Hello,
From my chair on the beach here is West Bay it looks like Roatan Real Estate has started to recover from the world wide recession. First quarter sales were below average when compared to previous years but we are half way through the second quarter of 2010 and sales have definitely begun to recover. Honduras property sales through the Century 21 office have shown a cyclic trend over the last 10 years between land purchases and home/condo purchases. Currently we are in a home/condo portion of the cycle and bargains on residences are quickly being sold. So where are the good deals now?
Many who bought residential lots at the peak of the “land purchase” phase are finding it hard to sell their land in this “home purchase” phase. So if you are looking for a deal take a look a land and lots for sale.
For example lot 11 in Marbella Beach Resort is a .4 acre lot with 110 feet of white sand beach. This lot is on the market at $340,000 which is $100,000 below the sale price of a neighboring lot sold 3 years ago! This is only one example of the type of bargains to be found in Roatan Real Estate.
Send me an email if you would like more information on this lot or any other properties you have seen on the web.
Enjoy Life, Philip