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Trujillo next Retirement Haven – Canadian Business Magazine
Laying around the beach
The June 2011 edition of Canadian Business Magazine features a variety of locations in the world as the “Next Generation of Retirement Havens”. Life Vision’s developments in Trujillo was specifically mentioned in the article as one of these feature destinations. Click here to read the article, Next-generation Havens _ Canadian Business Magazine
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Lot Sales up 238% in 2010 in Roatan
The real estate market in Honduras, specifically Roatan has seen a strong resurgence in 2010 compared to 2009. Longtime Roatan Realtor, TJ Lynch in his Youtube video show sales of Private Residential Lots up 238% and prices of the lots up by 105%, in 2010.
The primary driver for Roatan growth has been the tourism economy generated by the passenger Cruise Ship industry. USA Today reports, Roatan is expected to receive over 730,000 visitors from the cruise ships in 2011.
Historical MLS data of the West Bay Road, show a residential lot approximately 1.5 acres in size with a view, listed in 2002 for $48k. A comparable property listed for over $300k in 2010. Depending on the development, a serviced lot in Roatan now will cost between $80k and $300k. Meanwhile a 2-3 bedroom home will run you $300-450k in the mountain and $500-1,500,000 along the beachfront.
http://www.youtube.com/watch?v=3hPWNoorECM
Roatan is more developed and mature with a consistent level of economic activity, however the prices are also much higher there than Trujillo. A serviced one acre lot with panoramic views of the Caribbean Sea in Alta Vista Mountain is under $50k. Randy Jorgensen, the Developer, has suppressed values of property by more than 50% to comparable property in other parts of Honduras. This is so buyers can take advantage and be part of the emerging market in Trujillo.
But it can be for only so long! With Banana Coast Cruise Terminal coming into operation in the 2012 2013 cruise season, it is a matter of time before Trujillo property owners see the same economic activity as Roatan.
Compare buying a finished house in Roatan for a price of $300-450k, it is much cheaper to build your dream home in Trujillo. A 3 bedroom home on the mountainside with a swimming pool can be built for under $200,000. Speak with Cathy McLarney (cathy@jaguarcon.com) at Jaguar Construction for more information.
Homes nestled in rainforest overlooking Caribbean Sea
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TOP REASONS TO INVEST
Real Estate Retirement Investment
Honduras is now the most attractive foreign investment destination in Central America and Trujillo is poised to become the next Caribbean hot spot. Honduras has in place a stable democratic government, modern infrastructure and a low cost of living.
FEATURED PROPERTY
Best Caribbean Real Estate
Whether you are a Real Estate investor looking to get in on the ground floor, Retiree looking to build you dream home with an ocean view, or if you are a Recreational property investor looking for a beachfront home steps away from the Caribbean, Life Vision has everything you need.
WHY HONDURAS?
Real Estate in the Caribbean
The Banana Coast cruise port, currently being built in Trujillo will be the largest main land cruise port in Honduras. Real estate opportunities in the area have started to take off and will continue to grow as the area around develops.