Trujillo, Honduras
As a REALTOR involved in International Real Estate I’m sure you know that I did have a business 
reason to visit Trujillo, Honduras!
As I mentioned in a previous blog during my trip I visited the developments of Campa Vista and Alta Vista.
If you have been contemplating buying a piece of paradise and think that you have missed the opportunity - take heart!
Honduras (in my opinion) offers a fabulous opportunity. It is estimated that property in Trujillo is probably about ⅓ the price of similar properties in Costa Rica.
To give you an idea of the price of some of the available lots:
- ½ acre - US $49,559
- ¾ acre - US $47,599
- 1 acre - US $54,300
- 1½ acre - US $63,299
What is included in the purchase price of your lot? Services: water, electricity and roads as well as being graded and tested. It is also located in an exclusive gated community with 24/7 security.
Foreigners can own property in Honduras as a result of a change in the law in 1990.
The process of transferring title is similar to how it is handled in Canada. In Honduras there is a registry system and the title is held in ‘fee simple’ - in your personal or if you wish a company name. You do receive a deed to your land. As in Canada you are advised to get title insurance.
Another question a buyer will ask when considering buying a lot - do they have to build immediately or is it possible to buy a lot and hold?
Whilst the developer would prefer to see people building in the developments, with the exception of the lots located in the beach community where there is a requirement to build within 3 years, there is no requirement to do so in the other areas.
When the development opened several years ago the price of construction was US $75 psf. Today construction costs are approximately US $95 per sq. ft. Even at this price you will see it is still possible to build a home in paradise for a very reasonable price! Building sooner than later would also make sense as it is anticipated that building costs will go up again in the coming years.
The developments are within gated communities and owners will, when it's completed, have access to the Trujillo premier beach club which will feature swimming pools, hotel suites, full service bar, green areas. Until the club is completed owners are able to use the Trujillo Campamento Beach Club and its facilities..
A question often asked when discussing real estate opportunities in Central America is about the political stability of a country.
Honduras has a democratic political system with a strong constitution that has been in place for 30 years.
Economic growth has been spurred on by the close ties established with the U.S. resulting in building business and infrastructure - a free trade agreement was signed with the U.S.in 2005 which has seen the amount of business increase.
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