Do you know that buying your dream home in Honduras can cost you half the amount you will incur in other Caribbean countries? And buying a property in Honduras is a relatively simple process if you use professionals and lawyers in your dealings. The first step before having ownership of any property here is to include a check in the register of the property font and whether municipal taxes have been paid. Then get a notice on the preliminary document. The paid registration fee is 1.5% of the amount of the transfer and 0.15% of the registration fee at the bank. Finally, register it in the real estate office, as well as make changes to the cadastral office.
You keep the headline as duty simply or for free. You are granted EscrituraPública (a publicly registered document), and if you buy from a corporation, you will hold bearer shares.
Restrictions on buying in Honduras
If you buy as a foreign investor, individually, you can buy up to three-quarters of an acre of land, and you should start building on this land within three years. You cannot buy land at a distance of 40 km from the coastline or any international borders.
However, if you form a Honduras corporation, you have the right to buy more land. To do this, you need to contact a Honduran lawyer to work on the legal work of creating a corporation. This corporation gives you the right to all the rights enjoyed by a Honduran citizen when owning property.
Property on the Bay Islands
It remains without comparison to buy property on the coast in Honduras. Until a few years ago the Islands of the Bay were the most thoughtful after real estate for building sites, often without utilities. Currently, construction sites are mainly used for the construction of buildings around Condos. Due to the height restrictions on the islands, high-rise structures were not visible.
You can buy large tracts of land on Guanagh, as well as on Utila and Roatan. On these three islands there are large areas of undeveloped land, which give openness and spaciousness. You can buy large beach areas on the north coast of the mainland at a much lower price, the region is ready for investment and development. This is the right time for property buyers in Honduras, as many developers have already begun to do the same.
Real Estate on the mainland
Trujillo is a sleepy little town with a lot of history and colonial charm. It is here that Standard Fruit Co. had its presence over the years. There is enough space for development, as the city needs economic recovery. It is reasonable that Trujillo could turn into the next booming real estate boom in Honduras. The wide unspoilt beach of the peninsula Cabo de Honduras, located in Puerto Castilla, which is one of the main modern port facilities in Honduras, creates a breathtaking view. The bay turns from the city of Trujillo, which makes it easy to see the port across the bay from the city.
The area around Trujillo is sparsely populated and easy to find at a lower price. The government began restoration work in the area. There is a runway that is now used by private jets, and which will be open for air travel in the near future.
