As expected we saw the market trends since our island went into lockdown on March 15th carry forward throughout the month of May. COVID-19 and related social distancing precautions, restricted movement, and closed borders continued to impact the Roatan real estate market.
However, given the momentum and elasticity of the Roatan Real Estate market going into this pandemic, we are confident that it will recover quickly. We feel this will occur once we are assured it is safe to reduce the social distancing measures and when international flights return to our island.
The light is already emerging at the end of the pandemic tunnel. New listings have recently been added to the market, there have been some sales completed via electronic signings in addition to other listings going under contract. Roatan still isn’t overdeveloped and remains the ‘hidden’ gem of the Caribbean. There is plenty of affordable land for sale, making our island very desirable to foreign investors.
If you’re eager to start seeing properties, we will be able to welcome you soon. In the meantime, send us a message and let us know what features you are looking for and we will send you a hand-picked list of suitable listings.
