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Wednesday, October 08th, 2008
You might think that investing in property anywhere in the world right now is tantamount to madness – after all house prices in the US and UK are falling and therefore the value of our equity is on the slide. Added to this it is getting harder and harder to arrange domestic mortgages let alone raise one to buy abroad. But what if I were to tell you that there really is one market in the world where it still makes sense to buy property?
It’s true – and I’m not alone in my thinking either - the likes of The Wall Street Journal and Coldwell Banker agree with me! The market I’m talking about is Belize and here’s not just one but ten reasons to invest in property in Belize when all around you real estate markets are failing!
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The popularity of Belize is really beginning to have an effect on the prices of real estate for sale in this Central American, Caribbean country. And for those who are researching their options when it comes to where to buy property abroad, the question that needs answering in respect of Belize is what to spend on property in Belize?
What is realistic, what is a rip off, where will your property pounds and dollars go furthest? In this article we explore prices for property in Belize today and give an overview of the real estate market in Belize currently.
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A warning has been issued to would-be buyers of Belizean real estate – be location careful when buying property in Belize, especially if you ever want to resell it! Rather ironically, the issue has been given by a realtor who’s actually attempting to sell a seemingly unsaleable retirement development in Punta Gorda in Belize near the Guatemalan border.
The trouble with the development is not the construction or the cost, it is simply the location. It is difficult to access and pretty much in the middle of nowhere, and so unless you’re seeking an escape from the madding crowds, it’s unlikely to appeal. However, where buyers do get the location of their dream Belize home right, they could be in line for record house price gains in 2008.
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With its stunning turquoise waters, white powder beaches and laidback atmosphere, Belize is a favourite property-buying destination for Brits, Americans and other foreign nationals who truly want to get away from it all. If buying property in Belize appeals, you’re going to find the local representation keeps getting better.
Whilst Belize does have its own National Association of Realtors and holds its professionals to high standards, the organisation recently branched out to obtain more backing. In this article, we’ll explore what has happened with Belizean realtors and why the property market here appeals so much and how buying property in Belize is getting more professional.
Read On...Whilst many established property markets in countries all over the world are experiencing a slowdown as of late and even outright stagnation in some cases, new markets are emerging to take their place.
From Morocco to Cape Verde, real estate investors are finding growing property markets in locations few would have thought of only a few years ago. One such destination that really appears to be a rising star is the Central American country of Belize and with property in Belize you can access real investment return potential.
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