What are the current trends in Ambergris Caye real estate?

current trends in Ambergris Caye real estate

Investing in Belize real estate has been an excellent way to earn rental income. The Belizean economy is characterized by stability and gradual growth, which creates a supportive environment for investors. A growing tourism industry benefits the Belize real estate market by increasing demand for vacation rentals and long-term properties. A thriving expat community provides a strong support system for those seeking a lifestyle change to a tropical destination. Belize’s proximity to major North American cities, just a short flight away, makes it an easy choice for travelers looking for a place to spend their retirement or vacation time.

Ambergris Caye Real Estate is one of the most popular and attractive real estate markets in the Caribbean, thanks to its pristine beaches, vibrant expat community, and diverse cultural scene. With the COVID recovery in full swing and a growing number of international air carriers offering convenient routes to Belize, tourism is booming.

This has created a high demand for new resorts and hotels, and a frenzy of construction activity in the island. From a luxury Four Seasons hotel to a boutique development featuring overwater villas, there is no shortage of options on Ambergris Caye.

What are the current trends in Ambergris Caye real estate?

While tourism is growing, the number of rooms available for rent has not increased. This is due to unique market conditions in Ambergris Caye that have led to higher demand and limited new supply, which has resulted in a decrease in inventory. This is an unusual phenomenon, as normally tourism growth translates into more rental units being added.

However, this decrease in inventory also translates into an increase in average daily room rates (ADDR). This is great news for anyone considering investing in a Belize property that will generate substantial rental income. The average ADDR for a home in San Pedro is $550 USD per night, which significantly exceeds the rate for similar homes in mainland Belize.

For those seeking to generate more stable rental income, long-term rentals are gaining popularity on Ambergris Caye. These types of properties offer an alternative to short-term vacation rentals and can be a profitable alternative during peak tourist seasons. They can also attract ex-pats, local professionals, and the fast-growing group of digital nomads who are seeking long-term accommodation.

What type of property you choose will depend on your desired investment strategy and lifestyle. Those who are interested in capital appreciation will likely be drawn to the larger homes and properties on Ambergris Caye, including villas and bungalows. These properties can often sell for over $1 million USD. In contrast, those who are looking to live a more relaxed lifestyle will probably be attracted to the many condos and smaller detached homes located closer to town.

The best option is to work with an experienced realtor who can help you find the right property to suit your needs and budget. RE/MAX Belize can provide a wide selection of quality properties, and can assist with the entire process from start to finish. Contact us today to get started!

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