Start with your question
- Can foreigners buy?Yes. Foreign buyers own homes all over the island. There is one size rule to know, and a simple way around it for larger properties.
- The buying processFrom the offer to the keys, here is what happens and when. Your agent and attorney walk you through every step.
- Closing costs and taxesWho pays what at closing, how your title is protected, and why property taxes here are a pleasant surprise.
- FinancingFinancing for Roatan property is more available than it used to be. These are the usual routes.
- ResidencyOwning property does not require residency, but many owners choose it. The process runs through a Honduran attorney and is fairly straightforward.
Choosing your agent
- Ask people who have bought on the island which agents they trust.
- Notice who answers quickly and plainly. That is how they will handle your purchase.
- Check their memberships: CANABIRH, the Roatan MLS and the Roatan Realtors Association.
- Book your showings before you fly, and preview listings on the MLS first.
Buying on Roatan, answered.
Can foreigners buy property on Roatan?
Yes. A foreign buyer can own up to 3,000 square meters (about three quarters of an acre) in their own name on Roatan. Larger properties are bought through a Honduran corporation, with you named as its administrator. A local attorney handles the paperwork either way.
What do closing costs run?
Plan on roughly 5 to 6 percent of the purchase price, paid by the buyer at closing, plus any corporation or mortgage costs. Sellers pay the capital gains tax and the commissions. Your agent gets you an exact quote from your attorney once you agree on a price.
How high are property taxes?
Low. A good rule of thumb is about $4 a year for every $1,000 of property value, paid each August at the municipal office, with a 10 percent discount for paying between January and March.
What happens after my offer is accepted?
Once you and the seller sign, you usually have 7 to 10 working days to wire a 10 percent earnest money deposit to the brokerage’s escrow account. The property comes off the market, your attorney runs the title work, and we coordinate every step through closing.
Which part of the island is right for me?
It depends on how you want to live: West Bay for the beach, West End for the village, Sandy Bay and Lawson Rock for quiet north-shore living, Pristine Bay and French Harbour for golf, marinas and convenience, and the East End for space and seclusion. Start with the area guides, then talk to an agent who knows them all.
This guide is general information, not legal or tax advice. Laws and fees change, so confirm the details with a Honduran attorney.