Properties in Belize are holding their value as the credit-crunch continues to become more severe, claims one expert…
Les Calvert, director of overseas property portal Property Abroad said: "While Belize never really became massive news as an emerging market, its emergence, if largely silent was one of the quickest and most profitable of all overseas property markets.
"A luxury 2 bedroom apartment in Belize is now almost £200,000 to buy. We are advertising several 1 bedroom houses, none of them under £200,000 — in fact one of them is over half a million pounds. But I certainly wouldn't advise anyone to wait and see if prices drop; they won't! And before you know it prices will begin rising rapidly again."
Belize is home to the world's second largest barrier reef and a lush tropical rainforest. It also has a rich diversity of wildlife and a large concentration of Mayan ruins, all of which are making Belize increasingly popular with international tourists.
Mr Calvert added: "All in all, Belize is a fantastic place to buy a property, whether you are buying a holiday home or an investment property".