How Much Is an Acre in Nicaragua 🇳🇮 Real Estate

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  • Опубліковано 27 сер 2024

КОМЕНТАРІ • 113

  • @sonorangreenman4472
    @sonorangreenman4472 Місяць тому +1

    That was very useful!!

  • @user-wu3yj6jz4l
    @user-wu3yj6jz4l 9 місяців тому +2

    In western NY my farm land was $1,000 acre. Gringo pricing, ask a local and pay them a fee to help you negociate amd get and attorney

  • @BillBlyleven
    @BillBlyleven 2 роки тому +4

    One subtility on buying raw land. A building will typically have markers demarking the actual property boundaries - Land does not - A lot of lands will have legal descriptors like "To this big Tree and then off to that big rock and then so much distance to Don Alfonso's farm" etc etc. Many of those landmarks are long gone. Therefore, you should only look at land that has an official survey with a stamp from the Alcadia and/or the CSE.
    We actually had a CSE certified survey for our plot but the Alcadia wanted their own - We were all worried about being hosed at an exorbitant rate to do it - Cost: C$50 and my Brother In Law took them out for lunch for another C$100 and it was all good.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому +3

      We bought land that lacked the survey. But it was just an extra process to have an official survey made ahead of time. Slows the process, adds more steps, but you can do it. Definitely make sure you get that Alcadia stamp, but you can have that done if it doesn't already exist.

  • @momoneydon1
    @momoneydon1 2 роки тому +3

    Thanks for keeping boots on the ground Scott it's a total illusion on the internet here in America as far as prices go

  • @raku5219
    @raku5219 2 роки тому +5

    This vid was really helpful, good info. Thanks Scott. Looking forward to the follow-up. Also, we want to learn a little more about your land project near the sea, the mitigating circumstances you mentioned which made the price higher and best strategies moving forward.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому +4

      So it's pretty simple. The land is near the ocean, that makes it a premium price already. And it is in the dead center of town, also a small premium. It is completely undeveloped. It is the largest plot of undeveloped land in the entire region. It took years to find the owners and convince them to sell. It sits on a key roadway. And it is an actual "real" plot. It's a lot of small premium pieces that all add up. It's a spot I wanted months before even moving to the town, so being able to get it at any price is a big deal.

    • @StoneyBus
      @StoneyBus Місяць тому

      @@ScottAlanMillerVlog Are there any laws within Nicaragua's Constitution concerning the old Spanish "Real" titles etc..?

    • @StoneyBus
      @StoneyBus Місяць тому

      This property sounds great Scott, very happy for you l understand somewhat of what it takes to find valuable land, we own an acre in Broward Co. Florida which took me over a year to find at the bottom of the market in '09. Now we are doing this all over but leaving the U.S. Inc. Great channel thx for sharing !!​@@ScottAlanMillerVlog

  • @bananapatch9118
    @bananapatch9118 2 роки тому +2

    Thanks Scott !

  • @JeriGoble
    @JeriGoble Рік тому +1

    This video has me wanting to ask you so many questions. Too many for a comment.
    My main two are: 1- If San Juan Del Sur is doing badly, isn’t that a good time to buy? When things are cheaper? And 2- If I’m driving the coastline and see an empty area I’d like to offer to buy, how do I even find the owner?
    We are coming in January, renting a car, and just driving through every beach town to look for opportunities.
    Do you offer one on one sessions? I would pay obviously..

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  Рік тому +1

      I'm about to make another video to answer stuff. But yes, this is THE time to buy. For sure.

  • @JoshuaMartinez-me8ld
    @JoshuaMartinez-me8ld 2 місяці тому +1

    Glad I came across this video. As of a few moments ago, I didn't know how many acres of land I actually had.
    I recently inherited 20 manzanas, which I now know is not 20 acres lol The land had never been used so I had it cleaned and then had a few acres.....sorry, manzanas of cepas planted. The plantain farm should take 12 months to come to fruition.
    I'm still a year or so away from having to report any foreign income, as there are no profits yet. But I was wondering if you had any tips for an American who will now earn and report foreign income. I don't believe an LLC is needed?
    One take away I've gotten from your videos is that residency is not beneficial to helping purchase land, but what about for running a business (farm)?
    My family is from a remote area that is surrounded by farmland and everyone says that they don't pay income taxes. There are trucks that come from Costa Rica and Managua, load up on the harvest is (usually plantains and watermelons, whatever is in season), pay cash and leave. I assume they should be self reporting and choose not to. Is that your experience with acquaintances in the farm business?

