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Why NOW is the Time to Buy Real Estate in Belize
from: Rhiannon WilliamsonLast year Belize appointed a new Tourism Minister who is
committed to the development and promotion of Belize as a luxury
market for private tourism; this fact is the number one force
driving massive real estate investment in Belize right now.
While Belize has long been associated with low cost and
attractive real estate and has long been considered an
affordable overseas destination for British and American
tourists and retirees, never before has it sought to so fully
embrace its cultural and ecological advantages and build on its
reputation as a friendly and relaxed destination to directly
target the wealthier tourism market.
Belize is of course already a tourism hotspot with travellers
drawn to the beautiful cayes, the beaches, the barrier reef and
the flora and fauna...but with the development of a luxury end
tourist market place in Belize, the appeal of the country can
only rise and rise.
International real estate investors are well aware of this fact
and are buying up land and property in Belize to position
themselves ahead of the projected upward swing in real estate
prices.
Those who are taking advantage of Belize's policy of actively
attracting investment today will benefit over the medium term
when the country's plans for the development and promotion of
the tourism market are fulfilled. In other words, those who buy
now stand the very best chance of making maximum profit.
Not only are real estate investors well aware of this fact, a
growing number of American baby boomers are too and they are
securing their retirement lot now while prices remain
attractively low. They know that if they spend the next few
years before they retire getting their ideal property built so
that it will be fully completed and ready to move into when
Belize is well under way with establishing itself as a
sophisticated travel destination, they will be moving straight
in to a more sophisticated country as a result.
In terms of what will drive residential property prices up in
Belize, as more and more people travel to Belize so more and
more people will understand the charm and appeal of the country
and will wish to set up home or buy a vacation home in Belize.
This increase in demand for real estate in Belize will come from
an increasingly wealthy section of society if the Tourism
Minister's plans for Belize come to fruition and these people
will be able to afford to pay more for property and this will
sustain price increases. Furthermore any increase in demand
naturally pushes property prices up anyway - and in fact this
trend has already started in the most attractive coastal resorts
in Belize and just highlights the shape of things to come.
Therefore NOW is the time to buy real estate in Belize if an
investor wants to get the most for his money whilst buying into
the maximum period of growth potential.
About the author:
Rhiannon Williamson writes about real estate investment in
emerging markets worldwide. To read more about
n-belize/" target="_new">buying real estate in Belize click
here.
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