If you’re looking for a buyers market on a Caribbean island, Roatan should be your first port of call. After the housing market crashed in the US, Roatan saw a steep decline in pricing that simply has not fully recovered. Where other places have seen prices rise back to their highest levels, Roatan is a buyers market with incredible deals to still be found
Don’t believe me? Just check out this article in the New York Times highlighting the value of a sprawling compound for sale here in Sandy Bay. And that’s definitely not the only deal on the island!
Buyers Market in the Caribbean
Roatan is primed for buyers to get the best deal for Caribbean island real estate. Those units that were selling for $1M before the housing crash are now available at half the price. We’re seeing luxury homes in focus this year, with recovery in the US and Canada encouraging residents to seek a second-home investment.
The rental market is popular in Roatan. This offers second-home investors the option to spend a few weeks on vacation here in Roatan and then earn an income renting the home to others the rest of the year. It’s a win-win when you’re ready to expand your investment portfolio.
I am a Resort and Second Home Property Specialist as well as an International Real Estate Specialist, so I know a thing or two about making the right investment here on the island. Feel free to ask me more about the current buyers market situation.
Investment Opportunity on Roatan
Roatan is a Caribbean island without the high price tag you see on other Caribbean islands today. With lower-priced homes available, you can find the right investment opportunity here at a wide range of price points.
If you’re ready to invest in a second home or if you’re looking ahead at retirement overseas, the buyer’s market in Roatan is ready for you. This is the best time to grab the right deal as prices continue to slowly climb in the years since the recession.
As that NYT article shows, we have jaw-dropping luxury homes at a fraction of the cost on other Caribbean islands. But that low cost doesn’t reflect low value.
Roatan has its own international airport servicing direct flights to Atlanta, Miami, Houston, Montreal and more. We also offer eclectic dining, with a variety that reflects the international population who have chosen this tropical paradise as the perfect home.
What you won’t find here in Roatan is high-rise condos blocking your sea view. You also won’t see the standard chain restaurants taking over every street on the island.
On the contrary, we boast a wide variety of locally-owned businesses and mom-and-pop places to explore. From high-end fare to roadside pop-up grills, whatever you fancy can be found in Roatan with lower price tags and customized attention.
Island Real Estate Buyers Market
A buyers market never lasts as long as you want it to…it’s an opportunity you need to take hold of before it disappears. If you’ve been considering investing but haven’t yet taken the next steps, now is the time. You can, of course, wait and continue to research and hesitate – that’s your prerogative!
But a buyers market for island real estate is not the norm.
If you’ve been planning and hoping, get in touch now and let me show you what your best bets could be in Roatan. You might be surprised to see some extraordinary deals that you thought would be out of your reach. But you won’t know if you never take that next step.
Feel free to reach out for some customized ideas based on your plans…I’m always happy to help!