When most people think of Honduras real estate, what they don’t think of is being able to afford a vacation home in the Caribbean, or moving to a country where they can live at least as well as they currently do…but for half the cost. But it’s true. Property on Roatan can cost a fraction of the price of the same property in any coastal region of the southern U.S. For example, a home in Villa Elena, an exclusive country club situated outside the capital city of Tegucigalpa, can cost $200,000 for a three-bedroom chalet perched on the side of a mountain in the temperate climate of southern Honduras. Here, country club dues are $60 a month, or $80 per month if you want to join the golf club. No green fees, no initial fee to join if you are a property owner, and you enjoy reciprocal rights at the other golf clubs in the country.
Buying Honduras Real Estate Is Easy and Cheap
Buying property in Honduras is a fairly simple process, but make sure you use a Honduras real estate professional and attorney. Foreigners enjoy the same rights of property ownership as Hondurans and can purchase up to three-quarters of an acre as an individual, or more by forming a Honduran corporation. Title is held in the same manner as fee simple, or freehold. You receive an Escritura Pública (publicly registered document) and, if buying in a corporation, you will hold bearer shares.
Property taxes for Honduras real estate are much lower than you’re used to paying, no matter where you live, so don’t worry about being stung by outrageous taxes once you’ve found your dream real estate in Honduras. Here, you’ll pay hundreds of dollars, not thousands.
