Roatan Real Estate Report
Roatan saw incredible change in 2023, which gives us reason to believe that 2024 will be a huge year for the island. In terms of real estate, 2023 was the first rapid growth year since before the COVID-19 pandemic and the resulting recovery. Home sales saw a huge increase, and construction continues, offering even more inventory throughout the island.
But it’s not just the real estate market in 2023 that has us all optimistic about this year. Roatan saw many changes in 2023 that have helped to increase the island’s popularity among tourists. Let’s take a look at what happened that has us all buzzing…
Roatan had a continued high number of cruise ships visiting the island in and has scheduled its highest number of visitors. With Carnival Corporation and Royal Caribbean Cruise Lines invested in two different ports on the island, there is no indication that this interest will be slowing down any time soon.
Roatan has been put on the map by many more people in the travel industry, which is a great indicator for continued growth. Add to that our incredibly convenient direct flights from more and more international destinations.
Roatan was named the #3 favorite beach destination for americans this winter Being voted #3 coastal hotspots is a huge honor for Roatan. But then again, those of us who live here already knew this!
In West Bay, Kimpton Grand Roatan Resort was named one of best hotels in the world by National Geographic’s editors.
As Roatan continues to grow in popularity as one of the Caribbean’s leading destinations, property prices will rise in response. The island has seen steady, slow growth with the introduction of two cruise ship ports and the international airport bringing visitors to the island conveniently and quickly.
But we are obviously on the brink of something big. While we have seen increasing interest for years, it was in 2023 that we all noticed just how popular Roatan has become on the international travel scene.
We are already seeing increased bookings for vacationers in 2024 from previous years’ numbers. Businesses all over the island are seeing an increase in correspondence with upcoming visitors.
Roatan is on the map.
There will not be a better time to buy property in Roatan. Now is the final moment where popularity and prices are merging, before prices start going up and staying up.
Don’t believe me? Take a look at all the media Roatan has received just this year, coupled with more airlines showing interest in flying to the island and more cruise ships visiting the island, and you’ll see for yourself. Roatan real estate in 2024 will be off the charts – don’t miss your opportunity for a fantastic deal!