docks, and plenty of areas for lounging. There are two boat lifts, an overhead deck, and tons of storage.
If a tourism business is in your plans, the owners have their successful charter business for sale. Other income options include rental of one of several boat slips or of the downstairs apartment. The possibilities with this property are literally endless.
Bocas del Toro, Jacob Kirkland
Isle of Navarro, Panama: $500,000
This island is located out from Dolphin Bay near beautiful Bocas del Toro. In addition to the generous nine acres of dry island, there’s also a 2800 square foot house that’s built out over the water in the popular style of the area. There’s also a separate residence that can be used for guests or a caretaker.
The island is covered in lush vegetation, which includes pineapple plants, coconut palms, orchids, and banana and papaya trees. It also comes with a 26′ boat with 40 hp motor as well as two generators for power.
Among its other amenities include the island’s proximity (only five minutes by boat) from Bocas del Toro, the country’s top tourist destination.
Nicaragua Island, Steve Summers
Pink Pearl Island, Nicaragua: $500,000
One of the Pearl Cays, this two acre island is only three miles off Nicaragua’s Caribbean coast. Although it could also work as a private personal retreat, the property is currently being used as a tourist business, making it the perfect turnkey property for the entrepreneurial expat.
The options are endless, as the area is great for both sport fishing and scuba diving. It’s a beautiful piece of property with turquoise waters and white sand beaches. It’s protected by the surrounding reefs and other islands and covered in lush flora and fauna.
Structures on the island include three cabanas, each with two double beds and a private bath, an eight-person bunk house with shower room, and a circular main house with a downstairs kitchen and living area and an upstairs master suite with a balcony that offers 360 degree views of the island. There’s also a restaurant/bar with bamboo tables and chairs and a workers’ cabin with kitchen and bedroom space.
The island is easily accessible by boat, but you can also charter a helicopter from Managua or the nearby Bluefields or Corn Islands. There’s a pier on the front of the island, and the purchase includes a 25′, 150 hp speedboat, “The Black Pearl.”
Other features include a heart-shaped swimming pool and a small bamboo beach shower. The property is powered by a 5500-watt generator and is wired for cable and phone service.
So, don’t give upon your dream of owning an island just yet. Check out our island real estate listings to see what’s available, or ask us how we can help.
Steve’s Travel World
Granada, Nicaragua real estate is a popular choice among investors and would-be expats who are looking for a bit of a different experience than those offered by many popular tropical destinations.
While similar to many of its Central American competitors in its beauty and charm, Granada offers an adventurous and authentic experience that appeals to a uniquely special breed of expats.
Granada, Nicaragua Real Estate Stands Out from Its Surroundings
One of the most important factors that makes real estate in Granada so distinctive is the way the city functions as a sort of oasis among the Nicaraguan wilderness. While the country is Central America’s largest area-wise, it’s also the least populated.
Much of the nation is uninhabited and lacks modern amenities and infrastructure. Yet, there amidst it all is Granada real estate, the city that has stood since it was first established as one of the continent’s earliest settlements.
Among its attractions is its ancient Spanish colonial architecture, which consists of block buildings, vibrant colors, clay tile roofs, and open courtyards. The beautiful buildings are situated along cobblestone streets lined with horsedrawn carriages and dotted with shady parks.
While it may seem for a moment like you’ve traveled back in time, the first world comforts available in Granada will quickly zap you back to reality. Although the city is quaintly traditional, it still enjoys such modern amenities as reliable utilities, phone, and internet service. Not to mention luxury hotels, four-star restaurants, and state-of-the-art fitness centers.
Khaufle
It Offers a World of Adventure Right at Your Fingertips
In addition to these conveniences, Granada also benefits from close proximity to a number of natural attractions that lure adventure-seeking expats from all around the globe. Surrounding the city are forests, farmland, lakes, volcanoes, rainforests, and even the nearby Pacific Ocean.
The city itself is located on Lake Nicaragua, one of the largest freshwater lakes in the world. The lake is dotted with 365 tiny islands, many of which are inhabited. It’s also home to the world’s only freshwater shark that adapted, along with a number of other species, to a salt-free life after the lake was formed by a volcanic eruption thousands of years ago.
Also nearby is the towering Mombacho volcano, which affords spectacular views of the lake, as well as opportunities to see howler monkeys, birds, reptiles, and deer. The Laguna de Apoyo, the local swimming hole that’s one of three volcanic lagoons, is another great place to spot exotic species of flora and fauna.
If you’re looking for more than swimming, you can head on over to the coast, which is about a 90 minute drive from Granada. There you’ll find some of the most beautiful beaches in Central America, popular among surfers from around the world.
Boris G
How Granada Bounced Back from Near Demise
Granada has long existed as a sleepy little colonial town nestled in the middle of a largely underdeveloped region. However, almost 30 years ago it lacked much of the appeal it possesses today.
The country itself was debt-ridden and bankrupt, and the ancient city had suffered as a result. Much of the town looked forlorn and weary, and its historic buildings were deteriorated and in disrepair.
Around 1990 the country launched an initiative to encourage foreign investment and assistance, and aid began to pour in. Sources included American and European expats and investors, as well as substantial interest from the Spanish government.
Foreigners began to purchase Granada, Nicaragua, real estate, buying up historic buildings and turning them into residences, rental properties, and new businesses. The growth was steady until around 2007 when the global economy took a hit, but it quickly resumed once the market began to bounce back.
Today Granada is a hubbub of construction and improvement projects. It’s the most rapidly growing city in a country that has one of the fastest GDP growth rates in the region.
The city’s infrastructure has also come a long way, with plenty of access to cable and cell service. There are Internet cafes, libraries, health food stores, and still plenty of room for investment opportunities.
Granada Offers Incentives for Expats and Investors
To encourage continued growth and development, the Nicaraguan government has implemented several incentives that make living and investing there quite appealing.
Law 306
This bill offers a number of tax-free incentives to those who invest in the tourism industry and real estate development. Those who qualify can be exempt from taxes on real estate for up to 10 years. This even includes a savings of between 80-100% on the income tax applicable to rental profits.
Other benefits include sales tax exemptions on supplies purchased for tourist projects and exemptions from the transfer tax applied to real estate transactions. Since its implementation in June of 1999, the country has approved well over 400 tourism projects for a total of close to $3 billion in investments.
Decree 694
More recently, the Nicaraguan government followed the lead of some of its Central American neighbors and began offering a package of retiree discounts and tax exemptions. Qualifying individuals (those over age 45 who have a minimum monthly income of $600) can import their household goods (up to $20,000) and a vehicle (valued at $25,000 or less) with no tax repercussions.
They can also bring in another car duty-free every 5 years and receive a tax exemption of up to $50,000 on the cost of building materials for constructing a home.
Adalberto.H.Vega
One of the Biggest Benefits of Buying Granada, Nicaragua Real Estate
If its authentic charm and gorgeous natural surroundings aren’t enough to make you fall in love with Granada, then its price tag may do the trick. Despite the fact that it’s an established destination with many of the same amenities as some of the top expat havens, Granada is a surprisingly affordable city.
Inexpensive luxuries like an hour long massage ($20) and a meal in a high end organic cafe ($4) allow for an exceptionally high quality of life on an extremely reasonable budget. In fact, with affordable rental rates to round out the equation, many couples find they’re able to live on a budget of a mere $1200 per month on average.
Even though it’s considered prime real estate, and valued slightly higher than most other areas in the country, Granada is still a very affordable place to live, invest, and raise a family. From real estate to a four-course meal, most things still cost at least half what they would in the U.S.
