The Real Estate Market In Belize: What Does The Rest Of 2020 Hold?

The Real Estate Market In Belize: What Does The Rest Of 2020 Hold?

Emerging from restrictions imposed by the pandemic throughout the first half of 2020, Belize’s tourism and real estate industries are already showing signs of rebounding. Having announced the reopening of Belize to visitors as of August 15, 2020, interest in both resort bookings and tours of residential properties designed for second home buyers and retirees has begun to increase.

“We can’t ignore the fact that COVID-19 literally brought to a halt our marketing plans to introduce our lush, affordable property to people seeking vacation homes and investments in Belize,” says Salt Life Belize Sales Director Scott Fuson. “But that doesn’t mean we stopped promoting our fabulous community so it would be open for business just as soon as travel restrictions were lifted.”

That time has arrived and given Belize’s relatively few incidents of infection, visitors are more likely to seek respite in this country when compared to neighboring nations where virus cases are much higher. “Belize officials were wise to implement border closings to minimize the threat,” adds Fuson. “We’re benefitting from their wisdom now. We’ll reward home seekers by offering the same pricing that was in place early in the year so they are able to stick to their budgets and long range plans.”

Because market projections remain healthy, Salt Life Belize developers have continued to meet their 2020 building goals of moving forward with its master plan. For folks who had already taken up residence within the community, knowing that property values are stable has reinforced their confidence in having made wise choices. “Because Ambergris Caye property values remain healthy — some have even appreciated this year — demand could be significant once we pass that August 15th reopening deadline,” added Fuson.

For second- and vacation-home seekers, opportunities don’t often come along that are as positive at those enjoyed by current and future residents. This is the time to make a move – especially for those who had already been on track to purchase a property in Belize.

“I can’t count the number of people who tell me they have strong hunches that the time to invest is now,” says Fuson with a laugh. “I’m biased, of course, but I have to agree with them that the Belize real estate market is again heating up so what better time to purchase property at Salt Life Belize?”

Salt Life Belize is a unique development offering superior real estate in an area not known for affordability. Situated along the Caribbean Sea, condos are especially attractive to retirees eager to live among other ex-pats. Studio, 1 and 2 bedroom condominiums with on-water balconies and roomy interiors are available for occupation now, as the community’s Salt Beach Club moves toward completion by year’s end. For more information, contact the Salt Life Belize sales team at (833) 627-0106; sales@saltlifebelize.com.

Leave a Comment