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 місяці тому +1

      You definitely have no benefit from residency for anything like a business. Residency is ephemeral, it comes and goes over time depending on things like your vacation status. So if you needed it for something, it would be a major problem. But you don't, so all is good.
      You SHOULD have a business though. As a foreigner, you are definitely going to need to pay taxes here. Your neighbors are likey close to substanance farming and the government ignores them as there is nothing to really collect. But you are not in the same boat and 20 manzanas, that must be around 32 acres, is a lot of food production for a foreign entity.

    • @JoshuaMartinez-me8ld
      @JoshuaMartinez-me8ld 2 місяці тому

      @ScottAlanMillerVlog That makes sense, thank you! Sending some coffees. Should I be looking at a business lawyer in the US or Nicaragua? Or both? I believe I should be able to handle the US side without a lawyer or tax consultant as that research is easier to digest.

    • @StoneyBus
      @StoneyBus Місяць тому

      ​@@JoshuaMartinez-me8ldCorrect me if l am wrong but creating a foreign trust or at least a U.S. trust should have a lot of benefits. We have everything in a Fl. Land trust as Florida has them, however, other states do not.

  • @joels1234
    @joels1234 Рік тому +1

    excellent videos Scott... it looks veryinteresting there... I surf costa rica in the 90's... I really like those areas... and beauiful people,,,

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  Рік тому +1

      Time to get back and surf Nicaragua! We have great surfing near my place on the beach and Buena Onda Surf is a business partner with us. Decent surfing in the Leon area!

  • @samoualx
    @samoualx Рік тому +1

    Great advice, I was born in Nicaragua and looking to buy something near the beach!

  • @earlkitsch1155
    @earlkitsch1155 Рік тому +1

    Thanks for the info

  • @bpw3465
    @bpw3465 2 роки тому +1

    thanks again for great current info!

  • @blueangel9746
    @blueangel9746 2 роки тому +1

    Nice. Your cap. , CERVEZA GALLO. the Best. GUATEMALAN GALLO and MOZA are delicious.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому +1

      I actually managed to get Moza draught while there!

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому +2

      I wanted to get a second cap, too. Gallo has multiple colors. I'll save that for the next trip. I'm working on starting a new show that will take me to Guatemala quite often, if all goes well. Fingers crossed.

  • @raindances3310
    @raindances3310 2 роки тому +2

    I'm surprised about San Juan Del Sur. I thought they were on the rise not still falling. Everyone always says live somewhere a year before you buy and this makes me nervous because we aren't even planning on moving for at least a year. We have to much stuff to get organized.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому +6

      Don't be nervous, just don't jump the gun and buy too early. You wouldn't buy in Texas, New York or California from a distance without visiting first and getting to know the area. You'd rent and learn what towns or neighborhoods you like. You'd take time to get to know the local real estate prices.
      For some reason, everyone seems to want to buy BEFORE they move, and do so without visiting first when it comes to Nicaragua. Which I find strange, but my wife made me do the same thing. She refused to move until after we'd bought our first place. Luckily, we had lived in Nicaragua previously and we had offices here that were able to help us get a decent deal. But it's a really bad approach.
      Treat nicaragua like anywhere else, rent, make sure you picked the right place, get to know the market, get a good deal. There is nothing whatsoever wrong or bad about renting for a year, or even more, to give yourself time to explore and discover. It'll help you ensure you are making the right decision for you.

    • @NicaFarm
      @NicaFarm 2 місяці тому

      @@ScottAlanMillerVlog Renting first is the way to go!

  • @scottneighbors7077
    @scottneighbors7077 6 місяців тому +1

    Good stuff! 👍🏼👍🏼

  • @newworldmoney8926
    @newworldmoney8926 2 роки тому +4

    Could you do an actual video being more indepth on prices for different goods at different grocery stores? I could not find a video from you other than a general overview on this topic.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому +2

      I don't see why not, that should be pretty easy to do. Anything in particular that you want to know about?

