Rent or Buy?
When I was busy being a real estate capitalist pig in the US, the rule of thumb was that rent should be 1% of purchase price. Thus, if you bought a $80,000 house, you should rent it for $800/month. Some may say that the pretend interest rates in the US along with serious money printing may make those rules outdated it seems to me that the combination of the two pretty much keeps those rules on the realistic list.
In any case, what I have seen in Nicaragua is that rents tend to be more like 0.5% of the value of a property. I am not going to speculate on why that is the case but it is but one more reason why renting seems like a much better option than purchasing.
Sure, sometimes there is a real reason to but, in general, renting tends to be a better option in Nicaragua. Besides a financial benefit, you also maintain more flexibility.