Buying in Roatán
Buying & Closing Process at Pangea Beach
The overall closing process in Roatán Honduras is very similar to the closing in the USA: third party escrow agency will collect and hold customer’s funds while recording the purchasing property to the local municipality and the national real estate registry. The escrow company is locally licensed and fully assuring the completeness of each recorded transaction.
We are using the Title & Escrow agency from one of the biggest real estate agency on the island (Roátan Bay Island/ReMAX) for our transactions. Their advantage is that they are using USA based City Bank account to receive funds from our USA based clients, so they don’t need to worry abut wiring their money abroad.
Since the 1991 a non Honduran citizen can purchase, as an individual, up to 3000 square meters (.74 acres) of land, for residential use.
Reason why to purchase
property in Roatán
- Emerging real estate market with property prices for beachfront homes lower than many other comparable destination in the Caribbean.
- Low cost of living ideal for vacations, relocation or retirement in the sunshine.
- Roatán is one of the best diving, snorkeling and fishing destinations in the Caribbean with over 50 world-class dive sites teeming with a kaleidoscope of marine life.
- Growing tourism sector which is expected to stimulate the real estate market.
- Excellent golf facilities on Roatán including an 18-hole championship golf course designed by Pete Dye.
- One of the Caribbean’s best kept secrets – quiet and peaceful with dreamy white sand beaches.
- Direct international flights to various airport in Honduras including Tegucigalpa, San Pedro Sula, La Ceiba and Roatán’s Aeropuerto Internacional Juan Manuel Gálvez from various cities in the USA and Canada.