Granada’s Expats Are Truly Special
Many Latin cities have their own close-knit expat community. But Granada’s is a unique group. Perhaps due to the city’s status as an established town in the midst of an underprivileged area, many of its expats share a strong commitment to volunteering and improving the living standards of the surrounding community.
Its foreign population includes many teachers, anthropologists, environmentalists, agricultural specialists, and even students looking for some hands-on experience with humanitarian projects. There are schools, research programs, health clinics, and a number of other opportunities for employment and volunteer work.
As a result, much of Granada’s expat population is youthful and energetic. With the low costs of buying real estate and starting a business, many young entrepreneurs are choosing Granada as the perfect place to start their businesses or try out self-employment.
Craig James
Granada, Nicaragua Real Estate Options
Another great thing about Granada is the wealth of property types and living options it offers. There are colonial homes in the historic district, many of which now boast air conditioning and swimming pools, for between $150,000 and $250,000. You can also buy one that needs fixing up and do the work yourself, or just rent a room in someone else’s colonial mansion for a mere $400 per month.
Some expats have taken these historic homes and turned them into properties that double as both their residence and business or office. Still others opt to rent properties on the outskirts of town, where many claim to be able to live more like the locals and get by on only $800, including rent.
Sally South American Cruise
What Your Money Will Currently Buy in Granada
For comparison’s sake, here are a few properties that are currently on the market in Granada, Nicaragua.
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A mere $69,000 will get you in a 2 bedroom, 1 bath fixer-upper that’s a 5 minute walk from the Central Park, with its restaurants, bars, and market.
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$165,000 buys a turn-key 2 bedroom, 2.5 bath property in the city center that was recently remodeled and includes a pool and second-floor terrace.
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Your $185,000 investment can purchase a 3 bedroom, 4.5 bath home that’s 2 blocks from the main strip. It has walk-in closets, several gardens, dedicated parking, and an ornate iron fence that encloses the entire property.
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For $215,000 you can buy a 3 bedroom, 2 bath home within walking distance of the Plaza Central and all its dining and shopping options. It includes a pool and terrace with views of Volcan Mombacho.
As a destination that hasn’t [yet] seen quite the boom that some other Central American cities have experienced, Granada is an excellent choice for expats and investors who don’t want to feel like they’re buying at the top of the market.
And with its entrepreneurial, philanthropic, and adventurous set of expats, the city’s appeal is likely to continue to grow in the coming years. As a result, it’s a great place to invest and an even better place to start a new chapter of your life. For everything you need to know about the Granada, Nicaragua download our starter kit today.
Map of Granada, Nicaragua
Granada, Nicaragua Fast Facts
- Population: 117,569
- Typical temperature: Most days are between 82 and 88 F, year round
- Major airports with U.S. flights: Granada is served by Augusto C Sandino Airport located in Managua, Nicaragua
- Nearest U.S. consulate: Managua, Nicaragua
The U.S. State Department estimates that there are currently 6.32 million Americans living overseas, in over 160 countries. But where exactly are they choosing to reside?
Thanks to a new interactive map that uses migration data from the United Nations Population Division, we can now tell where Americans are living abroad (as well as nationals of any other foreign country).
Not surprisingly, many of the countries that top the list of popular destinations for U.S. citizens are located just to the south, in Latin America. Due in part to their proximity, pleasant climates, and affordability, the countries of Central and South America are a natural choice for would-be expats who are looking to experience something new.
Here are a few of the most popular countries U.S. immigrants choose, along with what makes them such desirable destinations.
Joseph Martinez
849,000 Americans Live in Mexico
With an astounding number of U.S. immigrants (more than twice that of just a decade ago), Mexico is the #1 place Americans go when they leave the U.S. It’s also more than twice that of the second most popular country, Canada.
In fact, you might also be surprised to know that more people from the U.S. have moved south of the border than Mexicans have moved north. And the reasons for this choice are numerous.
For starters, relocating to Mexico is just easy. It’s close. There are plenty of other expats. You can access the country with only a short flight, or even drive across the border if you really want to.
In many places the infrastructure is good, quality health care abounds, and it can all be had at a fraction of the cost of living in the U.S. The long-standing U.S. expat presence has paved the way for newcomers, and there are plenty of the same U.S. franchises and name brands that foreigners recognize.
Yet despite its U.S. influence, Mexico maintains a rich culture that many say has been lost in other expat havens, such as countries in Europe. Mexico’s immigrants claim the country is alive with possibility and a vibrance that just isn’t found anywhere else right now.
Dave Bezaire
39,000 Americans Live in Ecuador
Ecuador continuously battles nearby Panama for top billing as the world’s best place to retire. In 2014 it lost by only .1 of a point, according to International Living’s annual survey. Among the reasons for its consistently high scores are its unrivaled scenery and its extremely affordable cost of living.
A couple can live quite comfortably in most Ecuadorian cities on $1500 to $1800 per month, which includes housing and even luxuries like a part-time maid. That same feat can be achieved elsewhere in Latin America, but it won’t come with the same quality of life.
Ecuador has historic colonial cities like Quito and Cuenca with their cathedrals and Spanish colonial architecture. The weather in the mountains is pleasantly mild, and even on the coast the temperature rarely reaches 90 degrees.
There’s good private health care, particularly in the large cities. Infrastructure is also improving, with enhancements like a new airport just outside Quito and the widening of the Pan-American Highway.
The country’s economy is stable and growing, The friendly and welcoming Ecuadorians are thriving, enjoying better lifestyles than previous generations.
Sergio Quesada
13,000 Americans Live in Costa Rica
For a few decades now, Americans have been flocking to Costa Rica for its natural beauty and the “pura vida” (pure life) atmosphere it offers. Named the world’s happiest country, accordingly to the 2009 and 2012 Happy Planet Indexes, it possesses a lot of factors that contribute to an overall fantastic quality of life.
Both Costa Rica’s locals (called Ticos) and expats enjoy a much slower pace of life than U.S. residents are used to. There are plenty of options for healthy living, including yoga classes and organic food options. The country is also committed to sustainability, and green initiatives abound.
The country’s public health system is among the best in the world (ranked higher than that of the U.S.). After a monthly payment that’s based on income (between $50 and $150 for most expats) residents receive health care that’s completely free and includes routine visits, prescriptions, and even major surgeries. No exclusions apply due to age or pre-existing conditions.
Costa Rica is safe, politically stable, and enjoys year-round warm weather, although the higher Central Valley is even milder than the tropical coasts. There’s also a great pension program for retirees earning an income of $1,0000 or more from an outside source.
Bocas del Toro via Tysnfst
12,000 Americans Live in Panama
Edging out Ecuador to take the top spot as the best place to retire in 2014, Panama is a popular choice among expats for its convenience and affordability, as well as its unmatched retirement program. Thanks to some new visa options, it’s also recently become an even easier place to live as an expat.
Its list of conveniences includes easy access, thanks to several international airports, a dollarized economy, widely-spoken English, and a thriving international community. The country is also undergoing a massive overhaul of infrastructure projects ranging from new highways and a metro system to an expansion of the canal.
Few Latin American countries can rival Panama’s variety and value. It has quaint mountain cities flanked by rainforests and coffee plantations, laid-back Caribbean beach towns, and a bustling first world capital city that has a national park within its city limits.
Panama’s pensionado visa has always been a popular choice. It’s available to anyone, regardless of age, who can prove $1,000 per month income from a guaranteed source. For those who qualify, the list of benefits and discounts are too extensive to list.
Much of Panama is more affordable than its Costa Rican neighbor, in many cases with the same or better amenities, making it a great place to invest in real estate or the growing tourism industry.
