The price for a luxury home in Belize is under US$1million, less than half the $2million average luxury home price across the globe, according to SANCAS Realty, the exclusive Christie’s International Real Estate for Belize.
The agency’s 34-page Luxury Emerging 2016 Belize Real Estate Report, available free to download at luxuryemerging.com, is claimed to be the most comprehensive review ever produced of the Belize emerging luxury real estate market.
Christopher Todd, Vice President of Global Marketing, SANCAS Realty and lead author of the report, says, “The mid-term potential of the Belize real estate market is absolutely phenomenal. The consensus opinions from our experts all paint a promising picture for those seeking to invest in Belize over the near-term.”
Despite increased media attention, Belize remains as perhaps the best kept secret in the Caribbean real estate market. Its English-speaking population, bountiful natural amenities, stable government, and extremely low property taxes make Belize a premier real estate option when compared to many other better-known locations.
Caribbean real estate continues to be in extremely high demand among Ultra-High Net Worth Individuals. Private islands such as Royal Palm Island provide wealthy investors with extreme privacy and an abundance of natural amenities not found in traditional real estate markets.
“Nestled on the western edge of the Caribbean as the only English-speaking country in Central America and with currency directly tied to the US dollar at a fixed rate of two to one, Belize is just beginning to capture international attention as an emerging luxury real estate market for second-home buyers targeting the resort luxury housing market,” says the report.
“Location is still the dominating factor in Belize luxury real estate with beachfront properties and sprawling jungle/mountain estates commanding the highest premiums.”
Ambergris Caye, the Cayo District, and the Placencia Peninsula are the hottest markets in Belize with foreign nationals representing 95% or more of the buyers in key beachfront areas.
The quality and volume of new luxury-class inventory is increasing rapidly driven largely by increased media attention and international airlift into the nation, says the report.
North Ambergris Caye will expand rapidly over the mid-term as the Belize government builds new infrastructure including road improvements and a proposed new international airport.
Gil Castillo, President, SANCAS Realty, says, “Through our contacts within the Christie’s International Real Estate network, we were able to build from the data in the 2015 Luxury Defined report to help us better understand the Belize marketplace.
“Our Luxury Emerging report is the most comprehensive review ever produced of the Belize emerging luxury real estate market.”
SANCAS Realty agents specialise in emerging luxury properties and select commercial properties appealing to the world’s most discerning real estate investors and buyers.
No comments:
Post a Comment
Name
Last Name
Address