Frequently Asked Questions about Nicaragua Real Estate

While helping our clients become familiar with the process of owning property in Nicaragua we have been presented with all sorts of questions. Below you will find the most frequently asked questions (FAQs) we have received. If you have a question that is not included in this list, send it along and we will get you an answer as soon as we can.

Q:	Can I own property in Nicaragua, or is it a lease or concession?
Q:	Can I own Nicaragua real estate in my name, or does it need to be in the name of a Nicaraguan corporation?
Q:	Do I need to be in Nicaragua to finalize the purchase of Nicaragua land?
Q:	Is financing available for Nicaragua properties?
Q:	When I purchase my property in Nicaragua, does my money go in to an escrow account first?
Q:	Why does an attorney need to be involved with my purchase of Nicaragua property?
Q:	How do I choose an attorney to manage the closing of my property?
Q:	What are the closing costs when I purchase Nicaragua real estate?
Q:	What are property taxes in Nicaragua?
Q:	When are my Nicaragua property taxes due?
Q:	How do I pay my property taxes in Nicaragua?
Q:	Are there title issues with Nicaragua land, and do I need title insurance?
Q:	Can I open a bank account with a Nicaraguan bank?
Q:	What is a 306 project?
Q:	How much does it cost to build a home in Nicaragua?
Q:	When I want to design and build a house in Nicaragua, are there reputable architects and builders available?
Q:	What are the water and sewer hookups like in Nicaragua?
Q:	How is the Internet service in Nicaragua?
Q:	How do I get drinking water to my Nicaragua house or condo?
Q:	What sort of television programming is available in Nicaragua?
Q:	What are the electricity hookups in Nicaragua?
Q:	How is the cell phone service in Nicaragua?
Q:	How is the conventional phone line service in Nicaragua?
Q:	Who will look after my house or condo while I am away from Nicaragua?