Before the boom

Trip Start Jan 14, 2007
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Trip End Mar 05, 2007


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Flag of Nicaragua  ,
Monday, February 26, 2007

Looking for a real estate investment?  Better act fast if you want to secure your fortune in San Juan del Sur!  The amount of real estate for sale in and around this beautiful and as yet, unspoilt, Pacific beach town, is astounding.  Making your way down the dusty road to the spectacular beaches to the north, ¨Se Vende¨ (for sale) appears to be the official slogan of the area.  One condo development nearing completion, advertised ¨only 2 units remaining¨ . . . for only $300K US!  And this isn´t even beachfront property.  Which is why I say, make your move now (or better yet, 5 years ago). My hope is that the once and current Sandinista, El Presidente Daniel Ortega, will demand and encourage sustainable and locally beneficial development for the area.  There are signs it is happening, but it can easily swing the other way, given enough greenbacks.  I believe it would be a shame if this authentic and thriving town became simply a playground of second homes for rich tourists and ex-pats (case in point, parts of Costa Rica).  One example of this (seemingly) good, locally prosperous development, is the Pelican Eyes Resort, where we spent all day yesterday lounging by their amazing ¨infinity¨pool.  It is a gorgeous hotel, overlooking the town and the Pacific.  They have partnered with many local business people and charitable groups to foster education for Nica kids and economic benefits for the town. For more information, visit their website here. Besides loafing around the the pool, we have experienced some beautiful sunsets over the Pacific and spent today on several nearly deserted beaches north of town.  Tomorrow we leave for Costa Rica.  I would love to spend more time in Nicaragua but there is a lot to see in CR, even if it does cater more to the tourist dollar.  Anyone that wants to see the true Nica, get here soon.  Lonely Planet and Expedia have named the country one of the top places to visit for 2007.  That, in addition to articles in the New York Times and USA Today, have peaked international interest in the ¨next Costa Rica.¨  I, for one, hope that it stays just as it is.  But that is just my liberal, idealist, naivete speaking. . .
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