    • @michaelchiarappa6294
      @michaelchiarappa6294 2 роки тому +2

      Steaks meat etc

    • @newworldmoney8926
      @newworldmoney8926 2 роки тому +2

      @@ScottAlanMillerVlog - Thanks for the reply Scott, no I would suggest just walk the aisles show common or interesting products and the prices. Maybe discuss the quality of the products and just chat as you do best. :) Also, I was thinking a $10 market buy at a big market to see just how far that will take you when it comes to how much food you can buy. :)

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому +1

      @@newworldmoney8926 cool, I can do that.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому +1

      Heading to the grocery store now to get some info. La Colonia in Zaragoza.

  • @hellentorres3510
    @hellentorres3510 2 роки тому +2

    I want to buy a manazana in el crucero managua 🧚‍♀️

  • @mitchparajon8126
    @mitchparajon8126 Рік тому +1

    And here I am on 1/26/2023 asking: Can you find undeveloped land for 1000 dollars anywhere in Nica, and how big would it be?

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  Рік тому +3

      I would say pretty easy to find, most parts of the countries will have that. How big will really depend on where it is or what it is. In some places that won't cover a housing lot, but many places it will (not a beach you know, but most places.) And in some places it will I'm sure get you an acre or even a manzana (1.7 acres.). You might get lucky and get a little more BUT, that's hard with only a single $1,000 purchase. If you wanted a ton of land, the per acre cost would go down.

  • @user-hs8fo9kz5u
    @user-hs8fo9kz5u 9 місяців тому

    All my buddy owns lots properties in Nicaragua and business goings good

  • @maxkehem
    @maxkehem Рік тому +1

    Hey ! Do you know a good agency / management where I can look at their listing ? Thanks

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  Рік тому +2

      No, there are none. Don't look at agencies. Watch my videos explaining why, it's complex and I go into some detail as to how the market works and why, no matter how well meaning at agent might be, it's not going to work well for you because that is not how things work here. You can't scope properties in any reasonable way from abroad nor online. What you do find will be mostly (or entirely, I suppose) fake and misleading. You'll think that things are selling, that prices are high, and that things are available that aren't. Don't try to do property the American way, you have to do it the Nica way to have it work well in this country.

    • @maxkehem
      @maxkehem Рік тому +1

      @@ScottAlanMillerVlog good thanks, will come by this year 👍

  • @markusschellenberg4684
    @markusschellenberg4684 Рік тому

    Acre is universal? Mate: 98% of all countries work with metric. So that would be sqaure meters, or 100 sqm (ares), or 10'000 sqm (Hektares). Love your work, Cheers

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  Рік тому

      Acres are pretty universal. Acres and hectares are the big universal standards. But Latín America used manzanas which are non standard and different in each country. Here in Nicaragua acre and manzana are the things commonly used. Once in a while meters and varas. Varas and manzanas are the most commonly used on the ground in Nicaragua but mean nothing to outsiders.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  Рік тому

      Acre is a latin reference to a maple grove. arce means maple. just as a manzana is an apple grove.

  • @RavenReforged
    @RavenReforged Рік тому +1

    What's the best region for a homestead and ranch?

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  Рік тому +1

      I don't think that there is a single best area. So many great options. It would depend heavily on if you want a beef cattle ranch or other ranch, how big, weather, style and other factors. Boaco and Chontales regions are famous for their cattle ranches. But Leon and Matagalpa definitely have big ranchable regions. Chinandega, too. Rivas has loads of open space. Masaya is a no, Carazo, would be hard. Managua the options would be few. Granada difficult and very limited. Esteli hard. Jinotego, no.

    • @baronteddyvonforsthoffer2567
      @baronteddyvonforsthoffer2567 3 місяці тому +1

      Jinotepe, Diriamba and Nandaime.

  • @hoppeanofasgard1365
    @hoppeanofasgard1365 Рік тому +1

    Is that whole leasing land from the government arrangement like the ejidos in Mexico where the locals that go through that process essentially have land they don't have to pay property tax on for decades until the government either decides to title it to them or their family much further down the line or they just renew their lease?

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  Рік тому +3

      Sort of I guess. Here you get a 99 year lease and you can do any number of things to renew it. So it's seriously like a forever lease.

    • @hoppeanofasgard1365
      @hoppeanofasgard1365 Рік тому

      @@ScottAlanMillerVlog And let me guess multiple families leasing one plot of land right?
      That's how Ejidos generally are in Mexico.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  Рік тому +1

      It's a gated community. You know, like a housing development. Totally normal. Communities like this, gated or open, are the standard all over Nicaragua. Gated is preferred because you have way more security, people to accept deliveries for you and so forth.

