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In 2010 official tourism statistics showed that over 1 million visitors traveled to Nicaragua. That’s far more than in any previous year. Most of them came for the tourism attractions but a growing number came to explore property investing opportunities. In this article we consider why Nicaragua is capturing so much attention.  Our timing is spot on: Lonely Planet just rated Nicaragua as one of the top destinations to visit in 2011.

Right now there are some fantastic property bargains to be had in Nicaragua. Along with a number of countries in the region the Nicaragua real estate market slowed down considerably during the global financial crisis. What that means now as we emerge from the downturn is high inventories, deep discounts and motivated sellers. Property prices in Nicaragua are still far lower than real estate for sale in Belize, Panama or Costa Rica.

Nicaragua has tremendous natural beauty. Its Pacific coastline in the southern part of the country has a gorgeous dramatic topography. You’ve got towering cliffs and hills rolling down to meet quiet, secluded white sand beaches. The country has some world class surf breaks, a strong of clear freshwater lakes and even a volcano that you can ski down.  And let’s not forget the colonial towns of Granada and Leon which have very coherent architectural centers with some great examples of the traditional Spanish colonial style.

Nicaragua is also one of the lowest cost countries in Central America, a factor that is particularly important for retirees and lifestyle investors. You won’t have to turn down invitations to eat out regularly and hiring a full-time maid or gardener will only cost you around $150 a month. Remember also that property taxes are far lower are then in the US or Canada.

So what are you waiting for? Perhaps it’s time to get on a plane, head south and see this beautiful country for yourself.