We did a winter in Nicaragua with the intention of scoping out the possibility of buying a house. It looks pretty good on paper, until you meet the grumpy expat American surfers who will be your pool of future friends and see the soulless dusty plots of building land with all the locals cleared out except one guy with a shotgun whose job is to sit the same plastic chair all day every day... yeah. Pass.
Naturally this is written from the perspective of a US expat developer with the entire world to chose from, so it’s a bit of a different situation to the one discussed in the article.