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\f0\b\fs24 \cf0 Getting to grips with the Granada real estate market
\b0 \ \
In this video we highlight the main reasons why the colonial town of Granada in Nicaragua
is attracting so much investor interest. We then follow this up by giving you an insight
into market trends and future developments.\ \
So lets get started on why Granada is firmly on the list for investors looking to purchase
real estate in Nicaragua.\ \
First, founded in 1524, Granada is the oldest colonial city in the Americas. That in itself
gives it a head start on its competition. \
\ But not only is it the oldest city, it also
has a very coherent historic center - roughly 10 blocks by 10 blocks - flowing out from
it's central square - something that we'll look at in more detail in a moment.\
\ Third, Granada has high quality colonial architecture.
It's easy to fall in love with the grand colonial buildings with their majestic proportions,
thick adobe walls, terra cotta tiling, wooden pillars and shady interior courtyards.\
\ Not surprisingly the vast majority of tourists
who visit Nicaragua, will spend some time in Granada soaking up the colonial atmosphere.
And we all know how closely linked tourism and real estate markets are in countries like
Nicaragua. The pattern is clear - the more tourists visit a place, the more active the
real estates market (for both sales and rentals).\ \
Finally Granada is very strategically located - at around 35 minutes from the international
airport and smack *** in the middle of Nicaragua;s tourism heartland. Attractions like the Mombacho
volcano with its cloud forest, crater lake Apoyo and the
\i isletas \i0 of Lake Nicaragua are on its doorstep.
It's also quick and easy to get to San Juan del Sur and the southern pacific coast. \
\ Granada has the typical layout that you'll
find in most colonial cities. It's organized around a central square - the economic, social
and cultural heart of town. The development activity is radiating out from this center
- in all directions. You'll find the grandest buildings along
\i Calle la Atravesada \i0 (the traditional entrance road to the
town), around the square and on \i Calle la Calzada,
\i0 the main street heading towards the lake. The direction of development towards the lake
has become particularly pronounced in recent years following the pedestrianization of
\i Calle la Calzada. \i0 \
\ In the historical center of Granada - which
is around 10 blocks by 10 blocks - you'll find around 850 colonial buildings. There
is a certain cache in owning one of these historical structures. And they are not making
any more of them. It's no wonder that the demand continues to be strong.\
\ Colonial buildings tend to follow the same
layout. A full colonial has a central patio surrounded by a courtyard. It will have two
or three front rooms facing on the street as well as rooms towards the back. \
\ Many of these colonials have been split in
half - leaving one or two doors facing the street, and a half patio. Of course you'll
also see colonials with two, three or four patios. \
\ If you're visiting Nicaragua make sure you
spend a little time in the oldest city in the Americas. If you're interested in real
estate in Granada, sign up for our owners listings at RevealRealEstate.com and you'll
get listings delivered directly to your inbox. Happy Investing!\
\ }