Long-ignored coastal region ignored no longer


Tucked in its crescent-shaped bay on Nicaragua’s southern Pacific coast, this town just ten years ago seemed destined to continue as a sleepy fishing village. But today San Juan del Sur’s streets are lined with hotels, shops and real estate agencies. Four-wheel-drive cars cruise through town collecting groceries and other supplies for private beach homes and resorts along the coast. And small wonder. At last count, in 2006, no less than 47 residential development projects were under construction in and around San Juan del Sur. Nicaragua in recent years has emerged as Central America’s new hot destination for foreigners looking to purchase a piece of tropical paradise. Though land sales here may slow amid the current global financial turmoil, local real estate... [Log in to read more]

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