An Investment

AN INVESTMENT

Unlike most Caribbean islands, ocean front and oceanview real estate on Roatan still remains remarkable value and is showing robust appreciation. For those seeking island property Oceano is a must see. Being secluded from the busy west end of Roatan means Oceano buyers have secure Caribbean property, professionally managed for lock-and-leave convenience.

With a Caribbean culture and predominantly English speaking, the population of Roatan is a blend of British, Spanish, Payan Indian and African cultures.

Known for world class diving, Roatan and Oceano is now a place called home for an increasing number of astute property purchasers. For those who appreciate the value, burgeoning market, accessibility, tax-free freeport status and easy year-round living.

Not far from Dixon Cove is a cruise ship port at Coxen Hole, the administrative capital of the Bay Islands in the southwest region of Roatán, where Royal Caribbean Cruise Lines agreed to take charge of significant renovations. The project is at an estimated cost of $18 million, according to LatinFinance.

A real-estate boom is being led by second-home owners and retirees from the U.S. and Canada snatching up beachfront property for a fraction of what it costs in other resort areas.

In the West End, upscale condos are under construction, along with a new suburban-style shopping plaza with air-conditioned shops.

The Department of Tourism estimates that of the 1,000,000 tourists who will come ashore next year, approximately 20% will return for another, extended visit. And of that 20%, an additional 20% will buy property on the Bay Islands.

There is not enough developed property on the entire Island for 40,000 eager buyers next year. Let alone the 40,000 that will follow the year after. And the next 40,000 after them. Not when some 78 million Baby Boomers are already starting to look longingly to the sunnier climates and lower costs of a tropical paradise ...

Roatán accounted for more than 40 percent of Honduras' $450 million in tourism revenue in 2006, according to an article published by LatinFinance last March. That's not bad for a landmass less than one-hundredth of the size of its mainland counterpart.

Ť Back To Caribpro.com

Contact Us

We NEVER spam or share your information.

Information about prices, products, services and merchants is provided by third parties and is for informational purposes only. CaribPro.com does not represent or warrant the accuracy or reliability of the information, and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.

Last Updated On : 19 Jun 2008