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Posts Tagged ‘Property’

Where is the Best Place to Live?

Monday, July 25th, 2011

A famous bank robber was once asked why he robbed banks and he stated “That’s where the money is.” Expats tend to move to where there are other expats. Nicaragua has colonial cities, ocean front, mountains, islands, farms, valleys and small, tucked away towns. Deciding where to live is a tough decision that will depend more on your sense of adventure and what you are looking for out of life. For expatriates, the two hot spots are the Pacific Coast and Granada. There are actually many expats living in the capital of Managua but these tend to be those that have businesses in Nicaragua, work with the embassies or other international concerns.

Granada is the colonial city of Nicaragua with many restaurants and activities to enjoy. It is 45 minutes from Managua where are located the international airport and the best medical facilities of the country not to mention modern malls and stores. Granada has what many retirees look for in a retirement destination and enough expats to allow community groups from book clubs to volunteer organizations. Yet it retains the small town feel where you can easily open a bed and breakfast or just relax.

On the Pacific Coast San Juan del Sur is a small fishing village that is popular with the expats , tourists and Nicas. There are many developments that are clustered North and South of San Juan del Sur. The views are stunning there and many people want to live near the ocean. Further North on the Pacific Coast there are other developments to check out and some have enough homes now to have a community. Notable development names include Montecristo, Gran Pacifica, Rancho Santana, Iguana and El Encanto with Iguana and Gran Pacifica already having 9-hole golf courses.

We can’t tell you where to live but most expats choose Granada or the Pacific Coast. Another reason is that the lawyers here are the most familiar with those two areas for doing the required title searches.

Casa Granada Properties specializes in Granada, the surrounding areas and the Pacific Coast but we can assist you with property anywhere in Nicaragua.

Investment Property in Latvia

Tuesday, May 17th, 2011

One of the most significant changes that has occurred in the Latvian real estate market since the turn of the century, since the dawn of the 21st century, has become the heavy activity of foreign nationals in that particular real estate marketplace. At the present time, foreign nationals heavily are involved in the development and ownership of real estate projects and enterprises throughout Latvia. Foreign investors in the Latvian real estate market have initiated fairly significant development projects in all of the major urban centers in the country as well as in some more remote and rural areas as well. In this process, many foreign nationals from different countries around the world have begun to realize some very significant profits from these real estate ventures.

Most real estate analysts predict that the number of foreign investors who are actively participating in the Latvian real estate market will continue to increase over the course of the coming two decades. There remains much development and modernization to undertake throughout the country and a seemingly bottomless number of foreign nationals who are interested in diving into the Latvian real estate game not only today but well into the future . Many foreign nationals have taken to purchasing single family residents in different parts of the country. Indeed, many of these foreign real estate buyers are purchasing older, quaint properties. Throughout the country, there truly are some magnificent older properties on the market.

With that said, and considering the age of this type of real estate, foreign nationals strongly are encouraged to undertake a very thorough structural assessment of these types of properties before they invest in them. Once a buyer enters into a sales agreement for real estate, the concept of “buyers beware” really does enter into the equation in Latvia. Truly, it is the responsibility of the buyer to make certain that the real estate he or she is purchasing is in sound and stable condition. In Latvia, a buyer really does take the property in the condition it is in including hidden defects unless the seller has engaged in serious fraudulent conduct in hiding different negative aspects of the property.