    • @hoppeanofasgard1365
      @hoppeanofasgard1365 Рік тому

      @@ScottAlanMillerVlog Yes but these communities are not all on leased land are they, I think when you responded here you thought this thread was about the gated community we were discussing in the other video about the walls lol.
      I was just comparing the real estate options and trying to draw similarities to Mexico.
      It's all good though.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  Рік тому +2

      No gates communities are on leased land. Leased land only exists on indigenous beaches. I don't know of anywhere else. And it's only the sand, not the other side of the street. No normal person is dealing with leased land. That's unique to the baller water front people and only a very few of us. I happen to own one of the very few leased land hotels in the country. It's no big deal, the lease isn't a negative in any way. But it's also super rare. Most beaches don't have that. And even our beach it isn't the whole beach.

  • @Auntie-kb4oo
    @Auntie-kb4oo 11 місяців тому +1

    Is it necessary to actually come to Nicaragua to find these prices? Because, all the youtube sites reflect prices for land that are 15k plus per acre...

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  11 місяців тому +2

      Absolutely. There is "nothing" real from Nicaragua ever online. The market here does not go online, so by the nature of something being online it means that it is an advertising "gimmick" for foreigners who are avoiding shopping like a Nicaraguan. So there is no way anyone is going to bother putting something online at a market price because anyone looking online is either unaware of how things work (and what prices are) in Nicaragua or just refusing to do things in a Nicaraguan way and opting to pay a massive "gringo" tax.
      Remember we have no real estate system here, there are no agents. And there is no MLS. So all the mechanisms, all of the approachs you would use in a US or a Canada... none of that makes sense here at all. But there are endless people who will offer to give you an experience that "feels like" what you get in North America to get your money.

    • @Auntie-kb4oo
      @Auntie-kb4oo 11 місяців тому +1

      Thanks for the heads up.
      Knowing that, I plan to arrive in Nicaragua in a couple of weeks, to look for property...
      Is there anyone with integrity, that you can refer to help find property?

  • @jenniferthorndyke7379
    @jenniferthorndyke7379 2 роки тому +1

    We’re looking for land by the beach 😅 have you come across a good deal on your daily walks?

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому +2

      I rarely walk down by the beach anymore. There are a few places for sale down there, but not a lot. Most of what is for sale is "hail mary" stuff listed by people I would not trust. I don't even trust that they are actually the listing agent and didn't just spray paint their name on a wall. But if you are willing to spend a reasonable amount, there are legit beach properties out there. Just not a lot of them. Most of what seems like it is unused on the beach is actually someone's occasional beach front holiday home and they rarely want to sell them. give me some details of what it is that you are looking for.

    • @jenniferthorndyke7379
      @jenniferthorndyke7379 2 роки тому +1

      @@ScottAlanMillerVlog well I was going to get some land around the beach for around $5-$10K based on the prices you mentioned here. I’ve been looking specifically at las peñitas and poneloya. We would consider other areas around Leon if we can find a manzana within that price range.
      My plan is to recruit my dad and drive around Leon once we’re in Nicaragua but it feels like it won’t be a one day thing.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому +1

      @@jenniferthorndyke7379 $5-10K off beach but in the beach area for a manzana isn't a problem. Your biggest issue is that no one has manzanas available. That's an epic amount of beach-area land. That's many times what the big hotels buy. So the biggest problem is finding a seller with that much to sell and willing to part with it. Some do exist, but there is often a premium for land of that size as it's unique.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому

      But it really depends how far off of the beach you want to be. Walking distance... manzanas are all but impossible to find. But within half a kilometer? Oh, easy, they are everywhere for cheap. Only takes a little bit to change everything. Poneloya might have some space behind town, but it gets swampy.

    • @jenniferthorndyke7379
      @jenniferthorndyke7379 2 роки тому +1

      @@ScottAlanMillerVlog that’s a very good point lol we’d settle for way less but like you say they’re hard to come by.

  • @unofficialobserver
    @unofficialobserver 2 роки тому

    maybe the young boys think its creepy a man filming in the park, lol. other observation park benches look at fence. I'd buy up on the mountains, old coffee plantations.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому +1

      Yes, the fence view is weird. But there is a beautiful river down there... when it isn't full of trash.

