Yes, foreigners can buy real estate in Nicaragua. When you buy property in Nicaragua, it is a fee simple title so you own it outright; it’s not a lease like in Mexico. One of the biggest misconceptions in buying property in Nicaragua and I believe it’s true for most Latin America is that Nicaragua has the same property rights as in Mexico, which allows you to only lease the property up to 99 years if you are not a Mexican citizen. In Nicaragua, you can own a property and you will have a fee simple title, which means you own it outright as a foreigner. You don’t have to hold citizenship in Nicaragua to own property. You don’t have to be a legal resident to own property in Nicaragua. You can be a total foreigner and buy. You also have the same rights as any Nicaraguan.
There have been several laws here in Nicaragua implemented by the government that protects foreigners. I would argue that foreigners have more rights than locals, which to me is an indication that the government is promoting at growth as far as foreigners buying properties. As an example, expedited resolution laws have been passed through Congress here in Nicaragua recently. We have tax benefits and tax breaks for incomes earned in Nicaragua up to 10 years if you are investing and you have 30% or 40% of it reinvested in Nicaragua, they will provide you with several more years of tax benefits. There are definitely more and more laws being passed protecting foreigners than locals.
(Seaside bluff near San Juan del Sur, Nicaragua, pictured.)