AGP Executive Report
Last update: 3 hours agoProperty Rights: Nicaragua has begun returning nine luxury homes on the Pacific coast that authorities seized from U.S. retirees in August and transferred to the social security institute. Officials reportedly started handing back keys on October 15, four days after the confiscations were publicized. The government has not explained the seizures or confirmed whether all nine homes will be returned; an INSS official had earlier offered to rent the owners their properties for about $2,000 a month. The reversal highlights the uncertainty facing foreign property owners.
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