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Latin America Investment News on Viva Tropical

Nicaragua’s Best Kept Retirement Location

Article Summary:

Stately, colonial, quiet – all describe Granada, Nicaragua – one the best kept retirement locations in Nicaragua.

Photo Credit :Revisat Summa

Original Article Text From el Nuevo Diario via Google Translate :

Granada, Perfect for Retired Foreigners

Granada, stately and tourism, stands out as one of the most attractive destinations in the world for people with an average annual income of U.S. $ 20,000 to live their retirement stage, as journals.

According to local experts, Granada, located 45 kilometers southeast of Managua, offers that opportunity, in part, thanks to the low cost of property and power, also because it is “decorated” with the Great Lake Cocibolca, Mombacho volcano, The Islets, ideal for tourism, and also for its high safety standards.

The president of Territory Real Estate, Maria Rosario of Tefel said that Nicaragua has the cheapest properties in Central.

He said that there are properties in Granada “economic” with a price no greater than $ 50,000, but when it is a Spanish colonial style house, with its four runners characteristic, the value can reach $ 500,000.

“Foreigners like living in the city of Granada by the colonial style houses, for cars, because you can easily walk the streets and by the friendliness of the people,” he said.

What the magazines say
Publications such as U.S. News and World Report, and International Living, have placed Granada Nicaragua and especially in privileged positions on their lists of top destinations for retirees, highlighting the affordable property prices, natural beauty and security.

U.S. News and World Report, said last October that Granada, Nicaragua, and Cuenca in Ecuador, are two of the ideal destinations to live the retirement expenses per month would, on average, of $ 1,200 or less.

He added that in both cities the cost per square meter of a property is below the “magic” figure of U.S. $ 1,000 and that taxes are low.

In the specific case of Grenada, U.S. News and World Report recognized that in the small town seems that “everyone knows”.

“Granada, in any case, is the best choice if you are interested in buying property Spanish colonial style”, and because from that location can be reached in two hours Nicaraguan Pacific beaches, the publication said.

Meanwhile, the International Living magazine placed Nicaragua in seventh place in its 2012 Retirement Index.

The magazine recommended 19 countries to retired Americans with an annual income of $ 20,000.

A law attractive to retirees
On the other hand, since 2009 in Nicaragua Promotion Act Income Residents Resident Pensioners and Annuitants, Act 694, which provides tax incentives to that segment of the population.

The law exempts from taxes the importation of household goods for up to U.S. $ 20,000, and the import or purchase of a new car of up to $ 25,000 for personal use, and building materials for a maximum amount of $ 50,000.

The law states that for a resident pensioner must “demonstrate that receives abroad a monthly pension equivalent in national currency to the amount of $ 600, on a stable and permanent, issued by governments, public or private institutions.”

In addition, for a resident Annuitant, the law says you must “demonstrate that receives abroad in a stable and permanent income generated by distribution utilities, rent or other similar legal businesses that generate a minimum monthly amount equivalent currency at U.S. $ 750. ”

Characteristics
Granada is considered one of the first cities founded (1524) by the Spanish in America, and the town is one of the main tourist destinations in Nicaragua, which this year is expected to receive 1.1 million overseas visitors.

The town, with cobbled streets and historic Catholic churches, is also characterized by its cars pulled by horses, where tourists can explore the town. It also has the Great Lake Cocibolca, one of the largest in the world.

According to experts, most retirees arriving in Nicaragua from the United States, and to a lesser extent in Canada and Europe. These people are able to acquire properties with a value of between U.S. $ 200,000 and U.S. $ 500,000, for an average of its annual revenues are at least $ 100,000.

From Tefel said Granada 10 years ago had a “peak” in home sales and by then 60% of his clients were retired.

Based on experience in response to that segment, said that “the relationship is how they make the house would cost in other cities of the region.”

“This type of construction that is Granada, – ie colonial houses – in other Central American cities can double or triple the price,” he said.

He said, for example, that in Ciudad Antigua, Guatemala, the cost of such colonial houses easily exceeds one million dollars.

Another aspect highlighted the president of Territory Real Estate, is the low cost of domestic services in Granada.

“Having a person who assists in the home is more difficult in their home countries, but here they do have that advantage and can even develop a fraternal relationship with employees,” he said.

The minimum wage for domestic workers now calls home, is C $ 3.233, or about U.S. $ 135 at current exchange rates.

Nicaragua also has two accredited hospitals to cater to foreign patients under worldwide quality standards: the Hospital Metropolitano “Vivian Pellas” and Managua Central Hospital “Dr. Cesar Amador Kühl”.

Medical Tourism
Through these two service centers provide WellMed Nicaragua, a company that recently launched in order to provide patients living abroad class medical treatment at most competitive prices.

At launch in Miami, United States, participated Intur chief executive, Mario Salinas, and CEO of WellMed Nicaragua, Javier Callejas, who said it will provide “a range of high quality medical services, provided by physicians with extensive experience in hospitals equipped with the latest technology, who will treat you in a personalized and with a high sense of humanism. ”

Link to Original Article:

From el Nuevo Diario

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