Real Estate in Honduras
Last updated on Feb 05, 2024
Summary: An expat looking to buy a home in Honduras should begin by researching the local real estate market. They should look for reputable real estate agents and brokers who specialize in helping expats purchase property in Honduras. Additionally, they should research the local laws and regulations regarding foreign ownership of property in Honduras. Foreigners are allowed to own property in Honduras, but there are certain restrictions. For example, foreigners are not allowed to own property within 50 kilometers of the coast or within 10 kilometers of the border. Additionally, foreigners must obtain a special permit from the Honduran government in order to purchase property. Houses in Honduras typically include basic amenities such as running water, electricity, and sewage. Many homes also have air conditioning, internet access, and other modern amenities. Additionally, many homes in Honduras come with a garden or outdoor space.
How do I find a place to live in Honduras?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Searched for a great value in a direct beachfront home. Found "La Ceiba Beach Club" to have the best values anywhere in Central America and The Caribbean," explained one expat living in La Ceiba, Honduras.
"One way to find a place to live in Honduras is to search online for rental listings. Websites such as Encuentra24.com, Vivanuncios.com, and Encuentra24.hn offer a variety of rental listings in Honduras. Additionally, you can search for rental listings on social media platforms such as Facebook and Twitter. Additionally, you can contact local real estate agents who specialize in rental properties in Honduras. Finally, you can also ask friends and family who live in Honduras for recommendations," said one person in Honduras.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Honduras?
"Expat homes and apartments in Honduras tend to be modern and comfortable, with air conditioning, cable TV, and internet access. Many expats choose to live in gated communities, which offer a greater sense of security and access to amenities such as swimming pools, gyms, and tennis courts. Expat homes and apartments in Honduras are typically spacious and well-furnished, with plenty of room for entertaining guests," said one person in Honduras.
"There are affordable homes for rent and for sale in abd around the city of La Ceiba Honduras. Average price for a 3/2 in the city is around $500.00 per month. Beach rentals are usually around $1,100.00 USD per month," remarked one foreigner who made the move to La Ceiba.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Honduras?
If you are thinking about moving to Honduras, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Honduras varies depending on the location and type of housing. Generally, housing in Honduras is relatively affordable compared to other countries in the region. The average cost of a one-bedroom apartment in a city center is typically around $200 to $400 per month, while a three-bedroom apartment in a city center can cost up to $600 per month. Outside of the city center, the cost of housing is usually lower," explained one person living in Honduras.
Should I buy or rent a home in Honduras?
If you have not spent a lot of time in Honduras, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"When deciding whether to buy or rent a home in Honduras, it is important to consider the cost of living, the availability of housing, and the local economy. Buying a home in Honduras can be a great investment, as property values tend to appreciate over time. However, it is important to research the local market and make sure that the home you are buying is in a safe and desirable area. Renting a home in Honduras can be a more affordable option, and it can also provide more flexibility if you are not sure how long you will be living in the country. Ultimately, the decision to buy or rent a home in Honduras should be based on your individual needs and budget," said one person in Honduras.
What do I need to know when buying property in Honduras?
When we asked expats what advice they would give a foreigner before buying a property in Honduras, they said:
"1. It is important to research the local laws and regulations regarding property ownership in Honduras before making any purchase. 2. It is also important to hire a local lawyer to help you understand the legal process and ensure that all documents are in order. 3. It is recommended to visit the property in person before making any purchase to ensure that it meets your expectations. 4. It is important to be aware of the local taxes and fees associated with purchasing property in Honduras. 5. It is also important to be aware of any restrictions or limitations that may be placed on the property, such as zoning regulations or environmental restrictions. 6. It is important to be aware of any potential risks associated with purchasing property in Honduras, such as political instability or natural disasters. 7. It is also important to be aware of any potential scams or fraudulent activities that may be associated with purchasing property in Honduras," explained one expat in Honduras.
Are foreigners allowed to own property in Honduras?
When we asked expats what advice they would give a foreigner before buying a property in Honduras, they said...
"Yes, foreigners are allowed to own property in Honduras. The Honduran government has established a legal framework that allows foreign citizens to purchase and own real estate in the country. The process is relatively straightforward and involves obtaining a residency permit, registering the property in the public registry, and paying the applicable taxes. Additionally, foreign citizens are allowed to lease property in Honduras, although the lease agreement must be registered in the public registry," said one expat in Honduras.
What appliances are typically included in a rental?
We asked foreigners in Honduras what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Honduras, rental properties typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a microwave, dishwasher, and air conditioning unit. Depending on the property, some landlords may also provide additional appliances such as a clothes dryer, water heater, and/or water purification system," said one expat in Honduras.
Additional Information about Searching for a Home in Honduras:
We asked foreigners in Honduras what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Honduras by looking online for real estate listings, contacting local real estate agents, and networking with other expats who have already settled in the country. Additionally, expats can look for rental listings in newspapers, online forums, and social media groups. It is also possible to find homes for sale or rent through word of mouth, so expats should ask around in their local community for any available properties," said one in Honduras.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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