Belize property is set to benefit from the return of low budget buyers now that Belize property is a lot more affordable than it was.
In the last few weeks several portals, including Rightmove Overseas and Primelocation (arguably the big two) have reported a significant spike in searches for low budget destinations such as Cyprus and Bulgaria.
It is easy to think that this is also because of their locality to the UK. When risk-appetite takes a beating as it has the past few years, to an all time low, the desire tends to be to buy closer to home, which gives a feeling of increased security. To put it another way, it is only when risk-appetite is high among property buyers and investors that they will even consider investing in far flung Asian or Belize property.
However, lest we forget the mini-boom that is currently happening in Florida, as bargain hunters from around the world snap up distressed and repossessed properties at rock bottom prices. In fact demand for such properties has increased so much that it can no longer be called a mini-boom; and that prices of those properties have incredulously started to see some growth in recent weeks and months.
As these properties start to decrease in availability and/or quality people will start to look at other parts of the continent to find bargains, at which point they will find -- if they don't already know -- that Belize property has seen property prices fall by up to 100% in some places. In fact, it needn't take any such reduction in American foreclosures to drive buyers to Belize; it could quite easily happen simply based on quality of life, quality of property and value for money.
When a property is to be foreclosed upon by a bank, it is offered to the bank staff for first refusal, at which point all the best properties; the best bargains are swiftly snapped up. In Belize, right now you can buy a brand new, ultimate luxury 1 bedroom villa in an eco-boutique resort in a Belizean nature reserve from just £72,500.
The villas, in the Cayo District Nature Reserve are being marketed by Property Frontiers. The villas (although half acre plots are also on sale for £20k), of which only a handful are available, are built around a central boutique hotel with exclusive facilities. Those who do have villas built at cost price receive free rental management as an extension of the hotel. A top investment or lifestyle buy, and fantastic value for money like this can't go unnoticed forever.
No comments:
Post a Comment