Hello,
I am often asked about the demographics that make up the buyers here on Roatan. Some people think that there are a lot of Central American buyers and there are a few. However the vast majority of people buying Roatan Real Estate are from North America. To be more specific the United States and Canada.
A minor segment of the market that has grown in the last few years is the European sector, especially since Henry Morgan Resorts started direct flights from Italy. Another growing segment are the Canadian buyers. In part due to the shrinking dollar value giving the Canadian dollar more buying power, but also because West Jet has been introducing Roatan to Canadians with their direct non-stop flights during the cold winter months.
The down turn in the global economy during the last two years had a predictable effect on Roatan Real Estate as it did on the world wide real estate market. Home prices are generally down 30-40% from their peak in 2007. This means great deals for buyers that have the foresight to see that Roatan is poised to grow substantially in the coming years into a vibrant destination.
If you would like more information or have a question please call 831 359-4244 or write me at Philip@RoatanLiving.com.
Enjoy Life, Philip
