[getdoon_weebobby]

http://www.belizeislandrealestate.com/

eco - island

buy the plot then build an eco-home on it.

thoughts?

[Caribbean Beauty]

Property, both localy owned residential and holiday resorts and villas, is tanking in asking prices and still nothing is selling. The region depends largely on tourism for income and since it depends on mid-haul pax (eg north americans) and long-haul pax (eg eurozone) to earn foreign currency, it has been especially hard hit by the crunch since travel to anywhere there is not cheap, and the ultimate discretionary spend - indeed, for the last 15 years of growth I would best guess that a huge number of visitors MEWED for their trips or paid on the never never (CC).

The problem for Belize and this development is that while $13k sounds cheap for land, the likelihood of the resort infrastructure (roads, drains, utilities etc) ever being built is small. Longer term prospects for most areas in the region to end up as Haiti/Mexico type lawless drug-trade run hellholes are also high, given the vacuum which will be left by the collapse of tourism, the main industry.

And travel links to Belize will continue to shrink - the Blue Hole to Hell-Hole in 5 years, watch this space. Remember that some regions have seen a 70% fall in visitor numbers/trade, job losses and resort closures/ghost resorts are on the rise, and most of the small governments are already planning their IMF approaches to survive.

Buy off-plan at your peril - in 5 years you will get a complete ready made luxury villa for 13k, albeit needing electric fence and armed rottweilers to make your "holiday" enjoyable! Look at the RSA for hints of the future.

[thod]

The whole island is 650 acres, not all of which will be farmable. Fresh water supply will be a major problem for those that try to live there and farm. The tropical climate will not support English crops and will be subject to tropical insects and hurricanes destroying the entire crop. The supportable population will be tiny, a small commune. There will be no schools or health facilities for those with children. There are no metals, oil, or industry. All these items will have to be imported, meaning some kind of cash crop competing with other banana islands.

Lets face it. This island is for some rich pensioner with an overseas income to import everything. Such a person will rapidly get bored with the lack of anything to do or buy and seeing the same few faces every day.

[muzrinkl]

eeeeeeeeeeeeeeeee

[Peter Hun]

Farming...Mining.... Infrastructure.

You guys are clueless.

Its a tiny holiday resort island for diving and sunbathing. If you want infrastructure go to southern Spain.

No doubt there will be a shortage of visitors and tourist income, but I doubt there ever was before the crash.