Belize Reserve appreciates in value

Country: Belize

1 August 2008

The price of a half-acre land plot within the Belize Reserve, a boutique hotel at the heart of the spectacular Belizean rainforest, has risen to £25,000, after being initially marketed for sale earlier this year for £16,950.

All properties in the Belize Reserve, which is being developed by Someplace Else, will be built from locally sourced wood in an environmentally sensitive fashion. Bordering the Tapir Mountain Nature Reserve, much of the land will remain protected so that the rich biodiversity is preserved.

Commonly referred to as Mother Nature's best-kept secret, Belize has long attracted an influx of retirees, especially from the USA. However, Belize may soon open up air traffic in order to cater for direct flights from Europe and Canada. Belize international airport has already been expanded, indicating that plans are already in place to introduce long-haul flights. The harbour in Belize City is also being extended to facilitate the arrival of even more cruise ship visitors.

Growing tourism levels should result in greater demand for property in Belize to buy and rent. Consequently, there are number of new residential developments being constructed across the country.

Speaking to Homesoverseas.co.uk, Ben Mason of Someplace Else, said: "Belize has an awful lot going for it, as it is a wonderful destination. It has plenty of white sandy beaches, Mayan ruins, caves, jungles, and the second largest barrier reef in the world.

"The country's legal system is based on British law and English is the official language. The people are friendly and the economy is stable. Tourism is growing and will continue to get larger, which should impact positively on property prices in Belize over the years to come."

A 50% developer finance for a tenure of 5 years is currently available to anyone buying in the Belize Reserve. Further capital growth is forecasted.

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