The government of Nicaragua is currently stable. It is not the same government that it used to be back in the 80s and 90s. Government officials have started to change their mentality. Nicaraguans feel the stability and have higher confidence in the government.
Now, the government allows everyone to do business in Nicaragua. Business processes are more controlled, organized, and clean. People have become more comfortable to do business in Nicaragua and a lot of investors are now coming to the country. Companies from Guatemala, El Salvador, Honduras, and Costa Rica are reviewing the possibilities of setting up businesses and investing in Nicaragua.
In my own company, there is now a mix between the kind of buyers I had back in 2008 to 2010 and the buyers I have today. We now have buyers who are Latinos, local Nicaraguans, Nicaraguans who have returned to the country, and locals partnering with expats. My business would not be able to do so well if the buyers were not comfortable with our government.
The market is now very different than it used to be and there is a bigger variety of buyers. There is high confidence within the business sector. The government now understands that they need to let the country move forward.
Current infrastructure development is unbelievable. New roads are being built everywhere. Places like the northern parts of Nicaragua used to be complicated to reach because of the lack of roads. Now, people can easily access Rio San Juan. Parks are also being improved and have more spaces to exercise.
The boom in Managua is unbelievable and there is new construction almost everywhere. This is an indication that buyers and investors feel comfortable with the Nicaraguan government.
The government is also not making the same noise like they used to. Nicaraguans would of course eventually want a new government, but the current government is doing a good job.
(Notice for an open house for Casa Granada Properties, Granada, Nicaragua, pictured. )