Guillén Pérez
8,000 Americans Live in Guatemala
Guatemala, known as the Land of the Eternal Spring, has also crept onto the radar of many U.S. expats in recent years. Its popularity is largely due to the fact that it shares many of the same perks as its Latin American neighbors (slower pace of life, beautiful surroundings, close proximity to the U.S.), without being too overcrowded.
It’s also a bit less expensive than some of its competitors, with expat couples claiming the ability to live comfortably on well under $1500 per month. Domestic help, like the services of a maid or gardener, is only $2-$3 per hour. And a week’s worth of fresh fruits and vegetables costs only $6-$10 at the market. Real estate in Guatemala is also on the affordable side.
One of the country’s biggest selling points is its authentic culture, particularly the area around Lake Atitlan, a popular expat destination. Located about 75 miles from Guatemala City, the lake is surrounded by volcanoes and a number of villages where natives still practice their ancient Mayan traditions.
Even closer to the capital is Antigua, which is full of cobblestone streets and colorful flora. Much of the country enjoys a mild climate with warm days, cool nights, almost no humidity, and little need for either heating or air conditioning.
David F. Barrero
4,000 Americans Live in Nicaragua
Two of Nicaragua’s most beautiful colonial cities, Granada and Leon, aren’t just impressive due to their shady parks and Spanish architecture. They’re also among the hemisphere’s most ancient.
Granada and Leon continually vie for the title of Oldest City in the Americas. Both boast colonial churches and public buildings, as well as plazas that are well-preserved specimens of the area’s rich history.
Equally breathtaking are the country’s two coastlines (one sand, one surf), its jungle and cloud forests, its lakes and volcanoes, its capuchin monkeys and rare orchids. Visually, Nicaragua is a rare gem, having much of the same ecotourism appeal as Costa Rica and Panama, just less discovered, less developed, and less expensive.
In fact real estate, even in some of the developed areas, is quite a bargain in Nicaragua. Land on the Pacific Coast selling at 40-50% below its peak, and a small Spanish-colonial home in Granada can go for as little as $40,000-$50,000. Many developers are quite eager to sell, offering special deals and discounts such as developer financing.
Zhu
3,000 Americans Live in Belize
Like its Latin American neighbors, Belize offers an amazing climate and an affordable lifestyle. It also delivers stunning natural beauty, much of which is completely unspoiled. Adventurous expats can explore its sandy white beaches, tropical rainforest, ancient Mayan ruins, mountains, waterfalls, and more.
Most notably, the warm waters off the coast of Belize are home to the world’s second largest barrier reef (the largest in the western hemisphere), which makes for excellent diving, snorkeling, fishing, windsurfing, and a number of other aquatic activities.
Also, as the only English-speaking country in Central America (due to its origins as a British, rather than Spanish colony), Belize is an easy place for expats to make themselves comfortable. The country’s system of law is also based on British principles.
Another perk of living and investing in Belize is its stable economy. It has one of the lowest inflation rates in the world and a number of tax benefits for residents and investors. As a result, it’s also a popular offshore banking center.
So, if you’re considering relocating to Latin America, those are a few of the places where you might be most likely to have other expats as neighbors.
But don’t read much into the numbers other than just that. No single expat destination is right for everyone, so a country that draws thousands of new immigrants each year might have no appeal for you at all.
The decision to become an expat is life-changing one. The process of deciding where is the fun part. Start exploring today.
Everything you need to know that happened in the last 2 months in Nicaragua.
Each day we sift through hundreds of articles in English & Spanish to bring you the very best ones from Central America.
From investment indicators to new infrastructure projects. Adventure stories to politics. It’s all here.
Nicaragua March 2014.
Martapiqs
Nicaragua Lifestyle
- Expats No Longer Consider Nicaragua to be “The Next Costa Rica” (Costa Rica Star) – Not so long ago, in the early 2000’s Costa Rica dropped from the radar of long-term visitors, expats, and retirees.Why? Many expats started looking for a “cheaper place” or “the next Costa Rica,” and turned their eyes toward Nicaragua, the ultra-cheap neighbor to the north.
- Nicaragua’s new constitution becomes law (BBC) – Recent political developments, however, may prompt many expats to erase Nicaragua from their lists. But hold on, these changes to Nicaragua’s constitution only help its leader, Daniel Ortega, run for a third consecutive term.It doesn’t guarantee it, so don’t be too quick to mark Nicaragua off your best place to retire in Central America list, because it still is a bargain. Also See World’s 2 Best Budget Retirement Destinations (Huffpost)
- Live and Work Abroad When You Retire (Kiplinger) – Nicaragua might be the last place you thought to start your ‘encore’ career overseas. But the truth is, you can throw your hectic lifestyle in the trash can and move your job to Nicaragua.
boris
Nicaragua Investment
- Nicaragua foreign direct investment grows 17 percent in 2013 (CCTV) – Nicaragua’s foreign direct investment grew 17% in 2013, with a total of $1.5 billion in investment.
- Central America upgrades cruise ship, airport facilities in race to attract more tourists (Tico Times) – Nicaragua is aggressively investing in its airports, cruise ship facilities, hotels, and other tourism infrastructure in a race with its Central American neighbors to attract more FDI to its shores.
- (Prensa Latina) – Not known as the top spot to visit in Central America, Nicaragua is hoping to change that with a $50 million investment in its tourism program.
Dane Brian
Nicaragua Tourism
- Falling Under the Spell of Nicaragua’s Corn Islands (Valley News) – Did you know Nicaragua is home to some rather spectacular Caribbean islands?Yep, and it was in 1894 that Nicaragua claimed these fringe islands, but with no roadways linking the capital to the marshy eastern coastline, the Corn Islands remained a world apart. But not now, linked by both water and air, the Corn Islands are ripe for the visiting.
- Why you’ll fall in love with Leon, Nicaragua (Voxxi) – If dipping your toes in blue Caribbean water isn’t enough, then here are 20 good reasons why you should go to Leon, Nicaragua, perhaps Nicaragua’s most famous colonial city.
- Surf’s Always Up in Nicaragua (Nearshore Americas) – Surfing in Nicaragua is rapidly growing. Who is behind the growth? All those pioneering surfers seeking to escape Costa Rica’s increasingly crowded waves.
- David Cordua’s Nicaragua cheat sheet (Houston Chronicle) – When you least expect it, Nicaragua will surprise you. So book your ticket while Nicaragua remains as one of the cheapest places to kick up your feet in a hammock in Central America.
Daniel Fajardo Valenti
Nicaragua Real Estate
- Using Bitcoin, U.S. Banker Makes Home in Nicaragua (El Nuevo Diario, Nicaragua) – Did you know you can buy real estate in Nicaragua with Bitcoin? This guy did it.
- Revision: Nicaragua’s Safety Numbers (Near Shore Americas) – You wouldn’t think this about Nicaragua, but Nicaragua is the second safest country in all of Latin America.
- The World’s 7 Best Budget Destinations (Huffington Post) – Not to mention Nicaragua is home to Granada, which ranks 5th on Huffington Post’s “The World’s 7 Best Budget Destinations” list.
Antanacoins
Nicaragua Economy
- Latin American Countries Should Ditch the Dollar for Bitcoin (Panama Post) – There is speculation that tech savvy young Latin Americans are looking for more ways to be free and independent, and they have it within their power to do so with Bitcoin.
- The Most Important Alliance You’ve Never Heard Of (Carnegie Endowment) – The Pacific Alliance might be one of the most important economic alliances you have never heard of, whose members lead the lists of the most competitive economies in Latin America and those where it’s easiest to do business.Why is this important? Together, they represent 36 percent of the region’s economy, 50 percent of its international trade, and 41 percent of all incoming foreign investment.
