A Lot Of Charm For Just US$37,000
Sept. 10, 2014, Granada, Nicaragua: Granada, Nicaragua, is the premier Spanish-colonial city and perhaps the best place in the world to shop right now for a Spanish-colonial home of your own
Dear Live and Invest Overseas Reader,
A Spanish-colonial city can be a great choice for retirement, and Granada, Nicaragua, is perhaps the queen among all Spanish-colonial city options. At the heart of this city, radiating from the central square, is a great variety of classic and charming Spanish-colonial homes with high ceilings, painted tiles, and private center courtyards.
And the best part is that you can own one for as little as US$37,000.
Founded in 1524, Granada claims to be the first European city founded in mainland America, so it's a truly old colonial city rather than a semi-modern lookalike. It's named after the ancient city of Granada, Spain, and shares some of that city's Moorish architectural influence.
Granada sits at the north end of Lake Nicaragua, with beaches near town and a group of small private islands just offshore, and just south of Lake Apoyo, Nicaragua's largest volcanic crater lake.
The international airport at Managua is a little less than an hour to the north, and the Pacific Ocean lies a little more than an hour to the west. The weather is warm to hot all year, with average high temperatures running seasonally between 86°F and 93°F (30°C to 34°C). Rainfall is moderate at 47 inches, and most of it comes between May and October in the form of afternoon showers.
It's obvious as soon as you arrive: Granada is one of most finely restored and preserved colonial cities in the Americas. It sees a good number of international travelers and has a sizeable expat community. These two things combine to account for the city's wealth of upscale hotels, fine restaurants, and well-kept buildings.