Archive for the ‘Belize Real Estate’ Category
Is Belize ‘the next big thing’ in Caribbean real estate?
Sunday, February 4th, 2007Belize is managing to combine the opportunity for investors to participate in both a rapidly growing tourism market and an emerging second home retirement destination. Although more affordable than other Caribbean destinations, this is not at the expense of local amenities and services - something that sets it apart from more speculative offerings elsewhere. Certain regions could be described as a “mezzo market” - a term coined by International Living to describe markets that are not quite emerging; not quite developed. The risk/reward profile is perhaps more comfortable than purely speculative real estate markets elsewhere in Central America.
As you might expect, continued growth in tourism, environmental preservation and infrastructure improvement are important factors in the future success of the real estate market in Belize. Indications are good. The country has a progressive Tourism ministry that has been successful in putting Belize firmly on the map as a tourism destination. As the 2005 Moon Handbook puts it, ‘Belize is the only country within the Caribbean to experience consistent increases with respect to overall tourist arrivals since 1998.’ Places like Ambergris Caye are key magnets for tourism and this reach is expanding into the luxury end of tourism, a trend helped by a number of celebrity real estate purchases in the country. We will shortly be reviewing tourism data for 2006 which will help put the trends into context.
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belize real estate
Belize is one of the ‘6 hottest markets for second home buyers in 2007′ - according to CNN
Tuesday, January 30th, 2007In fact, Central American countries made up four of the six countries mentioned. The four are Belize, Honduras, Mexico and Panama. Costa Rica also gets a mention as a destination attracting real estate investors. According to State Department estimates, some 6.6 million Americans live abroad - about 2.2% of the US population. The Brits are still far ahead in relative terms with 10% of the nation’s population living as expatriates. Read the full article.
