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HONDURAS

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Investment groups have been telling readers about the Bay Islands of Honduras for over a decade. These three Caribbean outposts, especially Roatan, are increasingly known and more expensive every time we return. Although prices are higher than ever, they still represent extraordinary buys. Meanwhile, the mainland coast of the country remains a frontier...almost another world...and wonderfully cheap.

Some bargain options? Take the Bay Island of Roatan, for example, which offers four different building lots for under $25,000. In Trujillo or La Cieba, on the mainland along the Caribbean coast, you can buy similar property for much less. You might choose to live in a simple wooden structure on the sand and take pleasure in the landscape…or maybe you’d prefer to build your dream home, a Spanish-style villa with earth-tone stucco walls, native oak floors, and handmade mahogany furniture.

Construction costs begin as low as $25 a square foot. For a more substantial home, constructed from concrete, you’ll pay closer to $45 per square foot on the mainland, and $65 to $100 per square foot on Roatan. Either way, Honduras remains a very strong investment!