Which regions in Belize should I consider for property investment?
The two primary areas attracting investor interest in Belize are Ambergris Caye, located just south of Mexico's Yucatan where Playa del Carmen and Cancun are found and Placencia, a 16 mile long peninsula boasting the best beach on the mainland.
The azure waters of the Caribbean and its white sand beaches are attracting tourist visitors by every growing numbers to Ambergris Caye. The sandy streets of San Pedro, the main town, are lined with painted wooden houses, small hotels, bars, craft shops and restaurants. While some residents own cars, the most common form of transportation is by golf cart. Ambergris Caye has more foreign residents than any other area of Belize, and this number is growing. Investors are attracted to the wide range of property opportunities available from beachfront condos, serviced lots as well as large raw land parcels in the more remote beaches suitable for private estates, condominiums or resort development. The strong visitor numbers to Ambergris Caye support a buoyant rental market, a key driver for those investors looking for income generating property.
Placencia Peninsula runs for 16 miles from the coastal community of Riversdale to Placencia Village at its southernmost tip. The palm fringed beach running along its entire length is easily one of the best on the mainland of Belize. Placencia is firmly on the tourist visitors map and allows quick access to offshore cays and diving sites. A short boat ride cross the lagoon, brings you to the starting off point for a multitude of inland tours. Those staying on the peninsula can while away the time walking the famous one-mile sidewalk that runs through the sand, stopping off at the souvenir shops, bars and beach-side restaurants. Most of the real estate developments are between Seine Bight village and Placencia village. Placencia village has notably fewer condo projects than San Pedro on Ambergris Caye, but more are in the wings. With the paving of the road this trend is set to accelerate.
Corozal, Hopkins and San Ignacio
Other areas of note include the rapidely growing town of Corozal to the north of country (just across the border from Mexico) and the relatively sleepy Hopkins/Dangriga area. Both have a pleasant, easy going atmosphere. San Ignacio, in the Cayo District, is inland of the border to Guatemala and is the center for jungle tours and activities such as caving, rafting and horseback riding.
The private island market in Belize is attracting ever more attention from island enthusiasts. Islands offer the opportunity to create a personal version of paradise and the Belizian cayes offer the added advantage of clear title, comparative affordability and proximity to the US. Dotted along the coastline of Belize are a collection of 450 cayes the most spectacular of which are being found along the reef itself. Learn more about Belize private islands.