Posted on March 23, 2011.
Joshua Hunsaker says...
The prices in Belize compared to the US will be higher - due to the waker US Dollar.
But there is no reason to think that the Belieze real estate market would follow the US real estate market.They are two different countries with two completely different economies.
In the US, we had several years of exceptional rises in property values, low interest rates, and conditions where just about anyone could get a mortgage.For several years, if you could fog a mirror, you could own your own home.
In the US, it is now time to "Pay the Piper" so to speak.The huge number of loans to sub-prime borrowers combined with rising interest rates have caused increases in the number of foreclosures across the country.Foreclosures generally bring overall property values down.The tightening of the sub-prime mortgage market means there are fewer buyers eligible for mortgages.A real estate market that has fewer buyers, rising interest rates, and more homes for sale - the prices tend to drop and it becomes a buyer's market.
Look into the financial and economic situation in Belize before you buy.Just because it is a good time to buy a home here in the US does NOT mean it is a good time to buy in Belize.
Posted on March 26, 2011
Would like to buy a lot gold in small rental unit.Prices Belize appriciating Have Been For A Number Of Year, wondering if this trend IS going to stop and follow thw U.S. Market.