Over the past couple of years, investment into real estate in Nicaragua has been picking up, and this is especially true of the Masaya area.
Masaya real estate has been really picking up due to the more quiet nature of the surrounding area, and the slower pace of life afforded by the city itself. It is a better choice than the capital city of Managua, as it is less crowded, and people seem to be more willing to lend a helping hand than in the capital city of Nicaragua.
Lots of real estate developers have their eyes on many different pieces of Masaya real estate, to develop condominiums, hotels, resorts, and even spas and sports centers.
People looking to retire to Nicaragua are also looking into buying a piece of the Masaya pie. The prices for Masaya real estate are still pretty reasonable, unlike much of the rest of Nicaragua, due to the fact that Masaya is still largely undiscovered.
For a decent piece of property in Masaya the city, you can expect to pay anywhere from $45,000 and up. The closer you are to the center of the city, the higher the price you can expect to pay. The interesting thing is, the opposite is also true. The further away you get from Masaya the city, and into the areas of ranches and private farms. For those pieces of prime Masaya Real Estate, you can expect to pay anywhere from $50,000 up to $1,000,000!
Just like the rest of Nicaragua, if you are looking at purchasing a piece of Masaya Real Estate, there are a variety of different brokers to choose from.
You can choose from MomboTombo Real Estate; Aurora Realty; Century 21; REMAX; and of course you can always opt to deal directly with the owners of the property and see if you can't work out some sort of better deal.
If you absolutely must go through a real estate broker, it would be best to go with MomboTombo Real Estate, as they are a smaller real estate company, and have higher standards of customer service, and more reasonable prices for their listings of Masaya Real Estate.
One thing you need to remember when you are looking into buying some Masaya Real Estate is that there are no licensing requirements to sell real estate within Nicaragua, so anyone could hang out a shingle and sell it. This means that you may be buying Masaya real estate for incredibly inflated prices, or worse yet, buying a piece of real estate from someone who is not even legally entitled to sell it!
That is why you will need a good Nicaraguan Real Estate Lawyer when you are considering purchasing, or leasing, a piece of Masaya Real Estate. They will ensure that all the taxes are paid up, that the property belongs to the person trying to sell it, and that everything is on the up and up, so that you can enjoy your new Masaya Real Estate.