- Can Nicaragua’s economy sustain 5% growth? (Confidencial) – Bitcoin and economic alliance aside, despite being among the hemisphere’s poorest countries, public opinion in Nicaragua is consistent with macroeconomic data showing an economy that’s overachieving in many areas. The challenge now lies in how to accelerate economic growth to levels where Nicaragua can start to reduce its poverty rate.
i09
Nicaragua Environment
- Voyage to the Central American Dome, the Forgotten Sea (News Watch National Geographic) – Just off the shores of Nicaragua lies The Forgotten Sea, a nutrient rich area located hundreds of miles off the coast of Nicaragua, Central America. Most of it lies in international waters, outside of national jurisdiction and is known as The Central American Dome. See more about the dome here.
- Scientists are appalled at Nicaragua’s plan to build a massive canal (i09) – Scientists are appalled at Nicaragua’s plan to build a massive canal. However without a doubt the new route would boost the country’s economy and rival the one in Panama — but scientists say it would be an environmental and social catastrophe.
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Rinaldo W.
Ecuador vs. Nicaragua. Which is the better place to live overseas?
When it comes to choosing a destination in Latin America, both Nicaragua and Ecuador are great options. Both enjoy incredible eco-diversity, numerous opportunities for adventure, and a whole lot of bang for your buck.
Ecuador has consistently been named one of the world’s best places to retire. Nicaragua, which has historically remained off many expats’ radars due to its troubled past, has risen to the ranks of being the safest country in Central America. Today it’s emerging as one of the top destinations in the region.
So, which of these countries is the better option for your family’s much-anticipated move abroad? Well, that depends on you and how you’d like your life to look in your new home overseas.
While we can’t make a recommendation that’s right for everyone we can show you how the two stack up in several important categories in this Ecuador vs. Nicaragua stand-off.
Use the Infographic on your site:
Round #1 – Lifestyle Hacks
Winner: Nicaragua
One of the best ways to improve your lifestyle when living overseas is by hiring domestic help, something many can’t afford in North America. For instance, in Ecuador the cost to hire a maid for the day is $10.
Sound like a good deal? Not as good as Nicaragua where you can employ a full-time helper, like a nanny or caretaker, for just over $100 per month (depending on their hours and responsibilities). Domestic help is generally easy to find, but it’s important to screen applicants carefully. A safe bet is to hire a close friend or family member of another maid who is a known good worker.
Theragans
Round #2 – Internet Connectivity
Advantage: Ecuador
In terms of Internet penetration, speed, and quality, Ecuador wins this category. Overall it has more widespread affordable access, with over 35% of the population connected (vs. 10% in Nicaragua).
The main difference between the two is with Internet access in rural areas. In Nicaragua there isn’t any. By contrast, Ecuador has public access centers, called Infocentros, that are available (and free) even in more remote areas.
Connectivity is definitely on the agenda of both countries’ governments. Even Nicaragua has increased its availability 30-fold in the past 5 years alone. However, it still lags a considerable distance (12,628 internet hosts to Ecuador’s 170,538) behind Ecuador, whose goal is Internet access in 50% of its households by 2015.
Johnny Chunga
Round #3 – Living Options
Outcome: Ecuador for Variety, Nicaragua for Safety
While both Ecuador and Nicaragua boast their share of colonial towns, coastal paradises, and mountain hideaways, Ecuador’s four distinct regions offer much greater diversity in scenery and climate.
Popular Ecuadorian cities include the mountain towns of Cuenca and Loja, with their colonial charm and modern amenities. Also, on the coast, are places like Salinas and Montanita, which attract a large number of beach-goers. Ecuador is also home to the Galapagos Islands, perfect for nature-lovers.
Nicaragua also has its fair share of expat hotspots, and many are growing at increasing rates. Granada, which is situated on Lake Nicaragua, is a popular favorite. As is Leon, another colonial city that also boasts close proximity to the Pacific Ocean. Nearby beach towns include San Juan del Sur, famous for its surfing and nightlife. The Corn Islands are also an option for those seeking a Caribbean vibe.
It’s also worth noting that Nicaragua is now the safest nation in Central America, while crime continues to be a problem in Ecuador. However, it’s entirely possible to live safely in either location (and without burglar bars). What’s important is to use common sense and avoid appearing overly “flashy” or waving wads of large bills when paying for items.
Game of Light
Round #4 – Green Living
Clear Winner: Ecuador
When it comes to conservation and sustainability, Nicaragua is the land of missed opportunity. The largest country in Central America (and the least populated), Nicaragua is full of natural resources. However, several factors are preventing the nation from realizing its potential.
The lack of enforceable land rights has led to massive deforestation and a lack of government regulation. Pesticide use is widespread, and there’s little safe drinking water. Only 6% of the nation’s forests are protected.
Compare this with Ecuador, which has the lowest environmental footprint in the world. It’s also the only country in the world whose constitution protects the rights of its natural environment. Ecuador is also home to Yasuni National Park, the most biodiverse spot on the planet. Their efforts to protect it from the harmful effects of drilling its 800-million barrel oil reserve have been among the most creative in history.
Barefoot Expeditions
Round #5 – Cost of Living
Slight Edge: Ecuador
While both countries enjoy a very reasonable cost of living, prices in Ecuador are generally more affordable. This is particularly true when it comes to consumables, like groceries and restaurant meals (26% and 24% higher in Nicaragua, respectively). It’s also true of the country’s inexpensive health care.
In Ecuador, a couple could live simply on about $1200 per month, including rent which runs around $450 on average. Factored into this amount are expenses such as public transportation (in other words, not owning a car) and once-per-week maid service.
Two big exceptions are rent and transportation to North America. Home rentals run around 33% less in Nicaragua. It’s also much cheaper (and shorter) to fly to the U.S. More on that coming up.
Julie Rubinic
Round #6 – Ease of Access
Winner: Nicaragua
Ecuador has two international airports, Quito (UIO) and Guayaquil (GYE), although most travelers fly into Quito. Flights arrive from U.S. cities like Miami, Houston, and New York, as well as nearby Panama City, Panama, or Bogota, Colombia.
Due to its close proximity to the U.S., Nicaragua offers frequent short flights to a number of major U.S. cities. American Airlines has 3 daily flights from Miami. There are also daily flights from Atlanta (Delta) and Houston (Continental). Spirit Airlines also offers 3 flights per week from Fort Lauderdale.
In addition to international flights, which land at Sandino International Airport in Managua, there are also a number of domestic airlines that fly to cities across Nicaragua, including the Corn Islands. Nicaragua also offers short flights to nearby Costa Rica and Panama.
Vilseskogen
But once you’re in Ecuador, getting around’s a breeze.
It’s worth mentioning that, while Nicaragua is easier to get TO, Ecuador is a piece of cake to get around IN. The country’s transportation system is bordering on excellent. Thanks to subsidized fuel costs, there are inexpensive domestic flights. You can also fill up your car for as little as $1 per gallon.
Round #7 – Business Climate
Slight Advantage: Ecuador (for Now)
Let’s face it. Neither of these two countries has a gleaming record of political stability. Ecuador saw 48 presidents in its first 131 years as a republic. And while Nicaragua’s Daniel Ortega has certainly done some good for the nation’s economy, he’s not exactly known for his friendliness to businesses. He’s also currently pushing legal reform that will essentially result in the possibility of his limitless reelection.
