Investing in Condos - A Prudent Investment of Belize

Belize, whose capital is the inland city of Belmopan, is a country that stretches along the Caribbean coast and south of Mexico and east and north of Guatemala in Central America with land area of 8867 sq. miles and population of around 335,000.  Belize is said to be least populated country in Central America.  It has a very diverse population consisting of around 50% Mestizo, 25% Creole, 11% Mayan, 6% Garifuna, and around 8% consisting of others.  With regards to area, it is slightly smaller than Massachusetts and experiences rainy season between May and November and has dry season during February and March.

Belize consists of 6 districts, namely Belize district, Orange Walk district, Cayo district, Stann Creek district, Corozal district, and Toledo district, and is governed by parliamentary democracy.  These districts are further divided into 31 constituencies.

The tourist and construction segment thrived during 1999 and had a steady growth of around 4%.  Belize being an English speaking country has been definitely an asset for foreign investors craving to invest in the real estate sector of Belize.  Price of land in Belize in comparison to other areas in the region is less expensive and has continued to remain so.

Various multinational developers have come up with stylish concepts for both luxurious and affordable villas and condos for sale.  The developers venturing in the segment can be sure that they can see their business growing.  These luxurious havens promises facilities like 100 percent power backup, AC lobbies, landscaped gardens, private as well as guest car parking space, jogging tracks, and much more.  There are real estate firms which offers supreme project composite of oceanfront condos for sale.

Realty prices in Belize have been rising in an unparalleled manner unlike income levels which are not rising.  This price increase is mostly tentative and can be attributed mainly to the capital-driven nature of the sector.  The only positive energy in this sluggish real estate sector springs from the fact that the sales though slow are not inactive.

With the arrival of these multinational developers, Belize has witnessed a boom in real estate prices and over the past year has given a hefty return to investors.  A number of commercial and residential projects have come up in this area which added a pace to the development of infrastructure and other facilities out here.  With increasing competition and price wars between developers, one can find villas and condos for sale at down to earth price with greater selection and better products.

With spontaneously developing lifestyles, the demand for condos and villas are going to increase.  Economic situation would have lead in a slowdown in the overall market, but with the arrival of new luxury projects actively making their existence felt in the Belize market, the comeback is for sure.