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Belize A Rocket To Top-It
March 15, 2010Article by Ray Withers
Price reductions and rising tourism are combining to make Belize property a world beating investment an international property investment consultancy has claimed. David Cox, director of Property Frontiers said in a recent press release:
“Belize tourism has grown massively in the last 10 years, and there are signs emerging that growth is resuming now that the recession is easing around the world — with growth in medical tourism remaining particularly strong. It is this massive tourism growth that led to Belize real estate increasing in value faster than most countries in the world between 2004 and 2008 — and that is saying something.”
“The downturn crippled tourism to such far flung destinations as Belize, the speculators quickly left and Belize property fell in value at an alarming rate. Now, we have a new breed of buyer; people who are doing their research and buying up the bargains with solid investment potential, which are in no shortage in Belize.”
In the same release Cox commented on the exit strategy afforded to investments in Belize property from its growth as a destination for American retirees.
“Belize is most certainly aiming to challenge Panama’s reign as the top destination for US retirees to buy property. With moves like allowing incoming residents to bring their car and belongings duty free and pay no income tax on any income sourced either outside or inside Belize,” he said.
The release then went on to feature an property for sale in Belize, which is perfectly suited to investors and lifestyle buyers. The Cayo District nature reserve offers half-acre land plots from £20k with the option to build a 1 bedroom villa for £72,400, a 2 bedroom villa for £84,150, or a 3 bedroom villa for £95,950. Those who opt to build receive free rental management as part of the boutique hotel central to the development.
It is also worth mentioning that the Cayo District nature reserve is a 100% carbon-neutral development, which should see its popularity increase in years to come. That adds an avenue to the exit strategy, as does the fact that its protected status will protect it from over-development and ensure price growth over the long-term. Perhaps surprisingly the development is located just 15 minutes from town of San Ignacio and 25 minutes from the capital.
Belize is a growing favourite with western buyers, because it was formerly the British colony of British Honduras, this means that English is the first language, and that it has a first-class healthcare system among other things.