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Honduras Real Estate

We offer Honduras real estate investment information for Tegucigalpa, San Lorenzo, Puerto Cortez, La Ceiba, Puerto Castilla and Puerto Lempira.

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Honduras Real Estate

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Tegucigalpa
Central America

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About Honduras

Honduras Population: 6,823,568 (July 2004 est.)
Languages: Spanish, Amerindian dialects
Capital: Tegucigalpa
Government Type: Democratic Constitutional Republic
Independence Day: 15 September 1821 (from Spain)
Legal System: Rooted in Roman and Spanish civil law with increasing influence of English common law; recent judicial reforms include abandoning Napoleonic legal codes in favor of the oral adversarial system; accepts ICJ jurisdiction, with reservations.
Currency: Honduran Lempira (HNL)

Executive Branch:

Chief of State: President Ricardo (Joest) MADURO (since 27 January 2002); First Vice President Vicente WILLIAMS Agasse (since 27 January 2002); Second Vice President Armida Villela Maria DE LOPEZ Contreras (since 27 January 2002); Third Vice President Alberto DIAZ Lobo (since 27 January 2002); note - the president is both the chief of state and head of government.

Head of Government: President Ricardo (Joest) MADURO (since 27 January 2002); First Vice President Vicente WILLIAMS Agasse (since 27 January 2002); Second Vice President Armida Villela Maria DE LOPEZ Contreras (since 27 January 2002); Third Vice President Alberto DIAZ Lobo (since 27 January 2002); note - the president is both the chief of state and head of government.

American Embassy: Avenida La Paz, Apartado Postal No. 3453, Tegucigalpa
Mailing Address: American Embassy, APO AA 34022, Tegucigalpa
Telephone: [504] 238-5114, 236-9320 FAX: [504] 236-9037

General Overview: Part of Spain's vast empire in the New World, Honduras became an independent nation in 1821. After two and one-half decades of mostly military rule, a freely elected civilian government came to power in 1982. During the 1980s, Honduras proved a haven for anti-Sandinista contras fighting the Marxist Nicaraguan Government and an ally to Salvadoran Government forces fighting against leftist guerrillas. The country was devastated by Hurricane Mitch in 1998, which killed about 5,600 people and caused approximately $2 billion in damage.

Economic Overview: Honduras, one of the poorest countries in the Western Hemisphere with an extraordinarily unequal distribution of income and massive unemployment, is banking on expanded trade privileges under the Enhanced Caribbean Basin Initiative and on debt relief under the Heavily Indebted Poor Countries (HIPC) initiative. While the country has met most of its macroeconomic targets, it has failed to meet the IMF's goals to liberalize its energy and telecommunications sectors. Growth remains dependent on the status of the US economy, its major trading partner, on commodity prices, particularly coffee, and on reduction of the high crime rate.

International Disputes: in 1992, ICJ ruled on the delimitation of "bolsones" (disputed areas) along the El Salvador-Honduras border, and the OAS is assisting with a technical resolution of bolsones; in 2003, the ICJ rejected El Salvador's request to revise its decision on one bolsone; the 1992 ICJ ruling advised a tripartite resolution to a maritime boundary in the Gulf of Fonseca with consideration of Honduran access to the Pacific; El Salvador continues to claim tiny Conejo Island, not mentioned by the ICJ, off Honduras in the Gulf of Fonseca; Honduras claims Sapodilla Cays off the coast of Belize but agreed to creation of a joint ecological park and Guatemalan corridor in the Caribbean in the failed 2002 Belize-Guatemala Differendum; Nicaragua filed a claim against Honduras in 1999 and against Colombia in 2001 at the ICJ over a complex maritime dispute in the Caribbean Sea.

Honduras Map

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