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Cayo District Belize Property Best In Business
February 24, 2010Article by Ray Withers
The Cayo District Nature reserve in Belize, is potentially one of the most lucrative property investment opportunities in the world, international property investment consultancy Property Frontiers has announced. The development, which offers 1 bedroom luxury villas from 88k, is particularly special because it is a carbon-neutral boutique development, offering only a small number of villas around a central boutique hotel, and all set within a Belizean rainforest nature reserve.
“Developments like this don’t come around too often; developments where it is extremely difficult to imagine them not bringing in phenomenal rental yields and capital appreciation. But the Cayo District nature reserve development is most certainly one of them,” said David Cox, director of the firm.
“The location alone is out of this world,” continued Cox. “One thing the crunch has taught us is that people are always willing to pay more for a great location — not to mention the fact that the area being protected means no risk of overdevelopment, and exclusivity maintaining upwards pressure on prices,” he said.
“Speaking of which, the price is simply phenomenal, which also gives world beating value for money. And then you have the eco-friendly carbon neutral aspect, which is certainly the in-thing at the moment, as part of a trend that is certain to grow in the coming years. Then of course you have the fact that Belize property is thought to be among the most under-valued in the region,” concluded Cox.
The Cayo District development offers half-acre land-plots — twelve to be precise — from £20k, with the option to build at cost price from £72.4k for a 1 bedroom villa. 2 and 3 bedroom villas are also available priced from £84,150 and £95,950 respectively. Those who decide to build receive free rental management as an extension of the boutique hotel, which has 20 rooms, a restaurant, bars and a swimming pool.
While the development is nothing short of spectacular, Cox conceded that it was unlikely to inspire investors’ confidence on its own, but, he said that wouldn’t be a problem with the backing of Belize.
“The development is spectacular, but investors are doing more research than ever before, and where there is any risk in the investment locale, or in the country itself. Luckily Belize has no concerns there; having a whole host of benefits including one of the most stable democracies and currencies in the region, English as the first language, Mayan ruins and Coral Reefs to keep the tourists coming back, a first-rate medical service and much more,” said Cox, adding: “that is why Belize property was among the most popular in Latin America during the last boom.”
For more information contact Property Frontiers on +44 (0) 1865 202700.