Nicaragua has spoken and Iguana reacts!
Dear Iguana Reader,
Over the past few days I have received many emails asking an overall opinion on the Nicaragua elections and I have seen many posts with varying reactions. First and foremost I would like to direct your attention to the following New York Times article:
http://www.nytimes.com/2006/11/08/world/americas/08nicaragua.html_r=1&adxnnl=1&oref=slogin&adxnnlx=1163095816-ZnEWClEmMwZ1NQmOOxxMJg
We at Iguana are going ahead with many projects. Two weeks ago we commenced construction on Plaza El Pozo (our boutique hotel and commercial center), construction has also started on the town houses on the hill called Villa Las Colinas plus two private home sites. We are set to commence Villa Rio Dulce in December, and our sister projects on the golf course have assured us that they are going forth in their condominiums, town houses and commercial plans.
I would like to add that just this week alone Iguana has sold three properties at a considerable price. We received an email from a client asking to buy any scared investors' property at a huge discount, of course, I suggested that he shop elsewhere. I even hear from our neighboring developers that sales picked up immediately after the elections.
For us business will proceed as usual, my guess is that Nicaragua will go at it in the same manner. With a four party house in the legislature Nicaraguan politicians will have to work with Daniel Ortega and vice versa. Even the United States elections have been an eye opener to politicians. As my old boss Scott Larsen used to say to me: "Ulrik, if you cannot change the person, then change the person!" The people have spoken.
