Remax in Granada: Left for Colombia

Submitted by quensey on 14 January, 2008 - 23:21.

I've heard rumors that the Remax in Granada has picked up and left Nicaragua for Colombia. True?

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Remax

Submitted by BlackEagle on 15 January, 2008 - 18:55.

Can't remember if Charlie was the Remax agent I talked to in Granada but if he was Nicaragua is well rid of him. Out of all the real estate people I talked to in Nicaragua he was probably the most unscrupulous of the bunch. Colombia will know how to treat him if he has moved there.

Yes...

Submitted by mjt on 15 January, 2008 - 01:33.

Yes, the guy(s) in charge left for other Colonial cities, and in particular Cartagena, Colombia. This happened quite a while ago. Remax changed hands but did not die. Some business friends and associates of theirs in Nicaragua left for Panama, and others for Santo Domingo (Dominican Republic). Some of the home restorers and builders (the best builders in Grandada) left for either Cartagena or Popayan (also Colombia) or Colonia (Uruguay) - also all colonial cities. I don't know that anything all that significant or useful can be drawn from these facts, since not all of these people left for the exact same reason(s).

Cartegena

Submitted by dirtbag on 15 January, 2008 - 15:11.

Interesting that name came up. There has been a little buzz going around in Toronto, also I jusy got back from a wedding in North Coast Dominican Republic and a couple of Canadian developers were talking about that City as a good spot for Investing.

Cartegena

Submitted by dirtbag on 15 January, 2008 - 15:10.

Interesting that name came up. There has been a little buzz going around in Toronto, also I jusy got back from a wedding in North Coast Dominican Republic and a couple of Canadian developers were talking about that City as a good spot for Investing.

Cartagena

Submitted by chele leon on 15 January, 2008 - 21:45.

Cartagena is nice, the colonial walled city especially, with the narrow lanes and bars and restaurants. The problems arise with Colombia as a whole. Kidnappings occur on occasion and Cartagena is accessible going through Barranquilla, which is not a very attractive city. Otherwise things are not very accessible by car because intercity travel is limited in Colombia for security reasons. (Uribe is improving this though) So it is pretty isolated. The glamorous of Colombia go there to see and be seen on holidays though so it can be fantastic for people watching. I think the hype may be more associated with the strength of the canadian $ than Cartagena itself. We looked into it 5 years ago but the whole highrise apartment thing was just too sterile, and the easy money was already gone from an investment angle.

Easy money?

Submitted by mjt on 15 January, 2008 - 22:20.

Colombia, and especially Cartagena, may have some problems but they have certainly not lost their days for "easy money" (though there are many other reasons beyond this for selecting it as a destination), if by "easy money" you mean real estate ventures.

Cartegena, for its size and the money there on any given day, is remarkably safe. In fact, this is partly why so many people have been going there in the last 5 years. And, it is why so many people formerly working real estate and colonial renovation and construction in Grananda -and doing remarkably well at both- left for even greener pastures in Colombia.

Colombia has numerous colonial cities, which is much of the lure. Car/bus travel is not that unsafe in most areas of the country. Most of the people relocating to Colombia (you cannot just live there, simply, on a tourist visa as they have a more complicated set-up than any Central American country) are not Canadian. So, while it might be true that the Canadian dollar fuels part of this hype (I dont know if it does or not) it can not explain why so many people from the U.S., Europe and Asia are part of the move.

For those unfamiliar with Cartegena

Submitted by BlackEagle on 18 January, 2008 - 07:42.

I have posted a photo showing the old part of the city under the indifferent to category of photos