Roatan Island Real Estate & Properties For Sale, Roatan Island Vacation Rentals

The beautiful island of Roatan is one of the Bay Islands of Honduras and is considered to be one of the Caribbean’s hidden gems. Roatan is a vacation delight with white sugary beaches and outstretched jungles for some adventurous exploring. It is also cuddled by the world’s second largest barrier coral reef with a unique ecosystem which makes for excellent swimming and is known to be one of the prime destinations for scuba diving. With so much to explore and do on the enchanting island of Roatan, it’s no wonder people seek to return.

Roatan Real Estate, Economy and Infrastructure

The very first industries that came to be established on the Caribbean Island of Roatan resulted from the growing spread of the fishing industry. High yields in the commercial fishing sector put Roatan on the map for fish exports, creating jobs and improving the infrastructure that was oriented towards exporting shrimp, lobster and fish. Now, however, as a result of the collapse of fish stocks, the economy has lost its diversity, and tourism has taken over as the mainstay.

Modern telecommunications systems exist on the Caribbean Island of Roatan, allowing reliable telephone, fax, and Internet access. In addition to a 24-hour electricity supply and paved roads, good medical facilities also exist. The Roatan Electric Company provides most of the island’s electricity. Areas outside of the RECO area tend to use a combination of solar electricity and diesel generators with wind generators.

Honduras is a stable democracy and recognizes the value of tourism, Caribbean real estate and foreign investment to the nation's economy. In keeping with this belief, Honduras has passed laws that protect the environment and encourage foreign investment and ownership Roatan real estate. The Honduras government has privatized most businesses and shown great interest in attracting foreign investment. The most recent move in this direction is the opening of four International Airports in Honduras, which are operated by the same company that operates the San Francisco Airport. The government of Honduras understands the need for absolute stability to attract foreign investment. The laws extend the same protections to foreign Investors that they do to citizens.

Foreigners can own Roatan real estate - up to 3,000 square meters in one’s own name. Larger parcels of land can be owned by forming a Honduran corporation. For details, and help with the actual procedures, it is better to contact a Honduran attorney. The lawyer will handle the major work of researching all the documents and ensuring that the titles are valid and up to date. They will also check that the

property is registered with the proper and relevant municipality. The legal property deed that you will get at the end of this procedure is called an ‘Escritura Publica’; you will get it when the purchase has been approved. Traditional bank financing for Roatan real estate is uncommon, and interest rates are typically high. The terms of each sale may differ, but owner or developer financing can sometimes be available with interest rates in the range of 10% to 12%. Most Rotan real estate investors opt to arrange for financing in their home countries.

Honduran residency can also be obtained with the help of a local lawyer. You can contact the Honduran Embassy or Consular Office near you, and ask them for information regarding Honduran residency and a list of the incentives offered.

For a Caribbean island vacation with all the beauty you could ask for without the associated high prices and crowds, you can’t go wrong on the Caribbean island of Roatan.

About Island Real Estate.com and Roatan: IslandRealEstate.com is one of your ideal sources for Roatan real estate to buy, sell, rent or lease. Browse the hundreds of Roatan properties for purchase or rental on Roatan or Utila. You will find Roatan island real estate for every budget and lifestyle is available to buy and rent for both vacation and long term.

If you wish to sell or lease your island property with our service, simply ask your trusted Roatan real estate agent or broker to contact us and we will work out the rest. If you don’t have a local real estate agent or Roatan broker already, simply contact us directly and we will be glad to introduce you to one of the experienced agents or brokers we deal with on a regular basis.

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