Rising Stars

Real estate in Nicaragua


The powerhouse real estate group at Arias remains a market leader, with experience of advising private individuals on domestic property matters and national and multinational corporations on high-value, cross-border transactions. Led by Róger Pérez, an expert in the tax aspects of real estate matters, the team’s comprehensive service covers complex due diligence procedures, litigation, purchases and sales, leases and construction contracts. It is supported at the associate level by Uriel Balladares, who specialises in horizontal property regimes and regulatory matters. The practice’s active client base spans the hospitality, agriculture, advertising, food and beverages, retail and financial sectors.

Practice head(s):

Róger Pérez


‘You can trust them and they do quality work. They pay attention to the details and do everything in a professional manner.’

Consortium Legal

Particularly adept at handling multi-jurisdictional issues’, the real estate and registry team at Consortium Legal employs the deep bench strength of its offices in El Salvador, Costa Rica, Guatemala, Honduras and Nicaragua to assist regional and multinational corporations such as Del Monte and Colgate with a diverse range of matters across the practice area. Helmed by Carlos Taboada, who brings 19 years of experience to the real estate area, and senior associate Brenda Martinez, a specialist in the purchase and registration of urban and rural properties, the group advises on tax matters, asset protection, regulatory compliance, due diligence and free trade zone transactions. The practice displays particular strength in the retail, tourism and apparel sectors.


‘The firm is particularly adept at handling multi-jurisdictional issues throughout Central America and partnerships in the US.’

‘The team is responsive and creative, has strong language skills and offers practical solutions.’

Key clients

Del Mar Apparel

Texnica Dos

BC Logistics

Bella + Canvas


San José

Del Monte

Pro Mujer

Grupo Monge


Work highlights

  • Advised Del Mar Apparel on the execution of a property acquisition in Puerto Cortés, Honduras, including the real estate and equipment of a free trade zone factory.
  • Advised BC Logistics on the free trade zone authorisation and ten-year lease of a warehouse for an apparel factory at Saratoga Industrial Park.
  • Advised on the free trade zone authorisation and ten-year lease of a warehouse for an apparel factory at Opinsa Industrial Park.

García & Bodán

The experienced team at García & Bodán coordinates with the firm’s offices in Costa Rica, Honduras, El Salvador and Guatemala to advise developers, real estate agencies, private investors, homeowners’ associations and multinational corporations involved in complex, high-value transactions. Headed by Eduardo Cabrales, an expert in deal structures and the tourism industry, the group’s full-service offering covers incorporation, tax planning, lease and rental agreements, due diligence processes and real estate litigation. Key support is provided by managing partner and corporate law specialist Federico Gurdián and associate Francisco Acevedo, who assists foreign citizens and investors with applying for resident migratory status in Nicaragua. The team’s active client base spans such sectors as telecoms, professional services, construction, financial services and retail.

Practice head(s):

Eduardo Cabrales

Key clients

Tola Development Group

La Costa Development

Payless ShoeSource


Coffee Adventures

Cala Azul

Work highlights

  • Advised Ciri Honduras on the constitution, registration and permitting for a local company, Ciri Nicaragua.
  • Provided Tola Development Group with comprehensive legal services in real estate transactions, including the drafting and execution of contracts related to subdivisions, sales and purchases of lots and houses, cancellation of mortgages and procurement of secured loans for construction.
  • Advising Morgan’s Rock company Habitat y Ecosistemas on the development of a condominium regime for its new project, known as Village Farms in Playa Majagual, San Juan del Sur.

Alvarado y Asociados

The experienced real estate practice at Alvarado y Asociados provides a comprehensive service to national and multinational clients, including Cemex and Grupo Bimbo, across the mining, fishing, food, construction and forestry sectors. The team advises on mortgages, sales and purchases, communications with municipal and tax authorities, title insurance policies and free trade zone matters. Gloria María de Alvarado, who brings over 40 years' experience to the practice, heads the team with due diligence and registration process expert Luz Marina Espinoza. Associate Jazmin Garcia assists with the environmental aspects of transactions.

Key clients

Cemex de Nicaragua

Centro Cultural Batahola Norte

Grupo Bimbo



The real estate and hospitality practice at BLP advises local and international developers, investors and financial institutions on matters ranging from leasing contracts, project structuring and joint operations to project finance, condominiums, water availability analysis, construction contracts and due diligence procedures. Director Federico Barrios and associate Felipe Castillo are the key contacts.