Nicaragua: House Prices, Rents, and Rental Yields
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Last Updated: Nov 26, 2008
Yields decreased to 7.27%
| Last Updated: Nov. 26, 2008 | |||||
| MANAGUA - Houses | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 3 BR | 216,098 | 1,642 | 9.12% | n.a. | n.a. |
| 4 BR | 359,140 | 1,999 | 6.68% | n.a. | n.a. |
| 5+ BR | 438,448 | 2,196 | 6.01% | n.a. | n.a. |
| GRANADA - Houses | |||||
| 3 BR | 222,765 | n.a. | n.a. | n.a. | n.a. |
| 4+ BR | 401,250 | n.a. | n.a. | n.a. | n.a. |
| Districts researched Managua: Estancia de Santo Domingo, Las Colinas, Las Cumbres, Santo Domingo Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Houses in prime areas of Managua seem to have increased in price since we last surveyed them in 2007. Three-bedroom houses rose in price by an average of around US$ 40,000, from US$ 177,000 to US$216,098, on average. Average prices for five-bedroom houses are now above US$400,000.
Rents seem not to have kept pace with prices. Gross rental yields have decreased to 7.27% this year, from 8.33% the previous year (2007). These are good yields levels, and we find that yields are much higher for smaller house sizes – 3 bedroom houses yield 9.12% on average, which is an excellent level of yields.
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posted by howard hodges | 2007-05-26
realestate sales, rivas
?Nicaragua is only 45 miles from Costa Rica. The price difference is 1,000%. You can buy the same lot here for US$300,000 that you can buy in Nicaragua for US$3 million. needs some corrections with this statement costa rica and nicaragua are niebouring countrys ....there is no 45 mile gap ... your price struckture is off .. good informative site none the less