As a result, this category was a tough one to call. We’re awarding it to Ecuador, mainly because Rafael Correa has a somewhat better track record as a political leader. In addition, the Ecuadorian government has been taking strides towards reducing its influence in various sectors and allowing independent businesses to function more…well, independently…due to new privatization laws. As a result, the country has seen considerable economic growth.
While we’re on the subject of government and bureaucracy, Ecuador also boasts the easier process for obtaining a visa. The whole ordeal is generally faster, cheaper, and less confusing than in Nicaragua where there aren’t a lot of resources for information. The biggest downside? If you leave for 6 months you lose your visa.
ST Jenna
Round #8 – Banking
Outcome: Nicaragua Wins
Both Nicaragua and Ecuador require that you jump through quite a few hurdles in order to open a bank account as a foreigner. However, once your account is established, you’ll generally find that Nicaragua offers the better banking experience for North Americans.
While it does use a different form of currency (the Cordoba), most establishments will also accept the U.S. dollar. (Note: Ecuador has had a dollarized economy since 2000.) What’s more, many Nicaraguan banks (6 at last count) hold relationships with U.S. financial institutions. This makes for an easy process when transferring money. However, it also means that “they” can see your money and where it’s going. Banks in Nicaragua also pay competitive interest rates on deposits.
The performance and transparency of Ecuador’s banks has improved in recent years. However, they still struggle with implementing and enforcing uniform regulations. Their accounting standards are also subpar. In possibly its worst offense, Ecuador also charges a 5% tax on all funds transferred out of the country. Ouch.
It’s easy to see why Nicaragua is the natural choice for banking of the two countries. That being said, neither of these is a place you’d want to choose for stashing large amounts of cash. There are just too many better options globally.
Dane Brian
Round #9 – Investment Opportunities
Winner: Ecuador
We mentioned that Correa has made some decent accomplishments during his tenure as president. One of the best ones from an investment standpoint? Infrastructure. Massive improvements in infrastructure.
Why does that matter? Glad you asked. Infrastructure upgrades (or even rumored ones) equal huge potential to savvy investors. Buying a beautiful piece of untouched beach that’s about to become more accessible due to a new road coming in is a tried and true strategy and one that we’ve written about extensively in our new ebook, Pay Dirt.
In addition to real estate, investing in tourism is also a smart move right now in Ecuador Real Estate. The country has a ton of amazing attractions, yet its existing tourist infrastructure is grossly underused. Plus the government offers a wealth of tax deductions and other incentives to foreign investors.
A. Scott
Similar laws and incentives exist to encourage tourism investment in Nicaragua, as well. Also, organizations like PRONicaragua aim to assist foreign investors by providing support services to those looking at potential business opportunities there.
Round #10 – Healthcare
Slight Edge: Ecuador
When it comes to Ecuador vs. Nicaragua, both countries enjoy clean, modern, quality healthcare facilities with well-trained medical staffs. However, the level of care and accessibility of treatment are slightly higher in Ecuador. Most of the doctors speak English, and many even trained in the U.S.
Costs are comparable in both countries, with a visit to a specialist costing no more than $25-$30 and an overnight stay in a private room still under $100. Accessibility is fairly widespread, but–as is true of most developing countries–availability and quality is far better in and around larger cities.
Perhaps the biggest difference in this category comes in the direction both countries’ systems are heading. While Nicaragua’s healthcare stands in need of some improvement, Ecuador’s government is currently taking strides to improve its own system.
Retro Traveler
Round #11 – Consumer Goods
Verdict: It’s a Tie
When it comes to consumer goods, Ecuador definitely wins for the availability of products. In Ecuador you can find a variety of domestic and imported products. However, due to recently imposed taxes and restrictions on imports, items such as vehicles and cell phones are becoming more scarce and expensive.
As a result, Nicaragua (although it has less to offer in the way of variety) may soon offer the better value on consumer products. This may become increasingly true as the country continues to attract more and more expats. Where expats are, imported products aren’t often far behind.
K. Kamikaze
Round #12 – Foreign Land Ownership
Victor: Ecuador
The laws of both countries are favorable towards foreigners who want to own land in either Ecuador or Nicaragua. Property rights are guaranteed in each nation’s constitution, and they apply equally to foreigners as well as nationals.
While Nicaragua does restrict property ownership near its borders, Ecuador has no restrictions whatsoever on foreigners owning property. The buying process is similar in both countries, requiring due diligence to carefully research the title and ownership. The services of a qualified attorney can simplify the buying process in either country.
K. Sevik
Ecuador vs. Nicaragua – Grand Champion?
While the match-up looks to have been a slaughter, with Ecuador taking the grand prize in this Ecuador vs. Nicaragua competition, we’d advise you to take this information with a grain of salt. While we’ve tried to remain as objective as possible, the decision of where to relocate as an expat is one that can only be made through your own careful consideration.
Articles and comparisons are helpful, but there’s just no substitute for seeing a destination with your own two eyes and exploring it with your own two feet. If one, or both, of these countries is on your short list, book a trip to check it out for yourself. A trip to the Latin tropics is sure to prove a delight for all the senses.
Map of Ecuador
Ecuador Fast Facts
- Population: About 15.49 million
- Typical temperature: Ecuador is known for its micro climates, learn more here.
- Major airports with U.S. flights: Quito, Cuenca and Guayaquil. Complete list of airports in Ecuador.
- Nearest U.S. consulate: Quito and Guayaquil
Map of Nicaragua
Nicaragua Fast Facts
- Population: About 5.99 million
- Typical temperature: There are three temperature zones in Nicaragua. In the lowlands (Pacific and Atlantic coast) temperatures vary roughly between 72° F at night and 86° F at daytime (22° C – 30° C). Temperature can reach 100° F in May (38° C). The central part of the country is about 9° F (5° C) cooler, and in the mountains in the north it’s about 18° F (10° C) cooler.
- Nearest airport with U.S. flights: Managua
- Nearest U.S. consulate: Managua
Adalberto Vega
Nicaragua just might be Central America’s best kept secret. For years it’s been considered by many tourists as too dangerous to explore. This has kept it more affordable and less developed than nearby Costa Rica which has been a tourist and expat hotspot for years.
Yet today Nicaragua boasts the title of being the safest country in Central America and is making a comeback.
For those interested in getting in before everyone else does, here is where to live in Nicaragua with the best to offer North Americans hoping to relocate.
Granada
Spend one moment in Granada and you will understand why some travelers showed up and never left. The beautiful, brightly colored Spanish colonial architecture and lively squares and markets meld the enchantment of a European city with a small Latin village.
Situated on Lake Nicaragua beneath the Mombacho Volcano there is plenty of nature to explore. Lake Nicaragua has hundreds of little islands that some people have actually purchased and built homes or restaurants on. You can explore these islands by kayak or boat tour. Mombacho has plenty of hikes and climbs that offer epic views of the lake and islands. Daytrippers can also go to the Laguna de Apoyo which is a swimmable lagoon in the center of an erupted volcano.
The natural beauty, local culture, and colonial architecture have already brought plenty of expats who have established their own community. Some have opened volunteering organizations to help conscious individuals get involved in the local community.
Expat-owned cafes, delicious international food, gyms, and spas allow you to experience comforts of home at a dramatically lower price tag. There is also a strong local arts scene which gives the town a more cosmopolitan feel.
Leon
Leon is known locally as a college town but many expats have begun to call it their home as well. If Granada is Manhattan you might call Leon Brooklyn. It has a distinctly hipper, more rustic vibe than beautiful Granada.
The open squares sit between beautiful old churches and offer the perfect gathering place for musicians, writers, and artists. The many museums and galleries are a big appeal for foreign transplants.
