Real Estate Trends in Ambergris Caye
Real Estate Trends
Ambergris Caye real estate is one of the hottest markets in the Caribbean. If you’re looking for the perfect place to retire, Ambergris Caye is definitely worth considering. It’s got a laid-back feel, but it’s also big enough to not feel isolated. And its barrier reef draws visitors from all over.
With so many attractions, Ambergris Caye Real Estate has become a popular place for foreign homebuyers. In fact, 95% of those who buy property in Belize are from the U.S. This is a strong sign of the country’s growing popularity.
While Ambergris Caye is a wonderful place to retire, it’s a hot market for first-time buyers as well. Many are choosing beachfront condos, which offer a low maintenance and high rental capacity. The average nightly rental rate in Ambergris Caye is more than what’s found in other Central American markets.
Real Estate Trends in Ambergris Caye
There are a number of factors that contribute to the strength of the local real estate market. One of these is the large number of international air carriers that are now offering direct flights to the area. These new flights are making it easier to get to the island. Other factors include the relaxed Caribbean lifestyle and the growth of the expat community.
Another factor that is helping to boost the Ambergris Caye real estate market is the arrival of more affluent consumers to town. People who are buying homes are able to watch their investment appreciate over time. This is a good thing for the local economy.
If you’re thinking about buying a second home, Belize is a great option. You can buy a luxury oceanfront home or even a small luxury resort. Both options come with private beach areas and high-end design.
The most popular places for foreign homebuyers are on the western and southern coast of the island. These locations have the highest demand, and they’re also more likely to increase in value.
San Pedro is also a growing expat community. The population is comprised of people from a wide variety of nations. For instance, a large number of ex-pats from the United States and Canada live in the area. When an expat moves to Ambergris Caye, he or she usually removes his or her rental property from the market, driving the average nightly rental up.
In order to get the best prices, you’ll want to invest in an oceanfront condominium unit. One-to-two-bedroom units are priced between US$300,000 and $700,000.
If you’re interested in a larger luxury home, you can choose a four-bedroom house for around US$1 million. Having a private beach area is a huge plus, and you can also take advantage of a private golf course. A three-bedroom family home is rented for between US$2,000 and $3,500 per month.
The best part of all is that there is no limit to how much you can spend on Ambergris Caye property. This makes the area a solid investment choice for first-time buyers as well as experienced investors.