I recently visited Nicaragua and was amazed at how much development is going on there. In San Juan del Sur, a little town of approximately 20,000 and located just north of the border of Costa Rica, there are more than sixty new developments going in. Some of these are developments are razing the landscape with bulldozers and attempting to limit access to the pristine beaches which locals have always enjoyed. Surfing is very popular here as the almost year round off shore breezes make for perfect wave breaks. The infrastructure to accommodate this rash of development is not in place and in fact the power company cannot keep up with the demand and there are frequent, almost daily power outages.
San Juan del Sur is beautiful and the Nicaraguan people are very friendly. It is a very poor country and this sudden influx of foreigners and their money may forever change the landscape of the country.
If you are considering purchasing property in Nicaragua, please choose carefully. There are developers who "develop with a conscience" such as NicaDev. These developers are Eco-friendly and put money back into the local economy for schools, have reforestation programs already in place, have built roads with proper drainage (there two seasons in Nicaragua; wet & dry) and building bylaws which require solar-only building and water conservation.
Regardless of how you choose to invest in Nicaragua, please try to do so in an Eco-friendly way!