Is Belize Bullet Proof?
Belize has always had a charm that attracts investors from around the globe. There is also something else that remains constant in this English-speaking Central American country, and that is property values. Even amidst the sharp global downturn, prices in Belize, a true value compared to many other Caribbean countries, have consistently risen and continue to do so. Development is still taking place, where it has all but stopped in many regions. More importantly, interested parties are still buying.
Read what one International expert has stated...
Les Calvert, director of overseas property portal Property Abroad said: "While Belize never really became massive news as an emerging market, its emergence, if largely silent was one of the quickest and most profitable of all overseas property markets.
"An ultra luxury 2 bedroom Caribbean front condominium in Belize is now averaging US $285,000.00 to buy with many in fact over half a million dollars. But I certainly wouldn't advise anyone to wait and see if prices drop; they won't! And before you know it prices will begin rising rapidly again."
Belize is home to the world's second largest barrier reef and a lush tropical rainforest. It also has a rich diversity of wildlife and a large concentration of Mayan ruins, all of which are making Belize increasingly popular with international tourists. It is a destination that is close to the United States and has very attractive retirement and investment incentives. Another important note is that Belize follows British Common Law, so property ownership and subsequent rights are clearly defined and purchases are secure.
Mr Calvert added: "All in all, Belize is a fantastic place to buy a property, whether you are buying a holiday home or an investment property."
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