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Simeon Mitropolitski

Simeon Mitropolitski is a Canadian analyst, of Bulgarian origin, and a former syndicated columnist with the Bulgarian News Agency (BTA). He is the author of several hundred articles dealing with hot political and economic topics, both national and international.

He was part of the first group of Bulgarian intellectuals and students that began the opposition movement that finally put an end to the communist regime in this country in 1989, and in 1996-1997 participated in international observation teams during the elections in several Balkan countries - Romania, Albania and Bulgaria.

In 2002 Simeon and his family moved from Bulgaria to Canada where they live now in Montreal, province of Quebec. Simeon is a Master of Political Science from McGill University and a B.A. of Political Science and History.

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6 March 2003

Honduras

© 2003, IRED.Com, Inc., Simeon Mitropolitski

For a growing number of Americans to retire somewhere in the south of Rio Grande has become something natural, as did the relocation from the crowded towns to the suburbs during the 60's and later. If the first thought is to look at the average properties' prices of the given country, the second thought is always to look at the country's existing (or nonexistent) infrastructures, at the crime ratings and at some other things that make life interesting.

As a general rule if a developing country offers similar kind of services, as do the developed countries (e.g. Panama, Costa Rica), it's more likely that the prices there will try to catch with those in the U.S. On the contrary, the big bargains could be made in countries where the living standards are far behind those the American and the European expatriates are accustomed for. The point here is to find somehow something and somewhere that has the best of the both worlds. Such combination of good quality and low prices could be found in many countries in Central America. Honduras isn't an exception to this rule.

As many other societies in the region, Honduras is an explosive mixture of bloody history, natural disasters, deep poverty, illegal drug trafficking, territorial disputes, corrupt administration and many other things that should keep at sound distance any eventual expatriate. This country is very dependable on foreign aid as was the case after the hurricane Mitch in October 1998, when many villages on the Atlantic coast were literally wiped out from the map. To get the picture even worse we have to put in the criminal situation in the capital city of Tegucigalpa and in other cities. This situation becomes even worse in times of anarchy as was just after the hurricane Mitch.

But even in such harsh circumstances there are sufficient number of brave Americans, Canadians and Europeans who have found their places, and don't have intentions to leave this country. For the sake of the truth it's worth saying that these brave men and women have chosen some particular places for their habitat, for example the islands off the Atlantic coast known as the Bay Islands. The prices there, even if higher compared to the mainland, could be very moderate by the American standards (less than $100,000 for 1/4 acre waterfront and a small house). The land could cost as little as $5,000 per acre if being bought in large quantities (100+ acres). Some companies on the Island of Roatan offer an interesting combination of investment, management and tourism. For those foreigners who are far from their retirement but who would like to invest now instead of waiting till the prices catch with those in Costa Rica, these companies offer packages including a house on acreage and a management contract for the care, maintenance, and leasing of the property. This package includes a 30-day staying at the property and up to 50% rebate on the nearby resorts.

Country profile:

Population: 6.5 million
Area: 112,090 sq. km
Life expectancy at birth: 68.77 years
Ethnic groups:

  • Mestizo (mixed Amerindian and European) 90%,
  • Amerindian 7%,
  • black 2%,
  • white 1%
GDP per capita: Purchasing power parity - $2,600 (2001 est.)
Population below poverty line: 53%
Labor force by occupation: Agriculture 34%, industry 21%, services 45% (2001 est.)
Main industries: Sugar, coffee, textiles, clothing, and wood products
Main trade partners: USA, Salvador, Guatemala, and Germany
Internet users: 40,000 (2000)

(Source: CIA - The World Factbook 2002)

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See also the directory of companies providing real estate services in, and general real estate information of Honduras.

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