Valuations of real estate in Nicaragua.



Valuations of real estate in Nicaragua.

                                           Valuations of real estate in Nicaragua.

In Nicaragua we can find different types of valuations for real estate:
The Fiscal valuation carried out by the Municipality where the property is located.
The Fiscal valuation carried out by the State of Nicaragua through its dependencies.
Market valuation carried out by an authorized and accredited company, especially for real estate valuations. These types of companies must have a government accreditation to perform these assessments.

Each of the valuations are different, the valuation amounts do not match. The Municipal valuation is the lowest of all. The valuation of the State of Nicaragua is average, but it is not very high, but it is not adjusted to reality. Market valuation is the most accurate valuation at its real price.

Are the real estate offices in Nicaragua accredited for valuations?

Most real estate offices in Nicaragua do NOT have accreditation to perform real estate valuations.

Based on what valuation you must pay real estate tax in Nicaragua?

In Nicaragua, real estate tax must be paid based on the Fiscal valuation carried out by the Municipality. The real estate tax must be paid every year. The real estate tax must be paid no later than June 30 of each year. If the tax is paid before March 31, the municipality will make a 10% discount.

To buy / sell a property in Nicaragua, what valuation should be used?

For the purpose of buying or selling a property, the market price is usually used. The way to know the market price is to request it from a duly accredited valuation company.

Prepared by Marlon José Blandon Argeñal
                        Lawyer and Notary Public
Specialist in Real Estate Law & Business Law.

Ubicación: Granada Nicaragua Calle Real Xalteva, Granada, Nicaragua

Comments

  1. VigneshJuly 18, 2022 at 4:38 AM

    legal due diligence report is focused on the investment and is often used to answer the question ‘How green is this investment?’. It is conducted at the time of investment and should include an assessment of the potential risks associated with the project and a review of the way the project will be developed

    ReplyDelete

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