Saturday, September 16, 2006

Land for Sale Listings in Central Americas

Costa Rica, 29,020.00 Sq. ft, 350,000 USD, for Commercial use

Nicaragua, 1,000.00 Acres, 450,000 USD, for Development use

Honduras, 3.48 Acres, 270,000 USD, for Development use

Costa Rica, 4,000.00 Sq. m, 59,900 USD, for Home Site use

Central America Wants U.S. Retirees

"Several Central American nations have sought to increase their appeal by passing laws meant to attract retirees, investors and others who can pump cash into the economy.

"Baby boomers are a growing market with disposable income looking for a place to live, and Nicaragua has that," said the country's young minister of tourism, Maria Rivas. She's putting her Harvard-honed business skills to work highlighting the country's safety, its modernizing infrastructure, and the laws enacted to attract foreign investment and retirees.

Rivas said tremendous growth has taken place in recent years under the democratic government.

In Nicaragua, those willing to put money into the country's tourism industry, such as setting up a seaside cafe or resort, qualify for tax breaks of up to 100 percent on everything from construction material to furniture for up to 10 years.

Honduras and Belize have passed similar measures. Panama sweetens the deal by throwing in discounts of up to 50 percent on all the comforts an American abroad could desire: movies, restaurants, airline tickets, even prescription medication and hospital stays.

The number of Social Security checks drawn abroad has risen steadily, from 188,000 in 1992 to 255,000 in 2004.

And a growing number of retirees have been seeking out Central America and the Caribbean. More than 15,000 Americans drew their Social Security checks there in 2004. And the number of people who spend part of the year in the region is probably much greater, experts said." read more

by JULIANA BARBASSA, The Associated Press

Friday, September 15, 2006

Real Estate Auctions Offer Faster Sale, Often Higher Price!

Welcome to the world of real estate auctions!

"It is a popular trend in other parts of the country where high-end resorts, farms, and undeveloped land attract bidders on a big scale. But Maine's real estate buyers and sellers have, until recently, relied on traditional broker relationships. Real estate auctions were equated with bank foreclosures and distressed properties.

Auctions appeal to people frustrated with properties that have not sold, someone relocating who needs a new home fast, an heir who inherited a house but doesn't want the hassle of maintaining it or a developer who wants a buy-fix-and-sell.

Real estate was one of the most active live-auction categories across the country, according to the National Auctioneers Association.

Residential real estate auction sales in the country showed an increase of 8.4 percent over last year, up to $51.2 million. Land and agricultural real estate auction sales grew 7 percent and commercial real estate auction sales increased by 4.9 percent." more

Copyright © 2006, Kennebec Journal, Augusta, Maine

Distributed by Knight Ridder/Tribune Business News

5 New USA Land for Sale Listings

Florida, 10,000.00 Sq. Ft, 42,500 USD, Single Family Land for Sale

California, 21,344.00 Sq. Ft, 6,600,000 USD, Multi Family Land for Sale

Oregon, 127.89 Acres, 895,000 USD, Timberland Land for Sale

Texas, 300.00 Acres, Auction, Development Land for Sale

Hawaii, 10,404.00 Sq. Ft, 278,000 USD, Single Family Land for Sale

Tuesday, September 12, 2006

Nicaragua: The World’s Best-kept Retirement Secret

"Nicaragua is a nation at peace. Its government is democratically elected, committed to a free-market economy and eager to attract foreign investors. A recent study by the Inter-American Institute on Human Rights and a survey of police forces in the Americas show that Nicaragua is the safest country in Central America and one of the safest countries in the world. Recent studies also point to Nicaragua's low reported crime rate -- lower than in Germany, France or the U.S.
The current president, Enrique Bolaños Geyer, elected in January 2002, is committed to progress and development for Nicaragua. He says, "Today's Nicaragua is working to meet the challenges of global competition, and I offer my government's support for your future business activities in our country."
In September 1999, Nicaragua enacted the most attractive -- and most aggressive -- tourism-incentive law in Latin America. If you've ever toyed with the idea of owning your own B&B, running a sailboat charter, leading adventure treks into the jungle, dishing up meals in your own restaurant or operating any kind of tourism-related business, Nicaragua is the place to do it.
Law 306 is sweeping in scope and offers hard-to-beat benefits for investors who take advantage of the program. If your business qualifies, you pay no income- or real-estate taxes for up to 10 years. You can bring in (or buy locally) all the supplies you need -- from furniture and boats to linens and cash registers -- tax- and duty-free.

If you're simply in the market for a place to relax and spend a few months a year in a quiet, safe, affordable retreat, again, Nicaragua is hard to beat. The country's retiree incentive program is much like Costa Rica's was in the 1980s, attracting thousands of expatriates. To be eligible, you need only be over 45 and have a monthly income of at least $400.
The benefits come mostly in the form of tax incentives. As a foreign retiree, you:
pay no taxes on any out-of-country earnings.
• can bring into Nicaragua up to $10,000 of household goods for your own home, duty-free.
• can import one automobile for personal or general use duty- and tariff-free, and sell it after five years, tax-free.
• can import an additional vehicle every five years under the same duty exemptions.
The cost of living in Nicaragua is a fraction what you're used to paying up north. Our sources on the ground say a two-week supply of pork and beef costs about $65. For enough fresh vegetables to feed four or five people daily for a week, expect to pay about $55. A 30-minute consultation with a U.S.-trained physician will cost you about $35. You can hire a maid who will cook, clean and do your laundry for less than $120 a month; and you'll spend just $25 on a wonderful restaurant meal of local delicacies, including with wine and dessert. "
read more

By Kathleen Peddicord, International Living