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Belize Real Estate you go Boy!
April 20, 2009Article by Ray Withers
Belize real estate is set to see continued increases in its popularity as the government steps up its campaigning to improve the infrastructure in popular tourist haunts. The latest region to benefit from the campaign is Fort George.
The Fort George Area is the hub for cruise passengers to Belize. With 6000 feet of waterfront, numerous heritage buildings, excellent transport links to downtown, and a selection of prominent hotels and tourism-based retail outlets, the area has naturally evolved as a tourism destination.
However, this has caused problems common to such growing areas, things like traffic congestion, poor drainage, inadequate waste management, security concerns and urban decay. The area will now be revitalised using part of the $15m fund allocated to the Sustainable Tourism Program, which is provided by the Government of Belize through an IDB loan and from the Belize Tourism Board.
This is exactly what Belize (and many other paces at similar stages of development) needs going forwards according to international property investment consultancy Property Frontiers. Director of the firm David Cox said:
“Belize is a fantastic place, Brits and other users of the English language especially love it because English is the first language, on top of that there is the tropical climate, great beaches, fantastic culture and history including many Mayan Ruins to explore.
“But today, more and more people are looking more closely at things like infrastructure, not only current infrastructure, but how focussed the government in question is on improving the infrastructure as and when necessary or beneficial. The Belize government is continuing to show its commitment to improving the infrastructure and this can only make Belize real estate more popular with property investors from around the world.”
This is the second time in a short period Cox has tipped Belize for increased popularity with foreign buyers. On Apr 15th Property Wire quoted him as saying:
“Although local agents claim only a slight fall in Belize real estate prices the reality is different. You also have to consider the fact that Belize real estate values grew by 15% per year inland and by up to 30% in coastal locations. This track record of such strong growth will not be overlooked by serious investors.”
Given Property Frontiers’ track record for picking destinations with great potential, one feels the distinct need to pay close attention to Belize in the coming years.
Property Frontiers are currently marketing half acre land plots from £20,000 and 1 bedroom luxury villas from £79k in the gorgeous Belizean Cayo District Nature Reserve.