Like Granada Leon has plenty of wonderful local food as well as expat-owned restaurants, cafes, and bars. It is just as affordable as nearby Granada.
A huge appeal of Leon is its close proximity to the Pacific Coast beaches. Surf towns like Las Penitas and Popoyo are a half hour drive away and there are plenty of completely deserted sands to explore. Leon is also surrounded by eight volcanoes that adventure lovers can explore. The most famous is Cerro Negro which you can hike at night or volcano board down the side of.
San Juan del Sur
David Dennis
On the far southern Pacific coast of Nicaragua is the popular beach town San Juan del Sur. In recent years it has become one of the most frequented destinations in Nicaragua by tourists. Consequently more and more expats are beginning to live and invest here.
The surf can be excellent and nearby beaches are often deserted. Many expats choose to root themselves here for the conveniences of the many businesses and opportunities because of the tourism industry, while still being on a very beautiful beach. Excellent restaurants, cafes, bars, and even yoga studios bring plenty of North American comforts to the area. Because of its popularity with tourists prices tend to be more akin with Costa Rica just next door.
San Juan Del Sur does have the biggest party scene of all of Nicaragua which may not appeal to everyone. However it’s always possible to stay a little way out of town for complete solitude.
Las Penitas and Popoyo
On the coast a short half hour drive from Leon are some beautiful beaches for expats who want a more off the grid experience. Las Penitas is a quiet small fishing village with great surfing. It lies on the Isla Juan Vanado reserve which has turtle hatching that volunteers can observe or assist in.
Popoyo is another sleepy, relatively undiscovered surf town. Both are close to Leon for city comforts.
The Corn Islands
M. List
Out beyond the coast in the Caribbean sea the Corn Islands feel like another world. The local language is English, which will make relocation much easier for expats who do not speak Spanish. Both Big Corn and Little Corn island have a relaxed Caribbean vibe with very friendly communities.
The islands are covered in white sand beaches with flat glowing turquoise ocean. The sea is perfect for diving, fishing, kayaking, stand up paddleboarding, snorkeling, and sailing.
Big Corn Island has a local airport with two hour flights to Managua for city necessities. It also has roads, cars, and many hotels and restaurants. Little Corn Island is much less developed and accessible by boat from Big Corn Island. It has no cars and the entire island is a little over a mile in diameter but still has an expat community, a yoga studio, two dive shops, and a few restaurants. It is unspoiled paradise.
The Corn Islands are not for everyone but the expats who have chosen to move there absolutely love it. A few have created their own farms to have access to fresh local food rather than waiting for the freight boat that comes once per week from El Rama on the mainland.
Nicaragua is a diverse country in both landscape and culture. Many travelers are beginning to recognize the beauty of the country and its people and are deciding to root themselves there. One of these up-and-coming expat hubs could be the perfect place for you to create a new life.
Walking down the cobblestone streets of Granada, Nicaragua past the brightly painted colonial buildings, wandering through the burgeoning markets, and watching the sunset from the top of the Merced Tower, it’s easy to understand why many cite it as their favorite city in Central America.
Pete Schnell
The small size and walkability could fool you into thinking it is a town, that is until you taste some of the incredible food and soak up all of the culture. Situated along Lake Nicaragua and resting below the towering Mombacho volcano you can find yourself from city to nature in minutes. For those looking for first world comforts, exciting culture, and nature adventures, Granada is an ideal place to live.
Strong Expat Community
With affordable investment opportunities, plenty of volunteer programs, Spanish language schools, and research programs for teachers, environmentalists, and anthropologists, there are many established expats living and thriving in Granada already. This community is well-connected and dedicated towards improving the living standards for the outlying community.
Expat hubs like The Garden Cafe with organic healthy fare and Pure Spa with yoga, pilates, and healthy communal meals, organize volunteering events and connect individuals with the greater community. Moving abroad can be a much more seamless experience when a well-established, accessible expat community already exists.
Low Cost of Living
Nicaragua is one of the most affordable countries in Latin America and that becomes apparent the moment you step foot in Granada. A one hour massage in a reputable spa costs $20, a full breakfast in an organic cafe is less than $4, and large beautiful colonial homes rent for less than $1000 per month.
With this low cost of living and accessibility to many luxury services provided by international restaurants, full service spas, and a strong arts and culture scene, it’s possible to enjoy a very high quality of life at an extremely low price point.
Art and Culture
It’s easy to quickly become enchanted with Granada. The beautiful streets with colonial churches and architecture are quite picturesque and might fool you into thinking you’re in a lovely town in Europe.
However the moment you walk through the bustling markets it’s clear that you are in Latin America. Locals sell fresh fish, produce, herbs, cheeses, and more on the streets which creates a colorful lively scene. The many galleries and art stores reflect Nicaragua’s long dedication to the arts and add a fascinating layer to the community.
Many international and local fusion restaurants line the streets offering local grilled steak and plantains while street vendors grill fresh cornmeal patties filled with cheese. The unique melding of European and Latin culture makes Granada a very special city to explore.
Proximity to Natural Wonders
JeffR Travel
Granada may be a city but it’s within a few miles of plenty of incredible outdoor activities. Residents can enjoy the comforts of city life as well wilderness exploration and time with nature.
Lake Nicaragua and the Isletas
At the end of town is Lake Nicaragua with its many beautiful wilderness-covered isletas that you can explore by chartered boat or kayak. The 365 tiny islands were formed from a volcanic explosion. Today the isletas support an entire community with schools, homes, and restaurants.
Mombacho Volcano
Less than ten miles from Granada is the Mombacho volcano which offers stunning views of Lake Nicaragua and the isletas. The volcano has four craters and is covered in cloud forest filled with animals. Howler and white face monkeys, snakes, deer, reptiles, and birds all call this forest home. At the top of the volcano there are plenty of trails that one can explore.
La Laguna de Apoyo
A short drive from the town center, the Laguna de Apoyo is a stunning place to observe animals and cool off from the city heat. This crystal-clear stunning lagoon was formed by the eruption of a volcano thousands of years ago. The lagoon is a great place for swimming and kayaking while the surrounding forest is teeming with flora and fauna.
Masaya Volcano
The Masaya volcano sits between Granada and Managua and sits in Nicaragua’s first National Park which boasts two volcanoes and five craters. The top of the volcano has great views and is often active. In the park there is an underground tunnel formed by lava flows and in the tunnel one can observe bats and glowing lava!
Pacific Coast Beaches
An hour and half drive from Granada are some of the most beautiful beaches in Central America with some stellar surfing. Weekend beach excursions are easy for those living in Granada. San Juan del Sur is the most popular beach for tourists, surfers, and yogis, but there are plenty of more relaxed beaches on the coast with equally surfable waves.
Las Penitas near Leon even has turtle hatchings on the beach that you can observe or participate in by protecting the baby turtles from predators as they make their way into the ocean.
With its solid arts and culture scene, established expat community, low cost, high quality living, beautiful architecture, and many outdoor activities, Granada is a great place for those looking for city comforts, immersion in another culture, and proximity to nature.
Away from Boredom in Granada Nicaragua
The town paints itself. Cement block buildings, boldly painted in bright splashes of red, green, and yellow. The clay tile roofs bend over the streets of Granada Nicaragua, then hesitate and separate for furious sprigs of bright, flowering plants, shaded parks, and clean, gentle streets easing by colonnaded buildings. In the air, is a feeling of excitement and energy.
