The New York Times has a small article this week covering Belize Real Estate. While the article is aimed at pushing high end real estate on Ambergris Caye, it does give a sketchy snapshot of current conditions of the Belize Real Estate market – well at least from the perspective of folks in Belize involved in pushing real estate – a local lawyer and a real estate agent. An excerpt:
“Prices in Belize dropped 25 to 30 percent after the global economic crisis of 2008, said Michel Chebat, a real estate lawyer with M.H. Chebat & Company in Belize City.
“Sales to foreign buyers slowed down substantially, and it is only since the beginning of the year that the market has begun to pick up, he said. Condominium development also slowed in some areas — for instance Placencia, a peninsula toward the southern end, and the Corozal district in the north.
“There’s still many developers who are not able to sell many of the condos,” Mr. Chebat said.”
While the information is relevant it leaves out some details, such as looking for more realistically priced real estate on less congested areas. The population of Ambergris Caye is exploding and the island is already regarded as being congested and with the highest prices for real estate. Belize.com has an evergreen article covering other real estate options in its Belize Real Estate section.
The New York Times now requires paid registration, but for the benefit of readers we have found a version of the Belize article at the Pittsburgh Post Gazette.


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