There is only one word that describes the economy in Granada, Nicaragua... BOOMING!
I can't say it is like the crazy boom years from 2000-2007. Those days saw the boom from speculators. Buy it all, buy it cheap and resell within 6 months to double your money. I was here during those days and part of the feeding frenzy as well. But the crazy days are over. We hit rock bottom 2008 and came back stronger and smarter.
We are seeing more retirees, more tourists, many more restaurants opening their doors, dozens of small hostiles, hotels and guest houses popping up all over Granada. The list goes on.
We have seen an influx of younger couples with school-aged children thanks to the fact that there is now a bilingual, international school in Granada. Sacuanjoche International School has been a key player in allowing younger couples to move to Granada. This in turn has boosted the economy since these young families are starting businesses, buying homes or renting, and adding to the lively atmosphere.
We haven't stopped growing. We look forward to the next decade of retirees and tourists who become our clients, neighbors and friends and who eventually add their two cents to the equation.