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  • Budgets

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    The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

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Home Countries Belize

What The Future In Belize Looks Like: The Booming Real Estate Market

Reality Check From Belize— How This Country Has Fared During The Pandemic

by Philip M. Hahn
Feb 18, 2021
in Belize, In Focus: Belize, Real Estate, Travel
0 0
Beautiful Caribbean sight with turquoise water in San Pedro island, Belize.

Alamy/Александар Тодоровић

More than ever, people are asking, “What does the future look like?”

In Belize it looks appealingly like the past. A past when the quality of life in small, tight-knit communities was treasured. A time when people didn’t live to work—they worked to live. Belizean culture cherishes and celebrates that lifestyle and the balance between an industrious life and a laid-back one. No wonder it is consistently ranked as one of the happiest places on Earth.

Belize is fundamentally a melting pot of freedom seekers. Freedom is the overarching spirit of the nation and was memorialized in 1925 when Samuel Haynes composed the lyrics, “Land of the Free by the Carib Sea,” which later became the National Anthem.

A few years later, Aldous Huxley wrote, “If the world had any ends, British Honduras would certainly be one of them. It is not on the way from anywhere to anywhere else. It has no strategic value. It is all but uninhabited.”

When Huxley penned those words in 1934, the population of Belize (or British Honduras as it was then) stood at 52,000. Though it has grown to 400,000 today, Belize still boasts one of the lowest densities anywhere in the world. And, contrary to Huxley’s words, Belize has plenty of strategic value. It’s in the tropical Caribbean, close to North America, and has vast arable land, vibrant island culture, lush rainforests, and a welcoming hospitable culture.

These essential elements have made Belize an attractive destination for a new wave of freedom seekers. Amid the global crises of a pandemic, civil unrest, and political malaise, this small, unassuming country has remained calm. With a self-sufficient population and vast natural resources, the nation is resilient and food secure. Belizeans have a quiet confidence about their future. As always, it’s “No worries, Mon.”

What About Real Estate?

As the only country in Central and South America with English as its official language, Common Law as its foundation, and strong private property rights, there is good reason to be confident about the future. Many Belizeans own property and can live off their own land or from the sea, which adds to their self-assuredness.

These factors are also why the real estate market tends to be less volatile in Belize. If you spend time searching, you can dig up good deals. But the pandemic has not caused a massive decline in prices. This may change if there is a prolonged economic recovery, but the folks here are not desperate and are on “Belize time.” News from the outside world doesn’t cause them to panic.

In 1988, Morley Safer of “60 Minutes” fame said, “The news from Belize today is there is no news from Belize today.” In a world supersaturated with news, it’s a relief to know that Safer’s words still hold true. Few places have escaped international reports about their COVID-19 status, yet there was little to no news about Belize being the last country in all the Americas to register a case. The country was able to stave off a first wave until months into the global pandemic when cases were brought in with repatriation flights and border jumpers.

Today the news from Belize is that it is adjusting to the existence of COVID-19 by establishing reasonable protocols and providing training and certification for airport, hotel, and tour company staff. The Government of Belize and the Belize Tourism Board are now finding a balance between keeping Belizeans and visitors safe while rejuvenating the economy.

Belize Is Open For Visitors

In preparation for the reopening of the international airport in October, the tourist board created a  health app that provides a QR code for ease of entry (The Belize Travel Health App is NO LONGER REQUIRED prior to arrival. You do NOT need the app to board your flight to Belize. [Read the official notice].). After being locked down since March 23, the reopening of the airport was a welcome event for a country that loves hosting tourists. It was long-awaited news for residents and expats anxious to return to their homes and businesses in Belize.

The folks stuck in North America desperately missed their blissful lives in Belize. At the same time, those living in Belize didn’t panic. Like many others in the world, they had to deal with COVID-19 protocol inconveniences, but as a resilient society they peacefully went about their daily lives and harmonized in typical Belizean fashion.

We saw this play out here at Carmelita Gardens—our self-sufficient community located in the Belize River Valley. Surrounded by nature, the Belize River, and farmland, the residents here live comfortably in their solar-powered homes and pull together as a community.

Carmelita residents share in the bounty from the gardens and river and help each other with projects. A couple of the residents built a chicken house, so they could have fresh organic eggs for themselves and to share with others. Another resident built a fire pit to host barbecues with grilled fish, skewers of shrimp, vegetables, and baked potatoes. As new residents move in, they are greeted with fresh eggs, organic produce, and freshly baked carrot cake.

During lockdown, the residents continued with their day-to-day life—gardening, fishing, baking, playing games, canoeing, and relaxing.

Interest In Belize Is On The Rise

As things worsened in North America, we saw more interest in Belize and the quality of life on offer in a community like Carmelita Gardens. While travel restrictions were still in place, we began hosting virtual tours. Many of our tour attendees went on to buy properties, and some designed their dream homes. We are now celebrating multiple “Golden Shovel Events”—when residents and staff gather for the groundbreaking on a new house. Golden Shovels and Golden Ribbon-cuttings (housewarmings) are traditions in Carmelita Gardens, and we have many scheduled over the next few months.

Today the news from Belize is that the most popular real estate markets in the country are booming. Now that the airport has reopened, old residents are returning and new ones arriving to start their new lives in this non-meddlesome Caribbean country.

Phil Hahn
Part-Time Belize Expat presenting at this week’s Live and Invest in Belize Virtual Conference

Tags: 'Belize''real estate'Americans in BelizeCarmelita GardensCOVIDExpats in Belizelive in BelizeMove to BelizeReal estate in Belize
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Philip M. Hahn

Philip M. Hahn

Phil always dreamed of the tropics while growing up in Michigan. He started his southerly migration in 1982 by attending Florida State University. At FSU he studied Interior Design and Housing. Prior to graduation, he started a residential design business that ultimately designed over 6,000 homes and expanded into construction and development. In 2003, Phil saw the potential for development in Belize and purchased 115 acres for his new urbanism development community. Combining his experience with quality coastal home design and his love of classical architecture, he created an evocative new Caribbean town. In 2007, he Co-Founded Great Land Holdings, which has grown to include multiple properties throughout the northern and western part of Belize.

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