Next Hot Spot? How About . . . Nicaragua

Pour me somethin’ tall and strong
Make it a hurricane before I go insane
It’s only half past twelve but I don’t care
It’s 5 o’clock somewhere

–Jimmy Buffett, “It’s 5 o’clock Somewhere” lyrics

It’s always 5 o’clock somewhere — and somewhere, it’s a bull market for real estate development.

No, I’m not talking about China.

Coincidence or not, I’ve run into three local Realtor/developer types in the last two weeks who are involved in projects in . . . Mexico, Costa Rica, and — would you believe — Nicaragua(!).

Horace Greeley famously said, “Go West, young man!”

Maybe the equivalent now for real estate development is, “go south . . . to emerging markets in Latin America.”

(And no, as an investor, I wouldn’t sink your retirement money into one of these projects, just yet.)

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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