Published on 20 October 2005 at 06:39 pm
Filed under: South/Central America:- Belize Property Guides » Belize Investment Real Estate Guide
Belize is being billed as ‘the next big’ thing in terms of Caribbean real estate investment opportunity, and yet so far it remains an affordable marketplace in which an investor can begin or continue building a successful and diverse property portfolio.
Belize affords the investor a unique and fantastic chance to get in on both a fast emerging tourism market and an emerging second home destination that’s growing more popular annually with the soon to retire US baby boomer generation.
Thus the real estate investment opportunities in Belize are as diverse as they are plentiful and include residential retirement developments, off plan holiday home and residential property purchase, commercial ventures including hotel and resort facilities as well as retail developments.
The most important thing for an overseas investor examining Belize for real estate investment potential to understand is that the key to the future success of the real estate market in Belize is on the country upgrading its tourism product whilst retaining the absolutely pristine quality of the country’s overall environment.
I.e., for the Belize real estate sector to continue growing healthily Belize must raise its profile yet maintain its standards.
But is that easier said than done - after all many other countries have failed in this bid?
No - because Belize is different.
Firstly tourism in Belize remains the number one foreign exchange earner for the economy and therefore a great deal of local and governmental investment is being poured into the promotion of this Central American, Caribbean destination annually as a result.
Secondly and even more importantly, 2005 saw the appointment of a new and highly qualified Tourism Minister who, it is believed, will succeed in upgrading Belize’s profile. And through the promotion of the country he will work on attracting intense foreign investment into the tourism facilities and resorts in Belize and create a highly desirable broad range tourism market. The Belize Tourism Minister also has exciting plans to extend the country’s reach to embrace the luxury end of ‘private tourism’ as well.
If successful, the development of Belize into an attractive, top end destination will naturally push up the desirability of property and land for sale in Belize meaning that any investment made today into the most attractive areas of the country will reap the investor substantial dividends in the medium to long term.
In the interim Belize is an affordable destination for travellers and it is being targeted as a lower cost country in which to retire. Belize also actively promotes the immigration of qualifying retirees with sufficient wealth to sustain themselves by allowing them to reside in Belize tax free. Therefore real estate investors seeking immediate returns on investment are tapping into the growing retiree market and getting involved in the creation of designated retirement communities and they are also buying up beachside properties to let to the tourism market.
All in all with the potential for immediate income and a projected period of sustained capital growth this Caribbean nation is earning its reputation as the ‘next big thing’ in terms of property investment opportunity and profit.
South/Central America:- Belize Property Reports
Complete listing of all current property reports for region: South/Central America:- Belize