Face it. The modern concepts of city planning have become boring. Look-alike houses, all painted the same color, with tiny lawns and only a number to separate one home from another, and a street sign to tell you you’re in the right neighborhood. Shopping malls, fast food diners, playgrounds, and parks all based on the same architecture. It’s little wonder creativity has taken a nose dive and a person’s favorite “real estate” is an Internet capable cell phone. Real-time adventure is limited to zip-lining over a rock quarry. Romance is a dirty word, associated with melodrama and cheap paperback books.
Yet there is absolutely no ignoring the fact that Granada, Nicaragua is romantic. How could it be otherwise? Founded in 1529, it’s not only the first colonial town built on firm land, its marked Baroque style is based off early Moorish architecture, giving it a unique flavor found nowhere else in Central America.
You Can Truly Get Away from It All
Secluded from the modern world by the miles of wilderness characteristic of Nicaragua, Granada slumbered peacefully through the Sandinista civil war in a backdrop of rich agricultural land, dry forests, and tropical rain forests and volcanoes. As though this pastoral setting wasn’t enough to keep the dreamer dreaming, it’s also located on one of the largest lakes in the world, Lake Nicaragua, or, as the locals call it, Cocibolca.
It is a natural playground for adventurers. It has three volcanic lagoons; Manares, Genirzaro and the famous Apoyo, the largest lagoon in Nicaragua. Due to its rough, unpredictable waters, as well as industrial pollution, swimming in Lake Nicaragua isn’t recommended, but tourists and locals take full advantage of the crystal clear waters of Apoyo.
You Can Also Take It with You
Although the area surrounding Granada is largely underdeveloped, with few modern conveniences, Granada, Nicaragua is no longer a sleepy little town. An initiative to preserve and restore the ancient colonial architecture that had begun to seriously deteriorate with Nicaraguan bankruptcy, resulted in foreign aid and investments, beginning in 1990. The Spanish government in particular, took a keen interest in the refurbishment of the city, even transforming the Calle La Calzada into Peatonal – a foot traffic only – street.
It didn’t take long for Americans and Europeans to discover the charm of the quaint city, and a Granada’s real estate appeal much greater than owning a few cubic yards of lawn and a two car garage. It wasn’t long before they were buying the historic buildings, turning them into retirement homes, apartments, and businesses. The pace slowed down in 2007 with the global recession, but word had already gotten around. Granada, Nicaragua was the smart place to invest in, and after a brief lull, attention turned once more to the accommodating and entirely affordable town.
Modern day Granada wakes to the sound of hammers, saws, and mixers. The repaired city has cable and cell phone service, Internet cafes, luxury hotels with swimming pools and hot, running water, four star restaurants, a new supermarket, health food stores, libraries, gyms, and still plenty of opportunities for investors.
Government Initiative
There are many advantages for investors in Granada Nicaragua. There are no real restrictions on foreign capital investment, and regulations concerning business development are minimal. There are no real estate taxes for up to ten years and supplies for starting your business are tax-free. You may import up to $20,000 in personal items tax-free. You may also import or buy a vehicle worth up to $25,000 without paying a tax.
The GDP growth rate in Nicaragua is one of the fastest in Central America. The economy has expanded at 5.2%, and construction is up 30%. Granada is one of Nicaragua’s fastest growing towns. Its recent overhaul has included updated utility services and major improvements in road maintenance.
Nicaragua’s low income base makes it once of the most affordable Central American countries to invest in, raise families, or retire. Although Granada is considered prime real estate, giving it a higher value than other locations within Nicaragua, the value of real estate and cost of living is still half what it is in the United States.
Easy Flight
Granada is located within a forty minute drive of the capital city, Managua. Air flights from Houston or Miami to the Managua International Airport take about two hours. There are shuttles available for $15. Most of the shuttle services will drop you off at nearly any point in Granada. There are also taxis available for around $35. Recently, the small airport at Granada has begun offering services between the town and the Managua airport.
Granada, Nicaragua’s Solid Economic Base
Granada’s escape from major conflict during the Nicaragua civil war was largely due to its reputation as a place to relax and refresh your mind from critical issues and decisions. Businessmen, states people, and diplomats regarded Granada as a prime vacation spot. As the war settled to a close, it attracted a growing number of European and U.S. travelers as an ideal tourist spot.
However, tourism is not its only industry. Granada has long been a Nicaraguan hub for commerce, with a vigorous trade in timber, gold, and silver. It’s also rich in agricultural land, capable of growing a large variety of fruits, vegetables, herbs, spices, as well as cotton, tobacco, coffee, and livestock.
Fishing Bonus
The fishing is good in nearby Cocibolca, keeping both the local fishermen and expat community happy. Fish include several species of mojarra and other cichild fish, sardines, tarpon, big and small tooth sawfish, and the unique fresh water bull shark. The shark, once considered a hazard to the public and nearly exterminated, is now a protected species.
It is believed the unusual appearance of the shark, tarpon, and sawfish in the Nicaragua Lake is due to a geographic event. Millennia ago, the lake was once a Pacific bay until volcanic eruptions sealed it into a landlocked body of water. As the water sweetened, the marine life slowly adapted to their fresh water home.
A Culture of Art
Its seclusion, its lakeside vantage, and its early colonial architecture aren’t all that attracts tourists. Even before it was established as a colonial settlement, it was a center for art, music, and philosophy among the indigenous culture. The music of Nicaragua is an energetic blend of Spanish and indigenous rhythms, progressing into modernism with the cheerful incorporation of jazz, hip-hop, rock, and rap. The multi-cultural blend has been the inspiration of international poets since 1929. Each year, there is a local festival of the poets in which marchers symbolically bury ignorance and intolerance.
There is no end of subject matter for artists, who have also been enthusiastically setting up their easels on the narrow streets of Granada Nicaragua. The scenery, the performing arts, the distinct cultural aspects are immortalized on canvas and fashioned into handcrafts.
The Expat Community of Granada Nicaragua
There are a variety of reasons why people choose to move abroad, but the greatest common denominator is opportunity. Just as many people from underdeveloped countries look to the Western countries as an opportunity to improve their lifestyles, Western citizens who have been severely affected by the economic slump are anxiously guarding their remaining assets and speculating on the increasing stability of the emerging countries.
Granada attracts a large number of youthful investors. With real estate available for as low as $60,000, and no restrictions on foreign ownership, opportunity holds a special meaning. Many bring their business ideas, their entrepreneurship, and their organizational skills, finding the restrictions in trying to generate self-income too discouraging in their home countries. In Granada, their modest capital can go far. All it takes is a little ingenuity and labor.
Opportunity also knocks on the door for teachers, environmentalists, agricultural specialists, botanists, anthropologists, and geologists. The field of foreign studies brings in students ready to gain hands-on experience in a volunteer project.
The expat community is close knit, with a strong sense of volunteer commitment. Many are engaged in helping Nicaragua meet its goal of higher education and health care standards for the rural communities. Although the infrastructure of Granada is excellent, with English/Spanish transitional schools, several hospitals and clinics, and a highly competent professional staff, the largely rural population within the Pacific district of Granada still suffer from limited education and inadequate health care.
The Best Way In
Those who consider uprooting and relocating to Granada Nicaragua are urged to try it out first. The average lifestyle in Granada is energetic, even among the retirees. They have a strong affinity to the outdoors.
In the tradition of Spanish/Moorish architecture, the colonial homes surround small, open court yards. Their living rooms and kitchens rest under awnings, looking out to their cultivated space.
The narrow streets encourage foot traffic and bicycles far more than automobiles. Those who own vehicles usually leave them parked in the garage unless they’re taking an excursion to Managua to buy supplies, or going on a cruise to one of the many wonderful nearby destinations. In Granada, it’s a short trip to the Pacific Ocean, or to the San Juan Rio.
