A Guide to Buying Property in Honduras & Roatan for Foreign Buyers
A breathtaking location with superb dives sites, white sand beaches and Mayan ruins, Honduras and Roatan in the Bay Islands in particular, is a comparatively affordable destination with a rapidly growing property market.
If you are currently considering investing in real estate in Honduras / Roatan but you are wondering “where are the best places to buy property in Honduras / Roatan?” or “how do I go about owning property in Honduras / Roatan as a foreign buyer” then this guide is for you.
Our guide takes you through the process of buying property in Honduras / Roatan from beginning to end, including an introduction to the real estate market, the buying process and the taxes you will need to be aware of.
Overview – The Honduras & Roatan Real Estate Market
With a population of 8 million, the country spans 43,278 sq miles, largely comprising mountains and pristine jungle filled with fascinating Mayan ruins and over a dozen national parks. Not having received the same degree of attention and investment as Central American countries such as Panama, Costa Rica, Belize and Nicaragua, the Honduras real estate market is in the very early stages of development and prices are generally much lower.
For property buyers, Roatan in Honduras’s Bay Islands is without a doubt the most developed real estate market. With beautiful white sand beaches and some of the best diving in the Caribbean, Roatan has been a popular choice for American second-home buyers for many years. A number of resorts have been developed on the island which include property for sale and beachfront homes in Roatan are in much demand.
Parts of Honduras’s northern coast are also starting to be developed. Fringed by long sandy beaches set against a backdrop of jungle, lagoons and mountains, the northern coast of Honduras is spectacularly beautiful. The resort towns of the northern coast enjoy beautiful views of the Caribbean Sea and access to magnificent national parks. Northern Honduras, including Tela Bay in the department of Atlántida and Trujillo in the department of Colon, is an emerging real estate market offering land for sale which is ideal for eco-development and beautifully appointed homes in new beach and golf resorts.
Buying Property in Honduras & Roatan
Can foreigners buy property in Honduras / Roatan?
Yes, foreigners can buy property in Honduras / Roatan and the Government welcomes investment from overseas buyers. Foreign nationals can acquire up to 3,000 square meters (0.74 acres) of land in Honduras and Roatan. Larger areas can be acquired through a corporation, which a foreign national can be either sole or joint owner of.
Buying property in Honduras / Roatan is a relatively simple process, which typically involves the following steps:
- Begin your property search.
- Find your perfect property and make an offer.
- Once you have made an offer for a property and that offer has been accepted, you will be required to pay a 10% deposit which will be held in escrow by a Notary.
- Your attorney should undertake a title search.
- Once both you and the seller have signed the relevant documents, the balance should be transferred, the sale recorded and new title issued.
- Pay all required taxes and fees.
There is a land transfer tax of 1.5% of the value of the property.
Property tax is low and would typically amount to approximately $500 per year.
Search Honduras & Roatan Real Estate Listings
As specialists in luxury Caribbean property, we can introduce you to a wide selection of the finest residential property in Honduras & Roatan.
Homes for Sale & Condos for Sale
Land for Sale
You can also browse undeveloped land. Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in Honduras & Roatan.
Whether you are looking for beachfront land or a centrally located lot, we’re here to help you find the perfect lot of land for sale in Honduras & Roatan.
For larger parcels of land for commercial development, please see our commercial real estate listings.
Hotels for Sale
Searching for hotels for sale in Honduras & Roatan? Browse hotels, B&Bs and guests houses right here.
Finding the Perfect Property for Sale in Honduras & Roatan
Discover the most sought after real estate investment opportunities and benefit from unrivaled insight into the market.
To find your perfect property in Honduras & Roatan, search our Honduras & Roatan real estate listings.
Best Places to Buy Property in Roatan
Discover Roatan – Read our guide to buying property in Roatan.
Discover Lawson Rock – Read our guide to buying property in Lawson Rock.
Discover Palmetto Bay – Read our guide to buying property in Palmetto Bay.
Parrot Tree Plantation
Discover Parrot Tree Plantation – Read our guide to buying property in Parrot Tree Plantation.
Discover Pristine Bay – Read our guide to buying property in Pristine Bay.
Discover Sandy Bay – Read our guide to buying property in Sandy Bay.
Discover West Bay – Read our guide to buying property in West Bay.
Discover West End – Read our guide to buying property in West End.
Best Places to Buy Property in the Bay Islands
Discover Bay Islands – Read our guide to buying property in the Bay Islands.
Discover Guanaja – Read our guide to buying property in Guanaja.
Discover Utila – Read our guide to buying property in Utila.
Best Places to Buy Property in Honduras
Discover Atlántida – Read our guide to buying property in Atlantida.
Discover Colon – Read our guide to buying property in Colon.
Honduras & Roatan Residency
How long can a foreign citizen stay in Honduras & Roatan?
Citizens of the USA, Canada, UK, EU countries and many Caribbean and Latin American countries can visit Honduras and the Bay Islands for up to 90 days without a visa. It is possible to apply for a one-time additional 30-day extension at the immigration office in Tegucigalpa, La Ceiba, San Pedro Sula or Coxen Hole (Roatan).
How do I become a resident of Honduras & Roatan?
Individuals looking to stay longer than 90 days in Honduras and the Bay Islands can apply for Honduran residency. To be eligible, applicants must conform to one of several categories, including (but not limited to) the following:
- A person of independent financial means who can demonstrate a minimum income of at least $2,500 per month from investments such as rental property,
- A retiree or pensioner who can demonstrate a minimum income of $1,500 per month from a verifiable private or governmental source,
- An individual investing at least $50,000 in a business or project in Honduras,
Applications must be submitted via a lawyer registered with the Honduran Bar Association and typically take 3 to 6 months until approval.
How do I become a citizen of Honduras & Roatan?
Individuals who have lawfully resided in Honduras for 3 years can apply for citizenship by naturalization (after 1 year in the case of individuals who are Central American by birth and 2 years in the case of Spaniards and Spanish-Americans by birth).
Sending Money to Honduras / Roatan
You could save money when investing in Honduras & Roatan real estate by using a foreign exchange expert to get the best rate for your property purchase. We have partnered with Halo Financial, a specialist in foreign exchange, to help you get the best exchange rates when making one-off or regular international payments for a property purchase in Honduras & Roatan. To see how you could save money, read more: Foreign Exchange.
How to Get to Honduras & Roatan
International flights to Honduras arrive at airports in Tegucigalpa, San Pedro Sula, La Ceiba and Roatan.