H434 - Another Spectacular Beach Home
What
is happening in the real estate market? Covid-19
has put a serious burden on our clients visiting Plaencia to view property, experience the lifestyle and
make a purchase. The airport has been closed since March so only a few clients
(the ones that decided to stay when the airport
closed and a few local ones) have been able to view properties. However, the demand has really jumped; and it
was very strong to begin with. We are seeing
interest in the complete spectrum of properties here: Islands, farm land, condos, vacation homes,
beach homes, hotels, etc. We believe people are looking for a
destination home where they can gather with friends and family in a safe, fun
and stable environment. Some people are planning their escape route in case such a pandemic strikes
again. And Belize is simply a perfect solution. Our virtual and live property tours have also
been a huge success with clients buying site-unseen and ones buying with
inspections set after the airport
opens.
One
positive result from the virus is the ability to work from home. Zoom is
booming. Computer sales are booming. And even house slipper and sweat pants sales
are booming. In Placencia we are
fortunate to have high speed internet readily available. We even have fiber optic cable run to a few properties. With easy 2 to 3 hour direct flights daily to many cities in the USA one
can easily live/work from Belize and then fly back to the USA for any important
meetings as needed. Welcome to your new
“office” in Belize. The
evidence of a boost in vacation homes especially those in more secluded destinations
is starting to show. The Summit Daily newspaper
in Summit County Colorado (home to world famous ski resorts such as
Breckenridge and Vail and a major second home market) just reported on July 2nd - “Summit County
realtors see ‘shocking’ boost in business in June. Work-from-home
trend has buyers looking for an escape in the mountains”. The article went on to state “Despite a dismal April and May,
Summit County Realtors are seeing a shocking jump in the market. The past
two weeks have been record-breaking for Land Title Guarantee Co., which
oversees 90% of business in Summit County. Land Title Director of Sales and
Marketing Brooke Roberts said June orders were up 116% from June 2019.” Forbes Magazine just published their “The Top Caribbean Beaches For 2020”
article. Jim Dobson, the senior Contributor,
writes the travel section and focuses on
“Searching the world for the most amazing People, Places and Things.” Placencia, Belize was mentioned in the Top Beaches
article. Nice work Placencia!
So we project
a significant increase in demand for property here in Placencia Belize. Fortunately,
prices are still extremely reasonable especially when compared to other beach
destinations. Beach lots can still be
acquired for $250,000, beach homes right on the Caribbean in the $500s, islands
for as little as $250,000 and simple non-waterfront homes for under
$200,000. Come see us.
The airport opens August 15th with United, American and Delta
commencing with fights. Other airlines (West Jet, Air Canada, etc.) are also planning
to resume flights around this time.
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