Ambergris Caye Real Estate Market

The emergence of Belize as a real estate hotspot has been a positive trend. Over the past four years, property prices have risen by double digit figures. This is partly due to the increase in foreign buyers. These include expats from the US and Canada, as well as Mexico. There are also a number of residential projects in the works.

However, there have been some negative aspects to the Belize real estate market. In particular, investors should be aware of the risk. Investors are often buying properties for below market value. If they can absorb the short term loss, they could do quite well in the years ahead.

Despite this, there are still some good opportunities in the Ambergris Caye Real Estate market. Some of the best deals are beachfront condominiums. For seasoned investors, these are the properties to buy. They are attractive because they have high rental capacities and low maintenance. As a result, they are a great way to make a steady income from your investment.

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The largest island in Belize is Ambergris Caye. It is the most popular tourist destination in the country. Visitors from the western Caribbean are flocking to the area. House prices in San Pedro are high compared to other Caribbean islands.

Did Ambergris Caye Real Estate Market Crash?

The island of Caye Caulker is the second largest Belizean caye. Backpackers and divers are drawn to the tiny, self-sufficient island. Like Ambergris Caye, it is a place where visitors can enjoy a laid back Caribbean lifestyle.

A number of developments are in the works, including a hotel with overwater bungalows. Additionally, the Marriott Autograph Collection will launch its first boutique hotel in Belize in 2020. With its growing popularity, the island is expected to boost tourism to the country, which will in turn increase the price of real estate.

The most important thing to know about the Belize real estate market is that it has not yet hit rock bottom. Rather, it is in the early stages of a recovery. While house prices are still above pre-crisis levels, some investors are buying at a significant discount. Fortunately, the Belize real estate market is expected to continue growing through 2021.

One of the best places to buy an oceanfront home in Belize is Ambergris Caye. Two- to four-bedroom oceanfront houses will cost anywhere from US$500,000 to $1 million. Those looking for a more affordable alternative should consider buying inland homes. Typically, they are priced around US$200,000.

Another good option for those looking for a new home is the southern Belize area. These are usually less expensive than Ambergris Caye, but they do not have the beachfront advantages. Southern Belize includes the Placencia Peninsula. Prices begin at just under US$200,000 for a two-bedroom beachfront house.

Regardless of where you decide to buy a piece of Belize real estate, it is a good idea to consult with a local real estate agent. A professional can help you choose the right property and take care of any needed paperwork. Also, you may be able to get some tax deductions on depreciation and mortgage interest.