León's emerging real estate scene compliments its long-time colonial charm

Discover A Newly Emerging Market In Colonial Nicaragua

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Properties in Nicaragua trade in U.S. dollars

On my first trip to León, Nicaragua, I felt like I’d gone 50 years back in time since leaving Granada, just three hours down the highway. By 2004, Granada was already well discovered by expats, had a lively and mature real estate market, and was as pleasing a Spanish Colonial environment as you could find…much like it is today.

León, on the other hand, was a bit rough around the edges.

It had all the basics of a great colonial destination—things like beautiful churches, attractive plazas, and a bustling town square overlooked by a massive cathedral. What’s more, there were literally hundreds of large, Spanish-Colonial homes, few of which were restored.

But what it didn’t have was a real estate market. Nothing was for sale, as far as I could tell, and there was no real estate agency to be found. After a day of walking the streets on that first visit, I finally found an attorney who would serve as my real estate contact. As I left his office, he was calling his friends and relatives to see if anyone wanted to sell a colonial.

But that’s no longer true today. Continue reading