The tiny Central American nation, which has avoided the worst of the global pandemic, is luring foreign investors with its agreeable prices.
Belize was once a British colony and the native language is English, which makes it an attractive destination for tourists, retirees and second home buyers from the United Kingdom and North America. The most popular tourist spot is the island of Ambergris Caye, which is about a half-mile from the world’s second-largest barrier reef.
The 2008 global recession “had a ripple impact on the entire Caribbean, and Belize was not exempt,” Ms. Anderson said. Many condominiums and resorts being planned in Placencia were stalled.
Buried treasure can be found in the Caribbean, and you don’t need a pirate ship to find it. The treasure comes in the form of affordable real estate in five sub-tropical markets primed for growth. These areas are all poised to experience an economic boom in 2013 and beyond, and that has put wind in the sails of North American baby boomers. Each market has an inventory of move-in-ready properties that are suitable for retirement and investment purposes. They are also relatively inexpensive.
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