Can a foreigner own real estate? In Honduras, every national or foreign person has the right to acquire real estate directly or indirectly. The only exceptions and/or limitations refer to properties in the border area or coastal beaches.
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A respectable home of 1,000 sq. ft. would cost approximately $5,000 USD by the estimation of an area school leader. Assuming that these figures are reasonably accurate, $7,000 USD builds a 'respectable' home.
For tourism or commercial travel of more than 90 days within a 120 day period, you will need a visa. To obtain a Honduran visa please contact the offices for Honduran Immigration. U.S. citizens tourists can enter visa-free for up to 90 days, with permission from authorities at the port of entry.
Property tax: Property is taxed at approximately $4 for every $1,000 in value according to the deed or catastral value, whichever is greater. The catastral value is determined by the municipal government and can be adjusted every five years.
Travel Visas.The expectation is that travelers who visit Roatan as tourists will leave the country before the 90-day mark. Travelers can put in a request for an extension of 30 additional days.
Secondly, Roatan has a low cost of living compared to North America. Housing, food, and transportation are all significantly cheaper on the island. For example, a one-bedroom apartment in popular expat communities can cost as little as $500 per month and the cost to buy a home or property is still a bargain.
If you wish to stay longer than 90 days in Honduras, you must apply for a residence permit. Please visit Honduran Immigration page for more information.
Important Things to Consider Regarding Honduran CitizenshipAcquiring dual nationality as a naturalized Honduran citizen is only possible if the foreign government (of the country you have in mind) and the Honduran government have signed a dual nationality treaty.