The grapevine is the best way to find apartment housing, real estate deals, job opportunities, coming events, and bargain tips. By hooking in to the Internet community, you can break the ice online, and learn about expat meeting places, or you could just stroll around until you see a large congregation of expats spilling out in front of the coffee shops, sitting around small, shaded tables on the sidewalk.
Any Lifestyle Is a Good Lifestyle in Granada Nicaragua
If you talk to ten expats, you’ll find ten different opinions of the best lifestyle in Nicaragua. Many are proud of the newly renovated colonial homes, complete with swimming pools, air conditioning, Internet, cable television, guest rooms, and maid services. High-end homes can be purchased or restored for $150,000 to $250,000. Some who have invested in high-end homes rent their extra rooms for $400 a month.
Other expats build businesses or offices into their colonial homes. Their amenities may be somewhat more modest, but these budget-conscious venturers into small enterprise report a comfortable lifestyle with evenings out, restaurant dining, medical services, and automobile maintenance for $1,200 a month.
There are still others who gradually begin blending with the locals. They rent lower-cost housing outside the Central, buy products and groceries at the outdoor market and spend money at the street stands. They learn fluent Spanish and participate in the festivals and other activities. Many report living quite well on $800 a month.
The Great Motivating Factor
Opportunities exist throughout the emerging countries, but the opportunities that bring the expats together is marked by the spirit of self-determination. They visualize how things could be in a country truly open to free expression, and understand the liberties you ask for yourself are also the liberties requested of others. Free expression might be given with colorful explosions or in a musician wistfully playing a flute on a street corner. It might be flamboyant. It might be nothing more rhythmic and plodding than a farmer’s cart being pulled by a horse.
This free expression is what they embrace most. Whether they are starting a business, working a profession, volunteering services, or just planning that perfect retirement home, they thrill in the expression of their individual creativity and anticipate their roles in society. For them, anything is possible in this newly recovering country.
Granada mixes the ancient with the modern, hand-crafted items with sophisticated electronics. It is historically diplomatic, serving as a meeting place for scholars and a busy hub for commerce. The expats who choose to live there do because they believe in a future where individuals can make a difference and that Granada Nicaragua can help shape that difference.
Further Reading on Granada
For an in depth look at Granada check out our Granada Starter Kit, a 64 page book packed full of info on Granada.
Central America has definitely become an expat hotspot, especially among North Americans, and although it remains one of the least visited countries in the region, Nicaragua is steadily gaining popularity.
So what is it about Granada Nicaragua that makes it an expat haven?
No longer too exotic for travelers, today expats are making their way down to this amazing country to experience the beaches, the volcanic views, and the picturesque, colonial city of Granada, all at a very affordable cost.
And while you may think that you know a thing or two about Nicaragua, and Granada in particular, there are a few things that you may not have known that might just tip the scales in Granada’s direction.
1) Granada is considered the ‘colonial jewel’ of Nicaragua and is becoming a gateway to tourism growth
Dubbed ‘La Gran Sultana’ or the ‘Great Pearl’, the ancient city of Granada is the oldest city in Central America and has been settled for over 500 years.
A city rich in history and beauty, Granada has become the most developed tourist spot in Nicaragua. And the industry is blossoming as expats and tourists alike head down to Nicaragua’s ‘colonial jewel’ to enjoy the historic architecture, the shores of Lake Nicaragua, and the ideal, spring-like climate.
In Granada, your days can be spent taking canopy tours of Mombacho Volcano, viewing the picturesque churches, or even taking a carriage ride through the city, which will definitely take you back in time.
2) Granada is sister city to Antigua, Guatemala
Founded by Francisco Hernandez de Cordoba in 1524, Granada was originally the sister Capital city of Central America, along with Antigua, Guatemala.
Having a lot in common, both of these beautiful, colonial cities are safe and well-preserved, and are both tourist hotspots in their respectable countries.
3) Granada was once a prime target for pirates
Another thing you may not have known about Granada, is that it has a history of being sacked by pirates on numerous occasions.
It didn’t just happen in the movies. Between the years 1665 and 1857, Caribbean pirates roamed the clear waters of Lake Nicaragua, the largest fresh water lake in Central America that is connected to the Caribbean Sea by the San Juan River.
Making its home on the shores of Lake Nicaragua, Granada was an important trading post, which made it a prime and frequent target for these rogue buccaneers.
Arguably the most famous of these pirates was William Walker, who settled in Granada with the master plan to become the ruler of all Central America. Needless to say, he did not succeed, but he left his mark by setting fire to the city and leaving behind the words ‘Granada was here’. Luckily, it’s still here.
4) Life in Granada is cheap
Although on the rise, Nicaragua is not yet choked with the high volume of tourists that you will find in other areas of Central America, and because of this, the cost of living in Granada is very low.
In Granada, expats can soak in the scenic beauty, the unbeatable weather and the cobblestone streets without draining their savings in the process.
Renting a home in Granada is extremely affordable and a spacious one bedroom apartment with a large kitchen and all utilities included will run you anywhere from $350-500 a month, a mere fraction of what you would pay back in the States.
And with markets selling fresh, cheap produce and moderately priced restaurants, gyms, and even a movie theater, you can live a full life in Granada, on a low budget.
5) There is a green tourism movement
Ecotourism is experiencing a new wave of popularity when it comes to deciding on a vacation destination or retirement spot and Granada is definitely on board.
Working out of Granada, the Rainforest Alliance (a group working to conserve biodiversity and ensure sustainable livelihoods by transforming land-use practices, business practices, and consumer behavior) is currently working on an urban sustainability tourism project that will make it easier for travelers to choose sustainable tourism options when they decide where to vacation, or retire.
In Granada, you will find that a lot of energy is going into sustainable development and nature conservation. Certain hotels are recycling and efforts are currently going towards making the Isletas (small islands around Granada) a natural reserve.
This is all in order to prove that Granadean hotel owners, tour operators and other business owners working in a sustainable manner, can in fact, fuel the local economy.
6) Granada is filled with great restaurants
Mainly due to the fact that Granada is Nicaragua’s main tourist destination, Granada is a hub for amazing dining experiences.
In Granada, you can indulge in a diverse range of cuisine at very reasonable prices, so it can be all too easy to go overboard when it comes to dining.
Feast on local dishes like gallo pinto (rice and beans) and tostones (fried plantains), but if you’re itching for something different, there is much to try in Granada.
Get your fill of Indian food at Buddha Viva where you can purchase the dinner buffet for $7, savour tasty, handmade pizza at Pizzeria Don Luca or fill up on delicious Mexican food at Tequila Vallarta.
And if cooking is your thing, head down to the local market to stock up on fresh, local ingredients like beans, rice, peppers, garlic, and potatoes to make your own meals.
7) Willy Wonka, Nicaragua style
Orange Bompton
Although not as well-known for their chocolate as the Swiss or the Belgians, Nicaraguans make fantastic chocolate that can be tasted and observed at the ChocoMuseo in Granada.
If you make a trip to the ChocoMuseo you will be able to witness the chocolate making process, as it moves from cacao bean, to a smooth bar of chocolate.
And if you’d like to experience more, you can try a chocolate making workshop where you can learn to make chocolate bars, decadent truffles, and even chocolate ganache.
Is Granada the city for you?
Now that you know a few more things about the beautiful city of Granada, Nicaragua, plan a trip and come down to experience this colonial gem for yourself.
With perfect weather, scenic beauty and a low cost of living, consider Granada, Nicaragua, and all of the great things it has to offer. And who knows, while you’re down there, you may just find the perfect spot to call home.