by Kathleen Peddicord

It doesn’t take much imagination to see where Nicaragua is headed…or to recognize the potential of an investment in real estate in this country right now. The situation is similar to that in Costa Rica and Belize in the late 1980s and in Honduras’ Bay Islands in the late 1990s when real estate prices increased by 500% or more in a very short time. And arguably, Nicaragua’s lakes, volcanoes, two oceans, waterways and pristine rainforests offer greater potential than its neighbors.

Consider Costa Rica…Back in the 1980s the country was an unpopular outpost, known only among backpackers. Then two things happened that would change things dramatically.

First, in 1987, former President Oscar Arian Sanchez earned the 1987 Nobel Peace Prize when he negotiated a cease-fire for the country’s neighbors, which put into place the groundwork for a unified Central American Parliament.