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Belize Real Estate A Top Investment
March 15, 2010Article by Ray Withers
Belize real estate currently presents among the best investment opportunities Property Frontiers has announced. The international property investment consultancy says that the fact that property in Belize is more affordable than ever, will combine with the fact that foreigners can still get mortgages in the country, and still rising tourism, make Belize real estate an investment with potentially great returns.
Director of the firm David Cox said:
“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.”
Cox also pointed out that investors in Belize property have an almost pre-made exit strategy: “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.
Property Frontiers are currently marketing the Cayo District nature reserve, which is undoubtedly one of the reasons that the firm are so quick to shout about the investment potential of Belize.
The Cayo District nature reserve is an entry level investment, with half-acre land-plots available from just £20,000, with the option to build pre-designed 1, 2 and 3 bedroom villas for £72,400, £84,150 and £95,950 respectively.
The plots are built around an exclusive, small, luxury resort-boutique hotel, with an excellent range of facilities including a pool, spa and gymnasium. Those who choose to build will see their villas become part of the hotel’s inventory and receive full and free rental management. Further investment potential comes from the fact that the development lies within a nature reserve, meaning it won’t be over-developed, and neither will the surrounding area, which will maintain demand above supply.
Some will worry that this means it is in the middle of nowhere, when it actual fact it is just 15 minutes from town of San Ignacio and 25 minutes from the capital city. This adds to its appeal for investors, lifestyle buyers and retirees.
For more information contact Property Frontiers on +44 (0) 1865 202700.