FAQ Regarding Buying Beach Properties in Honduras – Part 2

An informed buyer is a happy buyer and here at NJOI Trujillo we work hard to ensure each buyer is thrilled with their new purchase. In our last post, we covered the three most commonly asked questions about buying property in Honduras. In part two, we answer the frequently asked questions that look a little deeper into the process of buying beach properties in Honduras.

What are real estate and property taxes like in Honduras?

Property owners worldwide have to worry about real estate and property taxes and buyers in the Honduras market also need to be aware of local regulations. When you buy property, there is a land transfer tax, which amounts to 1.5% of the value of the property in question. Property tax, which is paid annually, is comparatively low. You can expect to pay approximately $500 per year.

Can foreign buyers obtain residency or citizenship in Honduras?

In short, yes, you can obtain residency in Honduras. While Americans can stay in the area for six consecutive months, there are a couple of ways you can obtain residency. First, retirees who earn at least $1,500 a month can apply for Retirement Residency. If you invest at least $50,000 in Honduras, you can also qualify for Investor’s Residency.

What is the cost of living?

Cost of living is a big factor for many people looking to buy beach properties in Honduras. We are pleased to say that, compared to Canada, the cost of living in Honduras is 35.26% lower. Rent alone, on the other hand, is a staggering 60.47% lower, making Honduras one of the more affordable areas in the Tropics.

How do you get to Honduras?

Getting to Honduras is pretty simple. Several airlines from North America make connections to one of the two main airports in Honduras, for example. Both airports are within a relatively short distance from our beach properties in Honduras. You can also make getting to Honduras a vacation in itself by taking a cruise through the Caribbean to the newly constructed marina. Both methods provide safe travel, beautiful views, and the opportunity to live in a tropical paradise.

For more information about how to buy beach properties in Honduras, please contact NJOI Trujillo today, or sign up for your free webinar to learn more and get started on your way to paradise.

 

FAQ Regarding Buying Investment Properties in Honduras – Part 1

Besides having the ability to enjoy your personal slice of a tropical paradise whenever the mood strikes, owning property in Honduras also offers many other benefits. For example, you will have the opportunity to earn a decent income by renting out your property when you are not in residence.

Here at NJOI Trujillo we understand that buying property outside your home country can be both exciting and nerve racking. When it comes to buying investment properties in Honduras, the right information can go a long way towards relieving those nerves. Here are the most commonly asked questions we get regarding buying investment properties.

Can foreign buyers acquire property in Honduras?

Believe it or not, we get asked this a lot, and the answer is, of course, you can purchase property as a foreign buyer. Individuals can acquire up to 3,000 square meters, or about 0.72 acres of land. Corporations can buy larger areas as well. At NJOI Trujillo our properties consist of a third of an acre, so you could conceivably invest in two homes, one to vacation and retire to in style and the other to rent out for a decent income.

Is it expensive to buy a beach property?

Well it’s true that beach properties will fetch a sizable price in other, more developed Latin countries, the properties in Honduras are less than half the price. You will be able to buy beautiful luxury homes with panoramic views of the crystal waters of the Caribbean. Our properties are located on the beach and on the sides of the tropical rainforest backed mountains.

How do you buy investment properties in Honduras?

Once you have chosen your perfect property and your offer has been accepted, you will need to pay a 10% deposit. You will then sign the relevant documents with the seller and the balance will transfer. You are now the proud owner a slice of tropical paradise.

The process is pretty straight forward and the rewards are nearly endless. You can have the opportunity to buy your dream home in Honduras on the shores of the Caribbean.

For more answers to frequently asked questions, continue to part two, or contact NJOI Trujillo to get started today.