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Green Light For Eco-Resort In Belize
May 21, 2009Article by Ray Withers
Low cost living, tax breaks, eco tourism and one of the lowest death rates in the world are luring UK buyers to invest in Belize property.Belize is like a subtropical Little Britain – is the only Latin American country that has English as a first language and a government and legal system based on those in the UK after evolving from the former British colony of British Honduras.
The small country has a Caribbean Sea coastline and borders Mexico to the north and Guatemala to the west. Belize is on the same latitude as Jamaica and the Dominican Republic and shares a similar climate.
Tourists go to Belize for beaches skirted by the world’s second largest reef behind Australia’s Great Barrier Reef, the rich Mayan heritage and ruins and to get up-close and personal with wildlife in the lush tropical forests.The country attracts plenty of retiring British ex-pats and now eco-tourism is proving such a draw, investors are keen to cash in by putting money in to ‘green’ resorts.
Property in Belize is also acknowledged as the fourth cheapest Caribbean country for real estate costs.
Buying Belize real estate directly can be trying, as no formal estate agents or property-listing sites are available but UK based international property consultants Property Frontiers are acting as an intermediary for one popular carbon-neutral development – Belize ResortThe true good life is available from the Belize Reserve eco community in Western Belize. The site includes a planned 20 to 30-room hotel due forcompletion at the end of 2009 and 350 half-acre plots making up several small villages for private housing.
The plots cost £24,950. For a limited number of properties, the developer offers interest free 50% finance over five years.The builder will put up your house at cost – about £34,950 on top of the plot price, depending on what you pick from the three designs. Other designs may be introduced as the development progresses.The reserve has been awarded an ‘excellent’ kite mark from green expert site whatgreenhome.com http://www.whatgreenhome.com and plans to be a self sufficient community.Belize Reserve is located in the tropical rainforest of the Cayo district on the western side of Belize, just 15 minutes from town of San Ignacio and 25 minutes from the capital Belize City.
The house designs are ecologically friendly in the way that they are built; using primarily locally sourced wood; with solar power providing hot water and electricity.The sewerage system utilises anaerobic bacteria that is not only environmentally friendly but requires no electricity.Developers regard ongoing running and maintenance costs as minimal.