Since 2007, global interest in Belize Real Estate has continued to increase. Exact numbers are hard to calculate. Real Estate trends show an approximate 30% increase in the value of properties for sale on the coastal areas. Typically a property for sale inland is expected to increase by 15 percent on a year-to-year basis. More people continue to flock to and invest in Belize. Therefore, experts predict that 2017 will continue the strong Real Estate market trend.
Increased Real Estate Sales Predicted For The Entire Island
If the major airlines are any indication, then Belize’s Real Estate market will continue to increase in 2017. The airlines have continued to increase the number of direct international flights into Belize throughout the past five years. Los Angeles, Houston, Miami, and Ft. Lauderdale are just a few of the major cities that have daily flights to Belize. The ease with which individuals can travel to Belize has increased tourism. Undoubtedly this has improved the international Real Estate market.
During 2015 the average price for a luxury property for sale in Belize was less than $1 Million U.S. This price is well below the average $2 Million U.S. for a similar type of luxury home in other popular Caribbean destinations. The most popular areas to invest in Belize include:
Ambergris Caye and Southern Belize
Many foreign home buyers are attracted to the beauty and easy island lifestyle that Ambergris Caye offers. The Barrier Reef is a big factor for foreign investors. Ambergris Caye offers numerous water activities such as world-class snorkeling, scuba diving, fishing, sailing, kayaking, windsurfing, and parasailing. As well as expert guided eco-tour excursions on the mainland. This makes real estate investing in Ambergris Caye a valuable option. You can choose to buy and hold land or buy a condo or home and put it in the rental pool.
Placencia Peninsula
This area is located near the beautiful Sitee River and offers investors the opportunity to invest in pre-built residential properties or vacant lots. The peninsula is slightly more remote than Ambergris Caye, which makes for less expensive residential homes.
Corozal Town and Northern Belize
Some foreign investors prefer to be near the Mexico border of Belize. In 2015 the average price for a luxury home in this portion of Belize was approximately $500,000 U.S. This area will continue to be a popular choice in 2017 for any investors interested in enjoying both countries.
Act Today On Owning Your Piece of Real Estate in Belize
Capitalizing on the growing Belize Real Estate market is greatly improved with the help of an on-island trusted Realtor. Whether you are interested in purchasing a beachfront property for sale or prefer the convenience of in-town living. RE/Max Island Real Estate’s team of agents are here to help. Discover an easier way to buy your future vacation home in Belize with the help of the Real Estate experts at RE/MAX Island Real Estate.