Belize Executive Estate Gallery
Copyright 2011 Belize Executive Beachfront Estate: Belize Real Estate. All Rights Reserved.
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Big money is flowing into the Placencia peninsula. The Placencia Resort is investing ten of millions (hundreds of millions?) in their extensive developments. And they are selling their products (condo’s, SFR, lots, high rise condos, at a rate that exceeds their build schedule at the north end of the peninsula. Other large parcels are slated for development by name brand properties/developers. Coco Plum is a 240 acre upscale environmentally sensitive development midway on the peninsula. Over $20 million was spent preparing the lots and extensive landscaping including waterways, ponds and islands. With only a very low key selling effort in place the developer has sold 22 of 116 lots in the first six months. The peninsula Re/Max office is receiving 100 inquiries per week. Another local RE office has closed 36 deals so far this year.
The values in Belize continue to be 50% or less of other Caribbean countries and islands. As the destination becomes more known and advertised the number of visitors and retirees continue to grow. Currently over 1,500,000 cruise ship visitors annually enjoy many Belizean land based tours to frequent Dolphin and Maya beach. An aggressive retiree support program makes it easy and financially attractive to retire in Belize. The democratic government is stable. The spoken language is English. The currency is pegged 2:1 to the US dollar. The rule of law is British based.
Where Ambergris Caye with its town of San Pedro was the hot attraction twenty years ago the interest has now shifted to Placencia. The crowded conditions at Ambergris based on the density of population, the high number of visitors and the focus on “sin and sun” has made many seek a more relaxed and nature oriented environment. Those people are now looking and buying in Placencia. Placencia is thus becoming a more sophisticated and upscale place to live and recreate.