Not only is the island fun and beautiful, but it’s extremely affordable and accessible as well. While a retirement visa on Roatan requires you have at least $1500 each month, a couple could live off of $1,200 a month here, per the Global Retirement Index for cost of living.
Is Roatan a good place to invest?
Whatever your ideal lifestyle looks like, Roatan has the perfect answer for you. An investment in Roatan is an investment in your happiness and your future. It’s also a wise investment in an island that will undoubtedly continue to grow and build an even stronger real estate market in the years to come.
Where is the best place to live in Roatan Honduras?
Three Places to Live in Roatan
- West Bay/West End. West Bay and West End are the main tourist areas in Roatan.
- French Harbour. For many expats, the gated communities in and around French Harbour deliver a suitable secure lifestyle.
- Venice of the Caribbean.
- Coxen Hole.
- Downtown French Harbour.
Can you finance a home in Honduras?
Typically, Roatan real estate sales are transacted in cash or are seller-financed. This is due to the fact that expats, without residency, are not permitted to finance through Honduran banks. Even expats who are residents find that financing comes at a very high interest rate.
Is Roatan a good place to retire? – Related Questions
Is there property tax in Roatan?
Those property taxes are paid annually in August at the municipal offices in Oakridge or in Coxen Hole. You can get a discount if you pay your property taxes in the first quarter of the year. Don’t forget about Capital Gains Taxes as you consider your real estate purchase in Roatan!
How much does it cost to build a house in Roatan?
On the average, building cost to build in Roatan is approximately $100 – $150 per square foot for wooden structures. Cement structures range from $150 – $200 per square foot. Outdoor decks and living spaces can amount to 40% of the cost spent on interior spaces.
Can an American get a mortgage in Honduras?
Yes, foreigners can buy properties in Honduras, as long as they form a corporation, and one of the partners is Honduran by birth.
Can Americans buy real estate in Honduras?
1. Can a foreigner own real estate? In Honduras, every national or foreign person has the right to acquire real estate directly or indirectly.
Can a US citizen own property in Honduras?
In Honduras, foreigners can purchase up to 3,000 square meters (approximately 0.72 acres) of land within 40 kilometres of the country’s borders or coastlines.
Can an American citizen buy property in Honduras?
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.
What is the safest town in Honduras?
Bay Islands is the safest place in Honduras. Other secure areas include Utila islands, la Ceiba on the northern coast, and Copan. You can add extra security by having a guided tour.
Are there property taxes in Honduras?
PROPERTY TAX
Real estate tax is levied on all real property in Honduras at progressive rates. The base is the property´s declared value.
How long can Americans stay in Honduras?
Entry, Exit and Visa Requirements
To enter Honduras, you need: A U.S. passport with at least six months validity. Evidence of onward travel. For stays of up to 90 days, you do not need a visa for tourism.
Can you own a gun in Roatan?
Guns are legal, and unless one has a permit to carry, guns are kept at home. Armed security guards are stationed at locations, which generate a large amount of cash such as banks, grocery stores, and gas stations.
Does Honduras allow dual citizenship?
Since 2002, a decree amending the constitution has allowed dual nationality for birthright Hondurans, though naturalized citizens cannot have more than one nationality.
Can a US citizen move to Honduras?
To apply for residence, you will need the following: Your passport, valid for at least one year from the date of your application. Your police record, showing you are in good standing with the law. A health certificate (you may also obtain this certificate in Honduras).
How much money do you need to live comfortably in Honduras?
In general, a monthly amount of $1000–$1500 would be enough for you to live comfortably in Honduras.
How long can an American stay in Roatan?
American tourists receive a tourist visa upon arrival in Honduras. That allows you to stay in the country for up to 90 days. You can request a 30-day extension before your visa expires to maximize your time at 4 months total.
Is it good to retire in Honduras?
According to Numbeo, a cost-of-living database, the cost of living in Honduras is about 41% lower, overall, than in the U.S., not counting housing costs. Rent in Honduras is about 73% lower than in the U.S. Let’s look at a specific example. One of the most popular places to retire in Honduras is Roatan.
Do they speak English in Roatan?
Language in Roatan
While Spanish is the official language, English is spoken universally. Roatan Islanders speak a Creole English. This broken English gets its roots in French, english, and Spanish as well as a few words unique to the Garifuna culture.