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Demand Increasing On Belize Property’s Unique Proposition
December 31, 2009Article by Ray Withers
Foreign demand for Belize property is picking up as fear over how bad the downturn could get subsides and risk aversion fade according to experts. The fact that tourism to Belize and the country’s economy are still growing will make it one of the favourites with foreign buyers in the coming months, according to international property investment consultancy Property Frontiers.
“Because tourism has remained strong, and the economy is still growing, the only hindrance to foreign demand for Belize property is risk aversion, and fear over how bad the downturn could get. Both of these are now beginning to subside and realtors are already reporting increased demand from foreigners for Belize property,” wrote sourcing manager Ben Jeffries in a recent blog post.
The post was a detailed investment overview of the Belize property market. In it the firm mentioned why Belize is such a favourite with tourists, and how the same benefits also make it attractive to foreign property buyers.
The main one being the fact that Belize is a part of the British Commonwealth, which means English is the first language, and gives property buyers an added sense of security. Belize having the second largest coral reef in the world, and plenty of Mayan ruins, which are currently part of pop culture, were also mentioned in the coverage.
Property Frontiers is currently marketing a truly unique property in Belize. The Cayo District’s Belize Reserve offers half acre land plots set in a tropical rainforest nature reserve for £20k. The lots come with the option to build a gorgeous eco-villa at cost price. This means a 1 bedroom villa for £72,400, a 2 bedroom for £84,150 or a 3 bedroom for £95,950. Those prices are special, but when looked at with the rest of the offer they become even moreso.
Imagine holidaying in a luxury villa under the canopy of a rainforest, with natural springs supplying your water. That is exactly what the owners of one of these properties will enjoy. The resort is to consist of 14 communities of 20 homes, all build around a central, and fully equipped boutique hotel. The current prices are 30% discounted, an offer which is expected to end as demand continues to increase.