The Struggle to Buy a Beachfront Concession Lot in Nicaragua « hip-E habitat.
It was not easy, but after 10 months of trying we finally did it! We bought and registered a beachfront concession lot in the city of El Viejo in Northern Nicaragua!!!
There are two types of land available in Nicaragua to both nationals and foreigners: freehold titled land, which you can buy, own, re-sell etc. and concession “leased” land that the city owns, allowing you to buy and sell the rights to the yearly lease but only with their approval. We had always shied away from leasehold land. Why lease when you can buy? But, if you want beachfront property that is not inside of a development, for the most part it’s lease or nothing.
This is a great story from Holly Beck, who is an former professional surfer who now lives with her partner up in Northern Nicaragua where they run an excellent surf camp for girls and woman.
This is a good look at the reality of buying concession (i.e. leased) beachfront land. Definitely recommended reading for anyone looking to buy non-titled land. Lots of the actual beachfront land is on a concession lease, which means dealing with the Alcaldia (Mayor’s Office) of the area your property is located.