  • @surfreadjumpsleep
    @surfreadjumpsleep 2 роки тому +1

    This isn't so hard. 1-4k for an acre in Maine.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому

      In Bat Harbor? ;)

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому

      The difference is that's remote Maine. Most people when looking in Nicaragua want to get prices in the metro area of a city.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому +2

      Here I think the range is like $100 - $50,000. So the disparity is very different.

    • @surfreadjumpsleep
      @surfreadjumpsleep 2 роки тому

      @@ScottAlanMillerVlog I confess I left the comment before I had watched your video. You were in fact very forthcoming with a price and offered a great explanation as to why it varies so much.
      Honestly I am really tempted in Nicaragua. I surf & Costa rican prices are just nonsense. I'm not sure what Panamanian prices are like.
      I'd like to find some land that isn't too far from a surf spot (willing to drive there) to set up a little getaway sort of house. Nothing too fancy.
      I suppose theft is something you need to consider before building / buying?

    • @surfreadjumpsleep
      @surfreadjumpsleep 2 роки тому +1

      @@ScottAlanMillerVlog Not Bar Harbor. :). But you'd be surprised how close you can get to the coastline for that amount. I'm thinking this property is a good investment these days with climate change making parts of the US unlivable.
      Then again this land has no avocado trees on it.

  • @user-wu3yj6jz4l
    @user-wu3yj6jz4l 9 місяців тому

    Teseat j averager per acre o. The area. No brainer, not complicated 😂

  • @rashiidmiller7884
    @rashiidmiller7884 Рік тому +1

    Is there a way I can reach out to you on WhatsApp to ask personal questions on land in Nicaragua?

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  Рік тому +2

      Reach out on InstaGram and I can give you my WhatsApp from there. WA numbers are blocked here. @ziffedtraveler

  • @jimmygorgiev9379
    @jimmygorgiev9379 2 роки тому +1

    People need clean water, they need dependable electricity and a dependable internet connection. But everybody knows from your videos that these utilities are not dependable. Thanks for the information.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому +4

      Water turns on and off, that's an issue. Electricity is better than in the US, but not perfect. Internet is super dependable, which you see in my videos. Here electricity goes off for brief periods, but in the US (Texas and NY that I'm used to) it goes out for days at a time.
      Right now is a perfect time to talk power. Power has been stable here, no issues, for some time. Texas is in a power emergency and asking people to stop using the air conditioning so much because there isn't enough power for the state. Here in Nicaragua, we have enough power that there is no such concern (our outages are mostly a localized thing as the new hospital gets put in) and are continuing to sell surplus to the region.
      Water, yes, water pressure is an issue, but not a shortage. That's why we use tanks and pumps. There is enough water, but not reliable delivery. But it never fails. It's better than what we experienced living in Sicily where the water was only on a couple hours a day, every day.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому +4

      But no issues on clean water, no sewage issues, electric is the best in the region (when we go out, so does everyone else since we are where it comes from) and the Internet is second to none - definitely outclassing the US and Canada. US is the leader in water, no question. Always pressurized, always clean, always hot when you want it. Can't knock how well the US does water supply.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому +2

      Like in the US, rural areas would just dig a well. I grew up in New York and we didn't have municipal supplies and still don't. But well and septic tank work just fine in either case :)

    • @BillBlyleven
      @BillBlyleven 2 роки тому +1

      City water on the Pacific side goes extremely far out. For example, Masaya water feed goes 15km outside of town to the Northeast. Also, people are unnecessarily suspect of the Water in Nicaragua. There was a major build-out of German-made water plants in the early '00s that cover pretty well the entire pacific side of the country.
      Reliable electricity is relative - With power available only one or two days a week in the early 00's you can probably count the amount of hours the power is out on one hand in a week now a days.

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  2 роки тому

      @@BillBlyleven we've been out only 30 seconds or so this month. My dad was out for two whole days in New York this month and Texas is under power warning that they are out of power.

  • @WyleySpencer-lh2no
    @WyleySpencer-lh2no Рік тому

    Why are you vlogging in a kids park?

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  Рік тому

      You mean a "park"? It's not a kids' park. It's the neighborhood park.

  • @ReachOutforChrist
    @ReachOutforChrist 10 місяців тому

    How do I private message you?

  • @rj6658
    @rj6658 Рік тому +1

    Can I have your email

    • @ScottAlanMillerVlog
      @ScottAlanMillerVlog  Рік тому +1

      My IG is safer, @ziffedtraveler because UA-cam blocks emails. But my email is scott at relocate nicaragua dot com. Maybe that will get through.